India.
- The ‘Unicas’ will help people to perform transactions in cryptocurrency and fiat from one account to the other.
- The bank will offer services for crypto as well as fiat assets.
- The UK based Cashaa will access regulatory license, physical branches and banking infrastructure of United Multistate Credit Co-operative Society Ltd of India.
- This will the first time in India that a finance organisation is enabled for cryptocurrency.
- Also, World’s first Crypto bank is initiated in Jaipur, Rajasthan, India.
- At the initial stage, the Unicas bank will offer the online service and service through 14 branches across NCR, Rajasthan and Gujarat by Jan 2021.
- It will offer the regular banking services like saving accounts, crypto exchange, crypto loan and debit card to transact crypto.
- Static Part:
- HQ Cashaa: London, UK
- Founder and CEO of Cashaa: Kumar Gaurav
- HQ of United Multistate Credit Co-operative Society Ltd of India: Jaipur, Rajasthan
- HQ of Unicas: Jaipur, Rajasthan
- CEO of Unicas: Dinesh Kukreja
Question:
Q.1 In partnership with whom the UK based Cashaa launched the World’s First Crypto Bank named as ‘Unicas’?
a. United Multistate Credit Co-operative Society Ltd
b. Money Plant Credit Co-operative Society Ltd
c. Citizen Credit Co-operative Bank
d. Sahayog Co-operative Credit Society Ltd
a. United Multistate Credit Co-operative Society Ltd
b. Money Plant Credit Co-operative Society Ltd
c. Citizen Credit Co-operative Bank
d. Sahayog Co-operative Credit Society Ltd
