RATE Group | Passive Income in Crypto Is the New Way to Earn
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Passive Income in Crypto Is the New Way to Earn

22 Mar Passive Income in Crypto Is the New Way to Earn

Posted at 07:25h in Cryptocurrency News by

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First, there were property rents. Then came interests. As modern civilization evolves, people always find new ways to earn money without actually producing, or even doing all that much. This concept is today known as “passive income.” Technological progress also expanded the meaning of passive income.

Today, people can claim YouTube advertisement revenues, dropshipping and even creating online courses as their favorite way to earn passive income. Lennix Lai, the director of financial markets at OKEx, believes there is another method to add to this ever-expansive list: crypto staking. He was a keynote speaker during the Blockchain Economy 2020 conference in Turkey, where he explained why crypto is an ideal way to earn passive income. He also told Cointelegraph what would be the benefits of a more matured blockchain-based financial system.

Cointelegraph: What do you believe is the next logical step for blockchain and crypto?

Lennix Lai: The rising number of cryptocurrency wallet…

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