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On Tuesday, March 10, 2020, 12:04:26 PM EDT, BlockFi Product Updates <[email protected]> wrote:BlockFi_Logo_Watermark_White-01
BlockFi Now Supports Cash
We’re excited to announce a new product feature: the ability to send cash via wire. This marks the first time that you can use our services without ever having purchased crypto before. Starting today, you can send USD wires to our platform to purchase stablecoin, and begin earning up to 8.6% on USD-denominated assets.
Wires sent to us will immediately be exchanged for Gemini Dollars (GUSD). The product will be available in approved US states and internationally, getting us one step closer to offering US-grade financial services on a global scale. All stablecoin purchases will be deposited in to your BlockFi Interest Account (BIA) and will automatically start earning 8.6% APY.
Additionally, you can trade your stablecoin for other supported assets that we offer: BTC, ETH, LTC, and USDC.
How It Works
wires updated dashboard
Log in to your BlockFi account.
Select ‘Deposit’ in the top navigation bar.
Select ‘USD (wire transfer)’ as your deposit currency.
Follow the ‘Wire Deposit Info’ details and send your wire to BlockFi.
You will receive a confirmation email once we have received your wire. Due to the fact that banking transactions take longer than crypto transactions, please expect your stablecoin to show up on your Dashboard within 1 business day.
1. How do I get $25 in free BTC?
For a limited time, between 3/10/20 and 3/31/20, make one wire transfer of $1,000+ and earn $25 in free BTC. Your free $25 in BTC will be paid out with your March Interest Statement on April 1st, 2020.
Note: this promotion is applicable for one wire per client and must meet all promotion terms.
2. How do I get a 1% interest boost?
If you meet all of the requirements for the free $25 in BTC, you are also eligible to earn a 1% interest boost. All you have to do is maintain your new stablecoin funds ($1000+) plus any balance you had prior in stablecoin (USDC or GUSD), until June 30th, 2020. The boost will be deposited with your June Interest Statement.
Act fast – this offer will only be available during our wire launch promotion.
Please note that your bank may charge a wire transfer fee. Contact your banking institution for more information.
To see the full promotion terms click here. If you have any questions please reach out to [email protected] or give us a call at +1 646-779-9688.
Copyright © 2020. BlockFi, All rights reserved.
201 Montgomery Street, Second Floor, Suite 263
Jersey City, New Jersey 07302
This is a marketing email developed as marketing material for the BlockFi brand. Some of our emails may contain marketing links, which means we will receive a commission for purchases made via those links. Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. Cryptoassets are deposited into an account with Gemini or BitGo, our primary custodians and licensed depository trusts.
For more information, please see BlockFi’s Terms of Service.
*All USD values are based on the current price available from Gemini
BlockFi, 201 Montgomery Street, Second Floor, Suite 263, Jersey City, NJ 07302, USA, 646-779-9688