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Crypto cash back: BlockFi looks to boost market with launch of high-interest accounts​

by Isabel Woodford and Ryan Todd

March 5, 2019, 8:58AM EDT  ·  2 min read

Quick Take

  • BlockFi makes good on its plan to introduce a crypto-interest acquiring savings account, launched with immediate effect
  • The company is targeting an international market
  • It also hopes its compliance focus will attract institutional investors

by Isabel Woodford and Ryan Todd

March 5, 2019, 8:58AM EDT  ·  2 min read
New York lending firm BlockFi announced Tuesday it is launching a crypto savings account with 6 percent annual interest, payable monthly in bitcoin or ether.
 
In a statement, BlockFi said the new account offered the highest interest rate on crypto in the market, beating firms like Cred and Celsius, as well as being the first to provide yields in crypto.