Crypto.com launches Cash Earn, offering up to 5% APY for U.S. users

￰0￱ has introduced Cash Earn, a new high-yield cash feature for U. S. customers, according to an announcement the company shared on Wednesday, October ￰1￱ program offers up to 5.00% annual percentage yield (APY) on cash balances, paid in Cronos ( CRO ) directly within the ￰2￱ ￰3￱ Dot collaboration brings FDIC-backed yield to ￰4￱ users Powered by Arc, Green Dot’s embedded finance platform, Cash Earn enables users to earn on cash held in an FDIC-insured ￰5￱ are protected through a deposit sweep program by Green Dot Bank and its network of participating FDIC-insured institutions, providing coverage of up to $5 ￰6￱ Anzures, General Manager, Americas and EVP of Payments at Crypto.

com, said: “We are aggressively focused on providing consumers with the most comprehensive and empowering financial technology platform – all conveniently accessible within one ￰7￱ are excited to deepen our work with Green Dot to provide ￰8￱ users a high-yield cash offering as part of an industry-leading financial technology experience.” The new feature allows users to earn yield with no minimum balance, no caps on earnings, and no lock-up ￰9￱ can be transferred via ACH through the app’s Cash Account, giving customers the option to grow cash holdings while waiting to invest in crypto or ￰10￱ Caine, SVP and General Manager of Banking as a Service at Green Dot, added: “Our partnership with ￰11￱ is about more than the democratization of crypto assets, and we’re thrilled to launch Cash Earn together to enhance the banking experience for Crypto.

com’s ￰12￱ partnership and the Cash Earn feature are built to give more people more power to buy, sell and use cryptocurrencies safely and securely in their everyday lives – and earn on their holdings while doing so.” Featured image via Shutterstock.