According to Bloomberg, economists predict inflation in G-20 economies will grow to 3.7% this year. In other words, this means that our money can buy fewer goods with the same amount over time.
Wirex has a tool to help us fight back against inflation. They have an account where you can beat inflation by earning up to 16% APY. Some currencies pay up to 16% and others pay you up to 10%. Both are a great deal. In this article, you’ll discover how to put your deposited money to work for you.
Let’s Fight Inflation with Wirex’s Deposit Accounts
If the specter of inflation is here to stay, you need to keep your investment interest rate HIGHER than the inflation rate. If you can do it, you will become more prosperous every year. Yet, if you can’t, no matter how hard you work, you’re becoming poorer with each passing year.
If you are like most crypto investors, then you have 2 ‘buckets’ for your money:
- Your crypto investing/savings/trading bucket AND
- Your short-term money bucket to pay local expenses like rent.
You already know what to do for Bucket #1. This solution from Wirex helps with Bucket #2. You can get more out of your short-term money.
Here is a simple formula that everyone should follow. You want to know if the money you deposited in your current account will be higher or lower in the upcoming years:
Enter the newest Wirex deposit account called “X-accounts.” Anyone will be able to deposit their money on selected currencies and start earning up to 16% a year.
And it’s easy to get started. The X-account has these three unique features:
- Quick Set up: Create and set up your X-account in 5 minutes.
- Unbeatable rates: X-Accounts yield up to 12% daily compounded interest. That’s more than 100 times the national average!
- Instant access: Withdraw anytime. Spend with your multicurrency Wirex card with no fees. No lockups.
The Wirex’s X-Account supports ten different currencies:
- Eight cryptocurrencies: Bitcoin and Ethereum
- Stellar, DAI, and Litecoin,
- AAVE, Maker, and Chainlink
- Two fiat currencies: The British pound and Euro.
Here is how you can create the X-Account now:
- Open an account on Wirex.
- Top up your Wirex account using your bank debit card.
- Select the ‘X-Account’ tab on Wirex mobile app dashboard and follow the instructions.
- Start earning up to 16% interest on your salary.
More About the Wirex’s X-Account
If you want to compare how much you can earn with your money in your normal account vs. in a Wirex’s “X-Account,” take a look at the chart below:
Representative example: Interest rates are variable. X-Accounts are cryptocurrencies only. Get Terms and conditions here.
And you can use their simulator to see for yourself how much interest you can earn. The 16% interest currencies are:
- and DAI, which makes sense as the only stablecoin offering here.
With the X-Account you get all four of Wirex’s pillars:
- Fireblocks-protected: Wirex insures its digital assets up to $30 million. We insure with the premier custody platform Fireblocks.
- VISA & Mastercard Principal Member: Wirex is the world’s first crypto-friendly firm accepted as a primary member of both Mastercard and Visa.
- Almost ten years of experience: We’ve been at the top of our sector for more than seven years.
- Security and Safety: Wirex employs the most robust anti-fraud technology on the market to keep your cash safe and secure from criminals.
Finally, it’s important to mention that Wirex tracks your earned interest every week. And you can withdraw your money anytime.
NOTE: Wirex is available in EEA and APAC and will be available in the USA soon. You can check the list of available countries here.
If this sounds like a good deal for helping you manage your short-term funds with higher interest rates, then go to Wirex now for more information.
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.
Join us on Telegram to receive free trading signals.
For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.