Revix takes aim at bank savings accounts with 12% annual interest account

remains the go-to investment for most people who want to preserve their wealth in the medium to long term. The reasoning seems sound at face value. Your savings are secure and, based on analyses of the best South African savings accounts, you can expect to earn an average 4.88% return.Looking just beyond the banks’ sales pitches, however, reveals that the picture isn’t so rosy.

So, beyond navigating the complications and legalities of an offshore savings account, what is the ordinary investor to do? Revix, a Cape Town-based crypto investment company, has combined the power of crypto and DeFi to bring a solution to South Africans. What if it was possible for that customer to securely lend their savings directly to others, earning the full 5% return in the process? Facilitating exactly this kind of direct transaction between people while eliminating intermediaries is what DeFi is making possible.

Stablecoins are designed to be a middle ground between traditional cryptocurrencies and fiat currencies like the dollar. While they’re still a type of cryptocurrency and can be used as a form of payment, they don’t experience the rollercoaster of ups and downs.

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Revix takes aim at bank savings accounts with its new 12% annual interest accountA savings account remains the go-to investment for most people who want to preserve their wealth in the medium to long term. And how is this taxed RevixInvest ?
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Revix takes aim at bank savings accounts with its new 12% annual interest accountA savings account remains the go-to investment for most people who want to preserve their wealth in the medium to long term. And how is this taxed RevixInvest ?
Source: BusinessTechSA - 🏆 24. / 61 Read more »

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