Unicas Launches Physical Crypto Bank in Jaipur: A New Era for Digital Banking in India

Welcome to the Future: Unicas Ventures into Physical Crypto Banking

Unicas, a groundbreaking collaboration between the Indian online crypto banking platform Cashaa and the United Multistate Credit Co-op Society, has just opened its doors to a physical crypto bank branch in Jaipur. This event marks a significant milestone in the realm of digital finance in India, fueling excitement among tech-savvy cravers of cryptocurrency.

Full Spectrum of Services: What’s on Offer?

As part of its mission, Unicas provides a diverse range of services that blend the best of both fiat currency and cryptocurrency. Customers can not only transact using Indian rupees but also explore the world of digital assets. Here are some of the standout features:

• Instant digital loans using cryptocurrencies as collateral.
• Access to tailored crypto investment products designed for the Indian market.
• A savings account that combines the use of digital currencies and traditional rupees.

A Grand Vision: 100 Branches by 2022!

According to the ambitious plans detailed by CEO Dinesh Kukreja, the Jaipur branch is just the cherry on top. Unicas is set to roll out this physical presence in 14 locations across three northern states by the end of January 2021, with a long-range goal of establishing a whopping 100 branches within two years. Talk about setting the bar high!

Building Trust through Physical Presence

In an often skeptical region when it comes to digital currencies, having physical locations is key. Kumar Gaurav, the CEO of Cashaa, emphasized this point when he stated, “India is a very social and family-based country where financial decisions often involve the elder family members, primarily aged 40-65. They need to see things physically to trust them.”

Navigating the Regulatory Landscape

Despite a whirlwind of regulatory uncertainty and a government hinting at taxing Bitcoin transactions, the interest in crypto is steadily climbing across India. The rise in peer-to-peer trading signifies a growing acceptance of digital currencies, and Unicas is sure to be at the forefront of this blossoming trend.

Wrapping It Up: Changing the Game

In a world where technology outpaces traditional banking, Unicas isn’t just adapting but is changing the game. By marrying the concepts of conventional finance with innovative crypto solutions, this initiative could very well pave the way for a digital India. Who said banking had to be boring?