Cashaa

Overview of Cashaa

  • Cashaa worked with multiple regulated entities over the years and was dependent on their banking platform capabilities but now both new and existing clients are offered business and personal banking facilities with all services being enabled through Cashaa’s proprietary internet banking platform, without relying on third-party services.
  • Cashaa's model is based on connecting individuals who wish to send and receive money anywhere in the world, with cryptocurrency traders/network who accept the physical cash from the sender in one location and give it to the receiver in another location in exchange of selling and buying their cryptocurrencies.
  • Cashaa claims that the branch that it opened in Jaipur, India, in collaboration with local financial services firm United Multistate is the “world’s first physical crypto banking branch.” It aims to open 14 branches in January and increase the number to 100 branches by 2022.
  • Cashaa is not new in the blockchain sector, it started providing banking services using partners platforms in August 2019 when regulators and banks commonly misjudged the sector believing it was only grey areas which include gaming and gambling that fueled distrust.
  • Cashaa’s wallet system, integrated with the peer to peer exchange with full spectrum of fully digital financial services, enables its community to save, spend, borrow and get insured, with a simplified user experience in a legally compliant way.
  • Cashaa, a blockchain-based fintech, has joined hands with United Multistate Cooperative Society, a credit cooperative society, to launch crypto bank joint venture UNICAS that allows users to transact in cryptocurrency and fiat from one account.
  • Cashaa was able to deliver smooth and secure customer experience through its non-custodial crypto wallet, which means it does not keep customers’ crypto in its control, making Cashaa the safest and cheapest place to buy Bitcoin in India.
  • Cashaa’s all-time high of $0.20 means that it’s currently trading at a ~97% discount, suggesting that there is potentially a low-risk, high-reward opportunity here if the fundamentals and technicals give us a reason to buy.
  • Cashaa made use of its banking and vast trading network to create a peer to peer model for its INR services which enabled Indian residents to buy and sell BTC, ETH and CAS via bank transfer up to 1.5 Crore INR.
  • Cashaa’s ICO held on 2017-11-06, the project rejected 14.77 Million USD, which resulted in freeing up 192 Million CAS tokens also known as Unsold token, which we decided to distribute to the community.

    • Blockchain

    “The objective of our union is to provide all Populous World users and the administrative team with a faster and cost-effective global payment method that would enable them to transfer money anywhere in the world.The Cashaa wallet a the smart blockchain digital wallet which stands out for both processing speed and transaction fees; money from the Cashaa wallet can be transferred to recipients to 210 countries, in minutes, using liquidity of the 5 Trillion USD FX market” – Kumar Gaurav, CEO Cashaa.

    Network

    Cashaa is a P2P marketplace powered by the Blockchain to transfer cash anywhere in the world.

    Regulation

    Cashaa is targeting the companies who want to follow strict KYC and AML guidelines during and after their token sale.Cashaa’s compliance API can be embedded by businesses to solve the AML and KYC issues in minutes and allows thousands of other verified individuals to participate in their ICO with a single click.Any entity which follows the regulations and compliance standards set by Cashaa will get a business banking facility.Furthermore, bank accounts will also be available to community members of these businesses, enabling them to seamlessly manage crypto and fiat currency.

    Support

    To take the worst possible case for headwinds to price growth, let us assume all 365mn CAS come into circulation over the next 12 months (this is not the case, as these tokens are released in predetermined percentages at various times).365mn CAS at current prices is 638.75 BTC, or ~$2.46mn, which equates to 1.75 BTC of average daily supply emission ($6,762).Cashaa’s Exchange Volume and Average Exchange Volume would cover this supply emission by 4.37x and 29.65x, respectively.This indicates that there is plenty of volume to sustain current prices.However, there is not enough Liqudity, as Cashaa’s buy support of 0.78 BTC within 10% of current prices is less than half of the possible average daily supply emission.I stress that this is the worst possible case, and does not follow the release schedule detailed in the Cashaa whitepaper.

    Transactions

    As Cashaa is handling huge amounts of AML and transactional data on crypto-currencies related to banking transactions, it can enable regulators to understand the industry better and help it develop a positive outlook towards the industry.A feat, Cashaa projects to repeat in India as well.

    What is Cashaa?

    Cashaa is an Ethereum-based banking platform powered by the technology of Auxledger.It offers an exchange and money transfer services between fiat and cryptocurrencies.financial technology combined with fiat will enable real-time, peer-to-peer value exchange and payment services across all the Blockchain.The integrated Cashaa's wallet system enables its community to save, spend, borrow and get insured, with a simplified user experience in a legally compliant way.CAS, an EIP-20 token, is used as the main currency of Cashaa's ecosystem and allows its holders to acquire premium services, trade cryptocurrencies anywhere in the world, provide the credit score for lenders, participate in governing mechanism of CAS usage, and publicly trade tokens.

    How do I buy Cashaa?

    It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Cashaa.

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    What coins are similar to Cashaa?

    The following coins use Cashaa’s ETH Token algorithm and proof-type: Chainlink, THETA, Binance USD, DREP, DREP [old], PancakeSwap, Aave, Maker, FTX Token, Huobi Token, Crypto.com Coin, Dai, Polygon, Chiliz and Holo.

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    What is the value of Cashaa?

    One Cashaa (CAS) is currently worth $0.04 on major cryptocurrency exchanges.You can also exchange one Cashaa for 0.00000065 bitcoin(s) on major exchanges.The value (or market capitalization) of all available Cashaa in U.S.dollars is $28.74 million.

    What hashing algorithm does Cashaa use?

    Cashaa is a coin that uses the ETH Token algorithm.

    What is the Reddit page for Cashaa?

    The official Reddit community (subreddit) for Cashaa is r/Cashaa.

    Where can I get Cashaa wallet?

    Cashaa produces its own wallet software that is available for download on its website, which allows you to store Cashaa on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

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    History of Cashaa

  • In 2019, it started its operations in partnership with an FCA regulated entity intending to become the go-to banking services provider for underbanked industries worldwide.
  • In 2020 UAE Based OE1X invested in Cashaa.