This year the country is celebrating 75 years of independence. With this, investors are also going to get a new freedom. By August 15, such a financial institution will start functioning in the country where you will be able to invest in FD or RD in cryptocurrencies.
UK’s Cashaa Crypto Bank plans to start its operations in the country by mid-August. Cashaa will work here in Unicas, a joint venture with United.
Cashaa claims that it will be the first cryptocurrency-powered financial institution in the world that will also have branches. Cashaa will give many investment and loan facilities to the people like a bank.
Cashaa says that in a few days after its launch on Independence Day, it will start providing savings, loan and trading services to people like a bank. First of all, he will give the facility of FD and RD to his users.
Cashaa says that it will offer its customers the facility of Fixed Deposit (FD) and Recurring Deposit (RD) in Bitcoin, Ethereum and other cryptocurrencies. This RD and FD will be exactly the same as available in the bank.
Cashaa says its FD will have a specific maturity period. On this you will also get fixed return. At the same time, Cashaa will provide the service of recurring deposit for small investors.
Dinesh Kukreja, Managing Partner and CEO, Unicas, says that keeping in mind the need of small investors, Cashaa will also provide RD facility to its users. In this RD, customers will be able to invest whenever they want on a daily basis. If they want, they can also invest in cryptocurrencies as small as Rs 1,000.
Dinesh Kukreja says that the special thing about Cashaa will be that it will have its own branch where any customer can walk-in like a bank. Can take advantage of the services provided in cryptocurrencies and can also ask questions related to it. At present, Unicas has three branches in the country in Delhi, Jaipur and Gujarat. Its head office is Jaipur and soon its branches will open in other cities of the country.
Cryptocurrency exchange ZebPay already offers its users the facility of FD in cryptocurrencies. Its users can earn a fixed return and interest by investing in FDs containing cryptocurrencies for up to 90 days.
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