BlockFi Lowers Investment Threshold for Earning Bitcoin Interest

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 BTC investment threshold for participating in its interest generating program.

Last month, BlockFi announced the creation of the world’s first interest-bearing accounts for Bitcoin and Ethereum. The New York-based firm will be paying out 6.2% in interest on deposits of Bitcoin and Ethereum, all backed by the Winklevoss twins’ Gemini cryptocurrency exchange.

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