Cashila

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Cashila O.O.D. s.r.o.
Cashila logo.png
Industry Payment Processor
FoundedJuly, 2014
HeadquartersLjubljana, Slovenia, Europe
Prague, Czech Republic
Founder(s)Tim Mitja Zagar, Jani Valjavec
Websitecashila.com
 Twitter  Facebook 

Cashila is a fully licensed euro and bitcoin payment processor. It operates as a Euro Wallet which lets users send money (pay bills, cash out bitcoins), receive money (third-party deposits), keep funds in it or convert to bitcoin.

Cashila was established in the Czech republic July 2014 and has conducted business out of Ljubljana, Slovenia since the beginning of 2015. They has so far joined forces with two reputable companies in the Bitcoin ecosystem - Mycelium and Trezor.

As of My 2016 the team behind Cashila launched a new service for buying and storing crypto assets named ICONOMI. [1]

Key features

Pay bills

Cashila allows users to send money to any SEPA bank account via bitcoin. Cashila converts bitcoin to euro and sends euro to the receiving bank account via SEPA.

Accept bitcoin payments

Users can receive bitcoins, which convert to euros as soon as they hit the Cashila account.

Accept euro payments

Users can receive euros, keep funds in the account, convert to bitcoin and send to a bitcoin wallet or to any SEPA bank account

Freelancers

Freelancers can request payments in bitcoin or EUR an submit the invoice to their clients [2].

Fees

1% fee on incoming transaction.

History

The service first launched (beta) in 2013. Officially it became available in the beginning of 2014.

On June 2, 2015 Cashila publicly announced its integration with the Mycelium Wallet app [1]. The both services got integrated even more in January 2016 with the Mycelium Wallet app update [2].

On May 12, 2016 Cashila announced their new Ethereum platform named ICONOMI, where users can buy, sell and store Ether, the digital token behind Ethereum with a SEPA transfer [3]. That was the pilot project for the ICONOMI's ambitious aim of creating the first fund management platform for the decentralised economy [4].

On August 25, 2016 ICONOMI announced Initial Coin Offering (ICO) [5] aiming to develop the ICONOMI Open Fund Management platform (OFM) and two types of new financial instruments - the ICONOMI Coin Traded Fund (CTF) and the ICONOMI Coin Managed Fund (CMF).

External Links

References

  1. Cashila now enables you to make SEPA payments from Mycelium Wallet
  2. Smoother and fee-free payments for Mycelium Wallet users
  3. Cashila is introducing ICONOMI, the user-friendly way to buy and store ether
  4. ICONOMI Whitepaper: Open Fund Management Platform to disrupt the investment industry
  5. ICONOMI Initial Coin Offering (ICO)