The 80,000 users of the German bank Bitwala can now earn interest with Bitcoin accounts due to a partnership with Celsius Network, a cryptocurrency lending platform.
With this bitwala becomes the first classic bank to offer interest for storing Bitcoin with an account
Bitwala is a regulated entity but also offers crypto and fiat services in 32 countries under the license of the German leading bank SolarisBankAG
Users will only be able to buy the equivalent of 30 euros in Bitcoin and store them in an account that will give them weekly interest, the funds can also be converted to euros immediately
Bitwala CEO referred to Bitcoin's halving as a reminder that state money (fiat) cannot inflate forever
Ben Jones: "More and more people are trusting Bitcoin right now. Bitwala is the bridge to it now as we partner with Celsius Network, the world's leading provider of crypto asset lending. With this, our clients can take advantage of Bitcoin storage anywhere part of the world"