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.