22 Indian Bank Branches to Begin Offering Crypto Banking Services
An Indian bank is preparing to start providing crypto banking services at its physical bank branches. Customers can buy bitcoin and several other cryptocurrencies at these branches with Indian rupees, open savings accounts with crypto wallets, make loans against their cryptocurrencies, and more. Crypto Banking at Physical Bank Branches in India Cryptocurrency users in India will soon be able to visit physical bank branches for crypto banking services as well as learn about cryptocurrency investing. This is due to a partnership, announced Monday, between crypto banking platform Cashaa and....
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For the first time, Indians will be able to take out a loan against cryptocurrencies. Indian bank United Multistate Credit Co. Operative Society is planning to expand its banking services to cryptocurrencies and cryptocurrency products.In collaboration with the crypto banking service provider Cashaa, United has established a joint venture dubbed UNICAS that aims to provide both online crypto banking services and walk-in services across its 34 physical branches in northern India.This move by United and Cashaa comes amid India’s uncertain crypto regulations. While the Supreme Court of India....
India is now home to the world’s first physical crypto bank branch despite regulatory uncertainty surrounding virtual currencies in the country. Unicas, a joint venture between Indian online crypto banking platform Cashaa and United Multistate Credit Co-op Society has launched a physical crypto bank branch in Jaipur, India.Back in October, Multistate announced plans to offer both online and physical crypto banking services across its 34 locations in northern India.Users will be able to access both fiat and crypto-asset services at the bank. Unicas will also provide instant digital loans....
London-based banking company Cashaa will launch a crypto-friendly neo-bank in India The London-based online banking platform Cashaa is planning to launch a crypto-friendly neobank — or internet bank — in India. Kuman Gaurav, the founder of Cashaa, told Cointelegraph that Cashaa India will allow Indian businesses and individuals to open a savings account with them and buy, store and save cryptocurrencies just like any other financial instrument.“For lending, we will be adding crypto assets class together with gold and real estate as collateral,” he said.Gaurav explained the need for a....
One of India’s leading private banks with 5,608 branches and 16,087 ATMs, HDFC Bank, has published a report stating that “it is just a matter of time before Indian investors have legal access to crypto plays.” This statement came as the bank scrutinizes crypto transactions in customer accounts. HDFC Bank Predicts Legal Acess to Crypto in India HDFC Bank, a leading private bank in India, published a Treasury Research report last week detailing its view on cryptocurrency. HDFC Bank currently has 5,608 branches and 16,087 ATMs across India. The bank was among the first to....
With increasing adoption of internet-banking and mobile-banking, an extensive network of branches is no longer necessary for banks. Are bank branches headed for extinction? Changing Face of Banking. Change is inevitable. Before the invention of ATMs, the teller was an important person at the bank. Now verifying your account balance, counting your money and handing it to you is done by machines. Machines do this more quickly, more accurately and at a lower cost compared to your tellers. A similar paradigm shift seems to be happening within bank branches. Increased adoption of....