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Digital Currency Revolution Series: Quick Glance At Interest-Bearing Accounts For Holding Bitcoin On ‘Blockchain.com’
Blockchain.com, has plans to expand their product line, it is set to roll out interest-bearing accounts.
The company (Blockchain.com), that intends to have 1B wallets by 2030, has announced their plan to unveil interest-bearing accounts to equip users’ accounts to derive up to 4.5% interest per annum on their bitcoin deposits.
The development is effected followed after the company’s expansion into retail lending, the interest account will let wallet holders fetch yields on their bitcoin deposits. For the millions of people holding BTC, one can now deposit it into an ‘Interest Account’ and watch it earn 4.5% interest annually, which means for every deposit of 1 bitcoin, they could earn over $400 in interest. When it is compared that to the near-zero interest rates, you’ll likely get with traditional bank accounts at the moment, it’s hard to beat.
Access your crypto and withdraw when you need it. In the meantime, watch as your crypto holdings steadily grow.