BlockFi Lowers Investment Threshold for Earning Bitcoin Interest - Ethereum World News
24 April 2019 5:13 PM GMT
Bitcoin prices may be dropping, but one cryptocurrency-based lending startup is looking to expand the appeal of digital assets. BlockFi, which is backed by the Winklevoss Twins? cryptocurrency conglomeration Gemini, has agreed to lower the...
- BlockFi, which is backed by the Winklevoss Twins' cryptocurrency conglomeration Gemini, has agreed to lower the BTC investment threshold for participating in its interest generating program.
- However, after extensive community feedback, the lending startup made the decision to lower the minimum amount of BTC required to receive the full interest reimbursement to 0.5 BTC, which will be applied retroactively to April 1st of this year.
- We are retroactively dropping the minimum required BTC balance to earn interest to 0.5 BTC.
- That means if your BIA BTC balance was between 0.5 and 1 BTC in April, you're eligible to receive  interest at the end of April.
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