Banxe Launches Crypto Earn: a Simple Way to Earn Passive Income with Crypto Assets

  • Cryptocurrencies
  • 22.03.2023 07:00 am

A global banking solution for businesses, Banxe, announced the launch of a new interest-yielding product, Crypto Earn. With Crypto Earn, customers are rewarded with an average of up to 10% APY on crypto assets.

Crypto-curious customers and enthusiasts can now do more with Banxe; their account allows buying, selling, exchanging, storing cryptocurrency, and now, earning interest through an automated yield generation strategy using smart contracts.

Banxe customers simply top up Crypto Earn with as low as $10 of fiat or cryptocurrency, choose an earning strategy, and watch the value steadily increase. Initially, a more conservative earning strategy will be available, focusing on stablecoins, such as USDC and USDT, which are backed by the traditional US dollar. However, other strategies with higher rates will launch soon after. The earnings can be redeemed at any time while the interest payments are added to the balance every 24 hours.

The technology behind Banxe’s Crypto Earn includes smart contract and smart contract security audits to ensure a comprehensive assessment to avoid vulnerabilities. This technology allows customers to optimise their returns and reduce fees. Crypto Earn will automatically allocate the customer's funds among the best DeFi protocols to maximise profit and minimise risk. For customers, this means no time and energy wasted on learning all about DeFi and constantly keeping track of their portfolio to ensure their assets are transferred between different pools - Crypto Earn does the work while customers sit back and receive the best yield.  

“In my opinion, creating a well-balanced portfolio starts with diversifying,” says Alex Guts, CEO of Banxe, “and with the help of Banxe’s enhanced product suite, Crypto Earn, a new interest-bearing account, customers can do just that. It is the perfect passive income alternative.” Alex adds, “besides a range of additional perks on Banxe, clients can manage their portfolio, depending on risk tolerance, with interest rates higher than the rate of inflation, which is nearly impossible to find nowadays.”

Banxe’s goal is to upgrade, reimagine, and revolutionise the banking experience for start-ups, entrepreneurs, individuals, and Web3-related companies by providing flexible payment services and convenient crypto solutions across the globe. The crypto-friendly banking solution, launched in February 2022, gives its clients faster, more flexible, and convenient financial opportunities with one simple app. Since the launch, Banxe has continued working on releasing new features and functionalities, with a focus on providing a secure and stable ecosystem. Each account is equipped with dedicated IBAN and SEPA/SWIFT/FPS/CHAPS transfer capabilities, a crypto wallet with over 500 cryptocurrencies, and the ability to buy and sell, send on-chain or off-chain transfers, and exchange crypto.  

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