Or I can get higher interest rates
from an actual bank and just buy Bitcoin instead. I don’t understand this product.
Discussion
If you DCA there you get this on the cash you have to deposit for DCA anyway
I believe a key factor is about friction and opportunity cost.
Its basically reducing friction + additional DCA in my opinion.
You get higher interest rates from certain banking products, sure, but what is the payout frequency?
Are those in money market funds or short term treasuries or something with a longer payout?
If the payout takes longer than a month, are you going to manually take out the dividends every, lets say, 3 months, to buy bitcoin? What if bitcoin does a 30-50% increase in that period?
Again. Up to users. Some users will love it. Some may not see the point. Its totally fine. I see it as value add for users who want to make better use of their cash thats allocated to bitcoin purchasing anyways.
nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en curious what were the feedback / learnings from existing customers that led to this development.