An Indian bank is preparing to start providing crypto banking services at its physical bank branches. Customers can buy bitcoin and several other cryptocurrencies at these branches with Indian rupees, open savings accounts with crypto wallets, make loans against their cryptocurrencies, and more.
Crypto Banking at Physical Bank Branches in India
Cryptocurrency users in India will soon be able to visit physical bank branches for crypto banking services as well as learn about cryptocurrency investing. This is due to a partnership, announced Monday, between crypto banking platform Cashaa and The United Multistate Credit Co. Operative Society (United), as part of Cashaa’s expansion plan in India.
Dinesh Kukreja, Managing Director of United Multistate Credit Co. Operative Society, will be the CEO of the joint venture between the two companies. The announcement details:
The joint venture, Unicas, will build the world’s first crypto-friendly financial institution with physical branches and…