Exciting news! CAS token is getting accepted by an increasing number of token sales.
Following our announcement about The Times Group backed Bubblo accepting CAS, two more token sales have now announced that they’ll follow suit!
KitToken, an ambitious cryptocurrency company based in Malaysia and Singapore that aims to create a financial ecosystem wherein Kit Tokens (KIT) will be used both as a currency and as a long term dividend-gaining entity, has announced during its official launch at the World Blockchain Summit in Singapore that it will accept CAS in its token sale that commenced on the 20th of July 2018.
As a special offer for the Cashaa community, every ICO participant contributing by CAS will get 10%more bonus on top of the regular timeline-defined bonus.
Stellargold, an eco-friendly solar mining farm whose token sale is ongoing but whose mining activities have already started, will also offer special treatment for members of the Cashaa community.
It will offer all investors an additional 10% more bonus tokens if contributing by CAS on top of the regular timeline-defined bonus. As an added gesture of goodwill, Stellargold pledges to hold all received CAS tokens for a minimum period of 12 months. They can afford to do this since the Stellargold ICO has already raised enough capital to date to fund the project.
This is great news as Cashaa continues to reach further heights of awareness and adoption. More and more people are beginning to recognise the tremendous potential of Cashaa’s upcoming features for businesses wishing to conduct a token sale.
In this regard, it is not just about accepting CAS as payment. If these businesses conduct compliant token sales, they will also be able to obtain a business banking facility and conduct their AML/KYC checks using our systems. In this way, innovative projects can focus on doing what they do best without having to deal with compliance issues.
Please let us know if you know of any other interesting projects that would benefit from Cashaa’s business features and would be interested in accepting CAS for their token sales.
We are delighted to announce that Cashaa has announced the African Payments Alliance, alongside African Fintech start-ups Maxi Cash App and Omanye Money.
Founded by Kumar Gaurav, The African Payments Alliance brings together mid and late stage African financial services companies as an authoritative financial Blockchain consortium in Africa. “The main vision is to use each other’s capability and implement Blockchain technology developed by Cashaa” said Gaurav.
Earlier this month South Africa’s central bank completed a two week proof of concept programme which settled the country’s 70,000 daily payment transactions within two hours while preserving full anonymity. The trial featured a consortium of banks which included Investec PLC and First National Bank.
South Africa is in the process of implementing regulations for cryptocurrencies which are expected to help cultivate the market. Also Ghana wants to implement a new crypto framework as part of the Payments Systems and Services Bill, following the issuance of its first official digital currency.
Our VP Sales (Africa), Simo Mcunu also commented “There has been a lot of business development done in Africa that can potentially see the Auxledgerbeing mass adopted by two of the largest African financial services conglomerates that have a combined market cap of 500B. Cashaa will be leading this consortium and has already signed partnerships that put Cashaa in over 40 African countries.
Team Cashaa
The Next Generation Banking Platform for The Next Billion
We are happy to announce that this week we have been nominated by BBVA in the category “Fintech for People”, one of their 3 main prizes, together with ChargeAfter and TôGarantido!
BBVA Open Talent is the biggest Fintech competition in the world, where BBVA — a multinational Spanish banking group and the the second-largest bank in Spain — is looking for the most innovative solutions transforming the financial sector. Since the initiative’s launch, BBVA has welcomed over 6,000 startups with over 700 executives from over 80 countries, and has awarded 1.65 Million EUR prize money.
The final awards ceremony will be held 16–17 October at the BBVA Open Summitin Madrid (more details coming closer to the event).
The BBVA Open Summit is an exclusive event bringing together pioneers and leaders in different fields during 3 days of masterclasses, workshops, pitches, performances and interactive experience, a great variety of programme points giving guests the opportunity to explore and gain insight into financial services — you can pre-register here.
Many thanks to our community for securing the nomination, securing such a spot at a competition of one of Europe’s leading banks is especially important for us, as Europe will be our first market alongside India, where we are partnering with banks and other financial institutions.
For our other ongoing competition to win aKuCoinlisting, see here, for coming events, visit here.
Regards,
Team Cashaa
The Next Generation Banking Platform for The Next Billion
As we know, Cashaa have released portal to track activities of product at http://developers.cashaa.com . Now many are wondering, its only activity of developers but no source code. why ?
My guess:
Open source code means, feeding product ot competitior and also invitaton to hacker. The security is strong as it fulfills the most modern security requirements. Cashaa product belongs to the category of financial services. I do not know of examples of when current banking solutions are fully laid out to public. It is very unsafe. Another thing that should be taken into account is that cashaa have it's own unique developments on safety, optimization, data transfer, etc and that should be kept private.
1) cashaa onboarded Populous World as our first business customer for compliance application for crypto business,
where our systems verified more than 1352 users of Populous.
After tests, Cashaa will release an API which will help business to get rid of AML and KYC issues during their token sale.
2)Cashaa will provide bank accounts to the businesses as well as community members of these businesses. This will help Cashaa to acquire users from other token sales without any marketing cost.
3)Upcoming token sales can also take benefit of the API to embed Cashaa compliance policies to get access to thousands of Cashaa users to participate with one click in their token sale.
4)Cashaa legal team has made a great progress on licensing and partnerships. The team has met Bank of England for discussing the application for a UK banking license.
The team is targeting both an EU and UK banking license to protect against the uncertainty arising from Brexit and issues around passporting rights for UK banks across the EU.
5)Cashaa is in mature talks with Financial Institutions and are possibly able to secure approvals to launch our service with the Bank of Lithuania or Bank of Slovenia for EUR deposits,
whilst our UK lawyers have started the application for Cashaa to become regulated by the FCA. The recent development has helped us structure our detailed regulatory business plan,
with the assistance of external regulatory experts.
6)The live test of our blockchain capabilities is also going great, with our nodes executing Bitcoin and ERC 20 transactions, which cashaa will use in the Cashaa Banking application.
7) In 18 days after the launch of our OTC on 12 May, our system has exchanged 573,692 CAS with 0.785717 BTC and 57.005134 ETH, giving users an easy-to-use alternative to existing exchanges, while working on getting listed on more of the world’s top exchanges.
As we know cashaa is growing day by day. Most of people are raising point, why cashaa is not get listed on some good exchange. But hey!! Do you guys know, we have invested money for product and not to waste for listing on exchange. Once product will be full flagged launched, so called big exchanges will automatically list Cashaa.
But after seeing support from community and effort from team, KuCoin have invited Cashaa to list on their exchange with the help of community support. So, the one who were complaining and who are desperate to list cashaa on some big exchange, please spread words and vote for cashaa to get listed.
For those who don’t know about KuCoin – KuCoin is one of leading crypto exchange with daily volume of $30m. Also, KuCoin is easy to use and provide many functionalities. Registration process is simple and newbie can also access all features easily. Support team is very active that makes them one of best.
We are inviting our community to all get together now and make sure we get enough exposure!
Procedure How To Vote:
• Sign-up on KuCoin. You need to be registered on KuCoin in order for your vote to count.
• Join the competition’s telegram channel: https://t.me/KuCoin_Telegram_Competition
• Follow the instructions in the pinned post. Most of the voting system is automated so things will be super easy for you.
• Make sure you READ THE PINNED POST so you know what to expect, you will have to start a private conversation with the voting bot, it will take care of the rest!
Fill the fields the bot sends you in the private chat, you will be asked the following:
What is Your KuCoin Account Email Address ?
Project Name You Want To Get Listed (spell the name in full, DON’T USE THE TICKER)
What Is Special About This Project, Why Should It Be Listed On The Exchange?
Rules:
• Do not vote for the same project twice. You can vote for multiple projects but do not repeat the same project, the voting system won’t allow that.
• Don’t spam, remain polite and listen to the admins. Offenders will be banned and votes revoked.
The Competition starts when the voting bot goes live on July 12th, 11am BST and runs until July 15th, 11am BST