@River now lets you set up an account, deposit that money, and earn 3.8% interest on it. The interest is earned daily, and it's paid out monthly in bitcoin. If you look at bitcoin’s history and use that performance, then with 3.8% of your money paid up in bitcoin and held forward, it gives you an effective earnings rate of 10% to 15% on that cash holdings that is still just sitting there in US dollars in an FDIC insured account with a bank. Look into this if you do have US dollar funds that are going to just continue sitting. …here are links. I may get a reward too if you use my link/code 3AA3LDYL to sign up.
https://river.com/signup?r=3AA3LDYL
Here’s their release:
https://river.com/bitcoin-interest
Here's a video for the nitty-gritty of why, and what exactly, by @preston with @leishman on YouTube.
https://youtu.be/LHS8hsNOiqM
Do you guys currently hold an emergency savings account? This would be something that's in an actual savings account/money market account that is just held in US dollars for a rainy day or in case of emergencies. It's the one that people say should be 3-6 months worth of money. If so, and you do want to keep those as US dollars sitting in an account, this would be perfect for that.
https://m.primal.net/Lgfj.jpg
Can you use it in NY?
From their website „We currently do not support New York, Nevada, Idaho, or any locations outside of the USA.“
Can't wait until NY is no longer a 3rd world country
Already a customer and already draining my old bank account.
Agree. Crazy how many closeted fiat maxis came out to say Treasuries are better. Which is insane for a Bitcoin person to say. You have to be wildly bearish on BTC for that to be true.
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