Indian bank making entry in Crypto is a good move for crypto Industry
Hello Everyone
Although 2020 has been so good until now for crypto but it seems that last quarter is even better because of a few things happening good in the crypto market. First is obvious that bitcoin has made it all time high after the 2017 bull run and much positive news is moving about. Ethereum 2.0 launch is in process and will be live soon. These two are some major global news that's making positive sentiments in the crypto market and other great news is coming from India.
Indian bank which is a scheduled bank in India has tied up with the Casha platform and they are going to deal with cryptocurrencies in their 22 physical branches soon. This is something amazing because its the first time when a bank has decided to provide crypto services in the branch.
The joint venture, called UNICAS, will offer crypto savings accounts; lending with gold, cryptocurrency, and property as collateral; and crypto buying and investment.
At launch, UNICAS will list six major cryptocurrencies for purchase with Indian rupees: bitcoin (BTC), ether (ETH), bitcoin cash (BCH), EOS, litecoin (LTC) and XRP. Binance coin (BNB) and Cashaa (CAS) will also be offered.
I am so excited to see it happening soon and since the bank will offer a crypto saving account so I will try to get one once its available. Such initiative by a bank means a lot in a country where Govt doesn't have a clear stand for crypto and the bank is going to make it available for everyone. This will help so many people to enter the crypto space because people trust banks more than any financial body.
Initially, the bank is going to offer some major crypto coins and they might add more coins later. I also see it as a positive move because later we can expect crypto payment in the country which will be another milestone. After all, once crypto becomes part of our daily life then it will lead to mass adoption.
These days when Bitcoin has gone beyond 15k USD that has given attention to so many people to look into it and a kind of FOMO has been there in the market.
I hope to see much more in this and also expecting it to happen soonest possible
Thank you so much.
Have a great day.
Banks will get into crypto after all and the bad part is that they will act pretty much the same they did with fiat money.
Posted Using LeoFinance Beta
you're right but this way crypto will get more users because no matter how banks work but still they have more trust by the people on them.
Posted Using LeoFinance Beta
https://twitter.com/Bhattg18/status/1325496869305245703
I don't like banks at all, but I do understand that we can go to mainstream only through them... And these are great news for everyone in India, and a great step forward to mass adoption of crypto!
Made in Canva
@thisisawesome Moderator
This is Awesome Content, and it will be manually curated with an upvote of 65% from @thisisawesome (will be done today), and it will also be included in our Awesome Daily Curation report in category Awesome CTP Curation for more visibility.
The goal of this project is to "highlight Awesome Content, and growing the Hive ecosystem and the CTPtalk tribe by rewarding it".
Source
Posted Using LeoFinance Beta
Even I dont like the way banks work but we can't deny the fact that they are the ones who people trust more so it will help crypto to get more users and investors which is certainly needed. Thanks my friend.
Posted Using LeoFinance Beta
This post has been manually curated by @bala41288 from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share 80 % of the curation rewards with the delegators.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
Read our latest announcement post to get more information.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
Thanks for support @bala41288
Posted Using LeoFinance Beta
@tipu curate 2
Upvoted 👌 (Mana: 42/70) Liquid rewards.