Here is how interest is calculated and paid out:
Customers can sell the BTC in this account at any time without paying any kind of penalty.
Mark Hipperson, Ziglu Founder and Chief Executive Officer, had this to say:
“It’s pretty much impossible to find interest rates that are higher than the rate of inflation, and yet digital currencies and decentralised finance have massive potential to provide a real rate of return for everyone. Our aim is financial inclusion and choice – through the Bitcoin Boost account we are able to offer our customers instant access to bitcoin, and a game changing 5% rate of interest on the value of their bitcoin, no matter how large or small.“
Last September, Ziglu announced the launch of peer-to-peer (P2P) payments for all fiat and digital currencies supported by its mobile app. The Ziglu CEO had this to say back then: