RATE Group | This company will enable you to earn interest on your cryptocurrency
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This company will enable you to earn interest on your cryptocurrency

02 Oct This company will enable you to earn interest on your cryptocurrency

Posted at 17:45h in Cryptocurrency News by

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A San Francisco–based company has developed a platform to create an interest-rate market for cryptocurrencies.

Compound, a money-market protocol that runs on the ethereum blockchain—the distributed-ledger technology that underpins all cryptocurrencies—will enable crypto owners to lend out coins they are not using to suitors who have a need for crypto, creating a market for unutilized virtual currency.

“Blockchain assets are novel and exciting, but they lack the most fundamental financial infrastructure—efficient interest rates,” said Robert Leshner, founder and CEO of Compound in a blog post….

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