DeFi-FinTech Kudona develops a digital savings passbook

0

– 3.8% interest with the latest crypto technology
– Insurance for customers’ money unique in the world
– Savings earn interest every day and can be withdrawn at any time
– Offer available for private and business customers everywhere Europe

VILNIUS, Lithuania and Hamburg, Germany, May 31, 2022 /PRNewswire/ — With a free savings app with a web app, Lithuanian fintech company Kudona, a subsidiary of German rubarb GmbH, wants to open the door to the world of decentralized financial markets (abbreviated: DeFi ) to savers throughout the euro zone. The goal: Investors who don’t have a deep understanding of financial matters should be able to benefit from the future of fintech today and earn interest in an era of negative interest rates and inflation. The target groups are private individuals as well as companies, which are particularly affected by negative interest rates. The app will be easy to use and has a strong focus on customer funds security.

Savings earn interest every day and can be withdrawn at any time

The user interface of the Kudona app is reminiscent of a conventional passbook. Users can deposit amounts from 500 euros by bank transfer or establish a standing order on his own bank account. They currently earn 3.8% interest on the money they save. The Kudona team generates this by converting the savings into digital US dollars (known as “Stablecoins”) and transferring them into DeFi protocols with attractive interest rates (via loans, staking or mining of cash) in the form of loans. With the excess interest, Kudona covers all of its operating costs.

Users can withdraw their savings at any time. Interest is credited to the respective customer account several times a day. This means that the concept is similar to that of a savings account – but currently pays significantly higher interest rates. To protect its customers against theft, faulty technologies, fluctuations in the value of the dollar against the euro or the failure of stablecoins, Kudona cooperates with the world’s leading providers of currency hedging and major insurance companies. “This type of insurance for clients’ funds in the field of innovative fintech is unique in the world. We want to take as many worries away from our clients as possible,” says the founder of Kudona, Fabien Scholz.

Contact:
Maleen Loffler
BrunoMedia GmbH
E-mail: [email protected]
Telephone: +49 (0)6131 – 9302831
Mobile: +49 (0)1520 – 172 69 4

SOURCE Kudona UAB

Share.

Comments are closed.