If you buy GOLD (PAXGOLD) at BlockFi and deposit it, you will earn interest on your deposit in Bitco
One of the currencies handled by BlockFi is PAXGOLD.
This currency (PAXGOLD) is linked to the price of gold and can be exchanged for real gold in certain countries (London and New York).
The rate is 1 PAXGOLD = 1 oz gold.
Normally, gold does not accrue interest even if you hold it. On the contrary, you have to pay for its management and other expenses.
But if you hold your gold in this PAXGOLD, you don't have to manage it and it is easy to carry around. Moreover, if you deposit it in BlockFi, you will get monthly interest.
Isn't it a better deal than investing in gold normally?
Interest can be earned in various currencies such as PAXGOLD and Bitcoin.
I have set it up so that I can receive it in bitcoin.
The price of gold is expected to rise in the future. This will increase the value of PAXGOLD.
Would you like to do the same?