{"id":40005,"date":"2024-10-22T19:50:28","date_gmt":"2024-10-22T19:50:28","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/river-introduces-bitcoin-interest-on-cash-deposits-feature\/"},"modified":"2024-10-22T19:50:28","modified_gmt":"2024-10-22T19:50:28","slug":"river-introduces-bitcoin-interest-on-cash-deposits-feature","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/river-introduces-bitcoin-interest-on-cash-deposits-feature\/","title":{"rendered":"River introduces Bitcoin interest on cash deposits feature"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/151092534_m-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/151092534_m-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/151092534_m-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/151092534_m-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>River has announced a new feature dubbed, \u2018Bitcoin Interest on Cash\u2019<\/li>\n<li>The product allows customers to get BTC for interest earned on their cash deposits.<\/li>\n<li>The US-based platform will offer a 3.8% interest on the cash deposits.<\/li>\n<li>User funds are FDIC-insured via its partnership with Lead Bank, the exchange said in a press release.<\/li>\n<\/ul>\n<p>River, a US-based Bitcoin exchange provider, has introduced a new feature that lets users earn interest in <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a> on their cash deposits.<\/p>\n<p>The new product is \u2018Bitcoin Interest on Cash\u2019, River revealed in an <a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/10\/22\/2967101\/0\/en\/River-launches-Bitcoin-Interest-on-Cash-For-the-first-time-ever-investors-can-hold-dollars-and-earn-bitcoin-safely.html\" target=\"_blank\" rel=\"noopener\">announcement<\/a> on Tuesday. According to the company, the feature will allow customers to earn a 3.8% interest on their cash deposits.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Introducing 3.8% Interest on Cash\u2014Paid in Bitcoin!<\/p>\n<p>Stop letting your cash lose value to inflation, even in \u201chigh-yield\u201d accounts.<\/p>\n<p>Unlock the predictability of dollars with the opportunity to build real wealth in Bitcoin. Only on River. <a href=\"https:\/\/t.co\/EDr7jpMAPC\">pic.twitter.com\/EDr7jpMAPC<\/a><\/p>\n<p>\u2014 River (@River) <a href=\"https:\/\/twitter.com\/River\/status\/1848718565005779205?ref_src=twsrc%5Etfw\">October 22, 2024<\/a><\/p>\n<\/blockquote>\n<h2>River partnership with Lead Bank<\/h2>\n<p>River is not a bank. Howver, it has partnered with Federal Deposit Insurance Corporation (FDIC)-registered Lead Bank to insure customer\u2019s deposits up to $250,000. It means users\u2019 money in Lead Bank will benefit from FDIC insurance, with customers protected against a failure for the bank.<\/p>\n<p>River says users can withdraw their funds at any time.<\/p>\n<p>\u201cIn a world where traditional savings accounts are unable to fully protect your wealth, Bitcoin Interest on Cash offers a new path forward. By combining the predictability of cash with the opportunity of bitcoin, we\u2019re empowering you to take control of your financial future,\u201d Alex Leishman, chief executive officer at River, noted.<\/p>\n<p>Swan CEO Cory Klippsten commented on River\u2019s new product:<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I like <a href=\"https:\/\/twitter.com\/River?ref_src=twsrc%5Etfw\">@river<\/a>&#8216;s new product, paying 3.8% interest for a USD account in Bitcoin.<\/p>\n<p>It&#8217;s a simple automatic conversion of USD-&gt;BTC for the interest you&#8217;ve earned.<\/p>\n<p>I get 4.52% interest on cash, so I&#8217;d consider the foregone 0.72% the transaction fee. Not earth shattering, but cool!<\/p>\n<p>\u2014 Cory Klippsten \ud83e\udda2 Swan.com (@coryklippsten) <a href=\"https:\/\/twitter.com\/coryklippsten\/status\/1848800141496791481?ref_src=twsrc%5Etfw\">October 22, 2024<\/a><\/p>\n<\/blockquote>\n<p>According to the exchange, the 3.8% interest could be huge as Bitcoin price looks to rally. The same earnings over the past two years, for instance, could have returned 16 times the average savings account.<\/p>\n<p>Bitcoin traded around $67,500 on Tuesday, October 22, 2024.<\/p>\n<p>The current BTC price is up over 125% in the past year. Notably, the gains were much higher when BTC raced to its all-time high above $73,000 in March.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/river-introduces-3-8-bitcoin-interest-on-cash-deposits\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) River has announced a new feature dubbed, \u2018Bitcoin Interest on Cash\u2019 The product allows customers to get BTC for interest earned on their cash deposits. The US-based platform will offer a 3.8% interest on the cash deposits. User funds are FDIC-insured [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":40006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40005"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=40005"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/40006"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=40005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=40005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=40005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}