Cashaa (CAS)
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Back to all coinsWhat is Cashaa?
Cashaa was founded in June 2016 with the goal of connecting traditional finance and the cryptocurrency sector. The platform initially focused on developing a banking solution for crypto companies, and has since onboarded over 500 such businesses. The company's current objective is to extend its services to individual users worldwide, offering a secure and integrated environment for managing both fiat and digital assets.
The Cashaa platform includes a mobile app for Android and iOS, which provides a European-licensed service for buying, earning, borrowing, and spending cryptocurrency. Users can earn interest on their holdings, with rates up to 34% APR on stablecoins and up to 24% APR on Bitcoin and other crypto assets, with daily payments and no lock-in periods. The platform also allows borrowing against crypto holdings at rates starting from 0% p.a., enabling users to access liquidity without selling their assets.
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The native token, CAS, provides several benefits to holders, including higher interest yields, reduced borrowing rates, lower transaction fees, and additional monthly withdrawals. The platform also offers hybrid accounts for managing both traditional and cryptocurrency assets, along with dedicated banking services for crypto businesses. These features include discounted setup fees and lower international wire costs for CAS holders.