RE: Number of users13 Jan 2021 15:25
You’re talking about over £1B in holdings, £1,162,500,000 if my math is correct as at 1Jan, 0.99% would be charged on Bitcoin deposit, so if you say half of the Bitcoin holders have deposited last year, you end up with £4.375m revenue straight away, without anything they do with the holding to generate cash e.g. lending Bitcoin out etc... This I would argue will be higher than the 1% achieved above. Loans are charged at 12% APR(should mitigate the 5% interest rate on Bitcoin Jar)should any of the loans have defaulted in 2020 MODE stands to make a ton of cash. Please bare in mind, the loans are short term at 90 days only extended dependent on circumstance. I’m not aware of any figures surrounding this facility, other revenue streams are conversion of currency, fiat lending etc ... More products in the pipeline, I think we’re on to a good thing here. This is not advice, please DYOR, GLA! :)