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Cashaa Launches Purchasing of Cryptocurrency With Visa and Mastercard

Crypto

Cashaa Launches Purchasing of Cryptocurrency With Visa and Mastercard

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After launching its Business Banking services earlier this month, Cashaa has announced the launch of its credit and debit card functionality to allow users to buy Bitcoin, Ethereum and CAS securely with Mastercard and Visa. The service is accessible on Personal and Business accounts all over the world except the USA.

“This functionality was regularly asked by our existing personal users from more than 109 countries,” Kumar Gaurav, CEO at Cashaa revealed. “There is no major wallet like Blockchain.info or Bitgo that are offering this service, while the ones who are offering it, are charging higher markup fees on Bitcoin.”

Lower Fees 

Gaurav thinks the introduction of the service will allow their wallet users to buy crypto as an e-commerce experience without paying high fees within their multi-sig wallet. Furthermore, there won’t be hidden or markup fees on Bitcoin price.

Existing industry average prices when buying through cards are about 9-12% which comprises the card processing fee, platform fee and most importantly, a markup on Bitcoin price. However, Cashaa’s card processing fee for European cards will be 4% while for non-EU cards, the cost will be 5%.

Gaurav explained the platform would also charge a service fee of 1.49%, which can be reduced to 0.75% for personal users and 0.40% for business users if paid in CAS tokens. Apart from the lower fees compared to existing services and transparent pricing, users can also enjoy higher limits up to 10,000 Euros for card payments.

Business, Banking And Fiat

As Cashaa’s focus is on business banking services, they are also working on an API and plugin solution for exchanges and other wallets which bank with them to enable them to sell crypto via debit or credit card to pass them the advantage of their cheaper fees.

For personal users, Cashaa currently has fiat wallets denominated in GBP and EURO, which users can fund in more than 200 currencies (ex. PHP, INR, SGD, SEK, EURO, GBP) around the world. Through the application, users can decide which wallet they want to fund, currencies other than EURO and GBP will be converted into EUR or GBP based on your selection during the deposit process.

Frisco d'Anconia

Frisco d'Anconia is a journalist by profession and a Free Market Policy analyst. Through Africa Youth Peace Call which he founded in 1997, more than 2000 African youth were educated in Free Markets Economics and entrepreneurship. Many of these people have moved on to start businesses and institutions to advocate for market reforms in Africa. In 2007, he won the 1st Prize of the Mont Pelerin Society Essay Competition for Africans under 30 with an essay on Ghana's Telecommunication Liberalization. This man single-handedly brought Bitcoin/Cryptocurrency and Libertarianism to his native Ghana. Since 2011, he has been spreading Blockchain technologies in Ghana through his Liberty and Entrepreneurship Camps. He has written for the Cointelegraph, CryptoCoinsNews, Core Media, Bitcoinchaser and others with the pen name Frisco d'Anconia. From 2016, he is travelling through Africa promoting and writing about Blockchain technologies and its communities for the Crypto journals. So far the Cryptotraveler/Cryptovagabond as he's popularly known has been to 22 African Countries attending conferences, organising Meet-ups and promoting Blockchain Projects. He lives on, and solely earns Crypto and has no bank account. He ardently holds that Blockchain technologies are the answer to Africa's copious malaise. Currently, Mauritius is his base where he runs Qubitica LTD, a Blockchain Company as CEO, and as the Managing Editor of QBITtimes. His interests are Economic Freedom in the world, Fintech, writing, teaching, travelling and children, and has two beautiful daughters.

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