9 February 2014

Bitsavings Promises 5% Monthly Interest on Bitcoin Deposits

A bitcoin deposit service called Bitsavings is offering returns of 5% a month to anyone bold enough to put their savings there.


Despite the name, Bitsavings is not attempting to be a bitcoin bank and seems to be offering users worldwide a chance to buy into its trading scheme, which it says is “working fine thus far”.


The company, whose site went live 60 days ago, is based out of Panama according to a spokesman. Terms and conditions listed on the site state it is subject to the laws of Romania. The deposit address listed on the site, however, had recorded no activity and had a 0 BTC balance at the time of writing.


Continue reading at CoinDesk


February 10, 2014 at 04:45AM