{"id":1531,"date":"2024-10-23T19:44:32","date_gmt":"2024-10-23T19:44:32","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2024\/10\/23\/bitcoin-yield-on-dollars-yes-please\/"},"modified":"2024-10-23T19:44:32","modified_gmt":"2024-10-23T19:44:32","slug":"bitcoin-yield-on-dollars-yes-please","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2024\/10\/23\/bitcoin-yield-on-dollars-yes-please\/","title":{"rendered":"Bitcoin Yield On Dollars? Yes, Please."},"content":{"rendered":"<p>                        Follow Frank on <a href=\"https:\/\/x.com\/frankcorva\">X<\/a>.<\/p>\n<p>This morning, <a href=\"https:\/\/river.com\/\">River<\/a> announced its Bitcoin Interest on Cash feature through which it will offer a 3.8% interest rate \u2014 paid out in bitcoin \u2014 on the dollars you leave in the custody of the platform, which is FDIC insured up to $250,000.<\/p>\n<p>This yield is comparable to what you\u2019d earn in a high-yield savings account through an online bank like Ally, but again, you\u2019re earning bitcoin with River.<\/p>\n<p>If you\u2019re 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\u2019m going to take the yield I earn each month and buy bitcoin with it, though, I rarely remember to do this.<\/p>\n<p>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<p>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.<\/p>\n<p>(Well technically, I can\u2019t do this because I live in New York State, one of only two US states in which River doesn\u2019t serve clients. We have this thing in New York \u2014 a land once home to free people but that is now drowning in bureaucracy \u2014 called the \u201c<a href=\"https:\/\/www.dfs.ny.gov\/virtual_currency_businesses\">BitLicense<\/a>,\u201d which makes it <a href=\"https:\/\/www.nasdaq.com\/articles\/new-york-defends-old-money-while-crypto-industry-spends-its-golden-years-in-brighter\">quite difficult for Bitcoin startups to do business in the state<\/a>, but I digress.)<\/p>\n<p>There are no monthly fees or minimums to get started using this product, and users can withdraw their cash whenever they please.<\/p>\n<p>This isn\u2019t just something for Bitcoiners to celebrate, but it\u2019s also a great way to onboard normies to Bitcoin, most of whom are scared to buy bitcoin because of its volatility. Now, they don\u2019t have to buy it; they can just earn it for holding onto the type of money they\u2019re much more used to holding.<\/p>","protected":false},"excerpt":{"rendered":"<p>Follow Frank on X. This morning, River announced its Bitcoin Interest on Cash feature through which it will offer a 3.8% interest rate \u2014 paid out in bitcoin \u2014 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\u2019d earn [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1532,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1531","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/1531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=1531"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/1531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/1532"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=1531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=1531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=1531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}