Kassio Unveils Cryptocurrency-based Banking Services in India

Kassio, a global crypto asset management platform, has announced the debut of its services in India to assist consumers to get more value out of their crypto assets than merely trading.

Kassio provides quick crypto-backed loans as well as interest profits on crypto-based fixed deposits up to a 13% annual percentage rate (APR). Also, it allows users to shop with a Kassio card while using their crypto.

In addition, Kassio, which launched in 2020, intends to meet all crypto demands by allowing users to “earn, borrow, shop, or trade.”

“Our earn product allows customers to earn compounding growth on their assets even in the current market crisis,” said Bharat Vivek, co-founder, and chief operating officer of Kassio. “Our borrow product allows users to build liquidity without losing their pricing positions.”

Additionally, Kassio stated that since its beta version went online in April, it has registered over 30,000 applications on its platform.