{"id":1871,"date":"2020-09-23T09:32:28","date_gmt":"2020-09-23T06:32:28","guid":{"rendered":"https:\/\/esatoshi.club\/?p=1871"},"modified":"2020-09-23T09:32:31","modified_gmt":"2020-09-23T06:32:31","slug":"cashaa-x-satoshi-club-ama-recap-from-19th-of-september","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2020\/09\/23\/cashaa-x-satoshi-club-ama-recap-from-19th-of-september\/","title":{"rendered":"Cashaa x Satoshi Club AMA Recap from 19th of September"},"content":{"rendered":"\n

Today we would like to tell you about the AMA session with our friends from Cashaa<\/a>. The AMA took place on September 19 and our guests was Janina Lowisz<\/a> (Co-founder).<\/p>\n\n\n\n

The total reward pool was $500 and it was splitted into three parts.<\/p>\n\n\n\n

In this AMA Recap we will try to\nsummarize some of the most interesting points for you.<\/p>\n\n\n\n

\n\n\n\n

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS<\/strong><\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> Hello, Satoshi club! We are happy to\nannounce that our guests today are from Cashaa.<\/p>\n\n\n\n

Janina Lowisz: <\/strong>Hello everyone! great to be here. ☺️<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Welcome to Satoshi Club 😀 @BlockchainGirl<\/a>.\nHow are you today?<\/p>\n\n\n\n

Janina Lowisz: <\/strong>Thanks everyone for joining! I’m very\nwell thanks.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Can you introduce yourself and how\ndid you start with Cashaa?<\/p>\n\n\n\n

Janina Lowisz: <\/strong>My name is Janina Lowisz, I am\nco-founder and VP Corporate Services of Cashaa. I joined when Cashaa started,\nin 2016, and overall I have been in the crypto space since 2013. I will help\nyou get banked, open a company, get a license, and get any of our other\nproducts and services.<\/p>\n\n\n\n

Q1 from Telegram\nUsername @stekbyte <\/strong><\/p>\n\n\n\n

The website says that\nservices is only available for the companies registered in the UK and Europe.\nAre you planning to expand your service area?<\/em><\/p>\n\n\n\n

Janina Lowisz: <\/strong>First of all, Cashaa is a neobank\nthat includes the following live services so far: <\/p>\n\n\n\n

UK Current account, EUR IBAN account, US Current account, Online payment processing, Debit and Prepaid Card issuance, FX and crypto liquidity.<\/p>\n\n\n\n

Our main offer is the UK current account, EUR IBAN account,\nand US current account – these 3 accounts are available for businesses\nworldwide, except for sanctioned countries, whereas our online payment\nprocessing and the debit and prepaid card issuance is only available for\ncompanies registered in the UK and EEA. if you don’t have a business from this\narea, we can register it for you, e.g. in the UK, Estonia, Malta, Cyprus or\nGibraltar.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>It includes only Europe Union\ncountries? EUR IBAN? For example, I live in Europe, but we are not EU.<\/p>\n\n\n\n

Janina Lowisz: <\/strong>EUR IBAN accounts are also available\nfor businesses worldwide, except for sanctioned countries, so if you live in a\nnon-EU country or your business is from a non-EU country, you can apply for\nthis account as well.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club:<\/strong> This is a very important package of\nbanking services. and it can be very interesting.<\/p>\n\n\n\n

Janina Lowisz: <\/strong>Thanks! yes, we are solving one the\nbiggest problems of the crypto space, the lack of crypto-friendly banking\nservices.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>What advantages my business will get\nfrom this account?<\/p>\n\n\n\n

Janina Lowisz: <\/strong>Our accounts include all the features\nthat you would get from a traditional bank account – without getting judged\nbased on the industry you’re in. traditional banks and other challenger banks\nwould decline your application if you are involved in crypto. That is the\nreason we exist, to provide a crypto-friendly alternative. with our accounts,\nyou get all you need to smoothly run your business. Here is more\ninformation on each account: <\/p>\n\n\n\n

EUR account: https:\/\/cashaa.com\/euro-current-account<\/a>\n<\/p>\n\n\n\n

USD: https:\/\/cashaa.com\/usd-current-account<\/a>\n<\/p>\n\n\n\n

GBP: https:\/\/cashaa.com\/UK-current-account<\/a>\n<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>It is a very necessary solution for\ntoday to combine crypto and banking system.<\/p>\n\n\n\n

Janina Lowisz: <\/strong>Yes, that is another advantage –\nhaving come from the crypto space ourselves, we understand the pain points and\nhave built Cashaa with that in mind, what a crypto business needs, and\ncombining traditional banking with crypto. As you mentioned international\nexpansion earlier, another point:<\/p>\n\n\n\n

In 2021, we\nwant to expand in the US and India. We already started issuing USD accounts\nregulated by the Banking Division of Colorado, to our existing business clients\nas beta users. Crypto brands who already started to use our USD accounts are\nNexo, CoinDCX, Unocoin etc. Concerning India, we are already the largest\nliquidity provider and providing offshore banking to most of the major crypto\nexchanges. We are now planning to launch a neobank to start crypto-friendly\nbanking in India regulated under the Reserve Bank of India.<\/p>\n\n\n\n

So, while we\nare alredy available worldwide, we are ongoing working on adding more products\nand services to become even better. ☺️<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>India, it’s great, but what about rumors\nthat India wants to ban crypto? Or it’s just speculations?<\/p>\n\n\n\n

Janina Lowisz: <\/strong>Speculations have kept coming and\ngoing for a long time, and in earlier years it was the same with other\ncountries, so the current situation is nothing new. eventually, nearly every\ncountry in the world over time has become positive and constructive, and\ndoesn’t ban it.<\/p>\n\n\n\n

Q2 from Telegram\nUsername @Jonahapagu <\/strong><\/p>\n\n\n\n

I see that your Your\nRegulatory approval for Integrated Banking Platform is being delayed and the\nlaunch of Cashaa Banking Platform (India) is being Moved to 2021\u2026what are the\nissues that lead to the delay of this regulatory approval and also the\npostponement of cashaa Banking platform (India) to 2021?<\/em><\/p>\n\n\n\n

Janina Lowisz: <\/strong>There are actually no issues, it is\nmore a normal process that such things can take longer than expected. we do\nactually have a few milestones upcoming earlier: we so far used regulated\npartners that were issuing the accounts, e.g. FCA-regulated partner EMIs in the\nUK. We have been able to move ahead so now in October, we have new accounts\ncoming up for GBP and EUR, new USD accounts in November, and personal accounts\nafterwards.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>How long does it take to get a\nlicense? On average.<\/p>\n\n\n\n

Janina Lowisz: <\/strong>This can vary, it can take a year for\nexample, in our case, we didn’t want to wait but we as early as possible launch\nthe business accounts. So\nwe used partners and were already able to launch with them more than a year\nago, starting with GBP accounts, then earlier this year, we added EUR accounts,\nand most lately, USD.<\/p>\n\n\n\n

In this way,\nwe are already helping many businesses get banked, and only need to move them\nto new accounts later. In this way, we already have around 2000 business\nsignups and hundreds already using our services, be it a business account or\none of the other services. In the last 11 months, we had hundreds of crypto\nbrands using us to run their banking operations, while serving more than\n250,000 individuals worldwide through 200 corporate customers.<\/p>\n\n\n\n

Q3 from Telegram Username\n@dorukhanelfs<\/strong><\/p>\n\n\n\n

About partnerships, could you tell us\nwhich ones are active and what are the advantages going to be from those and\nAny big Partnership?<\/em><\/p>\n\n\n\n

Janina Lowisz:<\/strong> <\/em>Our partners\ninclude PaySafe Group and financial institutions regulated by the FCA, Central\nBank of Lithuania and Federal Reserve these partners have trusted us to onboard our customers.<\/p>\n\n\n\n

Q4 from Telegram Username @kayaharn23<\/strong><\/p>\n\n\n\n

Is Cashaa a service that can be\nuseful for remittances and sending money to family members?<\/em><\/p>\n\n\n\n

Janina Lowisz:<\/strong> Yes, it can be used for that as\nwell. while our main focus in on business banking, we will launch personal\naccounts as well.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Is it already working?<\/p>\n\n\n\n

Janina Lowisz: <\/strong>Until then, as our accounts also have\na crypto wallet, you can just send crypto from individuals to individuals.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>So, I will have my personal acc and\nhow it will work?<\/p>\n\n\n\n

Janina Lowisz:<\/strong> Our personal banking will come in\nthe end of November. so far, we have been focused on business banking.<\/p>\n\n\n\n

Q5 from BTT username saner2324<\/strong><\/p>\n\n\n\n

How do Cashaa AML and Compliance\nsystem analyze the transaction models in Multisig wallets? How does the system\nreport suspicious activities?<\/em><\/p>\n\n\n\n

Janina Lowisz: <\/strong>We are using blockchain analytics and\nAML tools that are using over 200 algorithms and risk analysis scenarios, and\ncreate a risk score for each transaction. E.g. allowed, flagged and not\nallowed. from a certain level on it is not allowed.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Did you have any attempts to cheat\nthe system?<\/p>\n\n\n\n

Janina Lowisz: <\/strong>Every address and every transaction\nis going through these checks, and there is always a risk score.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>By the way, what is the total Supply\nCAS?<\/p>\n\n\n\n

Janina Lowisz: <\/strong>The total supply of CAS is 1 Billion\nCAS.<\/p>\n\n\n\n

Q6 from BTT username Nyosant<\/strong><\/p>\n\n\n\n

In these days of DeFi and ERC-20\nfrenzy, it is strange to see a project moving away from the ETH network. What\nwere the reasons for that full swap from the ETH chain to the Binance chain?<\/em><\/p>\n\n\n\n

Janina Lowisz: <\/strong>Last year we had moved to Binance\nchain due to its speed and low fees. Binance back then also had more businesses\nmoving to it for the same reasons, and seemed overall more business-friendly,\naiming to create a startup community around itself. Which was another reason, personally,\nI until now see businesses moving away from ETH to other chains that are more\nscalable, Binance chain but also others.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Understand so, that was full swap,\nyou didn’t leave any tokens on Ethereum network?<\/p>\n\n\n\n

Janina Lowisz: <\/strong>Anyone who still has old tokens can\ncontact us to get the swap instructions.<\/p>\n\n\n\n

\n\n\n\n

PART 2, TELEGRAM COMMUNITY LIVE\nQUESTIONS<\/strong><\/p>\n\n\n\n

The\nchat was open for 80 seconds; a lot of questions were posted by Satoshi Club\ncommunity. Our guest chose some of them. <\/p>\n\n\n\n

Q1 from Telegram User @qrath<\/strong><\/p>\n\n\n\n

Where did you get the inspiration for\nthis unique project idea? And what influence will we have on the crypto\nindustry due to the project?<\/em><\/p>\n\n\n\n

Janina Lowisz: <\/strong>We saw the big need for\ncrypto-friendly banking services as we ourselves started as a crypto business\nand knew how hard it was, and how every crypto business around us was in the\nsame situation. traditional banks will decline your application, and existing\naccounts keep getting cancelled. so, we decided to focus on banking, bringing\nbanking to crypto and other innovative industries.<\/p>\n\n\n\n

Q2 from Telegram User @nokoliyq<\/strong><\/p>\n\n\n\n

What is the team’s orientation and\ndevelopment plan for 2020 in the Defi region, why do you think Defi, this\nimmature term, has a future? What results do you expect to achieve?<\/em><\/p>\n\n\n\n

Q3 from Telegram User @Trendingairdrop_s<\/strong><\/p>\n\n\n\n

What is the future roadmap for Cashaa\nwithin this year?<\/em><\/p>\n\n\n\n

Janina Lowisz: <\/strong>In the rest of 2020, we will launch\nour new GBP and EUR accounts in October, USD accounts in November, and\neventually personal accounts.<\/p>\n\n\n\n

Q4 from Telegram User @Genoem<\/strong><\/p>\n\n\n\n

What will be benefit of holding cas\ntoken in future?<\/em><\/p>\n\n\n\n

Janina Lowisz: <\/strong>The current live utility of CAS:<\/p>\n\n\n\n

– Enhanced due diligence\nfees of 100,000 CAS for business accounts<\/p>\n\n\n\n

– Discount on exchange\nfees through our wallet<\/p>\n\n\n\n

Future,\nadditional utility of CAS:<\/p>\n\n\n\n

– Discount on all banking\ntransactions<\/p>\n\n\n\n

– Cheaper international\ntransfers<\/p>\n\n\n\n

– Discount on exchange\nfees of fiat and cryptocurrencies<\/p>\n\n\n\n

Q5 from Telegram User <\/strong><\/p>\n\n\n\n

Crypto projects were closed in many\ncountries due to improper regulation and licenses. How does your project solve\nthese problems?<\/em><\/p>\n\n\n\n

Janina Lowisz: <\/strong>We can help you open a new company\nand get a license in crypto-friendly jurisdictions in the EU and elsewhere.\nMost notably, FCA registration or authorization, and Estonian crypto license. https:\/\/cashaa.com\/company-formation<\/a>\n<\/p>\n\n\n\n

Q6 from Telegram User @haydennitzsche<\/strong><\/p>\n\n\n\n

What kind of unique features does\nCashaa have over its competitors on the market? How do you plan to increase the\ndemand of $ Cashaa tokens in the future?<\/em><\/p>\n\n\n\n

Janina Lowisz: <\/strong>Compared to traditional banks and\nother challenger banks, our main advantage is that we are able to bank crypto\nbusinesses. Compared to the few other crypto-friendly institutions, our\nadvantages are that we are focused on business banking, that we provide\naccounts in 3 currencies so far – GBP, EUR and USD, our affordable fees, the\nability to manage both crypto and fiat, and overall the amount of products and\nservices that we provide, a one-stop-shop for all a business needs.<\/p>\n\n\n\n

Q7 from Telegram User <\/strong><\/p>\n\n\n\n

Does Cashaa support any Staking or\nmining program?<\/em><\/p>\n\n\n\n

Janina Lowisz: <\/strong>Yes, we have a staking programme of\n100,000 CAS to allow personal users get access to crypto-friendly international\nbanking.<\/p>\n\n\n\n

Q8 from Telegram User @Eraybukucu<\/strong><\/p>\n\n\n\n

Is there Cashaa have plan to issue\nspecial cards for cashaa users, like traditional banks?<\/em><\/p>\n\n\n\n

Janina Lowisz: <\/strong>Yes, and we also offer a card\nprogramme: our business customers can have their own branded cards to issue to\ntheir customers.<\/p>\n\n\n\n

Q9 from Telegram User @Termuxnih<\/strong><\/p>\n\n\n\n

How Many Cashaa Offices are scattered\nin the World for people to Ask and Consult?<\/em><\/p>\n\n\n\n

Janina Lowisz: <\/strong>Our headquarter is in London. We also\nhave partners around the world that can help you get onboarded and answer your\nquestions in-person: https:\/\/cashaa.com\/business-account<\/a><\/p>\n\n\n\n

Q10 from Telegram User <\/strong><\/p>\n\n\n\n

What is your long-term vision about\nthe gaming industry which Cashaa working on? Are you afraid someday there will\nbe another project with more innovative technology can replace Cashaa? Because\nwe can see many crypto projects related with this concept recently.<\/em><\/p>\n\n\n\n

Janina Lowisz: <\/strong>We are banking gaming businesses as\nwell. the large majority of our signups are crypto businesses, but we have a\nfew hundred signups from gaming and gambling as well.<\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

Everyone\nplease join our telegram news channel, our telegram community chat, and follow\nCashaa, Kumar and myself in twitter. 😉<\/p>\n\n\n\n

News\nchannel: https:\/\/t.me\/cashaanews<\/a> <\/p>\n\n\n\n

Community\nchat: https:\/\/t.me\/CashaaLtd<\/a> <\/p>\n\n\n\n

Twitter:\n@yourcashaa, @kg_Cashaa and @blockchaingirl<\/p>\n\n\n\n

\n\n\n\n

PART 3, QUIZ AND INFO<\/strong><\/p>\n\n\n\n

As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about Cashaa. A link to a Quiz form were\nsent into the chat. Participants had 10 minutes to answer. 300$ were\ndistributed between winners.<\/p>\n\n\n\n

Q1.<\/strong>\nIs CAS token required to open an account? <\/p>\n\n\n\n

A)<\/strong>\nYes<\/em> \n<\/p>\n\n\n\n

Q2.<\/strong>\nWhich company offers one dashboard to manage BTC, ETH, USD, GBP & EUR\naccounts? <\/p>\n\n\n\n

C)<\/strong>\nCashaa <\/em><\/p>\n\n\n\n

Q3.<\/strong>\nBusinesses from which countries can open an account with Cashaa? <\/p>\n\n\n\n

D)<\/strong>\nWorldwide except sanctioned countries<\/em>  <\/p>\n\n\n\n

Q4.<\/strong>\nWhat industries are excluded with banking with Cashaa? <\/p>\n\n\n\n

D)<\/strong>\nNone of the above<\/em><\/p>\n\n\n\n

For more information and future AMAs, join our Social Media\nchannels: <\/strong><\/p>\n\n\n\n

English Telegram\ngroup: https:\/\/t.me\/Satoshi_club<\/a>\n<\/p>\n\n\n\n

Russian Telegram\ngroup: https:\/\/t.me\/satoshi_club_ru<\/a>\n<\/p>\n\n\n\n

Spanish Telegram\ngroup: https:\/\/t.me\/satoshi_club_spanish<\/a>\n<\/p>\n\n\n\n

Telegram Channel:\nhttps:\/\/t.me\/satoshi_club_channel<\/a>\n<\/p>\n\n\n\n

Website: https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n

Twitter:\nhttps:\/\/twitter.com\/esatoshiclub<\/a>  <\/p>\n\n\n\n

Our Partners: <\/strong><\/p>\n\n\n\n

Cashaa Community:\nhttps:\/\/t.me\/CashaaLtd<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

Today we would like to tell you about the AMA session with our friends from Cashaa. The AMA took place on September 19 and our guests was Janina Lowisz (Co-founder). The total reward pool was $500 and it was splitted into three parts. In this AMA Recap we will try to summarize some of the […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/1871"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=1871"}],"version-history":[{"count":1,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/1871\/revisions"}],"predecessor-version":[{"id":1873,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/1871\/revisions\/1873"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=1871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=1871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=1871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

Janina Lowisz: <\/strong>Yes, we do have plans for defi as\nwell – as the first crypto-friendly neobank, who other than us as the right\nexperience from all the past years, to now provide compliant defi services 😉 lack of compliance is one of the existing issues in\nthe space, and we can fix that – make sure you join our news channels to stay\nup to date concerning our announcements in this area. Make sure you join our telegram news\nchannel here: https:\/\/t.me\/cashaanews<\/a> and\nfollow us on twitter @yourcashaa for all the latest, be it defi-related or\nother announcements.<\/p>\n\n\n\n