Cashaa, a crypto-friendly banking wallet platform, today announced that euro IBANs will be available to corporate entities from February 20th, 2020. EU current accounts are an alternative to Euro-denominated bank accounts.
The crypto-friendly banking service platform went live in late 2019 with UK current accounts denominated in GBP. In less than 6 months, Cashaa’s business accounts are now used by hundreds of crypto businesses around the world to access UK Faster Payments, BACS, CHAPS, and SWIFT.
Customers will get a dedicated IBAN in the company’s name, authorized and regulated by the Lithuanian Central Bank. The EU account will enable SEPA and SWIFT transactions with no monthly limits. Businesses and HNI based in EEA (European Economic Area) and outside EEA can choose between three plans, starting from €100 per month, and a one-time application fee of 100,000 CAS. The CAS token can be bought through the Cashaa Wallet via bank transfer, credit/ debit cards, or Binance DEX.