June 7: Interested in earning over 8% on USD cash deposits at a quasi mainstream Blockchain/crypto oriented “bank?” Try BlockFI. You can open an account that pays monthly interest as follows:
BlockFi has a business model that is quite traditional except for the presence of crypto assets and the blockchain. Of particular interest were the rates being offered by BlockFi on deposits. In addition to earning monthly CEF like income that is protected from market fluctuations, you can trade for crypto currencies directly from the dashboard. There is always a market correction in the future and holding a stable deposit that can be deployed on suddenly discounted CEFs is an advantage that cannot be underestimated.
I will update you with this months stock and fund picks shortly.