Unicas – the crypto-friendly financial institution opens its new physical branch in Connaught Place, New Delhi

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Unicas – the crypto-friendly financial institution opens its new physical branch in Connaught Place, New Delhi

Posted on February 8, 2022

The new branch will allow users to conduct INR and crypto transactions through a single account

New Delhi : Unicas – the world’s first crypto financial institution with physical branches has announced the opening of another physical branch in the Indian capital, New Delhi. The new branch based in Connaught Place, New Delhi will allow users to access fiat and cryptocurrency banking services.

Cashaa, a global banking platform in partnership with cooperative society United Multistate, had launched Unicas in India, to give users the freedom to transact fiat and crypto through a single account.

The new branch is operational and allows users to enjoy facilities including a savings account, lending against crypto assets, and cash deposit withdrawals.

Unicas accepts the CAS token as its native crypto. Users with a higher wallet balance in CAS benefit from advanced banking services as well as a lower interest rate for loans and much higher interest on the savings balance.

“Since launching Unicas in India, we have received an overwhelming response from users. Our main goal was also to raise awareness about crypto and share more knowledge, while acquainting people with the technology. We have achieves the goal to a certain extent, however, to move further in this direction, we are expanding our footprint through physical branches. Being physical does not mean we are not online, our main customer acquisition is in online, while our branches create trust in the masses and empower less tech-savvy people to be part of the Crypto Revolutionsaid Dinesh Kukreja- CEO of Unicas

Unicas has already created a presence in Gujarat, Rajasthan and Delhi, and this year it also plans to make a foray into UP, Telangana markets. With the physical branches currently operational, the brand has already recorded a transaction volume worth INR 150 crore.

By the end of the 2022-23 financial year, it expects to register a transaction volume worth 1000.

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