People and businesses in need of crypto-friendly banking now have a new service to try. Cashaa is a London-based online platform that recently launched promising one account for old and new money. Its products are targeted at those who are underserved by traditional financial institutions.
Opening a first bank account can be problematic for young companies in many jurisdictions around the world. The business accounts offered by Cashaa are designed for small and medium enterprises and startups registered worldwide, not only U.K. or EU-based entities. The accounts will allow them to accept both fiat and cryptocurrency payments.
Cashaa’s Start plan allows businesses that already have a bank account to add a crypto payment option for their customers. It comes with cryptocurrency conversion up to £1 million and supports deposits and withdrawals in over 200 local currencies, including U.S. dollar, euro, British pound, and Indian rupee.
New Crypto-Friendly Banking Platform Cashaa Offers Personal and Business Accounts
The Standard plan offers a U.K. current account plus a free operations account linked with a Mastercard. It also provides crypto storage with easy conversion to fiat and support for local and international transfers. The online bank’s Advance plan is designed for crypto companies. It includes a UK current account, Swift and local payments, linked Mastercard and the ability to issue Iban numbers to customers.
Business clients can use Cashaa’s services to accept bill payments including across borders, online payments from customers at checkout and payments in physical locations such as retail shops and restaurants. The platform currently processes bitcoin core and ethereum payments through conversion to multiple fiat currencies.
The personal accounts offered by Cashaa provide users with a multisig wallet and the option to buy and sell cryptocurrencies. Leading coins including bitcoin cash are supported and there’s a flat fee of 1.49%. Users are also able to deposit funds via bank transfer in more than 200 countries and withdraw directly in local currency.