Cashaa now provides fiat gateway for Binance Chain

UK-based neo-bank Cashaa has developed a fiat gateway for Binance Chain to provide BEP2 tokens direct access with the world’s most liquid national currencies. With Cashaa integration, Binance Chain projects will immediately be able to allow their holders to buy and sell tokens in US Dollar, Sterling Pound, Euro, and Indian Rupees. 

Cashaa’s BEP2 gateway will link the Binance Chain with the UK Faster Payments (FPS), Single Euro Payment Area network (SEPA), National Electronic Funds Transfer (NEFT), Immediate Payment Service (IMPS) as well as Society for Worldwide Interbank Financial Telecommunications (SWIFT) for countries where the local network is not integrated, while the US’ local payment network Automated Clearing House (ACH) and Wire will be connected in the coming month. 

List of payment networks that will be linked with Binance Chain (BEP2):

Testing with the national networks with BEP2 token (CAS) is ongoing, and will go live on 12th April 2020, 18:00 GMT . The US Dollar will be available in May 2020.

Cashaa’s BEP2 gateway will also enable businesses to use the BEP2 gateway to build other financial products such as payment utility, payment gateway for merchants, issue debit and credit cards to spend their BEP2 tokens, and many more. As the native token of the Cashaa platform is CAS, it will be required to use our services, for example, to activate crypto with a national banking network, discount on transaction fees and much more.

Projects that want to be part of Cashaa BEP2 gateway can fill out the following Google form to apply or can get in touch with their relationship manager.

Apply here:

Quarterly bonus program is no longer applicable from 31st March 2020

The quarterly bonus program is no longer applicable from 31st March 2020

Dear Cashaa users,

Cashaa is going to launch its banking product for personal users and we are happy to announce that the team will be releasing the product details in the coming week.

After launching our business account, we had to work hard to scale our compliance system to provide crypto-friendly banking services to the masses. It took us more than 12 months to build a strong AML and CFT program, which is ready to be sent out to regulators and we are expecting it to be approved in the coming months.

As you all know, 20% of revenue coming from business users was distributed as a gift to the community based on the amount they staked for the particular plan. Going forward, the quarterly bonus reward will be cancelled for new users and staking is entirely for subscribing to the personal accounts as started.

However, this decision does not have any impact on users who had made the staking before 31st March 9:30 AM GMT, all such users will keep getting rewarded until their tokens will get unlocked.

Key points are:

  1. No quarterly bonus reward for staking done after 31st March 9:30 AM GMT.
  2. Users who have staked prior to 31st March 2020, will continue to receive the bonus. The snapshot of the total staked token of 31st March is considered as the total token stake until 31st Dec 2020, users will keep getting the reward in the same proportion.
  3. Staking will continue as it was for the personal product subscription.
  4. Bonus details for the quarter Jan- March 2020 detail as per plan is updated in the Quarterly reward sheet.
  5. Token burning of 5% of the revenue from the last 3 quarters will happen soon. Our token burn address is bnb1vzwvxnhshtr59kljyhx9q65dmwdy27yrs49lz2

We will release the personal account details with utility for CAS with robust token economics.

Stay tuned!

The Cashaa Team

The Next Generation Banking Platform

MXC Exchange Listing- Last 24 hrs remaining to complete the CAS deposit

MXC Exchange Listing- Last 24 hrs remaning to complete the CAS deposit

MXC exchange, is top 3 largest exchange, with a daily volume of more than $ 3 Billion USD. MXC has launched a deposit campaign for Cashaa (CAS). If you want Cashaa to get listed on MXC you have to vote now.Dear Community,

The campaign is live and extended for 48 hrs till 11 March, 14:00 (UTC+8).

What do you have to do?

1. Create an account on MXC, using the link or by visiting

2. Click on Assets -> My Assets -> Deposit

3. Select Cashaa (CAS) from the dropdown list and make a deposit of minimum 1 CAS to show your vote. (You can deposit as much as you want there is no max limit.)

Don’t have BNB to pay the network fee?

Ask for free BNB to pay the network fee from

1. MXC angels in MXC English Telegram Group

2. Cashaa admins in Cashaa Telegram Group @CryptoShaolin @dragonfly_c

3. Start a discussion with subject “BNB Network fee for MXC Listing” at


Deposit Reward: Get a 2% bonus.

Users who join the deposit campaign for Cashaa (CAS) during the deposit period are able to receive 2% of the net-deposit amount of the token after Cashaa is successfully get listed. For more detail click here.


You can withdraw CAS in case Cashaa does not win the deposit campaign. If you have any question join our To read MXC’s announcement with further detail click here.

Complete your deposit NOW and also ask other community members to do it!

Together we can reach the minimum required 2000 participants! Let’s show that we have enough token holders to get listed on an exchange.


This is an exchange choice to list CAS at their exchange, no Cashaa employee or management has any involvement in the listing activity. CAS is a public token and it’s the responsibility of users to manage their token.

Your Cashaa Team


Cashaa launched crypto-friendly EU Current Accounts

Cashaa launched crypto-friendly EU Current Accounts

We are proud to announce that Euro IBANs are available to corporate entities from 20th Feb 2020. Cashaa EU current accounts are an alternative to Euro-denominated bank accounts. Companies can easily do business transactions similar to any other bank using their account.

Crypto-related businesses are always underserved by banks. Our goal is to create a hassle-free banking experience for ICO, IEO and STO-backed companies, exchanges, wallets, and brokers.

Our crypto-friendly banking service platform went live in late 2019 with UK current accounts denominated in GBP. In less than 6 months, our business accounts are used by hundreds of crypto businesses around the world to access UK Faster Payments, BACS, CHAPS, and SWIFT.

We are working aggressively on increasing our compliance speed with partners to onboard as many companies as possible. Already more than half of Cashaa’s existing customers have applied for Euro accounts and are waiting to get on board.

Customers will get a dedicated IBAN in the company’s name, authorized and regulated by the Lithuanian Central Bank. The EU account will enable SEPA and SWIFT transactions with no monthly limits. Businesses and HNI based in EEA (European Economic Area) and outside EEA can choose between three plans, starting from €100 per month, and a one-time application fee of 100,000 CAS. Anyone can acquire CAS through the Cashaa Wallet via bank transfer, credit & debit cards, or Binance DEX.

For more details on the EU current account and to apply, click here.

Cashaa protecting crypto companies to survive the Fifth Money Laundering Directive and new FCA rules

We are excited to announce the launch of a “Crypto Business/Broker” account to ensure crypto businesses/brokers are compliant with the FCA’s new rules for anti-money laundering and counter-terrorist finance and Fifth Money Laundering Directive (5AMLD).

Our mission is to help crypto businesses get access to banking who have always struggled with traditional banks. Finally, in 2019, we started our operations in partnership with an FCA regulated entity intending to become the go-to banking services provider for underbanked industries worldwide.

“We launched our business banking services in 2019, but onboarding crypto businesses was a huge challenge, mostly due to changing compliance rules, sometimes unclear KYC and AML policies of the business or sometimes just loose behavior of founders. The Fifth Money Laundering Directive (5AMLD) became compulsory for European states from 10th Jan 2020, resulting in FCA to become the AML and CTF supervisor for crypto businesses. Based on my experience, the situation will get worse for many crypto companies out there who do not understand the implications. Our product is developed to adopt these new laws with reliable banking services to protect crypto entrepreneurs.” — Archit Aggarwal, CPO Cashaa

More than 1000 crypto companies have applied to us, mostly looking for a bank account and credit/debit card processing facility. We had turned down 80% of the applications because the businesses did not understand AML and CFT rules. Based on our experience of dealing with over a thousand crypto companies, we realized that most of the founders working in the blockchain or DLT space are are young, dynamic entrepreneurs, full of innovative ideas who mainly focus on engineering, but are lacking specialized compliance knowledge.

Cashaa’s “Crypto Business/Broker” account will have coded policies and systems to mitigate the risk of the business being used for money laundering or terrorist financing. We have integrated the KYC system for individual and corporate entities within the account for due diligence of each sender/receiver when doing transactions. Three levels of the KYC system will do intrusive due diligence, known as enhanced due diligence when dealing with customers who may present a higher money laundering/terrorist finance risk, also including PEP (Politically Exposed Person) checks. Our systems, together with our reliable banking partners, will be doing the ongoing monitoring of all the transactions happening to make sure they are consistent with the business’ knowledge of the customer and the customer’s business and risk profile.

“We have put our experience of dealing with hundreds of crypto businesses and extended our capabilities through technology to our customers to give them the freedom to innovate with minimum worrying about the new FCA rules or 5AMLD.” — Kumar Gaurav, CEO Cashaa

From 22nd January onwards, businesses will be able to get a crypto broker account for Pound Sterling (GBP) and Euro (EUR). Great Britain and Lithuania IBAN (International Bank Account Number) accounts with a unique reference number will enable FPS (Faster Payments Service), CHAPS (Clearing House Automated Payment System), SEPA (Single Euro Payments Area) and SWIFT (Society for Worldwide Interbank Financial Telecommunication) payments, allowing 3rd party payments up to 200 Million GBP.

There is no monthly fee to make sure small innovative crypto companies can use the product. The KYC checks and ongoing transaction monitoring will be done automatically in the account, to make sure each transaction is following the European 5AMLD. To make sure only serious companies are applying for the account, a small application fee of 100,000 CAS will be required. Interested businesses can acquire CAS from Binance DEX.

For further details, visit

Your Cashaa Team

January AMA Wrap-up with detail about future of un swapped CAS tokens

Thank you to everyone who joined our first community AMA of 2020 last Sunday, 5th January.

CAS SWAP results and next steps

Kumar started the AMA with notifying that we refunded anyone who had been charged a swap fee. Cashaa has not charged anything for the swap from ERC20 to BEP2 and never intended to make money from it, but wanted to motivate users to make the swap as soon as possible. As many people were slow, the fee had the impact to push people to swap, but we ended up not charging anyone.


SWAP Stats

To date, 92.70% of tokens have been swapped, and for 4.44% of tokens, users filed reports of hacks and losses.

A total of 87,167,992 CAS is unidentified including the lost and hacked reported.

Cashaa will assign a support staff who will go through all reported cases (lost private key, hacked, exchange exit) and with the mutual consensus with Telegram admins (Cashaa Knights), victims will receive the token. A separate email with more details will be sent to users who have filled the report through Google form. 

All the unclaimed tokens after the 25th of December 2019 will be frozen for 3 years under Cashaa’s custody. Users who own the tokens on an ERC20 address before the 30th of May 2019, can send the tokens to the SWAP address throughout the year and will get the BEP2 CAS on 13th Jan 2021 after deducting a fee of 5%.

The users who acquired tokens by any means after 30th May 2019 can also send the token to the SWAP address with an affidavit that they are the owner with a reason not to complete the SWAP on time and Proof of the purchase of the token.

Wednesday, 13 January 2021 (Completed all steps before 13 December 2020, 4:00 AM BST) — Fees:5 %

For complete list of SWAP dates please refer

No further support ticket inquiries will be entertained related to the SWAP. This announcement will work as a final notice to all users. If you are looking for support, instead of asking in the Telegram community chat, we encourage you to ask anything which you think will also help others at

No further support ticket inquiries will be entertained related to the SWAP. This announcement will work as a final notice to all users. If you are looking for support, instead of asking in the Telegram community chat, we encourage you to ask anything which you think will also help others at


2019 Review – Successes

Kumar continued by summarising our achievements in 2019.

Most notably, we launched our crypto-friendly banking services starting with UK current accounts and later added USD banking services in partnership with Metropolitan Bank.

We also enabled credit and debit card processing for crypto businesses, started Bitcoin trading operations in India, and most recently, in December, started to provide a crypto liquidity API with the lowest price in the market for GBP, EUR, and INR pairs.

Thanks to all our products getting high traction, we have started to generate revenue and CAS became one of the few tokens in the industry that have a real-world utility. 

As our focus was a lot on businesses rather than individuals, we also wanted to introduce an initiative for personal users and therefore started a staking program for personal users, to which we distributed more than 5 Million CAS tokens as a bonus from our revenue.


2019 Challenges & Solutions in 2020

1. Operations

As a new startup, in one the most regulated markets where most of the banks have clearly said no to crypto companies, Cashaa has done well with its limited resources as a new financial institution. While it was a highly successful year from a product launch perspective, there are a few areas where we could do much better. 

While we got a huge demand for our business accounts, with over 1000 applications, we were only able to onboard 34 companies so far due to changing compliance rules, strict reporting and imposing strict KYC for the companies and regulations in 2019. 10th Jan is the last date to abide by the Fifth AML Directive, which obliges member states to establish centralized national bank account registries or electronic data retrieval systems who do strict KYC procedures. Cashaa has worked with its customers and also made sure that it covers the requirement of it. 


To improve our reach in 2020: 

  • We have onboarded an additional banking partner for GBP, due to which we are expecting to double the onboarding rate.
  • It has been a compliance and operational challenge, with many founders of applying crypto startups not having the relevant compliance-related knowledge to get onboarded, and getting rejected right away. We need to use our experience and industry knowledge to help these cases and provide them a solution, which is why we are launching a crypto broker banking wallet. We are looking to start with 2-3 applications a day, and are expecting to increase the acceptance rate by 6-8 /day. If they opt for this account, Cashaa will also do the KYC/AML due diligence on their customers to make sure they abide by all the regulations, so that they can focus on their business. We are expecting the launch on 1st February.


Application processing fee 100,000 CAS
Monthly fees 0
Account approval time 24 hrs
Currency GBP, EUR
Account limit 200 Million GBP/250 Million EUR
IBAN type GB and LI with unique reference number
3rd party payments Allowed
Payment modes FPS, SEPA, SWIFT


  • As being a pioneer in the crypto banking space with a proven product we have started the process of our license to increase our profitability and reduce dependability. We are expecting to get our own authorization from FCA by Q2 2020. More details will be given in Feb AMA.

2. Wallet and exchange issues

There have been some confusions with our decentralized wallet with an exchange. We identified 3 issues: 

  • When users are buying crypto and it gets released to them, there is a network fee that is getting lost, resulting in more support tickets as users compare it with a centralized system where they see the exact purchase amount. In the case of Cashaa, when the transactions are smaller, the network fee can be up to 1-2% of the purchased amount, causing confusion that Cashaa has charged the remaining fee while it’s paid to the network. 

We have now launched in a mass-market like India where users are buying with smaller amounts worth like 10-20 dollars, which has caused unnecessary support tickets. Also based on support tickets we realized that users do not mind keeping their crypto at an exchange in these countries, as they feel they can lose their crypto more easily than the exchange. 

  • Second, when users are selling, we give the price, but it can happen that the transaction fails for various reasons, resulting in another source of tickets.
  • Third, storage issues. If users are buying, especially small amounts and accumulate them over time, e.g. 1 BTC over 6 months, and then try to withdraw this amount, it costs a lot of network fee. 

All issues can be solved if we build a centralized system like Coinbase or a similar wallet. It’s quite unfortunate and against the belief of decentralization, but we have to adjust to the market requirement, especially for the Indian market where we are expecting to onboard over 200,000 users in the next 18-24 months.

Learning from all the above issues, our team has already started working on a new platform which we anticipate to be ready in early April or before. 


3. Support

Support was another challenge, mostly due to the tech issues, and our rising number of transactions in India and globally. The rise in number also started affecting our other support departments including those for business users. 

We will have a dedicated Indian support center for our India operations, and a European support center for any issues outside India by March 2020. 

Also with the experience earned we are automating many support processes in our new platform to smooth the process for our users as well as our support staff.

We request our community to help us with the transition from our existing platform and help our support centers by not raising multiple tickets for the same issue. Also please refer to to find the answers to the common questions and start a new discussion which can help others.

4. CAS demand

2019 was a great year for Cashaa to finally make CAS a utility token linked with a business model that got validated. In 2020, we have to implement all our learning and increase the utility of CAS tokens through various products that we have built. 

  • We are aiming for 200,000 – 300,000 new users in the next 18-24 months, which require a minimum of 2,500 CAS each to activate the wallet.
  • Broker deal account: with 100,000 CAS to get banking services for crypto brokers in Europe within 24 hrs onboarding time. With the launch of our crypto broker account, we expect to drive quick demand of CAS tokens.
  • CAS is a must to acquire the UK current account, EUR IBAN banking (April 2020), and credit and debit card processing services. 
  • Continuous staking program which will also run throughout 2020, rewarding personal CAS holders by sharing fees from the business growth.  
  • Up to 35% discount for personal users and a 75% discount on the exchange fee. 
  • Launch of personal UK banking services in 2020. 


2020 Roadmap

To sum it up, these are our 5 most important things to do in 2020:

  • Centralized exchange platform and wallet.
  • Onboarding additional banking partners in the UK to increase the onboarding speed.
  • Acquire our own license to reduce our fees and increase profitability.
  • Launch of EUR IBAN banking for businesses
  • Starting personal accounts with UK banking services.

Live Q&A


When are you starting your mobile app for small businesses to accept payments?

In Q2 2020.


When will UK personal accounts be live?

It is scheduled for Q2.


Why don’t we publish Cashaa like PayTM phone in India?

Let’s focus on crypto trading in India, and not create rival of successful applications. We first need to have enough crypto adoption and acceptance of that before creating such a solution.


Are you planning a token burning?

The tokens we are collecting are given to users who are staking, instead of burning. If the question was concerning the swapping fees, as mentioned earlier, any deductions initially made to encourage a faster swapping (383,000 CAS) were given back, so we did not collect any fee.


When will staked tokens be distributed?

Now after the holidays, the team will go through the tickets raised related to it, and after everything is fine, tokens will be distributed this week. (Announced for 10th Jan)


What about distributing 25% of recovered hacked tokens to users who voted for the swap?

Yes, it will be done. Please be patient for that as the tokens will be locked for 12 months.


Will we still run CMC ads in India and when?

While we have a good volume, around equal to the combined volume of Paxful and Local Bitcoins in India, we are skeptical to start CMC ads now, as more retail users will lead to more support tickets. Everything is prepared for CMC, but we would not know yet how we would be able to cope with the retail user influx. Once our support is smooth, we can start at any time.


Is there any development concerning Metropolitan Bank?

No, while every bank wants to be part of the crypto space for its benefits, when you actually start working with them, they have their own reservations and compliance issues. Speedy communication due to different time zones is also an issue we are working on. 


When will the DEX integration happen?

We believe it will be achieved in the first quarter.


What will be covered by our future license?
It will cover the UK and Europe with currencies EUR and GBP.