Cryptocurrency Firm Cashaa To Open Physical Bank Branches In India

British cryptocurrency company Cashaa and United Multistate Credit Cooperative Society plan to open physical branches in India, where customers can buy digital assets.

Initially, North India will open 34 branches of the "cryptocurrency bank", and later their the number will be increased to 100. In such branches, users will be able to buy, sell, store and transfer cryptocurrencies and other digital assets. It is also planned to open training centers for cryptocurrencies in the branches of the United Multistate Credit Cooperative Society. Cashaa CEO Kumar Gaurav (Kumar Gaurav) stated:

“Most people in India don't know about cryptocurrencies, or have the wrong idea about them. They are used to using physical currencies and trusting government. India's economy still relies on cash, despite the desire to switch to cashless payments. We're going to fix these issues, which slow down the adoption of cryptocurrencies ".

Recall, that India is preparing a complete ban on cryptocurrencies. but, Kumar Gaurav believes, that all these messages are just speculation to attract attention. The bill is unlikely to hinder the activities of Cashaa.