Indian crypto bank opens physical location, eyes 100 branches by 2022
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....
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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....
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 Credit Co. Operative Society, has begun rolling out physical branches in India. The first branch has opened in Jaipur, the bank announced Monday. “Unicas is initially opening its services online and through 14 branches....
Unicas is planning to open 50 banks in India by the end of the year, but a proposed bill banning crypto could complicate matters. India’s Unicas crypto bank opened its third physical branch last week in New Delhi. Previous locations were launched in Jamnagar and Jaipur.Unicas reportedly allows customers to access fiat and crypto services at the bank, and provides digital loans using crypto holdings as collateral. The bank aims to launch 50 branches across the country by the end of the year, and 50 more by the end of 2022. Its plans may be stifled, however, due to a crypto bill that is....
Crypto bank Unicas, a joint venture between Cashaa and United Multi State Credit Cooperative Society, has expanded its operations by opening another physical branch. The bank believes that the Indian government will introduce positive crypto regulation and not impose an outright ban on cryptocurrencies such as bitcoin. New Physical Crypto Bank Branch Opens in New Delhi Physical crypto bank Unicas has opened another branch, Cashaa announced last week. Unicas is a joint venture between crypto banking platform Cashaa and United Multistate Credit Cooperative Society. Noting that this will be....
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....