A 15% interest rate account seems like a dream in today’s economy, but not in the world of the blockchain. The blockchain proposes a variety of ways for a user to maximize their savings and gain real interest in their savings. One way is for the user to deposit idle tokens into DeFi products that sit on the blockchain and to put them to work externally in return for passive yield for the investor.
One example of this is San Francisco-based Gluwa which was founded in 2014. The firm offers a range of DeFi products to users including a non-custodial cryptocurrency wallet, an exchange, and traditional type investment products that take advantage of the blockchain for enhanced interest rates. This blockchain-based platform which features downloadable apps for both Android and Apple has generated nearly $2 billion in funding so far. It uses these investor funds to merge cryptocurrencies with real-world business investments, whereby a user can deposit funds into a Fixed Interest Account...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...