{"id":139259,"date":"2024-10-10T07:00:42","date_gmt":"2024-10-10T04:00:42","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139259"},"modified":"2024-10-10T03:27:36","modified_gmt":"2024-10-10T00:27:36","slug":"latin-neobank-littio-introduces-blockchain-backed-yield-accounts-for-savers","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/latin-neobank-littio-introduces-blockchain-backed-yield-accounts-for-savers\/","title":{"rendered":"Latin Neobank Littio Introduces Blockchain-Backed Yield Accounts for Savers"},"content":{"rendered":"
Littio<\/a><\/strong>, a Colombian neobank focused on combating currency devaluation in Latin America, has partnered with OpenTrade<\/a> <\/strong>to offer innovative financial products via the Avalanche<\/a> <\/strong>blockchain. By utilizing OpenTrade\u2019s real-world asset (RWA)-backed yield vaults, known as \u201cYield Pots,\u201d Littio provides customers with dollar-denominated savings options that yield returns backed by U.S. Treasury Bills.<\/p>\n This collaboration enhances Littio\u2019s ability to serve the region\u2019s growing demand for secure financial solutions, particularly among users facing high inflation and limited access to banking services.<\/p>\n The partnership comes at a crucial time for Latin America, where nearly 70%<\/a><\/strong> of the population remains unbanked, often due to strict regulations and a lack of trust in traditional banks. Littio\u2019s mobile app addresses this gap by allowing users to easily convert local currencies into dollars through USDC<\/a><\/strong>, and to save and spend these funds securely. With over $80 million in transactions processed and nearly $250,000 in user returns generated within four months, the Yield Pots have already demonstrated their appeal.<\/p>\n