Bitcoin Is A Savings Account With An Average Growth Of Over 100% A Year
The solution to the problem facing billions of people around the world: access to a cheap, secure and reliable savings account.Note: This article is not investment advice and is for informational purposes only. Do your own research.With its fixed supply, open-source software and peer-to-peer (p2p) structure, bitcoin is the global money of the people, by the people, for the people.What Is Bitcoin?There are countless responses to this simple question and bitcoin analogies are plentiful from bamboo to mycelium and, most relevant for this article, gold 2.0. For people unfamiliar with bitcoin’s....
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London-based BSave has announced the launch of its Bitcoin savings account at the North American Bitcoin Conference in Miami today. Bitcoin service provider BSave has officially launched its savings account which credits an interest to the user’s account at the end of a 24 hour period, every day. The British company is opening its wallet to the public following “intense months of beta testing,” according to a press release revealing the announcement today. The BSave savings account is currently open to all Coinbase customers. While details are scarce in the press release, the company’s....
London-based BSAVE has completed a $400,000 round of funding for seed capital and has announced a savings account for users who can directly connect it to their Coinbase wallet to store Bitcoins while earning interest payments every day for their savings. BSAVE has announced a new platform that enables users to gain savings from their bitcoins by offering a savings account. Daily interest is credited to each user's account at the end of a 24 hour period, and the savings account is also a zero-balance account, the company says, with no penalties imposed if the user wishes to withdraw his or....
Crypto investors can earn interest via crypto lending by finding a cryptocurrency exchange or DApp that offers a crypto interest account. The cryptocurrency industry has offered developers and investors the opportunity to introduce new financial tools providing plentiful options to earn passive income. Simply holding crypto has offered patient investors the chance to make gains over the years. However, there are various other ways to increase crypto assets’ stacks, even in bear markets.Other than staking, crypto savings accounts allow retail investors to accrue their funds by earning....
A recentarticle in Forbes caused a stir. The piece was entitle "A Guide to South Africa's Economic Bubble and Coming Crisis". The article lays out the economic case that current South African economic growth is illusory: fuelled by 'hot money' and a resulting credit bubble that is ready to pop. It is argued that a global economic environment of low interest rates has resulted in the necessary economic distortions to drive this massive credit bubble. Interest rates should represent the price of savings in an economy. People either save or spend their earnings. What isn't spent is saved.....
Accenture, a $75 bln consulting and professional services firm, revealed in its report that the implementation of Blockchain technology could save investment banks up to $12 bln a year. The report entitled “Banking on Blockchain, a Value Analysis For Investment Banks” released by Accenture Consulting in collaboration with Aon, is based on a survey which the firm’s researchers conducted with eight major investment banks. According to the report, the utilization of Blockchain in supplementing manual processes and operations of banks can save organizations up to 30 percent in annual savings....