Kasta is a mobile application that facilitates peer-to-peer digital payments in both cash and cryptocurrency, allowing users to send, receive, and swap funds instantly using mobile numbers or QR codes. The platform eliminates transaction fees for same-currency transfers and provides a secure environment compliant with EU regulations, addressing the need for fast and cost-effective cross-border transactions.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional methods for sending and receiving digital payments, especially across borders, often involve high transaction fees and slow processing times. Existing cryptocurrency solutions can be complex for beginners, creating a barrier to entry for widespread adoption.
Solution
Ka.app is a mobile application designed to facilitate peer-to-peer digital payments in both fiat currency (EUR) and cryptocurrency, enabling users to send, receive, and swap funds instantly. Users can transact using mobile numbers or QR codes, simplifying the payment process. The platform offers free transactions for same-currency transfers and utilizes secure, institutional-grade multiparty computation technology from Fireblocks to protect digital assets during storage and transit. Ka.app also provides an Easy Swap Engine, allowing users to automatically convert payments into their preferred cryptocurrency.
Target Audience
The primary target audience includes individuals seeking a fast, secure, and cost-effective solution for sending and receiving digital payments, particularly those interested in cryptocurrency transactions but seeking a user-friendly interface.
Features
- Instant peer-to-peer transfers of EUR and cryptocurrency using mobile numbers or QR codes
- Fee-free transactions when sending and receiving in the same currency
- Easy Swap Engine for automatic conversion of payments to preferred cryptocurrencies
- Support for multiple cryptocurrencies including Bitcoin, Ethereum, and KASTA
- Integrated Fireblocks technology for secure storage and transfer of digital assets
- KASTA token staking for earning up to 8% APY and reduced swap fees
- Optional Ka.app debit card for spending crypto and EUR
- Compliance with EU anti-money laundering (AML) regulations