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Unicas’ cryptocurrency based neo-bank is now in three states

Unicas, the global cryptocurrency financial institution, opened its third physical bank branch in New Delhi on Wednesday. Through the bank branch Unicas will offer banking services based on fiat and cryptocurrencies to the general public, the company said in a press release. It currently has two other branches in Jaipur and Jamnagar in the west of the country, it said. Unicas is a joint-venture between United Multi State Credit Cooperative Society and the London-based Cashaa, a blockchain fintech. The company will open more branches in Rajashthan, the National Capital Region and Maharashtra going forward. "In order to accelerate the understanding of crypto among common people, it also runs knowledge centers within their physical branches. These knowledge centers provide in-depth information to people on cryptocurrency, blockchain, and banking functionality. The entire model of the financial institution has been created to offer a next-gen experience of banking to users and also create awareness while bursting any myths," the company said. Univas will offer customers the option to buy its native crypto-currency CAS, which can be used to access banking services like a savings account with a 9.67% interest rate and Cashaa's wider banking platform. “Cryptocurrency is the future. Currently, lack of awareness is the root cause of the speculations going around. Through Unicas, we are providing an opportunity for users to explore various facets of cryptocurrency and see how the asset along with the blockchain technology can take the entire banking experience a notch up. We have faith in the government and…

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