Is 8% per year, wouldn't it be more beneficial for you to buy bitcoin and Hold for a year?
Not really - this logic is flawed, because your just automatically assuming that BTC is going to go up every year, which is usually not the case. We saw a huge market crash the last year, and this site is promising
guaranteed returns of 8 percent a year. Just give them your money and you'll make it back.
This site doesn't actually look so bad, and I think it works off something like this.
- They raise capital via user funds, by offering pretty high rates
- They then use the funds they raised to fund safe high interest loans, that have collateral behind it.
- They make money off the spread.
Look at the stats, interest rates are capped at 8 percent a year and the credit they offer is min 8 percent. Actually seems like a pretty good idea...
IF they really use it for lending and make a high interest from borrower it is really possible for them to give 8% annual interest.
The real problem here is how secured your invesent will be. How they guaranty that your money is secured to them.