Cryptobank Bitwala offered customers deposits in bitcoins

Clients of cryptocurrency bank Bitwala can now earn interest on their Bitcoin deposits. Interestthe rate is 4.3% per annum.

It is reported that work with bitcoins has becomepossible after entering into a partnership with the Celsius Network cryptocurrency credit platform. At the same time, according to the portal defiprime.com, Bitwala was the first bank to offer interest-bearing deposits in bitcoins. Of course, there are other startups in the decentralized finance ecosystem (DeFi) that offer similar services, but Bitwala works more with regulators and provides services in 32 countries.

The minimum amount to buy BTC in Bitwalais 30 euros. Customers will be able to keep BTC in their bank accounts and receive weekly interest payments. At the same time, bitcoins themselves will be issued as loans to “trusted partners” of the Celsius Network. Convert cryptocurrency back to euro access to customers at any time.

“People are increasingly trusting bitcoins. Bitwala has become an easy and affordable way to own BTC. We have an agreement with Celsius Network, the leading cryptocurrency loan project, and our users will be able to use their bitcoins for profit, ”said Ben Jones, CEO of Bitwala.

Recall that Bitwala began providing cryptocurrency banking services at the end of 2018. This service was the first of its kind in Europe.

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