A lot of changes are coming to the cryptocurrency industry. Most of these developments are coming from within, as earning interest on crypto holdings is the main point of focus right now.
Looking beyond simply buying and holding appears to be the narrative for crypto enthusiasts in 2020.
Earning Interest with Litecoin and Edge
Given how the markets are evolving, that approach makes a lot of sense.
There is no point in sitting around and waiting to see what will happen next.
A passive revenue stream is always more than welcome under any market trend.
In the Ethereum ecosystem, earning passive revenue can be done by looking into DeFi solutions.
Those who are not interested in Ethereum can explore EOS and other ecosystems for similar products and services.
It now appears that the Edge wallet team is trying to let users earn interest as well.
The latest development in this approach comes in the form of Litecoin support.
Users can earn interest by simply holding LTC in their Edge wallet.
It is a good way to incentivize users to hold more coins for longer periods of time.
All of this is made possible thanks to Edge partnering Cred.
Other currencies have received a similar treatment courtesy of Edge in recent months.