German crypto-bank Bitwala announced the launch of a savings product allowing bitcoiners to generate up to 4% interest.
On his blog, Bitwala explains that the product was developed in collaboration with the startup specializing in lending in cryptocurrencies Celsius.
Today, more and more people trust Bitcoin. We are now in partnership with Celsius Network so that our customers can take advantage of Bitcoin holdings wherever they are, "commented Bitwala CEO Ben Jones.
Supported by Sony, the young shoot offers its Bitcoin savings accounts from an investment of 10 euros and pays the interest weekly (every Monday).
See also : Litecoin Foundation announces savings product for hodlers
The interest rate are calculated by Celsius based on the borrowers' Bitcoin demand and can therefore vary over time.
As financial institutions start to rise brazenly from the lowest, this is not the best time to invest your bitcoin at competitive rates – rates where you can earn up to 4% on your crypto holdings, ”wrote the startup.
Thanks to a partnership with fintech SolarisBank, Bitwala has offered a complete banking solution dedicated to cryptocurrency users since 2018.
La neobanque prides itself on being the only banking service to offer a free current account with a Bitcoin wallet integrated and negotiation service.
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