Sunday, May 28, 2023
TopCrytpoNews.com
Shop
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana
TopCrytpoNews.com
No Result
View All Result
Home Blockchain

Traditional Fixed Income Account From Gluwa Hits The Blockchain

Mikhailev by Mikhailev
May 28, 2022
in Blockchain
0
Ethereum Classic (ETC) Soars 9% As ETH Crashes, Here’s Why
Share on FacebookShare on Twitter


For a lot of buyers, the concept of leaving their financial savings in a financial institution or financial savings account as of late just isn’t very interesting. With rates of interest at close to all-time lows and inflation deeply entrenched into our economic system, customers are discovering that their financial savings are dwindling month on month. Even with the central banks elevating rates of interest to sort out inflation, the long run aim of those central banks in line with some economists is to carry the rates of interest again down ultimately to advertise financial development. Both manner, within the meantime compound curiosity signifies that financial savings are having chunks taken out of them and that the patron’s cash is shopping for much less and fewer.

One FinTech blockchain-based firm from San Francisco, has derived seemingly the proper  answer to this downside by providing customers a yield of as much as 15% on the customers’ stablecoins. This can be a enormous quantity irrespective of how  you have a look at it. So how is that this potential?

Gluwa, which was based in 2014, is providing a Fastened Time period Curiosity Account, previously often called a bond. Consistent with different non blockchain based mostly accounts, this account matures after a yr. Till that point savers should hold their cash contained in the account.

How Does The Blockchain Play Its Half?

Customers will deposit into the Gluwa account, by the use of Gluwa’s native token, the sUSDC-G. Gluwa will then channel this into main funds and the person can withdraw their holdings upon maturity, whereas profiting from beneficiant yields unparalleled within the conventional banking system.

The funds deposited into this account present liquidity to Gluwa’s accomplice funding firm, Jenfi, which is funneled to serve the unbanked and underbanked in underdeveloped international locations, giving them entry to financing to begin their very own companies by the use of a mortgage. 

If each the excessive passive yield and the influence for individuals who can’t typically acquire financing for his or her enterprise weren’t sufficient purpose to take a position on this account, then Gluwa are giving customers much more incentive. They’re matching all the person’s curiosity earned with $CTC, the native forex of the VCreditCoin Community.  So for instance, if a person earns $100 value of Gluwa tokens, then they may even earn an additional $100 $CTC as well as upon account maturation.

In accordance with Head of Product at Gluwa, Brendan O’Toole,

“The market clearly has numerous urge for food for secure yield alternatives. The beauty of Gluwa is that it’s based mostly on actual world enterprises, and doesn’t care concerning the ups and downs of the crypto market”.

Customers are inspired to notice that  depositing into this funding alternative takes place till June third, 11PM UTC and the whole quantity of financing is capped at $500K. events can obtain the Gluwa app from both Apple iOS  or Android PlayStore.

Being an energetic participant within the Blockchain world, I all the time stay up for have interaction with alternatives the place I may share my love in direction of digital transformation.

The introduced content material might embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.



Source link

Related articles

Crypto hacks falling in Q1 is but a ‘temporary reprieve’ — Blockchain firm

Crypto hacks falling in Q1 is but a ‘temporary reprieve’ — Blockchain firm

May 22, 2023
Australian stock exchange officially abandons blockchain plans: Report

Australian stock exchange officially abandons blockchain plans: Report

May 19, 2023
Share76Tweet47

Related Posts

Crypto hacks falling in Q1 is but a ‘temporary reprieve’ — Blockchain firm

Crypto hacks falling in Q1 is but a ‘temporary reprieve’ — Blockchain firm

by Mikhailev
May 22, 2023
0

The crypto group is being urged to not let their guard down regardless of a major decline in crypto hacks...

Australian stock exchange officially abandons blockchain plans: Report

Australian stock exchange officially abandons blockchain plans: Report

by Mikhailev
May 19, 2023
0

Australia’s inventory market operator has deserted plans to rebuild its software program platform utilizing blockchain know-how, marking a big rejection...

Blockchain developers launch $50M fund to increase Wormhole adoption

Blockchain developers launch $50M fund to increase Wormhole adoption

by Mikhailev
May 18, 2023
0

A $50 million fund has been launched to assist startups that use the Wormhole cross-chain messaging protocol, in response to...

Miami blockchain folk hero secures $5M for community tokenization

Miami blockchain folk hero secures $5M for community tokenization

by Mikhailev
May 17, 2023
0

On Could 17, the Captain Haiti Basis, a 4947(a)(1) charitable belief, introduced a $5 million increase sponsored by personal fairness...

Ripple acquires Swiss blockchain custody firm Metaco for $250M

Ripple acquires Swiss blockchain custody firm Metaco for $250M

by Mikhailev
May 17, 2023
0

On Might 17, Ripple, creator of the namesake funds community and XRP token, announced it had acquired Swiss digital asset custodian...

Load More
  • Trending
  • Comments
  • Latest
Square Enix NFT And Blockchain Plans Laid Out In Annual Report

Square Enix NFT And Blockchain Plans Laid Out In Annual Report

May 13, 2022
Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

May 13, 2022
Jack Dorsey Names Reason for Next Bitcoin Price Surge

438.4 Million Dogecoin Moved to Robinhood for Fee That Easily Beats Any Bank

May 22, 2022
Top LTC Online Gambling Sites for 2022

Top LTC Online Gambling Sites for 2022

May 15, 2022
Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

0
Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

0
Bitcoin & Cryptocurrency Take Massive Nose Dive

Bitcoin & Cryptocurrency Take Massive Nose Dive

0
Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

0
Arbitrum-based Jimbos Protocol hacked, losing $7.5M in Ether

Arbitrum-based Jimbos Protocol hacked, losing $7.5M in Ether

May 28, 2023
German banks slowly adopt crypto, mostly for institutional investors

German banks slowly adopt crypto, mostly for institutional investors

May 27, 2023
FTX 2.0 coming up, Multichain FUD, Worldcoin raises six figures

FTX 2.0 coming up, Multichain FUD, Worldcoin raises six figures

May 27, 2023
Bitcoin holds 200-week average as trader says ‘inflection point’ is here

Bitcoin holds 200-week average as trader says ‘inflection point’ is here

May 27, 2023

Recent News

Arbitrum-based Jimbos Protocol hacked, losing $7.5M in Ether

Arbitrum-based Jimbos Protocol hacked, losing $7.5M in Ether

May 28, 2023
German banks slowly adopt crypto, mostly for institutional investors

German banks slowly adopt crypto, mostly for institutional investors

May 27, 2023
FTX 2.0 coming up, Multichain FUD, Worldcoin raises six figures

FTX 2.0 coming up, Multichain FUD, Worldcoin raises six figures

May 27, 2023

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Solana

Follow Us

Tags

Avalanche bitcoin bitcoin price bitcoin price in india bitcoin price today Blockchain Blockchain Wire business Business news Cardano Crypto Crypto Coins CryptoCurrencies Cryptocurrency cryptocurrency news cryptocurrency price today crypto market crypto news crypto price in india crypto price today Culture DeFi Dogecoin Dogecoin price ETH Ethereum fintech FTX investing Litecoin Markets News NFT Opinion Ripple SEO Shiba shiba inu Shiba Inu Price SOL Solana solana price TECH Technical Analysis Technology
  • Contact Us

© 2022 Top Crypto News - All rights reserved.

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana

© 2022 Top Crypto News - All rights reserved.