Unicas Bank has opened World’s first Physical Crypto Bank in India

Hello Everyone

This year 2020 is left by only 1 day but and indeed this year has been great for India in terms of growth in crypto. This journey started in March month when the banking ban was removed by the court thereafter many Indians started joining the crypto space.

During the year many great things started and even a few exchanges got very good funding to expand further. Every other month's great things kept happening and even in the time of lockdown and covid pandemic crypto segment kept on growing. Bitcoin price is over 28k USD and this is bringing a huge number of new users daily.

There is another fantastic update that India has got the world’s first physical crypto bank branch this week.

src

Unicas, a joint venture between Indian online crypto banking platform Cashaa and United Multistate Credit Co-op Society, has launched a physical crypto bank branch in Jaipur, India. According to a Cashaa blog post on Dec. 28, the physical crypto bank branch in Jaipur is part of an initial rollout in 14 locations across three states before the end of January 2021. The Unicas JV is also working toward establishing a total of 100 branches by 2022.
src

src

This branch has been opened in Jaipur India that is a part of North India. This is a joint venture between the United Multistate cooperative Society and Cashaa and they named it Unicas Bank. They are going to have 14 branches across India soon and will make it 100 branches by 2022.

There is no crypto regulation in the country and despite it opening a physical bank for crypto is great to move. India is a big country and this will surely help the country to have a bigger crypto community. I am so excited about it and hope to visit the branch soon in 2021.

src

Unicas Bank will be providing banking services through both (crypto and fiat) and it would be so nice because even people who are not good in the use exchange platform and trade can easily but buy and sell by visiting the branch.

src

Overall I like the initiative and looking forward to having a branch in Delhi city (capital of India) soon so that I can experience crypto buying in a physical way. These days covid is the problem and once its better then I will surely visit the branch soon.

Thank you so much

Have a great day.