Wirex X-Accounts Interest

Can you feel the hammer of inflation banging your wallet over and over again this year? If that’s so, you’re definitely not alone. Depending on what research you believe, the inflation rates are anywhere between 5-10% for the last 12 month. What can you do to protect your monthly salary and savings?

More Bad News On The Horizon

In 1970s it took 2 people to carry $10 worth of groceries. Now a 10 year can do it. This must mean that Americans are becoming stronger. But it’s not only USA. With money printing presses running red hot in virtually every developed country, it’s also British, German, French, Japanese and many others who are becoming ‘stronger’ on yearly basis as well.

Is the inflation transitory?

Mass media would like us to believe that inflation is only transitory caused by the shortages in global supply chain. Do you believe them? If you’re sceptical like me, then you’re at the right place. In my thinking it’s better to be safe, than to be sorry. If you’re not sceptical yet, I strongly recommend to read couple of essays from Bill Bonner to find out what’s going on.

What to do if inflation is here to stay?

If the spectre of inflation is here to stay, your financial game will most likely change to this – keep your investment interest rate HIGHER than inflation rate. If you can do it, you are becoming richer every year. If you can’t, no matter how hard you work, but you’re becoming poorer with each passing year.

You know that sinking feeling, when you got a decent salary, but you feel like you really can’t afford much any more? That feeling has a name to it – it’s called inflation.

Where do we go from here?

We are in crypto world. This world offers plenty of ways how to invest your money and potentially beat inflation. But as Warren Buffet says there are only 2 rules in investing:

  1. Never loose money.
  2. Never break the rule #1.

That being said, let us explore a simple investment strategy that a 16 year old living in his mother’s basement can apply to make up to 16% yearly interest.

Enter WireX

Here’s what you do:

  1. Simply open an account on WireX.
  2. Top up your WireX accountusing your bank debit card.
  3. Select the ‘X-Account’ tab on WireX mobile app dashboard and follow the instructions.
  4. Start earning up to 16% interest on your salary.

How can this make a difference in your life?

Just imagine this – you and your neighbour. Each of you have 5,000 € left in your bank account. That sort of balance you just keep there to have it handy for the next vacation or when your car breaks down. Of course your situation might be a bit different, so feel free to adjust your balance number.

Now let’s say for whatever strange reason your neighbour has the same balance as you.

Representative example: Interest rates are variable. X-Accounts are cryptocurrencies only. Get Terms and conditions here.

Don’t Let Your Neighbour Pocket All These Gains

Instead get them also for yourself and your family. It’s simple. All you need to do is to claim your account on WireX today.

P.S. Making boatloads of money on your savings is only the tip of the iceberg of what WireX can do for you. Among other benefits they will send you a Visa or Mastercard free of charge. This empowers you to spend your money the way you want in over 54 million vendors around the world, make free ATM withdrawals, buy crypto, transfer money to your friends for free and much more.

But that’s a story for another day.

Stay tuned..

P.S. WireX is available in EEA and APAC and is going to be available in USA very soon. You can check the list of available countries here.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers. Their risk tolerance may be different than yours. We are not responsible for any losses that you may incur due to any investments directly or indirectly related to the information provided.

Do your due diligence and rating before making any investments. And consult your financial advisor. The researched information presented we believe to be correct and accurate; yet, we cannot guarantee or warranty the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by Wirex. Copyright Altcoin Buzz Pte Ltd.

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