We are going Live in November 2018!

Dear Community,

I am glad to see lots of enthusiasm among our community members as we are on the edge to launch our platform. We had planned to release the Crypto wallet soon after the development team would come back from Diwali holiday in India. Some of our team members are already back from holidays and some are expecting to reach on 17th November.

As planned out that during the Diwali vacation in India, our business team in UK will work hard with partners, our regulators and try to get ready with the membership plans to bank the crypto community. I am happy to announce formally that we have finalized our business products for small startups starting in a garage or big exchanges or business with a Billion dollars in revenue every month. Yes, you got it right, Cashaa will able to bank them all.

The Crypto community has continuously been denied support from banks who just like to talk and sponsor blockchain events but in reality, do not want the blockchain revolution to happen. It makes sense, as this revolution might threaten their existence.

To speed up our mission to “Bank the Unbanked”, starting from the Crypto community, we have merged our Wallet release with the account plans. We will launch Cashaa first version on 28th Nov 2018.

Our development team is working on implementing the changes we left before going on holiday, as well as implementing the plans in the coming release. Therefore, the team is working on:

1. Changes suggested by me in Multisig Wallet after my second sprint demo

2. Integrating the plans to enable pre-registration for the right product

3. The process to onboard for Business and Individuals for IBAN accounts

We will start with 5 products for Businesses and Individuals:

All the accounts other than the Free account will require CAS tokens to function.

In the first release, users will get:

1. CMC wallet for Bitcoin, Ether and CAS tokens

2. Accounting and Auditing features

3. Banking product details with membership plans

4. Pre-registration for the Membership plans

4. Onboarding Business users for the banking services

5. Deposit CAS token holding period to activate the accounts

A few days ago our community asked us if we are going to be covered by the FSCS. We concluded our fund protection measures for Cashaa users. FSCS protection, which is a national protection scheme in the UK, protects customers funds in case a bank or financial institution goes bankrupt. This scheme is good for individuals as it protects 85,000 GBP (see here) in your account, similar plans exist in all countries to protect user funds. But we keep hearing stories about banks going bankrupt and asking for taxpayer money to bail them out from the government.

As we are launching accounts for businesses and individuals, and most of the businesses will have millions or billions of dollars, in reality, these schemes are not enough. As a transparent Fin-tech company and clear in our vision we decided to go with a 100% fund protection scheme with European Central Institutions. In our case, 100% users funds are deposited in a segregated account with Bank of England with no access to Cashaa to use, lend, invest your money or risk in any form.

We believe in decentralization, that’s why we are building systems which must not be centralized especially when its come to fund management. In case anything happens to Cashaa, it will not affect a single dollar or crypto of our customer. Unlike other banks or FI, we can’t use our depositor’s money for our personal gains. As a community company, we will depend on the fee paid by our members and CAS tokens owned by the company for future growth.

While Cashaa Marketing team is now preparing for the launch, I still believe the product like Cashaa needs a word of mouth and referral approach. You are the biggest strength of Cashaa and I would like to request each community member to be an active part of this revolution.

1. Please tweet to every company doing a token sale, and crypto exchanges or involved in crypto about there bank account situation. If not solved, they should start buying CAS tokens.
2. Spread the news through YouTube videos about what we are doing will uplift the entire crypto community and take them to the next level of revolution by cutting the high street banks. Contact the Youtube influencers and inform them about Cashaa products.
3. Talk in Bitcointalk & Reddit pages of crypto companies and groups, that there is now a solution. Unbanked days of legit crypto companies are over, CAS will be the token to bank them.
4. Talk in Telegram groups of ICO and Crypto groups about Cashaa product and give companies hope that now there is a solution for them to get banked. They should start accepting CAS tokens in their ICO or start buying CAS before it’s gone out of the limit of upcoming ICOs.

We are not a competitor of Ripple, PundiX, OmiseGo or any other tokens people have compared to us, we are here to help the entire crypto community. Be the part of the Cashaa revolution to Bank the Crypto community!!!

Feel free to reach us at hello@cashaa.com and meanwhile if you have any ideas for further improvement discuss in our Telegram group https://t.me/CashaaLtd

Thanks

Kumar Gaurav

Founder & CEO