{"id":53459,"date":"2020-12-30T09:02:33","date_gmt":"2020-12-30T09:02:33","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=53459"},"modified":"2020-12-30T09:02:33","modified_gmt":"2020-12-30T09:02:33","slug":"physical-crypto-bank-opens-in-india-these-14-locations-offer-in-person-banking-lending-crypto-exchange","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=53459","title":{"rendered":"Physical Crypto Bank Opens in India \u2014 These 14 Locations Offer In-Person Banking, Lending, Crypto Exchange"},"content":{"rendered":"

\"Physical<\/p>\n

A crypto bank has begun opening physical branches in India through a joint venture between Cashaa and United Multistate co-op society. Customers can open bank accounts, buy and sell cryptocurrencies, obtain crypto-backed loans, as well as learn about crypto.<\/strong><\/p>\n

Crypto Bank Opens Physical Branches<\/h2>\n

Crypto bank Unicas, a joint venture<\/a> between Cashaa and United Multistate Credit Co. Operative Society, has begun rolling out physical branches in India. The first branch has opened in Jaipur, the bank announced Monday.<\/p>\n

\u201cUnicas is initially opening its services online and through 14 branches across NCR, Rajasthan, and Gujarat by January 2021, and plans to rapidly expand to 100 branches by the end of 2022,\u201d the announcement details. Unicas CEO Dinesh Kukreja commented that \u201cThis will allow us to build, scale and offer customized financial and crypto products for the local Indian markets.\u201d<\/p>\n

A spokesperson for Cashaa told news.Bitcoin.com that \u201cThe next 13 branches will all be rolled out between 4 \u2013 22 January.\u201d He also shared some details of the 14 branches, including their addresses and phone numbers.<\/p>\n

\"\"
Addresses and contact numbers of Unicas crypto bank\u2019s 14 branches. Source: Cashaa<\/figcaption><\/figure>\n

Noting that \u201cUnicas aims to onboard 25,000 customers within the first quarter of 2021,\u201d the announcement continues:<\/p>\n

\n

Unicas will be providing banking services for both fiat and crypto assets. Services include savings accounts, crypto exchange, crypto loan and debit cards to spend crypto. 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.<\/p>\n<\/blockquote>\n

\"\"
Unicas crypto bank\u2019s lobby.<\/figcaption><\/figure>\n
\"\"
Unicas crypto bank\u2019s learning center.<\/figcaption><\/figure>\n

<\/ins> <\/ins> <\/p>\n

Cashaa CEO Kumar Gaurav explained that besides banking, \u201cUnicas will also provide information and guidance on the level of convenience and security that blockchain technology offers.\u201d<\/p>\n

His company has been providing online banking services to more than 200 crypto exchanges, wallets, and startups dealing in crypto. The announcement adds that the joint venture enables Cashaa to \u201caccess United\u2019s regulatory licenses, its physical branches, and overall banking Infrastructure.\u201d<\/p>\n

Do you think physical bank branches will help crypto adoption? Let us know in the comments section below.<\/strong><\/em><\/p>\n

The post Physical Crypto Bank Opens in India \u2014 These 14 Locations Offer In-Person Banking, Lending, Crypto Exchange<\/a> appeared first on Bitcoin News<\/a>.<\/p>\n

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A crypto bank has begun opening physical branches in India through a joint venture between Cashaa and United Multistate co-op society. Customers can open bank accounts, buy and sell cryptocurrencies, obtain crypto-backed loans, as well as learn about crypto. Crypto Bank Opens Physical Branches Crypto bank Unicas, a joint venture between Cashaa and United Multistate […]<\/p>\n","protected":false},"author":2,"featured_media":53460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-53459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/53459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53459"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/53459\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/53460"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}