Is your Bank a better option for savings than cryptocurrency?

Okcash

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As of April 2016, the average savings interest rate was approximately 0.06% in the United States, according to GO BankingRates. Also, again according to GO Banking Rates, in the top 10 best savings account, the number one has an interest of 1.05%. This is quite shocking, as banks ask an interest of up to 23% on credit cards, personal loan, and student loans. So is banking savings account the best way to save your money and make a good income interest out of it? If you answered no to that question, you’re on the right track.

I present you OKCash. OKCash (OK) is a digital currency, also known as cryptocurrency, that works just like a bank savings account, but with much higher rates. The current rate of OKCash is 20%. That means, it is approximately 19 times higher than the highest saving account of 2016. Also OKCash provides you offers that no bank can offer you.

Decentralization (no middle man control, same benefits for everyone)

No monthly or annual fees

It is available to you 24/7 worldwide

Interest rate will never go below 0.3% (which is still 5 times higher than the lowest rate)

OKCash has a very user-friendly GUI (Graphic User Interface). On the GUI, you can see your total balance, your available balance, your staking balance and your outgoing transactions and your incoming transactions. Also, you can notice a different type of transaction with a dollar bill icon, this is called your “stake”, which is your interest. Unlike banks which will give you your interest at the end of the month, OKCash calculate your interest on a daily basis and the amount of money you have in your wallet will determine the frequency of those stakes.

Unlike many cryptocurrencies, OKCash is available on raspberry pi and pine64 among other IoT (Internet of Things) devices with the ROK OS, which greatly diminish the electricity cost of running your wallet, as it needs to be connected to the blockchain constantly to be able to stake your money.

As you can see, OKCash has a better interest rate than the average personal savings account. It is far more private, as you don’t have third parties holding your money and easy to use without monthly and yearly fees. All you need, is to have a device that runs your wallet 24/7 which is connected to the internet and some coins in it to start staking.

If you are a business and you believe in the future and OKCash, or if you are simply interested in okcash, don’t forget to register your business for free at okyourday and if you are either an individual or a business, don’t forget to come and download your wallet at okcash and watch or read the OK tutorials on the tutorials support board at okcashtalk.

by Shbour