Crypto Startup Casa Partners with BlockFi

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Digital assets security company Casa on June 25, 2019, announced a partnership with BlockFi, a fintech firm that offers cryptocurrency loans and interest-bearing accounts.

Easing Access to Crypto Financial Products

In a bid to provide digital asset holders easy access to BlockFi’s lucrative investment products, Casa has teamed up with the Mike Novogratz-backed startup.

In its blog post, Casa highlighted the lack of platforms in the crypto market that offer robust financial products without requiring investors to share their private details. To ensure that such barriers don’t discourage investors from using new-age financial instruments, the two firms have decided to team up with one another.

As per the terms of the partnership, Casa members will now be eligible for reduced rates on Bitcoin-backed loans from BlockFi. To be precise, customers can expect up to 50 basis points relaxation in BTC-collateralized loans. Existing Casa customers can also earn an extra ten percent bonus on interest earned each month on BlockFi Bitcoin interest accounts.

As for BlockFi customers, they will enjoy a $50 discount on Casa Node hardware with an included Gold Subscription. The existing BlockFi customers will also be eligible for a $500 discount on Casa Diamond with 3-of-5 Key Shield and around-the-clock team support.

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Staying true to its Seven Guiding Principles, Casa assured its customers that the partnership would have no adverse impact on their privacy. “BlockFi will never have access to Casa systems. There is no data sharing or systems integration involved,” the blog post reads.

Riding the Lightning

It’s worth highlighting that in its short history, Casa has been successful in launching several hardware devices to help with the adoption of the rapidly advancing cryptocurrency space.

As reported by BTCManager on September 7, 2018, Casa partnered with the team at Lightning Ramp to launch a Lightning Network-enabled node device called the Casa Lightning Node.

Earlier in 2018, the crypto startup also developed a secure Bitcoin cold storage wallet to keep the industry’s nefarious elements at bay.

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