December 2, 2020
Roubini’s comment on Bitcoin
December 1, 2020
Leveraging Ethereum Blockchain for City Emergency Services
November 28, 2020
Use of Blockchain in Banking
Key Benefits of Blockchain in Banking
Very Fast Transactions
November 27, 2020
What is Bitconch?
Bitconch’s Plan for Distributed Commerce
November 18, 2020
Large Corporate Jumping Crypto Market
Large Banks are Eying Crypto
The entry of China Construction Bank
November 17, 2020
Blockchain technology fights climate change
November 14, 2020
Technology behind Cryptocurrency
Different Types of Cryptocurrencies
· Ethereum (ETH)
· Bitcoin Cash
· Litecoin (LTC)
· Other Cryptocurrencies
November 12, 2020
PayPal Entry into Virtual Currency Market
PayPal’s Crypto Plan
November 5, 2020
The DBS, headquarters is in Singapore. It is a leading commercial bank with a unique set of financial services. There is news that DBS could deal with bitcoin, ethereum, and bitcoin cash. The total asset of the bank is more than 551 billion Singapore dollars. It has a presence in 18 locations around the world including six locations in Asia. The last year earning of the bank was $3.18
DBS Cryptocurrency Exchange.
DBS Digital Exchange is the name of the planned cryptocurrency exchange. It will deal with crypto assets like
The DBS Announcement, Denial, and Expectations
The Monetary Authority of Singapore will regulate the functioning of the digital exchange. DBS is waiting for the green signal from the Monetary Authority of Singapore. Till then it has held up its official announcement.
November 2, 2020
Cryptocurrency has been in the limelight in the last few months. We saw corporate giants like Square, Robinhood, and Paypal embrace the digital currency. Besides, we saw Singapore’s DBS bank jump into the cryptocurrency market. A few days ago, the value of the cryptocurrency has left gold and silver behind. It has now become the most popular investment avenue in the world. Bitcoin has also crossed the $14,000 (a 33 month high) mark on October, 31. Interestingly, it’s the same day on which Satoshi Nakamoto released its whitepaper way back in 2008.
It is noteworthy that the Reserve Bank of India (RBI) had banned cryptocurrency in 2018. This was due to some incidents related to financial fraud. Latter the crypto-enthusiasts had taken the matter to the Hon. Supreme Court of India. In March 2020, the apex court, through a ruling has allowed the digital currency
The crypto-centric Cashaa and The United Multistate Credit Co. Operative Society tie-up has sent a positive vibe among the crypto community. Their joint venture is UNICAS. UNI from the Credit Cooperative Society and CAS from Cashaa. UNICAS is planning for the first crypto-friendly financial institution of the world. It will have physical branches for handling operations. Thus it will be the first financial group that would operate both online and offline. It is a very unique step taken by the team to deal with the virtual currency.
Cashaa is a reputed UK-based banking platform that deals with cryptocurrency. Besides, Cashaa is the trading name of Cashaa Technologies Limited. It is a UK registered company. It was among the top 50 emerging FinTech companies in the world. In recent months, Cashaa has become the world’s first global crypto-friendly banking system. After the UK, Europe, and the USA, it is now eyeing the Indian market.
The United Multistate Credit Co. Operative Society is a financial business having a good presence in Rajasthan, Delhi, and Gujarat. It is a Multistate Credit Cooperative Society. Before entering into the crypto world, the Cooperative Society had been offering different financial services. This include the likes of Mahila Shakti Bond, Kishan Bond, Pension Plan, and Education Bond. The cooperative society has a very good presence in Rajasthan, Delhi, and Gujarat. The society has 16 branches spread across these states. The total number of customers of the society is 56,000.
The Highlights of UNICAS
- Customers will become interested in their crypto deposits (in the same cryptocurrency as the deposit)
- Provision of loans against cryptocurrency
- Customers can open crypto savings accounts
- Customers can move and store cryptocurrencies directly into their accounts.
- Payments are also made possible through cryptocurrencies.
- The account holders can transact cryptocurrency. They can do it online or at physical branches.
In conclusion, cryptocurrency is marching ahead irrespective of economic crisis and COVID 19 situation. Gradually, it is being accepted by many top-rated global brands and several financial institutions. Awareness about the advantages of cryptocurrency among commoners has been increasing. Considering the potential of such a big market in India, this tie-up i.e. UNICAS will reign the crypto market and redefine it in days to come.