What Is Cashaa (CAS)?

Cashaa (CAS) is a banking platform that provides users with a single account for managing the traditional real-world economy and cryptocurrency together. According to the whitepaper, the traditional banks and financial institutions lack knowledge and functioning of digital assets and have no infrastructure to support cryptocurrency transactions. Besides, the banking system has no bridge to convert cryptocurrency or any security, and managing multiple accounts and auditing them may become difficult for the users. The Cashaa (CAS) platform aims to solve such challenges in the banking system and help the users with a permanent solution.

Cashaa offers hybrid accounts for managing payments in traditional currencies and in cryptocurrencies like Bitcoin, Litecoin, Ethereum, Ripple, Tether, and Cashaa’s (CAS) native token. The in-built compliance and anti-money laundering (AML) policies in multisig wallets detect frauds on the blockchain address. Multisig wallets mean when a cryptocurrency wallet requires multiple signatures to access funds or perform a specific function. Also, wallets allow users to trade cryptocurrencies and convert them as per requirement. 

Cashaa also provides cards to connect cryptocurrency to global payment networks. The users can immediately block their cards if stolen or lost.

CAS is the native token of the platform. All ERC-20 compliant CAS tokens are now swapped to BEP-2 (a token standard for Binance Smart Chain). CAS tokens aim to have multiple utilities like activation fee, crypto exchange fee, transaction fee, and international transfer.  

History of Cashaa (CAS)

Kumar Gaurav, an Indian entrepreneur, founded the Cashaa platform in 2017. Gaurav received congratulations from many universities across the globe for his contribution to technology. He was nominated for the world’s top 50 innovators. Currently, Gaurav is the CEO of the Cashaa platform and chairman of the Auxesis Group.

The Cashaa platform has a maximum total supply of 1,000,000,000 CAS.