Unicas, a joint venture between United and Cashaa for establishing crypto-friendly financial institution with physical branch locations, has opened its second store in New Delhi. The company claims that the new branch, which is based out of Connaught Place, will allow users to avail facilities including savings account, loan against crypto assets and cash deposit withdrawals.
Unicas has already created presence in Gujarat, Rajasthan and Delhi (Nehru Place), and is firming up plans to foray in UP, Telangana, and other markets.
Dinesh Kukreja- CEO of Unicas said, “Our primary agenda was to also spread awareness about crypto, and share more knowledge, additionally making people familiar with the technology. We have attained the objective to a certain extent, however, to further proceed in this direction we are expanding our footprint through physical branches.”
Unicas has revealed that it accepts the CAS (a cryptocurrency created by Cashaa) token as its native crypto. Users with higher portfolio balance in CAS get advanced banking services along with lower rate of interest for loans and much higher interest on savings balance, the company stated.
With the currently operational physical branches Unicas has already witnessed a transactional volume worth Rs 150 crore. By the end of the fiscal 2022-23 it plans to clock a transactional volume worth Rs 1,000 across multiple operational outlets.
Kukrerja also maintained, “Being physical do not mean we are not online, our major customer acquisition is online, while our branches are creating trust in the masses and allowing less tech savvy people to become the part of the Crypto revolution.”