Published On: Wed, May 10th, 2017

Japan to Receive Its First Interest-Paying Bitcoin Deposit Accounts

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A little over a month after Japan declared the digital currency bitcoin (BTC) to be an officially recognized legal payment method, the Japanese bitcoin exchange Coincheck has announced the first interest-paying bitcoin deposit accounts for the Japanese market.According to a report by the Nikkei Asian Review, the Tokyo-based digital currency exchange will start offering bitcoin fixed-term deposit accounts to its users. Coincheck Lending offers four possible plans, each with a different timeframe and interest rate.Users will be able to deposit bitcoins for a period of 14 days to receive a 1 percent annual interest rate, a period of 30 days will …

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