Crypto based banking platform Cashaa announced on Sunday that it has collaborated with premier crypto company Binance. It said in a Twitter thread that Binance is now connected to FPS, SEPA, NEFT, and SWIFT through Cashaa’s system. It also added that all the tokens based on the BEP2 protocol would have direct access to fiat currencies, which makes Binance DEX world’s first decentralized crypto exchange with a fiat gateway.
Cashaa stated that all the Binance DEX tokens would have access to popular fiat currencies like CBP, EUR, USD, INR, etc., through the Cashaa wallet. Also, Binance can now issue prepaid cards with spending the BEP2 tokens. In a post Cashaa released on its website a couple of days ago, it said,
“Cashaa’s BEP2 gateway will link the Binance Chain with the UK Faster Payments (FPS), Single Euro Payment Area network (SEPA), National Electronic Funds Transfer (NEFT), Immediate Payment Service (IMPS) as well as Society for Worldwide Interbank Financial Telecommunications (SWIFT) for countries where the local network is not integrated, while the US’ local payment network Automated Clearing House (ACH) and Wire will be connected in the coming month.”
In the final tweet of the thread, Cashaa also informed that CAS would be the native token of the Cashaa BEP2 gateway, and it will be required to access the network, add that “Let’s bank the unbacked crypto communities.”