Cashaa comes to Polygon with its proven cohort of new-age banking solutions. Cashaa has been helping crypto businesses to access crucial banking infrastructure and deliver compelling products to their users.
Polygon’s full-stack scaling helps achieve the most imminent scalability to these applications, thus truly democratizing the DeFi ecosystem to the masses.
As part of Cashaa’s vision to empower individuals to take control of their finances and access the latest in DeFi technologies, In 2021, Cashaa will be rolling out personal accounts across the globe — starting with India. These personal accounts will act as the gateway to the Cashaa product ecosystem, closing the gap between traditional and decentralized finance through a single easy-to-use entry point.
Cashaa account comes with the following suite of products :
Cashaa Spend: Cashaa will issue bank account numbers linked with national payment systems like SEPA, FPS, NEFT, SWIFT, etc, with Debit cards. This will assure that millions of crypto-curious individuals join the crypto revolution in a compliant, safe and easy way without the fear of losing their bank accounts.
Cashaa Earn: Earn up to 14% annual interest on your deposits. Cashaa Earn will support a variety of popular fiat currencies such as USD, EURO, GBP, INR, and cryptocurrencies such as BTC, ETH, USDT, MATIC, BNB, etc.
Cashaa Lend: Cashaa is committed to supporting the global crypto economy and has designed a unique loan solution of 0% interest rates on cryptocurrency-collateralized fiat loans on Bitcoin, Ether, and Matic.
With this, users can take out loans to purchase products from over 2,000 partner retailers — including Apple, Amazon, Flipkart, or take Cash on cards like MasterCard or Visa — with zero interest due.
Cashaa Pay API + NFT Vault: The Cashaa is launching a powerful fiat on-ramp API, allowing NFT marketplaces, DeFi protocols, exchanges, and more to add plug-and-play support for fiat purchases. By integrating the Cashaa Fi fiat API (known as Cashaa Pay), these NFT marketplaces will enable their users to make NFT purchases in a variety of fiat currencies, including the US dollar (USD), British pound sterling (GBP), Euro (EUR), and Indian rupee (INR). This solution will empower the next wave of NFT Holders from non-crypto backgrounds to buy and automatically store NFT purchases in the Cashaa account.
Besides financial products, Cashaa will release an easy-to-use cross-chain bridge that allows users to quickly move their CAS tokens on Binance Smart Chain to Polygon network. Using the bridge, CAS holders will be able to leverage Polygon’s ultra-efficient full-stack scaling to minimize transaction fees while transacting with CAS and gain access to Polygon’s growing DeFi ecosystem. CAS holders will also be able to stake their tokens on the Polygon mainnet to earn rewards — both in the form of CAS tokens and MATIC tokens using Cashaa staking.
The DeFi philosophy becomes more real with the Polygon’s least Gas price, near-instant transaction speeds. However, scalability is the key USP for Cashaa to bring their applications to Polygon. DeFi composability is equally prominent. The high number of applications already using Polygon’s full-stack scaling solutions bring opportunities to inter-operate and get supported while supporting themselves.
Cashaa launched in 2017 with a singular vision — to aid the adoption of blockchain-based financial products. Cashaa has been helping businesses exposed to cryptocurrencies access crucial banking infrastructure and deliver powerful products to their users. In the last two years, Cashaa has onboarded more than 250 crypto-native businesses who transacted over $1 billion using the Cashaa solution — helping to power the banking features used by heavyweights like Nexo, Paxful, Kucoin, Coindcx, Unocoin, Bitbns, etc.
In 2021 Cashaa is starting to deliver crypto-friendly banking services to the masses starting from India to start the adoption of CAS tokens.
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Source : cryptodaily.io