River Financial introduces 3.8% BTC interest for cash deposits

• River Financial has launched a new feature allowing users to earn 3.8% interest on USD deposits, paid in Bitcoin.
• This initiative aims to bridge traditional banking and digital assets, offering a stable yield while accumulating BTC.

Bitcoin’s [BTC] 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.

This initiative aims to make Bitcoin more appealing to traditional investors by linking it with stable, interest-bearing accounts.

CEO of River Financial said,

“We want to provide a bridge between traditional banking and Bitcoin,”

He added that this feature makes it easier for users to transition from fiat to digital assets.

How does River’s BTC interest feature work?

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. Interest payments are credited to users’ accounts, enabling them to accumulate BTC over time. “This product encourages users to earn Bitcoin passively,” Leishman explained.

The earned interest is automatically converted into Bitcoin, using River Financial’s exchange rate. The process aims to offer users a seamless experience, making it easier to diversify into Bitcoin. “By earning interest in BTC, users benefit from Bitcoin’s growth potential,” Leishman noted.

Why this could be a game-changer? 

River Financial’s BTC interest program could reshape how investors view Bitcoin as an asset. It offers a unique way to blend traditional banking with digital currency returns. “Earning interest in Bitcoin is a novel approach that combines safety with potential growth,” said crypto analyst Amelia Sanders.

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.

The 3.8% interest rate is competitive with traditional savings accounts.

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.

Potential impact on Bitcoin adoption

River Financial’s initiative could lead to broader Bitcoin adoption among traditional investors. The ability to earn interest in Bitcoin may make digital assets more appealing.

Consequently, it could also set a precedent for other crypto exchanges to offer similar products. “We may see more platforms adopting this model,” Sanders predicted.

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.

River Financial’s decision to pay interest in Bitcoin for USD deposits represents a significant step forward for crypto adoption. By offering 3.8% cash interest paid in BTC, River bridges traditional banking and Bitcoin.

This could be a game-changer for the industry, potentially attracting a new wave of investors. As more people seek alternatives to traditional savings accounts, River’s new feature may drive broader interest in Bitcoin.