As announced on Thursday, Ziglu is launching a new feature that will pay users the equivalent of 5% annual interest for their bitcoin holdings.
This interest will be evaluated every second and it will be included in the balance of the user’s account each week. Customers will then be able to access the bitcoin immediately and will be allowed to purchase or sell the cryptocurrency with Bitcoin Boost with no sanctions according to Ziglu.
“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 five percent rate of interest on the value of their bitcoin, no matter how large or small.”co-founder and CTO Mark Hipperson said.
Ziglu is a digital asset-friendly platform based in London and co-founded in 2018 by Mark Hipperson. The firm aims to help users trade fiat currency for crypto.
The platform has always been focused on giving a simple and transparent service to its customers through phone calls, messages, or email whenever they need it. Ziglu also ensures user’s digital assets up to £50k.
The platform not long ago assembled an amount of £6 million on Seedrs and presented to the public the implementation of another digital currency, Tezos. Now users have the possibility to trade Tezos, Ether, bitcoin, Bitcoin Cash, and litecoin. They also can make peer-to-peer payments in crypto or fiat currencies, and spend utilizing their Mastercard debit card.