283 sats \ 1 reply \ @TheBTCManual 22 Oct \ on: River Financial Allowing Users to Earn BTC Interest on Cash Deposits bitcoin
It sounds like a cool product, basically the tether trade, but you're giving up a few BIPs, if you are the type to buy on an exchange, and you're leaving funds to DCA and you collect interest in BTC on the cash balance that's an advantage
But what's the friction on this product as a US citizen versus the DIY option
Couldn't you just put your cash deposits in a money market fund or buy 3 month paper yourself and sweep the funds into Bitcoin?
write
preview
246 sats \ 0 replies \ @Wumbo OP 22 Oct
I had a similar thought. My initial thought on this product is that it might be a tie breaker if one is choosing between which KYC exchange one want to sign up with.
Also I think it could save someone a bank transfer, having their savings in the same business as where they buy BTC. You would not have to move the fiat interest to the exchange.
reply