In an attempt to help adopt cryptocurrencies into public life, India has opened 14 in-person crypto banks. A joint venture between Cashaa and United Multistate Credit Co. allowed the creation of Unicas crypto banks. The first brick-and-mortar branch opened in Jaipur with plans to rapidly expand to 100 branches by the end of 2022.
Unicas aims to build, scale, and offer customized financial and crypto products for the local Indian markets, as per CEO Dinesh Kukreja. As of January 22nd, Unicas clients have access to crypto and fiat assets banking services. These include savings accounts, crypto exchanges and loans, and debit cards to easily spend the currency.
While online banking options are available through Unicas, the in-person branches are the first of their kind, offering convenient crypto guidance.
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