Quote from: Theoboy on Today at 09:10:51 AM

Most of us are aware that the cryptocurrency market is really progressing in India despite the regulatory uncertainty. And right now the Indians has planned to or has already launched the first cryptocurrency Bank in India at the city of Jaipur
Unicas (The name of the Bank) is a joint venture between the financial services companies Cahsaa and United Multistate Credit Cooperative Society. In an official announcement Cashaa mentioned that Unicas is the very first Crypto bank in the world to open a physical branch and will be able to execute Crypto transactions and local currency through the same account. In addition to that will also provide the same services as local Bank such as buying and selling of Crypto assets and insurance of loans; isn't that great 😁. And also mentioned to expand it services across 14 branches by January 2020 and planning to accelerate the expansion of Unicas to open 100 branch by the end of 2022😁

What a great news to the crypto world most especially to the Indians

Source: https://www.financemagnates.com/cryptocurrency/news/worlds-first-physical-cryptocurrency-bank-opens-in-india/

I've a double thought on this news.

1. It's one of its kind in the crypto world. This means they would reap the benefits of first mover advantage, if there would be any. They'll also experiment for others.

2. I am eager to know how they plan to operate and what's their cutting edge business model that make them different from the traditional fiat banks.

Great indeed to have the first crypto bank.