London-based blockchain startup Cashaa, will launch its global multi-currency crypto-friendly accounts for businesses and individuals.
The formal launch will take place on November 28, 2018.
“The Crypto community has continuously been denied support from high street banks who like to talk and sponsor blockchain events but in reality do not want the blockchain revolution to happen,” it said in a statement.
“To speed up our mission to “Bank the Unbanked”, starting from the Crypto community, we have merged our wallet release with the account plans – this first version of Cashaa will be launched on November 28, 2018.”
The startup has opted to go with a 100 percent fund protection scheme with European Central Institutions.
All deposits made through Cashaa will be kept in a segregated account with the Bank of England to ensure that Cashaa does not risk or invest their users’ money in any way.
Cashaa, which was launched in 2016, has five business products with different tiers for both businesses and individuals, they include: Blue, Basic, Smart Value, Premier and Advance. Each product membership is different for both individuals and businesses in terms of monthly limit.
It uses a peer-to-peer model that lets local traders manage fiat currency exchanges with the cryptocurrency feature of the whole transaction occurring in the background.