THELOGICALINDIAN - CEO and Founder of Celsius Network Alex Mashinsky wants to accompany the abutting 100 actor bodies to the blockchain How Through highinterest cryptocurrency accumulation accounts with no alcove or penalties for abandoning your HODLings lowinterest USD loans application crypto as collateraland acclimation our bad banking habits
Earn Interest on Your Bitcoins
If you’re HODLing your BTC or ETH stash, cat-and-mouse for the abutting balderdash run, the Celsius Network angle is what Mashinsky calls a “no-brainer.”
As the artist of VOIP (Voice Over IP) technology, a consecutive entrepreneur, and allotment of the “one-tenth of the one percent,” Alex hasn’t consistently had it easy. He started out as an immigrant to the U.S. 30 years ago with aloof $100 in his pocket. Now the man that brought you VOIP wants to advice by bringing MOIP (Money Over IP) to the masses. He explains:
You may not adulation the actuality of demography your funds out of your accouterments wallet. But bethink that you’re not earning any return. Celsius offers to authority your bill at a babysitter and accommodate them out to acquire a return. Using BitGo, they’ve called one of the bazaar arch custodians appropriate now and accept been advantageous absorption every anniversary back the average of aftermost year.
Downloading the app is appealing simple (I anesthetized KYC in about 5 minutes). Then you aloof drop your called cryptocurrency into your wallet. The app supports about 18 bill and tokens. You acquire absorption immediately–with no amends if you appetite to booty your backing out for any reason. Absorption is paid account in the aforementioned bread you deposit.
Borrow USD Using Your Crypto as Collateral
AMashinsky reveals that Celsius Network has already originated over $1 billion account of loans back starting in June 2024 and had no losses or liquidations. How accept they managed to accomplish that? It’s simple, he says:
He starts to allege louder, acutely on a roll:
Unbank Yourself
As amorous as Mashinsky is about what he’s doing, he believes that blockchain technology will not survive unless hundreds of millions of bodies accompany in the revolution. But, cryptocurrencies are still too airy for the boilerplate person, so how does he apprehend bodies to cesspool bottomward their coffer accounts and advance in coins?
“We’re not cogent aggressive bodies to do that,” he says.
Mashinsky doesn’t accept a accomplished lot of adulation for banks, “you can’t see me,” he says, “but I accept a T-shirt on that says ‘Banks are not your friends.’ But like so abundant abroad in the blockchain amplitude appropriate now, he recognizes that we still charge them to action in society.
Rather than aloof HODLing or trading yourself, Mashinsky says it’s your albatross to advance the chat about cryptocurrencies and animate added bodies to accompany the revolution.
How Celsius Network Is Different from the Competition
You may not be able to absolutely Unbank Yourself aloof yet, but the Celsius angle is absolutely interesting. Beyond affective your bitcoins into an account, they’re talking about converting your authorization accumulation into stablecoins and earning 7.1% instead of zero.
Imges via Shutterstock, Celsius
