Cashaa Adds USD Bank Accounts
Cashaa is a crypto-friendly banking platform that was founded in 2016. In a press release issued yesterday, Cashaa announced the addition of US Dollar bank accounts. Cashaa coordinated this launch in partnership with Metropolitan Commercial Bank, a full-service commercial bank headquartered in New York City.
Starting on November 25th, businesses can apply for US Dollar accounts with full banking features worldwide with the exception of sanctioned countries.
In the press release, Janina Lowisz, Co-Founder and VP of Marketing had the following to say, “As our world is changing, new types of businesses are evolving. Traditional banks currently underserve crypto-related businesses. Our goal is to create a hassle-free experience for all businesses who are building new technologies and business models. The addition of US dollar accounts is an important milestone for the crypto community and us. We want to thank our community and all businesses so far who have trusted Cashaa to solve their banking problems.”
Cashaa’s beta launch kicked off in May of this year. Their roadmap shows that they began onboarding business customers in the first quarter of this year, and between April and June of this year they rolled out the world’s first user-controlled multisig cryptocurrency wallet. In the first quarter of 2020, they plan to integrate the Cashaa wallet with Binance DEX. They even plan to offer approval early next year for businesses using privacy coins such as Monero.
From their website, “Cashaa, a UK-based banking services platform, is enabling businesses to open a bank account in currencies like GBP, EUR, and USD. Cashaa is not a bank in itself but it has built strong partnerships and tech integration with various financial services providers, banks, PSP, EMI, and integrated it through the Cashaa account to create a unique platform that is better than any bank.”
As of press time, Cashaa (CAS) was Rank 440 on CoinMarketCap at a price of $0.006855 USD and a marketcap of over $5.1 million.