River crypto's move could attract conservative investors, setting a precedent for broader Bitcoin adoption.
exchange River Financial has announced a new feature allowing users to earn interest in Bitcoin on cash deposits. The platform now offers 3.8% interest for USD deposits, paid in BTC.He added that this feature makes it easier for users to transition from fiat to digital assets.River Financial’s new product lets users deposit USD into their accounts. The deposited cash earns a 3.8% annual interest rate, which is paid in Bitcoin.
The product is likely to appeal to users who want exposure to Bitcoin but are wary of volatility. By providing a stable yield on cash deposits, River is creating a safer entry point for new users. “This is a strategic move to attract more conservative investors,” added Sanders.While most banks offer lower rates, River’s offering could encourage users to explore Bitcoin’s potential. “This rate is higher than most savings accounts, making it attractive,” said financial expert Carla Hayes.
The interest program aligns with River Financial’s mission to make Bitcoin more accessible. It aims to show that Bitcoin can offer real-world benefits beyond price speculation. “We’re focused on making Bitcoin a viable financial tool,” Leishman stated.
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