Blockchain.com opens Bitcoin savings accounts
Credit: Christo Anestev – Pixabay
Blockchain.com, the famous provider of crypto wallets, has just started Savings accounts Allow its users to deposit Bitcoin and generate up to 4.5% interest per year.
In its blog, the wallet provider announced that all of its customers can now make deposits Bitcoin (BTC) and generate 4.5% interest per year.
If you deposit 1 bitcoin, you can earn interest in excess of $ 400. When you compare that to the near-zero interest rates you are likely to get with traditional bank accounts at the moment, it’s hard to beat. ” he said.
The arrival of Bitcoin savings accounts on Blockchain.com the launch of his follows Crypto lending service in March 2020. The company actually allows borrowing digital dollars (stablecoins) against Bitcoin at an interest rate of 5%.
More and more actors are starting Bitcoin savings, the German crypto bank Bitwala In addition, a savings product was recently launched that allows Bitcoiners to earn interest (up to 4% per year).
Blockchain.com also reported that the popular stablecoin Tether (USDT) and the sign Algorand (ALGO) would soon be supported on his portfolios.
To keep that in mind The pit, its cryptocurrency exchange, will soon support trading pairs for XRP (versus dollars, euros and bitcoin).