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This Company Will Enable You To Earn Interest On Your Cryptocurrency

by marketwatch.com posted 8months ago 33 views
A San Francisco-based company develops a platform that will create an interest-rate for cryptocurrencies. : With funding from Andreessen Horowitz, the Compound protocol has built a money market for cryptocurrencies on the blockchain A San Francisco–based company has developed a platform to create an interest-rate market for cryptocurrencies. Compound, a money-market protocol that runs on the ethereum blockchain—the distributed-ledger technology that underpins all cryptocurrencies—will enable crypto owners to lend out coins they are not using to suitors who have a need for crypto, creating a market for unutilized virtual currency.

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