This new feature, which was only enabled for a few clients and is now open to over 4 million users, will allow returns to be deposited each week depending on users’ investment.
One of the main benefits is that you can invest from a penny in these coins. Bitcoin is the most used cryptocurrency by customers while the USD stablecoin offers the certainty that its value will be reflected over time.
“It will be a dollar and it is an easier way to understand the benefits of cryptocurrencies,” David Álvarez, head of Bitso+, said in an interview.
What does Bitso+ consist of?
If you have a Bitso account and invest in USD stablecoin, which reflects the price of the dollar, you will receive a 15% return on your first 1,000 dollars, if you have between 1,000 and 20,000 dollars invested, the return will be 10% and 20,000 dollars onwards, the yields will be 7% per year.
In case of having money invested in bitcoin, the 6% rate is applied for the first 0.4 bitcoin and from that 0.4 upwards, a nominal rate of 3.5% applies.
“Stablecoins can be leveraged by our users, they can use them to make payments to the other side of the world in a matter of minutes and it is the way to speak of the current modern financial system,” Álvarez said.
The specialist explained that with this bet, they want users from the countries where they operate, Mexico, Brazil, Argentina and Colombia, to make their money work. In addition, the company analyzes adding more cryptocurrencies to this program.
“Inflation continues to rise globally and especially in Latin America, with this new feature we are providing a new way to increase your wealth just by having your assets in your Bitso wallet,” said CEO and co-founder of the firm, Daniel Voguel. .
