Crypto-friendly banking platform Cashaa expanding in India, US, Africa
London-based crypto-friendly banking platform Cashaa has unveiled its expansion plans, having raised $5 million from Dubai-based blockchain investment and advisory firm O1ex. “As a part of its expansion plans, Cashaa is set to launch its global banking services,” the company announced Wednesday.
Cashaa CEO Kumar Gaurav told news.Bitcoin.com: “At the onset, we are looking at fast-maturing markets such as India, which has tremendous potential in terms of not only having a sturdy economic base but a healthy banking and financial ecosystem backed by technology. A market that has the potential of adding 100 million users within the next 2 years.”
He noted that in India Cashaa is “already the largest liquidity provider and offshore bankers for most of the major crypto exchanges,” elaborating, “We will soon launch our neobank that will enable crypto-friendly banking in India, regulated under the Reserve Bank of India.”
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