Cashaa, has promoted its CTO Amjad Raza Khan as the new Chief Executive Officer (CEO) as the company strategically shifts its business model.

NEW DELHI, May 30 (The CONNECT) – Crypto businesses neo-bank Cashaa, has promoted its CTO Amjad Raza Khan as the new Chief Executive Officer (CEO) as the company strategically shifts its business model, discontinuing banking services for crypto and other high-risk businesses.

The company is now focused on introducing an all-in-one wallet that will allow users to buy, spend, earn yields, and take loans on crypto, all aimed at increasing the adoption of Cashaa’s native token, CAS.

Drawing on his extensive experience in the fintech and crypto sectors, Khan’s immediate plans include rolling out Cashaa’s wallet service with AI-driven earn and borrow programmes across seven markets including Europe, UAE, India, Indonesia, Turkey, South Africa, and Kenya. This will be followed by extensive marketing and customer outreach efforts to make Cashaa a household name.

Khan emphasized his commitment to making strategic shifts to enhance the Cashaa wallet’s utility and strengthen the CAS token’s position. “My priority is to make multiple strategic shifts to make the Cashaa wallet the most used wallet and consequently make its native token CAS a strong utility token,” he added.

Khan brings a wealth of experience to his new role. He began his career as a software developer in 2012 and joined Auxesis Group in 2014 as a Senior Software Developer, where he worked on machine learning and big data analysis. In 2016, he collaborated with Kumar Gaurav to develop the first cash transfer protocol on the Bitcoin network, which later became Cashaa. Since then, he has held several key positions within Cashaa, including Vice President of Technology, Co-founder, and Chief Technology Officer (CTO).

A marriage of technology, business processes, systems, customer support, and marketing is essential to taking a fintech company like Cashaa forward, Khan said.

Kumar Gaurav said “Amjad’s profound grasp of the tech and crypto ecosystem, alongside his strategic foresight, positions him as the ideal leader to guide Cashaa wallet at this critical juncture.

Khan’s educational background in computer science has been instrumental in his professional development. His engineering degree in Computer Science provided a strong foundation in technology.