Mode, Crypto Banking App

Financial Chat Fintech Chat
21

Hi,

To answer the first question, Mode works with a number of market-leading crypto lending partners including Celsius Network, who provide bank-grade custody solutions and over collateralised loans.

And secondly, regarding Zeux, we are aware of how they’ve promoted their products. However, Mode’s Bitcoin Jar should not be compared to cash savings accounts and we are not promoting it as such. Firstly, it is an investment product that generates interest through cryptocurrency loans, and as with any other investment product users should decide whether this suits their risk appetite.

Thirdly, the interest is paid in Bitcoin, not Sterling. Bitcoin Jar is also not FSCS protected and we do not intend to be seen as cash savings alternative.

22

Actually, this is the best time to buy.

23

If

a) You hold a fair bit of Bitcoin
b) You think we’ve hit the bottom of the market (I don’t think we have by a long chalk)

24

Mode has recently been added to the full FCA cryptoasset register (Fibermode Limited). That makes it more appealing to me.

@Kai_Mode has Bitcoin Jar been discontinued?
I don’t see it on the current website.