Crypto-friendly Neo-Bank Cashaa has launched ‘Personal Accounts’, which offer up to 24% interest on crypto assets. The feature along with the yield program enables users to store, buy, sell and earn interest on their crypto assets, the company said.
Through the new wallet, users can generate yields on crypto, stablecoins and fiat deposits in over 22 supported currencies.
The platform is providing banking services to crypto businesses globally, as well as physical banking services in India through Unicas. After providing essential banking services to businesses, the brand has launched Personal Wallet to promote better income for retail users.
According to the startup, interest will be paid on a daily basis on personal accounts.
“We are the largest commercial banking platform providing services to the crypto industry. Today more than 400 crypto brands are using Casa, including industry leaders from around the world. It is our responsibility to launch personal accounts with the best interest rates. This is an important milestone. We are taking another step forward in finding a balance between regulation and providing benefits to the crypto community, and expect Casa to continue to do well as a consumer brand as well.” Kumar Gaurav, Founder and CEO, said.
Casa Personal Accounts will consist of two modules. Firstly, with Flex Earnings up to 13% interest rate and without any locking, users will start earning interest as soon as they deposit supported crypto in the Casa Personal Wallet. Second, fixed deposits with fund locking period between one month and 12 months earning up to 24% interest rate, the firm said.
Fixed deposit will be available for both business and individual users. Users will also get a bonus interest rate of up to 4% if they choose how to earn interest in CAS Tokens.
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