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You want your money to work for you, right? We understand. You've come to the right place. If your money is sitting in a bank account, inflation is definitely costing you money. High-yield savings account interest rates should beat inflation and make you money. Unfortunately, most high-yield and money market accounts don’t.
Introducing the Cashero High-Yield Wallet. We're not a bank, that's why you get inflation-beating, bank-beating rates of up to 6% APY.
When you deposit money into your Cashero high-yield wallet, it's converted to fully collateralized stablecoins. Cashero gets you the best annual percentage yields, between 2%-6%. How? By acting as a financial intermediary for you to lend stablecoins to borrowers as collateralized loans.
Leave the hard work of optimizing your finances to Cashero's yield generation algorithm. Do that thing rich people do, get richer while you sleep.
Ready to earn higher yields? Growing your wealth is easy with Cashero's high-yield wallet.
To get started with Cashero, download the app to your smartphone and fill out your details, such as name and surname, phone number for verification, and the details of your business, in case you are opening a business account. Once we verify your identity or the details of your company, you will have access to our high-yield wallet. You can then deposit money to the wallet, which will automatically start earning inflation-beating APY of 2%-6%.
On the main Wallet screen within the Cashero app, you’ll be able to click on Chart View. Here you can see how much you’ve deposited and your earnings over different periods of time.
APY stands for annual percentage yield. It's the effective rate of return for one year, taking compounding interest into account. When choosing a bank account or financial service provider for your finances, it is essential to look at APY comparison information to select a service with the best rates.
The short answer is no. The long answer is also no. Rest assured knowing that your wealth will grow without fees affecting your online earnings. The APY you see is the APY you get.
Yes. Cashero works with licensed financial institutions and banks. Cashero is licensed and supervised by the Swiss Financial Services Standards Association (VQF). User deposits are bankruptcy remote and cannot be used to pay the company's debts. Cashero Wallets utilize multi-party computation (MPC) and hardware isolation with Intel SGX enclaves. These complex security layers ensure that your funds remain safe and protected online.
When your money is converted into stablecoins, only fully collateralized stablecoins with third-party attestations are used. The bankruptcy-remote status of the stablecoin issuers is checked first. While the stablecoins that meet this criteria may change, what is not subject to change is Cashero’s commitment to safeguarding your money.