BlockTalks x CASHAA AMA Transcript!

Hello! BlockTalkers & Blockchain Enthusiastic!

We recently hosted an AMA with Cashaa, on 8th June 1 PM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by Janina Lowisz, Co-Founder & VP Corporate Services at Cashaa. So here we are up with AMA transcript, for those who missed the live session, this blog post will be saver & feeder of knowledge for them.

Introduction Questions Asked By BlockTalks

Q1. Could you please introduce Cashaa to our community in layman’s term?

Ans — See here:

Now to tell you more about Cashaa, we soon after we started, realised how crypto-related businesses are underserved by existing banks. So while we at first focused on crypto only, we decided to focus on business banking, with the goal to create a hassle-free experience for the entire crypto industry including exchanges, wallets, traders, and holders who are harassed regularly by existing banks, and charged huge fees. Thanks to our focus on compliance and AML and our comprehensive tools with which we were able to make crypto transactions compliant with regular banking. This gave us a huge advantage due to which we got partnerships with banks and other regulated companies. We are just starting with the underbanked crypto industry but our aim to become the largest banking platform in the world with Bitcoin and CAScoin.

Q2. What are the advantages of Cashaa to other alternatives in the market?

Ans — Our main strength compared to traditional banks, as well as compared to many challenger banks who decline crypto businesses, is that we can bank crypto businesses. We are one of the few crypto-friendly banking service providers worldwide, and among those, the only one with that wide range of services, while others are more limited, for example only offer one currency and/or have higher fees and minimum deposit requirements. Also, we are available for businesses worldwide (except sanctioned countries).

We offer
- GBP, EUR & USD accounts
- Card processing, powered by Paysafe
- Exchange services for BTC, ETH, CAS and USDT in INR, Euro and GBP

Upcoming services:
- Fiat on-ramp for GBP, Euro, USD and INR (June 2020)
- Institutional liquidity API in EUR/GBP/INR/USD for 5 top market cap assets. (June 2020)
- FX and international transfer (July 2020)
- INR bank account (September 2020)
- Cash handling from 43 branches in Indian Rupees

Mega launches:
- Cashaa banking platform (July end 2020)
- Personal banking (August 2020)

Q3. What are the major milestones Cashaa achieved so far & what are in future pipeline?

Ans — Aside the launches of the services we offer listed above, our achievements can be summed up with us having become the largest crypto-friendly neo-bank, providing services to more than 1400+ businesses from the crypto industry. While the above list also provides and overview of our milestones to come, you can learn more about each of them in our white paper, to know everything important about us:

In the roadmap you can see the launch of our own banking platform in July and the launch of personal banking in August as the major launches, these are what we see as the biggest upcoming milestones, and will also drive CAS demand.

Questions Asked on Twitter For Cashaa!

Q1. Cashaa expanded many features like get crypto paid in Fiat and in your banks, basically these features needs more legal frameworks to work! The service you are offering for enterprises clients or business accounts are checked with all legal aspects? Also, the card features need to be complied with all regulators, so how’s your approach ?

Ans — We are partnered with multiple regulated entities that are issuing GBP, EUR, and USD accounts (regulated by the FCA, Central Bank of Lithuania, and Colorado Division of Banking respectively), while we are in the process of getting our own FCA license.

Q2. It has been a culture that many projects intend to make a break through into the Banking Industry by just mere White Paper without a physical/realistic solution and real use case towards solving an impending problem in the Banking industry. Can you please tell me how Cashaa would positively disrupt the Banking sectorto bring a Win-win solution to the the project and investors seeking to use your platform to achieve their aim?

Ans — We have launched GBP accounts more than a year ago already, then later added EUR and USD accounts, and also have our crypto wallet and exchange, card processing, and more.

So we are already having strong, real use cases and are being used by many businesses, some of which you can see in the customer list here (selected few that we can mention, there are many more businesses banked with us):

Cashaa (

This also is what sets our CAS token apart from other tokens — as we have live users who all need CAS token to use our services, our token has a real demand, which is growing over time the more customers we have and the more services we add. So with the upcoming milestones on our roadmap, it will strengthen the demand further.

Q3. On your launch, you expect to be the banking backbone of the entire crypto industry in a short span of time. So now,has this become a reality?
Or still in the Works until now?

Ans — Yes, due to our long involvement in the crypto space, we have a wide network all over the space, so what we do got noticed quickly, and with our much-needed accounts, we were quickly able to get a high number of signups. So, yes, we do see ourselves as a leading banking service provider for the crypto industry, and are growing from strength to strength as we add more and more services, such as our personal banking and own banking platform in August.
So both is true 😉 yes, we have achieved a lot but there is also a lot in the works.

Q4. You recently announce the launch of Crypto Business/Broker Account. What is this account amd what benefits do businessman get from a Crypto broker account?

Ans — We introduced the broker account in the beginning of this year when AMLD5 started, to help crypto businesses easily comply with it: Our Crypto Business/Broker account has coded policies and systems to mitigate the risk of the business being used for money laundering or terrorist financing. We made sure that the system is compliant with AMLD5 which became compulsory in Europe.
The Broker account can be used by any business, crypto brokers or any business who wants to convert Bitcoin and also has the ability to send and receive payments from third parties can use this account.
More information here:

Q5. Cashaa launched crypto-friendly EU Current Accounts from 20th Feb 2020. Can you tell us What’s crypto-friendly EU Current Accounts?

Ans — Like our GBP accounts, our crypto-friendly EUR accounts give you all the features you need to run your business, like you would get from a traditional account with any high street bank.
The EUR accounts include SEPA payments and are issued by our regulated partners in UK and Lithuania.
More information here:

Questions Asked by our BlockTalks Community Members during live Session for Cashaa team!

Q1. What your plans in place for global expansion, are Cashaa focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this?

Ans — We are already available for businesses worldwide except for sanctioned countries. We are always more focused on building and developing first, also building banking partnerships, which got us where we are — first a solid foundation, and then initiatives to attract users after. We also have referral partners for that, where you can join as business or individual, and bring us business customers and get rewarded. If you’re interested in that, ping me here and I’ll send you more information.

Q2. During the RBI BAN in India, what are the Solutions that You Gave to the Community in India?
Because many Crypto-related business that time were Shut down and hopeless?

Ans — We enabled to buy and sell crypto with INR:

We are currently providing liquidity to all top exchanges in India and roughly 50+ big OTC traders. We also have retail users of 1000+ who are mostly CAS owners and getting cheaper crypto than regular users. As a B2B provider, we are more focused on users who are OTC dealers or exchanges. We plan to enter into the retail segment in India, for banking service with cryptocurrencies not only as exchange service. Also see

Q3. Explain more about Cashaa staking and lock up program.

Ans — We have a staking program of 100,000 CAS to allow personal users to get access to crypto-friendly international banking.
The opening of personal accounts will start in July 2020. Only 21,000 Personal premium accounts with Visa cards will be issued in 2020 to give our international banking advantages only to the early adopters.

Q4. What products has Cashaa built to increase the utility of CAS tokens ?

Ans — Vision of CAS:

CAS powers our ecosystem and is required by every user to access our services. The more we are growing, the more services we add and the more customers we have, the higher the demand of CAS will be. Especially with the upcoming services, most notably our own banking platform, 2020 will be an extraordinary year for both us and CAS.

As the native coin of the Cashaa platform, CAS has multiple utilities such as application processing fees, set up fees, discounted international wire, exchange fees, transaction fees, and access to crypto-friendly banking services restricted only for CAS holders. All these use cases will be present in our own upcoming banking platform.

Q5. When I’m roam around the website I saw “ Crypto License “ . What is the relation between CASHAA and crypto licence ? Can you please tell me the easiest way to get a crypto licence for newcomers ? And what type of benefits can we get from this CASHAA Crypto License ?

Ans — We can help you open you a company in Estonia and get a virtual currency operating license:

The virtual currency service provider license covers:

1. Virtual wallet service. It allows providing hot and cold virtual currency wallet service, generating or storing users keys for the purpose of keeping, storing and transferring virtual currencies;
2. Exchanging virtual currency against fiat currency. Licenses allow fiat to crypto, crypto to fiat transactions;
3. Exchanging virtual currency against virtual currency. Licenses allow crypto to crypto transactions.

The licenses allow:

To issue your own token (ICO);
Wallet services;
Exchange services;
To sell bitcoin via bank transfer and via debit/credit card;
To trade with utility token globally: Crypto to crypto, crypto to fiat, fiat to crypto transactions.

The process to open and get the license takes 3 months, so it is instead popular to instead buy a ready-made company which can get you started right away.

Q6. Is your aim, to become the number one (leader) in the platform crypto-friendly neo-bank ? and if so what will you say is your biggest strength to achieve it?

Ans — Yes, our aim is to become the number one go-to banking service provider for the whole industry.

Concerning our way so far, the most important point was our focus on compliance and AML and our comprehensive tools with which we were able to make crypto transactions compliant with regular banking. This gave us a huge advantage due to which we got partnerships with banks and other regulated companies. We are just starting with the underbanked crypto industry but our aim to become the largest banking platform in the world with Bitcoin and CAS.

Q7. Currently, even with good partnerships, hype, marketing, and work products, the price of all tokens will fall. So, what are your challenges and plans to make the CASHAA project a hot project?

Ans — The only way to support the token is to focus on real world adoption, getting as many businesses as possible to use our services, and adding more services to increase utility. We always focused on this side, growing the overall company and therefore also the token demand, instead of anything price-specific.

Q8. What do you think about traditional banks? Do you look at them as a competitor or as a partner?

Ans — Cashaa comparison with traditional banks:

1. We do not risk user deposits, all (100%) funds have to be kept with the central bank, vs regular banks keep only 1%-5% and risk other 95% for there own profit.
2. High street banks do not like Bitcoin/ crypto companies vs we are crypto-friendly and committed to providing services to crypto business.
3. You can manage cryptocurrencies from our account but not from your bank account.
4. You can spend cryptocurrencies directly from Cashaa account using our debit cards.
5. You can withdrawal local cash or do online shopping using your crypto balance.
6. You can convert your crypto into local currencies without risking it on unregulated exchanges.

Q9. I’m confused!!! Cashaa allows functions of the centralized system of traditional banking (SWIFT, Faster Payment and SEPA) and the decentralized system of cryptocurrencies! Is Cashaa a centralized or a decentralized platform?

Ans — We are focused on business banking, and our accounts include the same types of payments that traditional banks include: SWIFT, FPS, and SEPA. We *also* have a crypto wallet with exchange, where you can buy and sell crypto with fiat.

BlockTalks is all about Blockchains & Crypto. We do discussions about new Blockchain projects, the innovations & such more.