Community AMAs 7th July 2019 — Write-up

Thanks to all who joined us on Sunday in our monthly community AMAs!

Let’s have a look at the topics discussed!

Product Development

BEP2 Capability

As we already informed in our monthly summary article for June, Cashaa Wallet now supports BEP2 assets. So far supporting CAS and BNB, we expect that from August on we have a dynamic capability where every business with a token on Binance chain can use our wallet to give to their community as a wallet that supports their token.

This is one of the next steps in our roadmap and a good opportunity as it is very new and there are not many such wallets yet.

Business & Personal Banking

In addition to our over 400 business signups, we last week issued our first personal IBAN account to a community member who successfully referred a business user. We want to support those early users who refer businesses to us, as banking underbanked businesses is our main goal for 2019.

Blockchain Innovator Award

Again a big thank you to all of you for having voted for Kumar and having enabled him to become 2nd in the Blockchain Innovator Award at London Tech Week, before some of the big names in the blockchain space such as Stratis and ConsenSys.

Operational Development

Business Customer Onboarding

We are still optimizing our operations and due to the huge number of signups, we are considering to filter our applicants, and at first limit our checks to customers with over 5 Million GBP, to maintain a healthy cost vs revenue balance.

On the personal account side, we are still only intending to give accounts to community members who are also CAS token holders and not to the masses yet.

Customer Support

We have made significant improvements in this area, we have now closed all open issues and have same-day replies established. We now have dedicated customer support for all onboarded customers. As our customer, you will have a personal contact at any time for any of your banking issues. We are still hiring and training more team members and are looking to add more virtual dedicated account managers, so we can give you 24/7 support for all your banking needs no matter where you are based.

Marketing & Sales

We will launch a series of Twitter and trading events with Binance around our coming listing on Binance DEX to bring CAS tokens to market.

The last CMC banner marketing got us 58 business customers, adding to our already huge pipeline of leads, due to which we have no plans to start GoogleAdwords until a later point during Q3 2019.

Partnership and Referral Marketing

In addition to the 4 legal and accounting firms that already signed up as our strategic partner to bank their clients with us, we are expecting an overall 50–100 companies to join. We will create an app where we will list all of these businesses that would also function as Cashaa office where you can go, submit your documentation and easily open your Cashaa account.

Due to all the technical changes required, we have not been able to add the referral codes to users’ accounts yet, so far you will still need to make an email introduction. We are expecting to have the referral codes up on 1st August.

There are more exciting features to come! New advantages for our personal users that refer us to a business customer, in addition to getting a personal IBAN account and 150 USD for additional referrals, will be the upgrade to a higher tier, and up to 5 % interest if you keep your EUR with us.

CAS Swap

A total of 119 addresses have been reported by the community related to unfortunate incidents with their CAS tokens. We now have an automated system to look out for scammer addresses, and we will switch to using this automated system on Tuesday, and be able to less rely on manual checks, which will speed the process up.

So far 800 users have requested to swap, all their tokens will be distributed by 12th July.

Please make sure you fulfill the KYC tier applicable to you, see here.

Please find the complete presentation here, also make sure you follow Kumar on twitter @kg_Cashaa !

Our next monthly AMA will take place on Sunday, 4th August, at 3.30pm BST.

The Cashaa Team

The Next Generation Banking Platform

Use Mastercard and Visa Credit/Debit Card for purchasing CAS token

More reasons to join us now — we keep delivering according to our roadmap, after launching our Business Banking services we are glad to announce that we have started credit and debit card payments to allow users to securely buy CAS tokens.

Login to your account now to try our new features, and share this great news with all your contacts! For our coming milestones, see our roadmap here.

Know the power of Cashaa Wallet for Personal Users

Cashaa is a unique wallet built on the philosophy of decentralization to bridge the gap between old and new money. Some of the fundamentals on which Cashaa’s personal accounts are developed include:

  1. Your keys, your Bitcoin
  2. Full AML/KYC to prevent wrongdoing
  3. Ability to store and spend crypto and fiat

There are usually two kinds of wallets, centralized and decentralized. In a centralized wallet, you don’t have access over your bitcoins (no private key), but usually, they offer services such as instant sell/buy Bitcoin, Bitcoin card or no transaction fee. (Example: Coinbase, Xapo). A decentralized wallet is a wallet where you have full access over your bitcoins (you get the private key), but without many services and no AML or KYC checks because it’s decentralized. (Example: Electrum and Mycelium).

So, which one is better for you, centralized wallet or decentralized wallet? At Cashaa, we solved this puzzle for you and made sure good people do not have to worry about it anymore while discouraging bad actors to leave crypto or at least not use Cashaa. At Cashaa, you are the owner of your crypto and you hold the encrypted private key, which means you are not exposed to the problems which centralization brings such as scam deposits, company bankruptcy, hacks, employees stealing, or sometimes the founder’s death. At Cashaa, only you can unlock your wallet with the key you have. Cashaa as a service provider has no access to your keys, and transactions are completed by the owner of the wallet. Cashaa does not act as custodian to your coins. As a new age bank, we believe in decentralized money which can work borderless without friction with the existing banking system. Cashaa employees or even the CEO is not authorized to ask your private key to do a transaction. 

  1. Cashaa provides you multi-sig addresses so multiple keys owned by separate entities are needed to move the bitcoins in an address. The first key is given to you decrypted with a password so that a camera or spyware can’t copy your keys. The second key is decrypted with your password to sign the transaction when you initiate it from your Cashaa account. The third key is stored with Cashaa, to sign it after you initiated a transaction and passed all the AML and compliance laws. Cashaa creates ⅔ multi-sig, where you hold access to two keys and Cashaa has one key. In case your one private key is leaked, it still will not affect your account, as one signature is not enough, but in case you lost both the keys we will also not be able to help you, for the simple reason that we do not have control on your coins. To retrieve the crypto funds you have to have access to any one of the following 1. Your account password (which is used to decrypt your encrypted key) 2. Your private key file. For additional security, app-based Google 2FA is compulsory which stops transactions in case your password is leaked. Currently, there are a few companies that are providing user-friendly multi-sig addresses for day to day use, such as BitGo, Bitpay, and Copay wallet.
  2. — Users using a muti-sig Bitcoin address or single sig address is given the encrypted private key to avoid copy attack. The conclusion is that users always keep control of their crypto. In the case of multi-sig, wallet users get the encrypted private key for the first address and the encrypted seed of the second address used in the multi-sig while the third key is kept with Cashaa. In the case of a single key address, users are given the encrypted private key. Ex: Electrum, MyEtherWallet, Metamask.
  3. — Cashaa wallet is designed to transact multiple cryptocurrencies on different chains to save its users from the hassle of installing or creating multiple accounts. Currently, you can store BTC, ETH, and CAS (ERC-20) with XRP, BNB, BCH, LTC, TRON, NEO, and other ERC-20 tokens coming soon. Now no more having separate accounts for your Bitcoin, Ethereum-based tokens or Ripple — all can be stored and spent from the same wallet.
  4. Cashaa takes compliance rules and AML very seriously. Our mission is to bring the power of decentralization to the 99% of good people on the planet, but at the same time make it difficult for hackers, fraudsters, scammers, and not allow the use of our platform. We have developed a 3-level KYC system based on your needs and user level, while we also monitor each address that comes in contact with our users to understand the risk associated with the address. It’s very easy for people and companies to hide their details on the internet, leading to scams and ransomware attacks. In a traditional system, banks are able to protect you when you try to do something which is suspicious, but it is very difficult with cryptocurrencies. But thanks to Cashaa’s compliance and AML policies, we are able to protect our users 24*7. As we do not control your crypto, you are free to withdraw your crypto and complete the transaction through another wallet (not recommended). However, to build a better world and protect average users, this is important and vital for most of the average users.
  5. Cashaa wallet can currently hold GBP and Euro, which is linked with SWIFT, SEPA, and FPS payment network. Users from more than 200 countries can send more than 150+ local currencies as well as receive withdrawals worldwide in any bank account in their local currencies such as NGN, INR, CNY, JPY, BRL, CAD and many more. USD deposit and withdrawals will be launched by the end of 2019.
  6. — Cashaa wallet allows its users to buy cryptocurrencies instantly with credit and debit cards, all over the world except for the USA. Due to our efficient and integrated system, we are one of the cheaper platforms when it comes to buying crypto through the card, with limits as high as 100,000 GBP.
  7. — Users using Cashaa wallet do not have to worry about missing the market highs and lows. You can buy and sell crypto within your wallet, without losing your control over it. Cashaa users can see the trade price of crypto and once you sign the transaction you will instantly receive crypto or fiat. This feature gives our users an integrated end to end simple and secure experience of investing in Bitcoin or buying it for real-world use. Your cryptos are with you, with the advantage of instant conversion into fiat which can be sent to more than 200 countries in your local currency.
  8. — Cashaa is a gateway to a full banking solution. Each Cashaa wallet is linked with a UK current account which can be accessed through internet banking within your Cashaa account. These UK current accounts are linked with physical and virtual Mastercards. You can send and receive international transfers, local payments or use it as your salary or savings account. UK current account features given by Cashaa are the same as bank accounts given by HSBC or any other bank. Due to our inbuilt linking of banking and crypto, crypto in your Cashaa wallet is safe as a decentralized wallet but at the same time allows you to convert into fiat and spend it anywhere in the world through your Mastercard in local currencies. Preregistration for this feature will start on 13th May at Consensus 2019, with the expected date to launch in Q3 2019.

Welcome to the new era of banking, where crypto and fiat will go side by side complementing each other without compromising the AML and compliance of existing banking as well as the emerging concept of decentralization with cryptocurrencies. Cashaa brings the best of both.

If you are interested to use something better than your existing bank, open your Cashaa account today.

The Cashaa Team

The Next Generation Banking Platform

Fund your Cashaa Wallet using SWIFT, SEPA, FPS, NEFT & RTGS from 200 Countries!

It’s been more than 2 weeks since the launch of our wallet services for personal users for crypto exchange, and we have received an overwhelming response and suggestions from our community to improve our services. In this article, we explained all the methods through which you can currently fund your account. To know the complete features of the Cashaa wallet for personal use, read this.

We currently have fiat wallets denominated in GBP, EURO, and INR, which users can fund in more than 200 currencies (ex. PHP, SGD, SEK) around the world using the following payment methods. Through the application, you can decide which wallet you want to fund, currencies other than EURO/GBP/INR will be converted into GBP.

1. FPS Transfer (the UK, only for GBP deposits)

Faster Payments Service (FPS) is a UK banking initiative to reduce payment times between different banks’ customer accounts from three days to typically a few seconds. This payment method can be used when you are making the payment from your existing UK bank account (including Cashaa issued account) to the Cashaa GBP wallet. FPS transfers will be reflected within a few minutes after the payment is done.

Deposit fee: Free for the amount above 1,000 GBP. Less than 1,000 GBP a fee of 2.5 GBP.

Withdrawal Fee: 2.5 GBP for any amount. 

Deposit and Withdrawals time: Up to 2 hours during working hours 9-5 PM


2. SEPA Transfer (Europe- Only for Euro deposits)

The Single Euro Payments Area (SEPA) is a payment integration initiative of the European Union for the simplification of bank transfers denominated in Euro. Countries covered are the 28 EU States: Austria, Germany, Netherlands, Belgium, Greece, Poland, Bulgaria, Hungary, Portugal, Cyprus, Ireland, Romania, Czech Republic, Italy, Slovak Republic, Denmark, Latvia, Slovenia, Estonia, Lithuania, Spain, Finland, Luxembourg, Sweden, France, Malta, United Kingdom, and Croatia. Several factors influence the time it takes for funds to reach an overseas account. However, standard time for most transfers is about 1 to 3 business days to your Cashaa Euro Wallet.

Deposit fee: Free for the amount above 1,000 Euro. Less than 1,000 a fee of 10 Euro.

Withdrawal Fee: 5 Euro for any amount.

Deposit time: 1-2  business days

3. NEFT, IMPS and RTGS Transfer (Indian User for INR Wallet)

With the help of local payment provider, we have made sure that the Indian crypto community has access to Bitcoin.  NEFT enables bank customers in India to transfer funds between any two NEFT-enabled bank accounts on a one-to-one basis.

We are working on reducing this fee, but as you know currently in India banking is restricted for the crypto community this is best what we able to offer at the moment. Compared to any other P2P exchange or any company in India with zero deposit fee-our prices are far less. We do not charge users a premium on bitcoin like other exchanges which results in the Bitcoin price more than 5-8% compared to Global price. You can check our bitcoin and another crypto price at  here

Deposit fee: 1.5% + GST ( charged by our local provider) 

Withdrawal Fee:1.5% + GST ( charged by our local provider) 

Deposit and Withdrawals time: Up to 2 hours during working hours 9-5 PM. 

4. SWIFT Transfer (Worldwide- In any local currencies)

SWIFT payments are required when you are funding your GBP wallet from another country than the UK. Normally such transfers take 3–5 business days. You can fund your GBP wallet with a SWIFT transaction from more than 210 countries after the KYC is complete.

Deposit time: 1- 3 business days

5. Debit or Credit Card (Worldwide- In any local currencies)

Users can use debit and credit cards issued by any bank having Mastercard or Visa logo to buy CAS tokens.

Deposit time: Instant

The Cashaa Team

The Next Generation Banking Platform

Cashaa — One Account for Old and New Money!

Bitcoin is a new kind of money system free from countries’ politics which gave birth to a peer to peer electronic cash system. Bitcoin’s market cap today is more than 100 Billion while the market cap of all the crypto in circulation is roughly 180 Billion, combining over 2000+ cryptocurrencies. There are currently 716 K Bitcoins (4% of circulation), 7M Ether (7% of circulation) and 1.2B Tether (64% of circulation) held in publicly known wallets of crypto exchanges while others are stored in crypto wallets controlled by users or other services. We can categorize the total users in three types:

1. Hodlers (Storage and Transactions): Users who use wallets like MEW,, Trezor and other wallets which gives them the private key and full control of their coins. These users are in an advanced stage and have a better understanding of crypto functionalities.

  • Funds are in the HODLers’ custody and only they can access it.

2. Traders (Storage and Exchange): There are two kinds of users on an exchange, the ones who are simply buying and using it as a wallet to store. Second, traders who are running their algos and moving markets. Most of these users are with centralized exchanges who control their coins. These exchanges have always been targeted and attacked or easily lost the coins (e.g. Mt Gox, Bitfinex, Quadriga CX, BTC-e, Coinsecure, Binance and many more).

  • You can take advantage of the market and act quickly.

3. Spenders (Transactions): User niche who are using Bitcoin as a payment method, but compared to the combined user base of crypto after combining all the 3 types, this type is less than 0.5%, as it’s not possible to use it directly as a payment method and it needs to be converted back to dollars.

There are a few useful apps which let you spend, which take care of all the conversion etc., and which are the reason crypto Mastercards/Visa became famous, connecting the two worlds, i.e. Wirex, Xapo, etc.

  • Allows to spend crypto anywhere in the world

The Cashaa account is an ideal solution for all existing users, as it provides a secure wallet with integration of a one-click exchange between crypto and fiat, as well as being fully connected with the UK banking system and linked to a Mastercard, making crypto adoption faster without compromising compliance as well as maintaining the concept of your keys, your coins.

  • Funds are in the HODLers’ custody and only they can access it.

As still, 99.5% of the world has to experience crypto, more businesses will be created with unique experience and business models to help the awareness and spread. But most existing and upcoming businesses are only working with crypto to crypto due to a lack of banking infrastructure.

At Cashaa, we have prioritized our business banking services and launched the bank account services in April 2019, to help the crypto business who are underserved by the banks.

Check out our Business Bank Account service and open your account in 10 mins. We are also working to open up countries like India which can bring a huge adoption in cryptoTo know what Cashaa is doing in India, click here to know about Vision Blockchain 2030.

The Cashaa Team

The Next Generation Banking Platform

CAS Token listing on Binance DEX — We made it!

Great News!

Our listing on Binance DEX will go ahead!

Our proposal to list CAS token on Binance DEX was accepted, and you will be able to trade CAS with BNB from 18 July, 12:00 BST onwards. This is definitely a big success for the whole team and community!

Many of you have helped us tirelessly, showing their support for the listing, engaging in the Binance forum, answering questions, helping each other in the swapping process, and make sure you all will benefit from the new chapter for CAS!

Binance DEX was launched in April 2019, and quickly emulated Binance’s success story of having become the largest-volume exchange, and became the largest decentralized exchange.

Binance DEX so far lists 80 assets; you can find the full list here. We are looking forward to getting involved in the Binance ecosystem including the other businesses that have listed their token, who can get a crypto-friendly business bank account with us.

Please find here more information about CAS, including its various utilities on our platform. We are proud that together with you, we are able to provide one of the most-needed products for the whole crypto space, including one of the few tokens with a real utility — just like Binance token!

If you still need to complete your token swap, please see here for the steps, as well as here for the FAQ.

To see the listing announcement on the Binance Forum, visit here.

Many thanks to all of you for your continuous support — good things come for those who wait, now the time is here!

The Cashaa Team

The Next Generation Banking Platform