The announcement comes weeks before the Ethereum Merger.
Mexican exchange Bitso announced that it will now allow returns from its “Bitso+” platform in Ether (ETH) weeks before the Merger takes place. Previously, the company’s program included Bitcoin (BTC) and USD stablecoins and the tiered earnings are sent to its users every Monday.
The Mexican exchange explained the following:
“To take advantage of this advantage, users must enroll in Bitso+, our income generation program that can be easily found on the first screen of our app. Users already registered with the product do not need to do anything. The yields will begin to govern as of August 29, 2022.”
Last August 12, the co-founder of Ethereum, Vitalik Buterin, The Merge or the Fusion will launch on Ethereum on September 15. The ETH leader’s prediction coincided with developers who had set the same deadline for the network to complete its transition to Proof-of-Stake (PoS).
BeInCrypto previously explained that Ethereum’s Proof-of-Stake has been discussed since 2014, but is infamous for years of delays. Several key projects in the sector, such as Circle, Tether, Chainlink and Binance among others, and the Ethereum community itself have widely supported the update.
Ethereum Gains Positions prior to The Merge
The most famous event of the year in the crypto sector already has a launch date, something that years ago seemed very far away and seems to become a reality. Soon the crypto community will see its effects. ETH purchases have started to sprout in anticipation of the Merge opening up even the possibility of institutional investment, it may be for a while that Ethereum will lead the crypto market, leaving Bitcoin to follow its own path.
The Mexican exchange details that the returns for each ETH will be 2% per year and if the balance exceeds 1 ETH, the return in one year is 0.5%. Bitso reminds us that the yields are generated with the total of the balance.
“One of the most important benefits of the product is that your funds are always available to convert or withdraw, giving you the possibility of liquidity 24/7. Another important thing to mention is that your returns are calculated daily and sent to your account weekly on Mondays. A great way to start the week, don’t you think?”
At the end of July, Bitso announced that fans of the Mexican National Team and clients of the exchange will be able to buy official jerseys in Ethereum (ETH), in addition to the fact that buyers will be able to gain access to the first limited edition of non-fungible tokens (NFT).
Bitso did not reveal a date for the launch:
“Soon, you will be able to buy the beautiful new shirt of the Mexican National Team @miseleccionmx with the #ETH you have in your Bitso account. If you do, you will be one of the few people to have access to the first edition of National Team NFTs.”
It is worth remembering that in January, Bitso announced its partnership with the Mexican National Team, whose exchange logo will be worn by players at the upcoming FIFA World Cup Qatar 2022, as officials announced. Meanwhile, the Mexican National Team highlighted that the agreement with Bitso will allow them to develop new opportunities with fans, through the cryptocurrencies of the exchange’s catalog, such as Bitcoin, Ethereum, Shiba Inu, MANA, or The SAND.
The Mexican National Team confirmed that the jerseys can only be purchased by Bitso customers and they can be purchased in Ethereum; however, he did not reveal any more details about his first NFT collection, nor a date for both cases.
By Audy Castaneda
