UK-based Cashaa has aimed to expand its fiat currency support to more countries after extending the service to seven countries previously. In an exclusive interview with UnoCrypto, Amjad Raza Khan, co-founder and CEO of the firm said that the next phase for the firm is about looking into expansion of fiat support to even more countries and continents.
He adds “We are always trying to broaden our scope and horizons. Even though our company is already active throughout the world, we are constantly searching for new partnerships and collaborations to strengthen our position in the markets where we already operate.”
Cashaa had previously announced a partnership with Onramp to provide buying of crypto with 7 different fiat currencies including EUR, INR, AED, IDR, TRY, KES, and ZAR.
Cashaa’s Global Expansion Plans Stay In Tandem With Crypto Adoption Growth
Cashaa’s plans to get onto a global expansion stay in tandem with the growth of crypto adoption across the globe. According to a Chainalysis report, the introduction of the Bitcoin ETF in the US led to a rise in the overall value of Bitcoin activity in every location. This has led to a wider crypto adoption everywhere, though institutional-sized transfers and higher-income countries like North America and Western Europe saw more robust year-over-year crypto adoption increases.
In contrast, stablecoins that enable real-world use cases in low- and lower-middle-income nations, particularly in Sub-Saharan Africa and Latin America, have grown more in value year over year among retail and professional-sized transactions.
Cashaa Placed Well Despite A Volatile Market
The overall crypto market has seen great volatility recently. However, despite the industry’s norms, the revenue and business models of Cashaa are independent of market prices.
Amjad Raza Khan adds “We do not facilitate trading on our platform; instead, we encourage long-term asset holding and investment in order to generate compound interest rates on cryptocurrencies and stablecoins ranging from 3.5% to 34% annually.”
The approach explains why Cashaa has survived several bear markets throughout its eight years in the cryptocurrency industry.
“With loan rates as low as 0% p.a., we also provide the best borrowing terms, using the cryptocurrency that customers keep with us as security,” Amjad added.
Additionally, Cashaa also offers the highest fixed yields in the world on cryptocurrency and stablecoin assets in flexible and fixed-term products, ranging from 3.5% to 34% APR.
The ecosystem’s native token, $CAS, offers holders better annual percentage rates (APRs) and other advantages throughout the Cashaa ecosystem. At present the coin is trading up 2.3% as compared to the same time last day.