The price plummeted significantly since this announcement partly due to the many delays in fulfilling promises. Anyway, recently Cashaa launched a similar service to what NEXO has, just with better APYs. Moreso, during the time they opened another physical branch in India where people can buy crypto using cash.

To me, it's kind of surprising that this coin doesn't get almost any attention. They definitely struggle to bring demand for the CAS token, but they at least have a solid foundation, because of the profit they generate from the crypto businesses they provide banking services from.