River Introduces 'Bitcoin Interest on Cash' Feature That Lets Users Earn Interest in Bitcoin on Their Cash Deposits

River, a US-based Bitcoin exchange provider, has introduced a new feature that lets users earn interest in Bitcoin on their cash deposits.

Bitcoin Exchange Provider River Now Offering 3.8% Interest On Cash DepositsBitcoin News

Bitcoin exchange provider River has introduced a new feature that allows users to earn interest in Bitcoin on their cash deposits. The new product is called ‘Bitcoin Interest on Cash’, the company announced in a statement on Tuesday. According to River, the feature will enable customers to earn a 3.8% interest on their cash deposits.

Introducing 3.8% Interest on Cash—Paid in Bitcoin!

Stop letting your cash lose value to inflation, even in “high-yield” accounts.

Unlock the predictability of dollars with the opportunity to build real wealth in Bitcoin. Only on River. pic.twitter.com/EDr7jpMAPC

— River (@River) October 22, 2024

The Bitcoin exchange provider noted that the new product is available to all users in the United States. It added that the interest is paid out daily and users can withdraw their funds at any time.

Moreover, River stated that the cash deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. This is because the exchange provider has partnered with Lead Bank, which is FDIC-registered.

“In a world where traditional savings accounts are unable to fully protect your wealth, Bitcoin Interest on Cash offers a new path forward,” said Alex Leishman, chief executive officer at River. “By combining the predictability of cash with the opportunity of bitcoin, we’re empowering you to take control of your financial future.”

Bitcoin fiyatı bugün yaklaşık 67.500 dolardı. Geçtiğimiz Salı günü itibariyle BTC fiyatı son 24 saatte yaklaşık yüzde 1,5 düştü. Öte yandan, kripto para birimi fiyatı son yedi günde yaklaşık yüzde 3 arttı ve son 30 günde yaklaşık yüzde 25 yükseldi.

Bitcoin’in 30 günlük fiyat grafiği. Kaynak: TradingView

Bitcoin fiyatı son bir yılda yaklaşık yüzde 125 arttı. Bununla birlikte, BTC fiyatı Mart ayında 73.000 doların üzerindeki tüm zamanların en yüksek seviyesine ulaştığında elde ettiği kazançlar çok daha fazlaydı.

Bitcoin haberlerini takip edin ve günlük güncellemeleri posta kutunuza alın!

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