Unicas, a crypto financial institution has announced opening new physical branch in India’s capital, New Delhi. The new branch based out of Connaught Place, New Delhi will allow users to access banking services in both fiat and cryptocurrency.
Cashaa, a global banking platform in partnership with 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 user to avail facilities including savings account, loan against crypto assets and cash deposit withdrawals.
Unicas accepts the CAS token as its native crypto. Users with higher portfolio balance in CAS get advanced banking services along with lower rate of interest for loans and much higher interest on savings balance.
“Since Unicas launch in India, we have received an overwhelming response from users. Our primary agenda was to also spread awareness about crypto, and share more knowledge, additionally making people familiar with the technology. We have attained the objective to a certain extent, however, to further proceed in this direction we are expanding our footprint through physical branches. Being physical do not mean we are not online, our major customer acquisition is online, while our branches are creating trust in the masses and allowing less tech savvy people to become the part of the Crypto revolution” said Dinesh Kukreja- CEO of Unicas
Unicas has already created presence in Gujarat, Rajasthan and Delhi, and this year it plans to foray in UP, Telangana, markets too. With the currently operational physical branches the brand has already witnessed a transactional volume worth INR 150 crores.
By the end of the fiscal 2022-23 it plans to clock a transactional volume worth 1000 across.
Also read: What is financial literacy and why is it fundamental?