Crypto Financial Service Firm, BlockFi, Launches Its Mobile-Based App Offering 8.6% Interest

2020-6-25 16:19

BlockFi launches its mobile-based trading platform Offering users high yield on cash deposits, crypto-backed loan services, and zero-fee mobile money transfers in a first-of-its-kind platform

In a release to the BEG reporting desk this Thursday, BlockFi, a crypto-focused financial service company, announced the launch of its mobile application. The mobile app is available on both iOS and Android devices allowing users to manage crypto-backed loans, Zero fee mobile transactions, trading, and earn up to 8.6% interest APY on deposits through the BlockFi Interest Account (BIA).

BlockFi launched in 2017 to provide crypto financial services to its clients, enhancing the adoption rates of crypto assets and a platform to manage and store their digital assets easily. The launch of the mobile app will make it easier for users to navigate and use the platform at any time and place.

BlockFi mobile users will also enable new users onboard to the Morgan Creek-backed and Gemini-backed platform, Zac Prince, Founder and CEO, BlockFi stated. In a statement to BEG team on the launch of the mobile app, Zac said,

“While the BlockFi app grants greater convenience to current clients, it is also designed to appeal to those eager to make their first investment in crypto. BlockFi is the perfect place for them to make this leap.”

Earning 8.6% interest APY on BIA account

BlockFi has gained its reputation as a high earning crypto storage facility, recently raising its deposit rates for BTC and ETH holders. In an aim to promote the new mobile-based app, users will be able to earn an annual percentage yield of up to 8.6% interest on crypto assets deposited on the platform. Bitcoin, Ethereum, Litecoin, U.S Dollar, and a host of stablecoins, including Gemini’s GUSD, form the class of assets earning the high yield.

The “easy-to-use and user-friendly channel” is the first of its kind across the industry.

“Not only does the app connect with these consumers on their level, providing a friendly and easy-to-use channel, but it also enables them to earn up to 8.6% interest on their cash through crypto, something no one else can offer.”

The current deposit rate signifies a 2 percent increase in the annual rate since the launch of BlockFi Interest Account (BIA) in May.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Universal Mobile Token (UMT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 UMT

mobile financial service app interest blockfi users

mobile financial → Результатов: 119


New 5G Master Key Report by Strategic Investor EB Tucker Launches

Alternative financial information provider Casey Research has published a new marketing campaign online for E.B. Tucker’s Strategic Investor newsletter. It’s called the “5G Master Key”. Under this new marketing campaign, Casey Research attempts to convince you that 5G – fifth generation mobile wireless technology – is one of the biggest stories of 2020. According to […]

2020-1-24 03:28


StyloPay integrates Tribe’s crypto wallet for its cloud payments platform

StyloPay, specialists in payment solutions and mobile applications, announced today it has selected Tribe Payments’ digital wallet technology for integration on its platform. Tribe’s digital wallet technology will form part of StyloPay’s cloud-based payments-as-a-service offering that enables banks and card issuers to scale card programs and mobile wallets globally.

2019-11-21 21:48


FSC Issues ‘Investor Crypto Ponzi Alert’ for “Cloud Token Mauritius” & “Cloud Token Indian Ocean and Africa”

The Financial Services Commission (FSC) has issued an investor alert regarding a crypto-Ponzi scheme being advertised on social media, asking people to invest in digital assets called “Cloud Token Mauritius” & “Cloud Token Indian Ocean and Africa” through a mobile application called ” cloud token.

2019-9-26 23:58


Capitual ICO

With a ready state-of-the-art produced working live platform, Capitual is already bringing crypto-currencies to people in different sectors. With your help, we can popularize crypto-currencies' usage across the whole world! Capitual brings the evolution of crypto-currencies for the rest of us by allowing instant exchange between fiat and crypto-currencies.

2019-6-13 21:03


Domi ICO

Domitai is a Cryptocurrency Exchange in Mexico, a trading platform for digital and traditional currencies between users. Our mission is to change the way commerce and financing is done in Mexico, and work to become one of the top financial institutions in Latam and Worldwide.

2019-4-15 06:03


KABN Token ICO

The KABN Network is an integrated suite of financial services that includes the Pegasus Flyte Visa Card, an approved crypto-linked prepaid Visa card and mobile integrated multi-currency banking wallet; KABN KASH, a robust loyalty and engagement program and the network anchor, KABN ID, a patent pending, Always On, GDPR complaint, blockchain and biometrically based, identity verification and validation platform.

2019-3-16 20:33


BitWings ICO

BitWings token, a native currency of Wings Mobile ecosystem, has 100% guaranteed issuing value and is the only means to pre-order the first (40 000) ultra-secure blockchain smartphones in the world able to generate up to 2 ETH a month without any power consumption, powered with neural technology.

2019-2-21 20:03


Фото:

Japan’s Second Largest Bank to Launch its Own Cryptocurrency in March 2019

According to a report published by Finance Magnets, on December 26, 2018, Japan-based company Mizuho Financial Group is primed to launch its yen-pegged cryptocurrency in March 2019. Mizuho’s Stablecoin to Be Launched in March 2019 The cryptocurrency being introduced by Mizuho will have parity with the Japanese yen and can be used to make and receive payments through a mobile.

2018-12-28 06:00