21bitcoin Starts Paying Interest on Idle Euros, Payable in BTC
- —1.21% annual rate applies to all euro balances, including funds reserved for limit orders
- —Interest can be collected in BTC with no conversion fee
- —No minimum deposit and no lock-up period
- —Customer euros sit in a segregated trust account at Volksbank Raiffeisenbank Bayern Mitte
Why it matters: Bank-style interest paid in bitcoin could pull European savings into BTC, though the rate is variable and depends on the German partner bank.
Source: Bitcoin Magazine