Cashaa is a crypto-friendly bank that is helping crypto businesses access crucial banking infrastructure. The bank has transacted billions of dollars using its solution. Now, Cashaa is partnering with Polygon, a layer two solution on Ethereum-compatible blockchain, to release a bridge. This bridge will allow users to quickly move their CAS tokens from Binance Smart Chain to the Polygon Network.
The crypto-friendly platform has its own native coin, CAS. CAS offers speedy processing, discounted setup fees, cheaper international wire costs, and rebate in exchange fees.
Cashaa, with its platform, wants to help crypto businesses access banking infrastructure. In fact, the platform has started offering personal accounts across the globe, starting with India.
To avoid the bottleneck for small transactions on the Ethereum network, Cashaa relies on Polygon to provide a solution to it. Moreover, through Polygon, Cashaa can prove lower transaction fees and enhanced security.
Also, CAS holders can leverage the Polygon’s full-stack scaling, minimizing transaction fees while transacting with CAS. Moreover, they also gain access to Polygon’s DeFi ecosystem.
On a side note, CAS holders can stake CAS on the Polygon network and earn up to 30% annually in CAS and MATIC tokens. MATIC is the native currency of Polygon.
In this announcement, Founder and CEO of Cashaa, Kumar Gaurav, said:
“Cashaa has been continuously scaling and now entering into giving personal accounts to increase the adoption of its CAS token, which requires cheaper transaction cost. Association with Polygon is another step towards the same.”
Cashaa will implement MATC tokens in the following products: Cashaa Earn and Cashaa Lend.