Currency Investments Now Available at Monobank

Monobank is launching a new currency investment feature through its "Bank" service. Users can now earn between 2.8% and 3.7% annually, depending on the currency, as reported by Oleg Gorokhovsky.

To start earning, users need to deposit 1100 US dollars or euros into the currency "Bank," which Monobank will then use to purchase government bonds. Investments in dollars will yield 3.7%, while those in euros will offer 2.8% per year.

Funds can be withdrawn at any moment, even just seconds after a deposit. This feature is currently being tested, and once 5000 users are onboarded, subsequent interested parties will be placed on a waiting list.

"At the moment, we lack sufficient currency government bonds to meet higher demand. However, if there is significant interest, we will acquire more and continue to expand," Gorokhovsky stated.