Zipmex launches interest-bearing account: ZipUp!
September 28, 2020
“Earn up to 10% p.a. by depositing your digital assets at Zipmex, paid out daily. With ZipUp, you’re guaranteed an interest rate that is above what other institutions are offering!”
Zipmex is leading innovative solutions for digital asset investing with the launch of a digital assets interest program ZipUp which offers users interest of up to 10%p.a.. It is the first regulated exchange in Thailand/Indonesia to offer this cryptocurrency savings investment product targeted at retail investors.
Thanks to the advances of recent years in blockchain technology, investors can grow their wealth by accruing interest, paid daily on digital assets that they have custodised with Zipmex. This program will be rolled out in October 2020.
To begin customers can choose to earn interest from a select list of digital assets, including Bitcoin (BTC), Ethereum (ETH), US Dollar Tether (USDT), and many more to come. Digital assets subscribed to the program will earn a guaranteed interest of up to 10% p.a. and can be withdrawn or converted into cash any time instantly. The savings account has no fees except for the typical withdrawal fees.
Zipmex’s launch is a timely decision as the pandemic has caused central banks to slash interest rates to spur economic growth. Retail bank savings accounts are currently yielding very low interest rates – typically only 0.5% – 1%. And if inflation is taken into account, the real value of depositors’ hard-earned cash decreases or does not increase. With Zipmex, customers can save their money into digital currency assets and earn over 20 times more.
‘ZipUp has come about due to recent changes in the industry and growing investor demand for higher yields on their assets. We see a big opportunity for digital assets to grow, particularly with the technological innovations of decentralized finance protocols and solutions. This is a very exciting time to be disrupting the finance sector.’ said Marcus Lim, CEO of Zipmex.
The following assets available for the savings program are:
USDT – 10% p.a.
BTC – 6% p.a.
ETH – 5% p.a.
LTC – 5% p.a.
The interest will be credited to the customer’s account every day if the user keeps his digital assets on Zipmex. This service also does not require users to lock their balances like in retail bank deposit services. Users can convert their digital assets to local currency money to be withdrawn at any time to their bank account. The withdrawal process can also be done instantly within 24 hours.
Interested in joining the program? Immediately create your Zipmex account and register on Zipmex today.