June 2022 guide to Cashaa products

June 2022 guide to Cashaa products

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Mike
Mike

An editor at Coincrop


05 Jun 2022 | 12 min read
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K

umar Gaurav, the founder, and CEO of the bitcoin fund transfer platform aimed to make the money sending process easy for everyone. The company's platform is based on trying to run a crypto exchange.

The construction wallet incorporates crypto and fiat as an access point to consumer-centric and reasonably priced investment products. It providesthe transfer of funds from one town to the other with zero expenses and real-time exchange rates to satisfy businesses' financial requirements. It also allows users to control their money and helps to bring Blockchain innovative thinking to ordinary people.

In this guide:

What is Cashaa?

Cashaa, a financial service platform established in the United Kingdom, allows companies to open bank accounts in GBP, EUR, and USD. Cashaa is not a bank in and of itself. Still, it has formed strong alliances and technological integrations with a range of payment service providers, banks, PSPs, and EMIs combined through the Cashaa profile to develop a unique platform that is superior to any bank. "Banks are underserving crypto-related firms. We intend to make joining the crypto revolution as painless as possible for every business.

Cashaa promises to be the nation's biggest crypto-friendly neo-bank, with numerous crypto firms using its services worldwide. CAS powers the Cashaa banking environment. As the Cashaa platform's native coin, CAS offers a variety of benefits, including expedited submission of applications, reduced set-up fees, lower international wire costs, a refund in exchange, service charges, and special crypto-friendly banking services reserved for CAS owners.

What is the history of Cashaa?

Cashaa is a financial service company based in London, United Kingdom. Cashaa employs 35 people. Cashaa was created in July 2016 as a peer-to-peer platform for market participants and cash transmitters. Previously to that, it has been in operation in Indonesia on a trial basis since April 2016. Cashaa is situated in Level 39, a financial accelerator in London's Canary Wharf, gone official in January 2017.

Cashaa serves a large marketplace. People with at least one cash sender and recipient in a developing country send roughly $250 billion in cash each year. The global cryptocurrency markets have approximately $70-100 billion in annual trade volumes.

On April 3, 2016, Cashaa launched as a peer-to-peer Bitcoin exchange. Over $1.5 million in cash was traded for 2077 bitcoins within the next 100 days. The traders' network grew to 1,040 cities in 124 countries, dealing in 101 multiple currencies and cryptocurrencies. Over 7,000 dealers were active in the system by the end of the time. Cashaa Limited was incorporated in the United Kingdom on June 24, 2016.

Cashaa is the first podium that brings people who want to send money to people who want to buy bitcoin. It's simple to use, depends on real-time currency rates, has no fees, and is peer-to-peer. Cashaa profiteers from cryptocurrency volatility in two markets: the cash transaction takes place only when Cashaa turns a profit of at least 1%.

Are my funds safe with Cashaa?

Cashaa chooses a 100 percent money safety arrangement with European Central Institutions as a fair Fin-tech company. In our case, all user funds are placed in a separate account with the Bank of England, and Cashaa has no access to cash to use, lend, trade, or damage.

How to buy on Cashaa?

If you want to buy Cashaa (CAS), you'll need either Bitcoin (BTC) or Ethereum (ETH) as a trade currency. In this piece, I've analyzed Binance, a prominent cryptocurrency exchange, to help you figure out the best platform to buy cryptocurrency with a credit card or bank account. 

You are strongly advised to purchase Bitcoin and then exchange it for the appropriate number of Cashaa (CAS).

It's simple to buy Bitcoins using a credit or debit card, but I'll go over the best ways to achieve it step by step, so you grasp everything there is to know about investing.

How much can I earn?

Cashaa offers both flexible and fixed term duration interest products.

The following table lists products that pay interest on a flexible terms basis:

Deposit assetsReward assetsAPY Rate

Deposit Celo EuroCelo Euro (CEUR)

Earn Celo EuroCelo Euro (CEUR)

15.0% - flexible

Deposit Celo DollarCelo Dollar (CUSD)

Earn Celo DollarCelo Dollar (CUSD)

15.0% - flexible

Deposit UniswapUniswap (UNI)

Earn UniswapUniswap (UNI)

16.0% - flexible

Deposit ChainlinkChainlink (LINK)

Earn ChainlinkChainlink (LINK)

7.00% - flexible

Deposit Bitcoin CashBitcoin Cash (BCH)

Earn Bitcoin CashBitcoin Cash (BCH)

6.00% - flexible

Deposit LitecoinLitecoin (LTC)

Earn LitecoinLitecoin (LTC)

6.00% - flexible

Deposit DogecoinDogecoin (DOGE)

Earn DogecoinDogecoin (DOGE)

1.00% - flexible

Deposit XRPXRP (XRP)

Earn XRPXRP (XRP)

6.00% - flexible

Deposit BNBBNB (BNB)

Earn BNBBNB (BNB)

8.00% - flexible

Deposit USD CoinUSD Coin (USDC)

Earn USD CoinUSD Coin (USDC)

18.0% - flexible

Deposit TetherTether (USDT)

Earn TetherTether (USDT)

20.0% - flexible

Deposit EthereumEthereum (ETH)

Earn EthereumEthereum (ETH)

8.00% - flexible

Deposit BitcoinBitcoin (BTC)

Earn BitcoinBitcoin (BTC)

8.00% - flexible

The following table lists products that pay interest on a fixed terms basis:

Deposit assetsReward assetsAPY Rate

Deposit UniswapUniswap (UNI)

Earn UniswapUniswap (UNI)

16.0% - fixed (90 days)

Deposit UniswapUniswap (UNI)

Earn UniswapUniswap (UNI)

12.0% - fixed (30 days)

Deposit ChainlinkChainlink (LINK)

Earn ChainlinkChainlink (LINK)

6.00% - fixed (30 days)

Deposit ChainlinkChainlink (LINK)

Earn ChainlinkChainlink (LINK)

7.00% - fixed (90 days)

Deposit Bitcoin CashBitcoin Cash (BCH)

Earn Bitcoin CashBitcoin Cash (BCH)

5.00% - fixed (90 days)

Deposit Bitcoin CashBitcoin Cash (BCH)

Earn Bitcoin CashBitcoin Cash (BCH)

6.00% - fixed (180 days)

Deposit LitecoinLitecoin (LTC)

Earn LitecoinLitecoin (LTC)

6.00% - fixed (180 days)

Deposit LitecoinLitecoin (LTC)

Earn LitecoinLitecoin (LTC)

5.00% - fixed (90 days)

Deposit XRPXRP (XRP)

Earn XRPXRP (XRP)

6.00% - fixed (180 days)

Deposit XRPXRP (XRP)

Earn XRPXRP (XRP)

5.00% - fixed (90 days)

Deposit BNBBNB (BNB)

Earn BNBBNB (BNB)

7.00% - fixed (90 days)

Deposit BNBBNB (BNB)

Earn BNBBNB (BNB)

8.00% - fixed (180 days)

Deposit USD CoinUSD Coin (USDC)

Earn USD CoinUSD Coin (USDC)

18.0% - fixed (365 days)

Deposit USD CoinUSD Coin (USDC)

Earn USD CoinUSD Coin (USDC)

10.0% - fixed (30 days)

Deposit USD CoinUSD Coin (USDC)

Earn USD CoinUSD Coin (USDC)

12.0% - fixed (90 days)

Deposit USD CoinUSD Coin (USDC)

Earn USD CoinUSD Coin (USDC)

14.0% - fixed (180 days)

Deposit TetherTether (USDT)

Earn TetherTether (USDT)

12.0% - fixed (30 days)

Deposit TetherTether (USDT)

Earn TetherTether (USDT)

14.0% - fixed (90 days)

Deposit TetherTether (USDT)

Earn TetherTether (USDT)

16.0% - fixed (180 days)

Deposit TetherTether (USDT)

Earn TetherTether (USDT)

20.0% - fixed (365 days)

How is customer support provided?

Cashaa is automating many support processes in their new platform to simplify the process for both the users and the support staff. Customers will benefit from priority onboarding, lower transaction fees, higher limits, risk coverage, and dedicated customer support to make their banking experience more enjoyable.

Cashaa customers will now have access to the market opportunities and security of both UK and US banking through a single product. Because the company already has hundreds of US-based businesses signed up, becoming able to onboard these will solidify Cashaa's position as a global pioneer in crypto-friendly banking.

Are there any referral or affiliate programs?

As the product matures, Cashaa looks to expand into numerous innovation hubs worldwide. They have launched a referral program for businesses as part of the initiative. At the summit of recent Malta Blockchain Summit, the largest part of exhibiting businesses, including law, accounting, or various corporate services provider, we're looking to attract businesses to their cities. Cashaa received massive interest from these firms during partnership with us, to the entire bank their clients who are struggling these days to get an account or frustrated with traditional banks.

Cashaa FAQs

No, that is not the case. Since it is impossible to purchase Cashaa using cash, you can acquire Bitcoin on marketplaces like LocalBitcoins and then finish the rest of the processes by moving your bitcoin to the appropriate AltCoin exchanges.

LocalBitcoins, a peer-to-peer Bitcoin exchange, is a good place to start. It's more of a marketplace where individuals may purchase and sell Bitcoins. Users, also known as traders, create adverts to display their prices and preferred payment method. The buyers then purchase from the traders to purchase from sellers on the platform in a certain nearby location. After all, LocalBitcoins is a good location to acquire Bitcoins if you can't find your preferred payment option anywhere else.

While still in Europe, you benefit from being able to buy cryptos quickly and easily, as there are even online banks in Europe that assist buyers in opening accounts and transferring funds to exchanges like Coinbase and Coinmama. Bunq, N26, and Revolut are examples of popular online banks in Europe.

BitPanda allows Europeans to purchase bitcoin or Ethereum with Skrill. With Binance, Ethereum or Bitcoin can be converted into Cashaa.

 


Mike

Mike

An editor at Coincrop
View articles

Mike is a Crop Crop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely putting his latest car project back together.


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