British Fintech firm to start physical crypto bank branches in India - page 2.

stompix

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Quote from: avikz on October 27, 2020, 01:02:41 AM

Cashaa, a British Fintech company has announced on 26 October that they are going to start 34 physical bank branches by partnering with "United Multistate Credit Cooperative Society" to build a crypto friendly banking service called UNICAS. Indians can safely operate a savings account to buy, sell and store crypto assets there!

Yup, very safely! These are the guys that were storing their coins in blockchain's web wallet.
https://bitcointalksearch.org/topic/cashaa-hacked-336-btc-stolen-5261610
I'm pretty sure everyone will be thrilled to store their coins "safely" with them, not even mentioning that their token has dropped 86% from the ICO price.

That being said, your you store your coins with these guys?

Ayiranorea

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Quote from: avikz on October 27, 2020, 01:02:41 AM

The news is a bit of a surprise to me but if it happens, it wil be great!

Cashaa, a British Fintech company has announced on 26 October that they are going to start 34 physical bank branches by partnering with "United Multistate Credit Cooperative Society" to build a crypto friendly banking service called UNICAS. Indians can safely operate a savings account to buy, sell and store crypto assets there!

While the parliamentary members are planning to ban cryptocurrencies in India, this news is indeed a surprise to me! Do you think it will become a reality?

News ref: https://cointelegraph.com/news/british-fintech-firm-opening-physical-crypto-bank-branches-in-india

There is more chance of this news come to reality. British fintech company focusing on the Indian market is something different, but it has a hidden plan. India being highly populated, it is easy to reach and make it successful. Maybe this could function as a financial service with the bitcoin holding saved in the form of fiat. For example if a person holds one bitcoin, he might be owning certain amount and based on the fluctuation of the market will be the fiat owned in his account. This way there is chance of running a bank in my view.

avikz

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The news is a bit of a surprise to me but if it happens, it wil be great!

Cashaa, a British Fintech company has announced on 26 October that they are going to start 34 physical bank branches by partnering with "United Multistate Credit Cooperative Society" to build a crypto friendly banking service called UNICAS. Indians can safely operate a savings account to buy, sell and store crypto assets there!

While the parliamentary members are planning to ban cryptocurrencies in India, this news is indeed a surprise to me! Do you think it will become a reality?

News ref: https://cointelegraph.com/news/british-fintech-firm-opening-physical-crypto-bank-branches-in-india

Topic: British Fintech firm to start physical crypto bank branches in India - page 2. (Read 284 times)