Magnr announces first savings account for Bitcoin

FinTech | June 22, 2015 By:

On Wednesday, June 17, Magnr announced first savings account for Bitcoin.

“FinTech startups have a once in a lifetime opportunity to revolutionize banking. We are very excited to be pioneering digital currency savings accounts,” said Magnr Founder and CEO Joe Lee.

The savings accounts are powered by Blockchain technology allowing users to independently verify the safety of their deposit on the public ledger. Additionally, the interest payout is calculated from Blockchain data.

Magnr is the second product from bitcoin trading platform