[Digital Today Reporter Hyunwoo Choo] The virtual asset wallet service’Pigeon Wallet’ that optimizes security and convenience has launched a virtual asset deposit service.
The virtual asset deposit service is a service that pays interest when a virtual asset is deposited for a specific period.
The deposit service released by Pigeon Wallet this time is a product targeting Bitcoin. In this deposit service, provided through Bluefin, an asset management company under Vibric, a digital asset company, you can receive an interest of 8% compounded in bitcoin if you deposit for 30 days.
The virtual asset deposit service is being introduced one after another, mainly at domestic and foreign virtual asset exchanges, as the interest rate of deposits based on legal currency continues to be at a record low.
In addition, as decentralized financial markets such as DeFi are in full swing, virtual asset providers such as exchanges and wallet services are also attempting to break away from the existing fee-based business structure and secure competitiveness with virtual asset financial services.
Pigeon Wallet also plans to develop and expand deposit products tailored to the needs of users, focusing on high-demand virtual assets, including Bitcoin and Ethereum.
Pigeon Jagap’s bitcoin deposit service is a 30-day fixed product with a recruitment quantity, and the application for recruitment is received by the 17th, and after a 30-day deposit period, interest is paid on the principal. For more details, please visit the Dove Wallet website
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.