When BlockFi began offering interest-bearing accounts earlier this month, it seemed to have struck gold. Giving people a place to securely store their bitcoin or ether is paying off for the company and crypto holders. An impressive 10,000 people have signed up for accounts. Almost all of them, roughly 90%, are retail investors. As the prices for cryptocurrencies have fallen considerably, enthusiasts have pumped more than $35 million in deposits into BlockFi accounts. From Beta To A Hit The company announced the private beta launch of the BlockFi Interest Account (BIA) in January. Account holders receive 6 percent annual interest paid
The post Bitcoin Savings Accounts: Crypto’s Next Big Thing? appeared first on CCN
source https://www.ccn.com/blockfi-accounts-appeal-those-wanting-money
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