Free Press Journal reports Fintech firm Cashaa and United Multistate Credit Cooperative Society of Rajasthan started a crypto bank that would enable users to have their transactions through cryptocurrency and fiat from one account.
It is said the partnership will make it possible for Cashaa to access United’s regulatory licenses, its physical branches, and overall banking infrastructure.
The bank named Unicas will initially start its services online and through 14 branches across NCR, Rajasthan, and Gujarat in January next year. It has plans to expand to 100 branches by 2022.