Austrian Platform 21bitcoin Launches Interest on Euro Balances with BTC Payout Option

Austrian Bitcoin platform 21bitcoin has introduced a 1.21% annual interest rate on uninvested Euro balances, offering customers the option to receive payouts in BTC without conversion fees. The service covers all Euro funds in accounts, including those reserved for limit orders or savings plans, with no minimum deposit or lock-up period. Interest is provided by the German bank Volksbank Raiffeisenbank Bayern Mitte eG, which holds a stake in 21bitcoin. The interest is subject to German withholding tax and the rate is variable.