People and businesses in need of crypto-friendly banking now have a new platform to try. Cashaa is a London-based online bank that recently...
People and businesses in need of crypto-friendly banking now have a new platform to try. Cashaa is a London-based online bank that recently launched promising one account for old and new money. Its products are targeted at those who are underserved by traditional financial institutions.
Also read: Coin Time Machine Estimates Profit From Crypto Investments You Could Have Made
Cashaa Offers Startups Banking and Crypto Payment Services
Opening a first bank account can be problematic for young companies in many jurisdictions around the world. The business accounts offered by Cashaa are designed for small and medium enterprises and startups registered worldwide, not only U.K. or EU-based entities. The accounts will allow them to accept both fiat and cryptocurrency payments.
Cashaa’s Start plan allows businesses that already have a bank account to add a crypto payment option for their customers. It comes with cryptocurrency conversion up to £1 million and supports deposits and withdrawals in over 200 local currencies, including U.S. dollar, euro, British pound, and Indian rupee.
The Standard plan offers a U.K. current account plus a free operations account linked with a Mastercard. It also provides crypto storage with easy conversion to fiat and support for local and international transfers. The online bank’s Advance plan is designed for crypto companies. It includes a UK current account, Swift and local payments, linked Mastercard and the ability to issue Iban numbers to customers.
Business clients can use Cashaa’s services to accept bill payments including across borders, online payments from customers at checkout and payments in physical locations such as retail shops and restaurants. The platform currently processes bitcoin core and ethereum payments through conversion to multiple fiat currencies.
The personal accounts offered by Cashaa provide users with a multisig wallet and the option to buy and sell cryptocurrencies. Leading coins including bitcoin cash are supported and there’s a flat fee of 1.49%. Users are also able to deposit funds via bank transfer in more than 200 countries and withdraw directly in local currency.
Bitcoin.com also enables you to purchase BCH and BTC with Visa or Mastercard in both USD and EUR. To learn more about the service, check out the Buy Bitcoin page.
Are you using the services of a crypto-friendly online bank? Tell us in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article.
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At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
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