Ali Hasan
Looks like bitcoin isn’t going anywhere as every now and then there is some news about it that’s making the rounds. This time, it’s a crypto bank that will help you with crypto transactions.
A crypto bank has begun opening physical branches in India. It’s being done through a joint venture between Cashaa and United Multistate co-op society. The bank’s name is Crypto Bank Unicas.
They offer various services like:-
- Customers can open bank accounts,
- Buy Cryptocurrencies,
- Sell Cryptocurrencies,
- Obtain crypto-backed coins &
- Learn more about crypto.
These banks are opened in a total of 14 locations where they offer their services. The 1st branch has opened in Jaipur. Unicas has initially opened its services online and will also operate through 14 branches across NCR, Rajasthan and Gujarat.
They plan to rapidly expand to almost 100 branches by the end of 2022. According to the CEO Dinesh Kukreja, this will allow them to build; scale and offer customized financial and crypto products for the local Indian markets.
The next 13 branches will be set up between 4-22 January. They aim to onboard more than 25,000 customers within the 1st quarter of 2021.
According to the bank, “Unicas will be providing banking services for both fiat and crypto assets. Services include savings accounts, crypto exchange and crypto loan and debit cards to spend crypto. The users may receive an instant loan digitally by depositing crypto assets in the Unicas wallet and requesting the equivalent value of INR on their card or bank account”.
So will you open a crypto account in the bank? Do tell us in the comments.
