Blockchain.com Launches Bitcoin Savings Accounts

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Credit: Christo Anestev – Pixabay

Blockchain.com, the famous provider of crypto-wallets, has just launched savings accounts allowing its users to deposit Bitcoin and generate up to 4.5% interest per year.

On its blog, the wallet provider announced that all of its customers can now deposit Bitcoin (BTC) and generate 4.5% interest per year.

If you deposit 1 Bitcoin, you could earn more than $ 400 in interest. When you compare that to the near-zero interest rates you’ll likely get with traditional bank accounts at the moment, it’s hard to beat, ”he said.

Blockchain.com

The arrival of Bitcoin savings accounts on Blockchain.com follows the launch of its crypto-loan service in March 2020. The company allows indeed to borrow digital dollars (stablecoins) against Bitcoin at an interest rate of 5%.

More and more actors are embarking on bitcoin savings, the German crypto-bank Bitwala also recently introduced a savings product that allows bitcoiners to earn interest (up to 4% per year).

Blockchain.com also reported that the popular stablecoin Tether (USDT) and the token Algorand (ALGO) would soon be supported on his portfolios.

To note that The pit, its cryptocurrency exchange, will soon support trading pairs for XRP (against dollar, euro and Bitcoin).


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