Low and adverse rates of interest have been a burden for account holders throughout Europe for a while. And it’s solely getting worse, because the European Central Financial institution simply introduced a brand new charge reduce to a document low of -Zero.5%. Non-public and company prospects in lots of international locations on the continent don’t have plenty of choices to protect the worth of their holdings, not less than not within the fiat cash world. Nevertheless, cryptocurrencies which have seen a revival this yr supply an actual different – one that may deliver revenue as an alternative of losses.
Additionally learn: Large Banks Gained’t Contact Crypto Shoppers – However These Smaller Banks Will
Interest Rates Freezing Deeper
The European financial system by no means absolutely recovered from the 2008 world meltdown. What began as a subprime mortgage disaster within the U.S. the earlier yr, ultimately grew right into a large-scale worldwide banking disaster…