Thanks for participating in the MXC <> Cashaa Telegram AMA.
Our very own lovely Blockchain Girl talked to thousands of MXC Telegram community members. In case you missed the AMA here is the summary of the AMA.
Introduction section where Janina introduced Cashaa to MXC community:
|Cashaa is the largest crypto-friendly neo-bank based in the UK, providing services to more than 1400+ businesses from the crypto industry. Our partners include Paysafe Group and many others, including financial institutions and trusts regulated by the FCA, Central Bank of Lithuania, and Colorado Division of Banking.|
1. UK current account
2. Euro IBAN account
3. Card processing, powered by Paysafe
4. Exchange services for BTC, ETH, CAS and USDT in INR, Euro and GBP
|Please have a read through the white paper, especially the roadmap section, to know everything important about us and to be able to answer our quiz round later:
Janina picked 5 questions whose answers are below.
|1.If you summarize the Cashaa project in one word, what would it be? What are the core features that create the value of CAS. Can you share some highlights from them?
‘Neobank’, as we can give you all the features of traditional banks, but without excluding anyone based on the industry they’re in.
Since our launch in 2019, we are now the largest crypto-friendly banking service provider in Europe. With a growing utility, and more products being launched in the coming days, CAS coin demand is constantly growing as it is required by everyone in the world who is dealing in crypto.
|2. What is the ecosystem of Cashaa? What is the role of CAS in the ecosystem?
Cashaa ecosystem is everything about banking. We are building a better bank that understands and supports cryptocurrencies.
Currently, most of our services are only for the crypto businesses, including GBP and Euro IBAN accounts, card processing powered by Paysafe, and Visa Card issuance for Business.
We do have a crypto wallet for personal users with on-chain transaction monitoring, to make sure our users stay compliant and do not deal with bad actors in the crypto world. Our wallet allows storing and converting fiat (Euro, GBP, INR and USD – coming next week) to Bitcoin, Ether, CAS coin, and USDT.
Cashaa (CAS) powers the Cashaa banking ecosystem. As the native coin of the Cashaa platform, CAS has multiple utilities such as application processing fees, set up fees, discounted international wire, exchange fees, transaction fees, and access to crypto-friendly banking services restricted only for CAS holders.
|3. Does CAS have lock-up, and community activities to raise awareness and bring mass adoption?
We have a lock-up token for 3 years with an annual vesting period that belongs to the company, team and advisors, and community fund.
50 Million (5% of total supply) CAS tokens were dedicated to community events, which will be used for community activities and to reward great contributions.
There are many upcoming initiatives are coming for mass adoption for the awareness of Cashaa among billions of people, one of them which is already announced is Crypto Bulls Roadshow in India in partnership with the government to establish us as one of the successful crypto banks in India. More details at https://news.bitcoin.com/crypto-bulls-roadshow-india/
|4. It is challenging to build banking services, what are the problems Cashaa had to go through to build itself?
Crypto-related businesses are underserved by existing banks. Our mission is to create a hassle-free experience for the entire crypto industry including exchanges, wallets, traders, and holders who are harassed regularly by existing banks, and charged huge fees.
Thanks to our focus on compliance and AML and our comprehensive tools with which we were able to make crypto transactions compliant with regular banking, we got a huge advantage due to which we got partnerships with banks and other regulated companies. We are just starting with the underbanked crypto industry but our aim is to become the largest banking platform in the world with Bitcoin and CAScoin.
|5.Does Cashaa also support staking? If so, how can users stake their CAS tokens?
We have a staking program of 100,000 CAS to allow personal users to get access to crypto-friendly international banking.
The opening of personal accounts will start in July 2020. Only 21,000 Personal premium accounts with Visa cards will be issued in 2020 to give our international banking advantages to the early Cashaa adopters.
Follow Cashaa on Twitter and Join on Telegram to not miss the amazing banking services.
|1. Name 3 CAS utilities||Banking (Business), Account Limit (Business), Crypto Exchange Fee, Transaction fees, Int. transfer fees and FX Banking (Personal)|
|2. When we are launching Visa Card programs for exchanges and crypto companies for their community?||Q3 2020 (July-September)|
|3. When will Cashaa launch USD accounts for personal and business users?||Q3 2020 (July-September)|
|4. In which country does Cashaa help you to get a crypto license to start an exchange or crypto business?||Estonia|
Follow Janina on Twitter to keep in touch after the AMA @blockchaingirl