blocktribune.com
Fiat-native public blockchain and frictionless money system Public Mint is collaborating with wealth management platform Abra to offer high-yield returns through Public Mint’s new program called EARN.
Public Mint EARN is the first mobile and web app of its kind, providing users the ability to use fiat currency to gain high return rates in the cryptocurrency space, offering improved governance and security without the complexity of multiple wallets/keys. With the Abra partnership, users can earn up to 6% – 8% Annual Percentage Yield (APY) on their US Dollars, compared to the near-zero rates offered by traditional investment products.
According to Public Mint, users don’t need to buy crypto and can rely instead on their regular money to participate. EARN navigates the complex crypto ecosystem with partners like Abra to diversify portfolios across centralized finance (CeFi) and decentralized finance (DeFi), which means users don’t need prior crypto knowledge. With just the click of a button, users can transfer funds to EARN and start making money by saving money.
“Abra is one of the earliest and most trusted brands in cryptocurrency. We are excited to be partnering with such an established provider to offer a reputable source of earnings to Public Mint’s EARN community of users,” said Halsey Minor, co-founder of Public Mint. “By partnering with Abra, we’re enabling consumers to gain exposure and confidence in decentralized finance using cryptocurrency in a safe and secure way.”
“As both cryptocurrencies and central bank digital currencies gain adoption, we see them used more for investments, deriving value from the financial economy. Bank savings’ meager returns will drive money to more lucrative options,” said Bill Barhydt, Founder and CEO of Abra. “Since July, our partnership with Public Mint’s EARN program has shown that diversified, secure and fruitful earnings are possible for consumers at every level, from crypto-hesitant to DeFi experts. The time is now to start earning.”