Bitcoin Yield On Dollars? Yes, Please.

2024-10-23 18:19

Follow Frank on X.

This morning, River announced its Bitcoin Interest on Cash feature through which it will offer a 3.8% interest rate — paid out in bitcoin — on the dollars you leave in the custody of the platform, which is FDIC insured up to $250,000.

This yield is comparable to what you’d earn in a high-yield savings account through an online bank like Ally, but again, you’re earning bitcoin with River.

If you’re like me, a Bitcoin enthusiast who still likes to keep a sizable cash buffer in case of emergency, this is a pretty sweet deal. See, I have one of those high-yield savings accounts through Ally, and I tell myself I’m going to take the yield I earn each month and buy bitcoin with it, though, I rarely remember to do this.

Now, with River, I can essentially automate that process, allowing River to convert that filthy fiat yield into bitcoin for me at the end of each month.

(Well technically, I can’t do this because I live in New York State, one of only two US states in which River doesn’t serve clients. We have this thing in New York — a land once home to free people but that is now drowning in bureaucracy — called the “BitLicense,” which makes it quite difficult for Bitcoin startups to do business in the state, but I digress.)

There are no monthly fees or minimums to get started using this product, and users can withdraw their cash whenever they please.

This isn’t just something for Bitcoiners to celebrate, but it’s also a great way to onboard normies to Bitcoin, most of whom are scared to buy bitcoin because of its volatility. Now, they don’t have to buy it; they can just earn it for holding onto the type of money they’re much more used to holding.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97601.92 (+0.05%)
Объем 24H $90.872b
Изменеия 24h: 4.33 %, 7d: 6.92 %
Cегодня L: $94006.77 - H: $97681.32
Капитализация $1929.732b Rank 1
Цена в час новости $ 67067.16 (45.53%)

bitcoin yield dollars great platform addition enthusiasts

bitcoin yield → Результатов: 126


Cryptocurrencies, NFTs More Trusted to Deliver Top 2022 Returns: Survey

Bitcoin, other cryptocurrencies and NFTs are more trusted than stocks to give investors better returns in 2022, suggests a poll of close to 6,000 people on business networking site LinkedIn. The poll, conducted over the past two weeks, finds 30 per cent of respondents believe a cryptocurrency other than Bitcoin will yield the best results, […] The post Cryptocurrencies, NFTs More Trusted to Deliver Top 2022 Returns: Survey appeared first on NFT News Today.

2022-1-13 09:17


Регулируемая в Сингапуре компания запустила два биткоин-фонда

Базирующаяся в Сингапуре и регулируемая MAS финансовая компания Fintonia Group запустила два биткоин-фонда институционального уровня, сообщает Fund Selector Asia. Fintonia Bitcoin Physical Fund и Fintonia Secured Yield Fund предназначены для профессиональных инвесторов, которые ищут возможности взаимодействия с новым классом активов.

2021-11-27 17:25


Bitcoin is Stuck But its Correlation with Equities Is Increasing, Real Yield at Historic Low May Bring in Big Investors

Bitcoin is still up over 100% YTD and Ether 469%, while the total crypto market cap is holding on to its 116% gains from July low. MVRV ratio is currently low as well, at about 2.1. The post Bitcoin is Stuck But its Correlation with Equities Is Increasing, Real Yield at Historic Low May Bring in Big Investors first appeared on BitcoinExchangeGuide.

2021-11-17 16:29


2.8 Million Coinbase Users Earnings Yield on Crypto with ETH2 Staking, Driving 109% Surge in Rewards Revenue

After a drop in Q3, in which users traded other cryptocurrencies more than Bitcoin and Ether, Coinbase projects retail MTUs, and total trading volume to be higher in Q4. The post 2.8 Million Coinbase Users Earnings Yield on Crypto with ETH2 Staking, Driving 109% Surge in Rewards Revenue first appeared on BitcoinExchangeGuide.

2021-11-11 18:27


Institutions Exploring Yield Opportunities Across Layer 1s With “Greater Borrowing Appetite” for ETH – Genesis Q3 Report

Crypto lender Genesis reported a record $35. 7 billion in loan organizations for the quarter third of 2021, up 40% from the previous quarter and a growth of 586% year-over-year. In its Q3 report, the company noted the continuous institutionalization of Bitcoin has made it less attractive to more opportunistic traders.

2021-11-5 16:55


Purpose Investments планирует запуск трех крипто-ETF

Компания направила регулятору проспект и информационную форму для запуска трех активно управляемых биржевых фондов (ETF) с привязкой к криптовалюте – Purpose Crypto Opportunities, Purpose Bitcoin Yield и Purpose Ether Yield.

2021-10-21 16:01


ZooKeeper Launch Satoshi’s Oasis Paradise: Stake $ZOO to Earn $BTC

Bitcoin Press Release: ZooKeeper has launched a new staking pool called Satoshi’s Oasis Paradise, which allows users to now earn BTC, instead of XRP.  17th August 2021, GENEVA, Switzerland — Built on Wanchain, the Yield farming platform ZooKeeper has announced the launch of its new staking pool, Satoshi’s Oasis Paradise. The staking pool now offers […]

2021-8-17 16:00