- The fintech Block Earner aims to yield cryptocurrency with minimal risk.
- The low volatility of AUD cash deposits between April and July resulted in the firm’s profits.
Block Earner, an Australian fintech startup built on blockchain technology that is delivering a new era of financial utility to the public, has taken the bold step of investing in a less risky business that offers double returns on digital currency.
The arrows of cryptocurrencies are declining day by day, and many of them are facing the red candle march this year. The fall of Terra and Luna has been a boon to the company because investors have been following it and investing in the low-risk platforms that it provides.
Apurva Chiranewala, Block Earners General Manager, said:
Given that the risks have gone up significantly for those returns, those guys have started coming in and engaging with us because we look like the less risky version of those double-digit return products.
Opt Low Risk But Gain Profit
He added that the majority of individuals were investing in Celsius and APYs before their crash. Additionally, the organization aimed to yield cryptocurrency with minimal risk. Moreover, he added, the business today generates single-digit currency and is a gold and USD earner. Additionally, the amount of Australian Dollar (AUD) cash deposits remained the same between April and July, suggesting a quick rise of 15% month over month.
There are pension schemes with a mandate to spend a very small fraction of their portfolio on high-yielding assets, along with venture capitalists with treasuries, hedge funds, private funds, and others.
The GM also added:
In the environment that we are in right now, it makes very little sense for us to market and acquire users. So we stopped, we pulled back a lot on our marketing strategy.
He also emphasized that by using this technique, the slope is climbing week over week and tracks the success of the firm.
