River Financial recently introduced an innovative savings product allowing users to earn 3.8% interest on cash deposits, payable in Bitcoin.
This new offering, known as Bitcoin Interest on Cash, aims to combine the stability of traditional savings with the growth potential of Bitcoin.
By partnering with FDIC-insured Lead Bank, River guarantees up to $250,000 protection on cash deposits, giving customers an extra layer of security alongside the chance to accumulate Bitcoin daily
The product was developed to address the challenges of traditional banking, where inflation often outpaces interest earnings.
With Bitcoin Interest on Cash, interest payments accrue in USD and can be converted into Bitcoin automatically, enabling users to grow their digital assets passively. Alex Leishman, CEO of River, explained that this option gives users a way to transition their savings from fiat to Bitcoin without sacrificing security.
River’s savings initiative also sets itself apart from previous crypto interest products that were higher-risk.
By earning interest solely on cash rather than Bitcoin, the platform eliminates the need for lending or speculative investments, allowing users to benefit from Bitcoin’s potential value growth in a low-risk environment. The feature is expected to appeal to Bitcoin enthusiasts and cautious investors alike, merging traditional savings benefits with digital currency returns.
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