HBD interest taking over Fiat money in savings
Since the introduction of the 20% APR interest on the HBD, this have brought the mindset of most Individuals in the blockchain to store HBD into savings in the blockchain for the benefits and profits attached to it in other to benefit as well which is a pretty and nice move at the moment.
The idea of saving the HBD in savings is to see the amount increase with the interest been attached to it which have brought so many people to invest in the blockchain rather than saving in a bank. I believe this is a good initiative and also a way to troop more people into crypto to also benefit from what crypto have to offer with the Hive blockchain showing that amazing features that keep progressing to change both the blockchain and lives positively.
With the idea of the interest attached will definitely take over the idea of saving fiat money where there is probably no interest attached to it when saving. Crypto is progressing daily and this idea will allow more people invest and save into crypto with benefits that can be achieved daily when saving.
Crypto is gradually taking over the idea of spending Fiat money especially with the existence of the stablecoin which is more attractive to invest your money on. The stablecoin sooner or later will be well known because it is progressing with the aim of maintaining that $1 range for HBD and with the interest attached to it as well makes it more better.
The turn up of HBD savings is pretty awesome which shows the stablecoin is accepted by majority and if this continues shows there's still more impact the HBD have in the nearest future to offer that will definitely change things positively over fiat money and also with the advantage of accepting crypto as well.
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Most banks have a very low positive interest for fiat money. This means that the bank is paying you the interest for the amount of fiat money you deposited. I also heard that some of the banks have negative interests for fiat money. This means that people pay the interest to the banks for their fiat money balances in their bank accounts.
Given the current circumstances, I think that Hive Dollars (HBD) is amongst one of the best investment options. It gives people outstanding interest (20% APR) with relatively low risk. It is obvious that more and more people choose to store at least a part of their money in Hive Dollars (HBD) savings. Me too. Nowadays I am constantly/consistently build my Hive Dollars (HBD) savings balance. This means that I make regular transfers to Hive Dollars (HBD) savings. Often multiple times per day, and often amounts as low as $0.01 HBD.
Five days ago (on 2022.04.30) I received $23.02 HBD interest for 2022 April, and I had $1407.92 HBD in savings. I currently have $1410.24 HBD in savings.
Have a nice day. All the best. Greetings and much love from Hungary.
Your right on that which I see it in a way of them been in charge of securing your money by getting interest from your savings but unlike the HBD it is a live changer and a more profitable way of saving which is the main talking point at the moment and I appreciate your efforts in saving yours as well.
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This is great! This only goes for HBD, right? Or do HIVE tokens also earn? (Or is there another incentive to putting HIVE tokens into savings, rather than powering them up?)
How often is the interest paid out?
I believe for now it is only the stablecoin that earn that 20% interest while putting it on savings while hive gain more rewards when powering up. The more HBD saved into savings the higher the profits and this can be claimed monthly which is pretty cool and a best way forward in benefiting from the interest.
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