Crypto-BlockFi credit startup launches for clients from all over the world the opportunity to open Deposit accounts BlockFi Interest Account (BIA) with the support of the accrual of compound interest: monthly transfer of interest in bitcoin and Ethereum annual interest rate under the agreement is 6.2%. In this case, the message BlockFi, withdrawal is possible at any time, and the storage scriptaction users will provide Gemini Trust Company LLC.
The company reserves the right to change the terms of the product and to set an interest rate each month – at their discretion and not focusing on the basic interest rate on the market of Bank deposits.
Closed beta testing program was conducted early this year and brought it more than $10 million of assets of private, corporate and institutional captainvalor.
Today we are launching the BlockFi interest Account (BIA). Users can securely store Bitcoin or Ether at BlockFi and receive 6% annual interest, paid monthly in cryptocurrency! BIA interest compounds monthly, delivering an industry-leading APY of 6.2%. https://t.co/QmkRVxOBQ7 pic.twitter.com/Gn247S6LAw
— BlockFi (@TheRealBlockFi) March 5, 2019
Recall that last summer a round of financing headed BlockFi commercial Bank Galaxy Digital Mike Novogratz (Mike Novogratz), which has invested in the project for $52.5 million