Vega is a savings app where your money are placed in a yield bearing way. This is an easy way for you to earn a high yield on your money - and spend them easily with the Vega Card.
Yes, you can keep your bank and use Vega for what it is best for - a savings app that generates high yield on your money instead of the negative interest in your old bank.
Vega is bridging the gap to crypto where stablecoins generate high yields compared to bank interest rates. At Vega, we make it easy for you to gain access to these yields with low risk, so you don’t have to learn anything about the world of crypto.
A stablecoin is a cryptocurrency that is pegged to a normal currency, e.g. US Dollar. This means the price of a USD stablecoin always equals 1 USD. Because it is stable you will not have the volatility risk of a cryptocurrency where the price goes up and down.
It is risky to invest in volatile cryptocurrencies as the price can change very fast. And picking the right ones take a lot of knowledge. Therefore Vega only places your money in stablecoins and as the name indicates are having a fixed and stable price. This eliminates that major volatility risks of crypto and take advantage of the higher yield levels.
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