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What’s Crypto Lending, and How Did BlockFi Promise to Change It?
Investors frustrated with minuscule yields from bank savings accounts have found a would-be savior: so-called crypto lending accounts that can pay interest rates of 9% or higher. Upstart crypto firms like Celsius Network and BlockFi Inc. think this kind of account could be the killer app that brings a whole new cohort of investors into cryptocurrencies. But the accounts have also drawn criticism from traditional financial firms, who say they’re riskier than they appear, and from some regulators.
https://www.washingtonpost.com/business/whats-crypto-lending-and-how-did-blockfi-promise-to-change-it/2022/02/16/c4f2797a-8f6d-11ec-8ddd-52136988d263_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business
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