Crypto Lending Firm BlockFi Adds Support for Wire Transfers to Buy Crypto

Cointelegraph

Published Mar 10, 2020 09:01AM ET

Updated Mar 10, 2020 01:03PM ET

Crypto Lending Firm BlockFi Adds Support for Wire Transfers to Buy Crypto

Cryptocurrency lending platform BlockFi has added support for cash on its platform, which enables customers to purchase crypto through wire transfers.

The company revealed the new option in a press release on March 10, detailing that its users can now send wires transfers to BlockFi to buy digital currencies and earn up to 8.6% annual percentage yield. The wire transfer service is backed by financial services firm Silvergate and is available both domestically and internationally.

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