BlockFi looks to boost market with launch of high-interest accounts.
New York lending firm BlockFi announced Tuesday it is launching a crypto savings account with 6 percent annual interest, payable monthly in bitcoin or ether.
https://www.theblockcrypto.com/2019/03/05/crypto-cash-back-blockfi-looks-to-boost-market-with-launch-of-high-interest-accounts%E2%80%8B/
New York lending firm BlockFi announced Tuesday it is launching a crypto savings account with 6 percent annual interest, payable monthly in bitcoin or ether.
https://www.theblockcrypto.com/2019/03/05/crypto-cash-back-blockfi-looks-to-boost-market-with-launch-of-high-interest-accounts%E2%80%8B/
Well that's audacious.
How the hell can something like that be sustainable?
Say if they lend it out at 20%
Yeah, that was pirate@40's claimed biz model. Again: unsustainable.
As someone pointed out above: Not yo keys, not yo bitcoin.