Unicas a crypto-financial institution with physical branches has announced the opening of another branch in Janakpuri, West Delhi.
Cashaa, a global banking platform in partnership with the United Multistate co-op society, had launched Unicas in India, to empower users with the freedom to transact in fiat and crypto through a single account.
The new branch is operational and allows users to avail of facilities including high yield savings interest of up to 13% p.a., instant loans against crypto assets, and exchange service.
Unicas accepts the CAS token as its native crypto asset, users with a higher portfolio balance in CAS get additional banking services along with a lower rate of interest for loans along with higher earnings on saving balance.
Speaking on the launch, Kumar Gaurav, Founder & CEO of Cashaa said, “Contrary to the popular speculations regarding crypto, we have witnessed a handsome response for the physical branches. We noted how this has helped us to facilitate awareness of technology and innovation, along with introducing the finest banking infrastructure. We aspire to take this way ahead, and the new branch is the step in the same direction.”
“The user base for just the physical branch at Unicas is growing month-on-month. Following the same, we have decided to widen our reach at the grassroots levels. We wish to penetrate the remotest of the areas in India and provide the tech-enabled advanced banking experience to the people. This is just the beginning, and in the long run, we will expand across the length and breadth of the county,” Dinesh Kukreja, CEO of Unicas further added.