There is no yield being earned on bitcoin. You earn interest on cash deposits, and that interest is then converted to bitcoin. It's quite similar to traditional offerings besides the last component.
We're not earning 1% on this product. We donโt receive the same interest rates as tradfi on large dollar balances.
Daily for the calculation yes.
Introducing 3.8% Interest on CashโPaid in Bitcoin!
Stop letting your cash lose value to inflation, even in โhigh-yieldโ accounts.
Unlock the predictability of dollars with the opportunity to build real wealth in Bitcoin. Only on River.
High-Yield Savings Accounts are misleading.
Youโre not saving anything, youโre actually getting poorer by 20% in 5 years!
The money supply is growing faster at 6.8% per year than you are earning dollar interest.
Know anyone who uses a HYSA? Tag them below.
Love to hear it! Weโre happy to have you
Absolutely, but knowing some people won't for a variety of reasons, exchanges need to do better too.
Correct, but proof of assets without proof of liabilities would have still made scandals like FTX and Prime Trust come out much sooner before they further escalated.
If we donโt normalize Proof of Reserves, weโre going to get paper bitcoin.
Ask your exchange where their reserves page is. Here is ours ๐ river.com/reserves
You deserve to know your bitcoin is safe. That's why today, we're announcing River Proof of Reserves.
Our Founder and CEO Alex Leishman walks you through how it works in the video ๐
Proof of Reserves is not just a new feature at River, but a commitment to transparency.
Many Bitcoin custodians ask for your blind trust, and deflect concerns around solvency by telling you to withdraw or reassuring you they're audited. But not every Bitcoiner is ready to self-custody, so it's time for our industry to do better.
The Bitcoin protocol gives us the tools to provide unprecedented transparency to depositors. This drastically reduces the risk of insolvency going undetected.
We will be performing proof of solvency attestations monthly, and encourage all clients to validate our attestations themselves at https://river.com/reserves
There is a surge of business bitcoin adoption happening, including 1000+ companies on River.
We're proud to present our new report: Why Business Bitcoin Adoption Grew by 30% in 1 Year.
In this report:
- An overview of business adoption so far
- Where adoption stands today by all publicly available information
- Case studies of 7 companies using bitcoin
- Why business treasuries today lose value
- Bitcoin's role as a treasury asset
- River-specific insights
- How businesses are using bitcoin for payments
If you'd like to help us spread business bitcoin adoption, please share this with business owners you know!
You can find the report here: https://blog.river.com/business-bitcoin-adoption-2024/
Seems like your fault for having fiat in river and not Bitcoin in your wallet. I have a strong feeling you're leaving out some details. nostr:nprofile1qqsrtv3u6qkj6a09tnhr3l0wy67g9uw3t57ftqyqpvztpk3wmd6306spz4mhxue69uhhyetvv9ujuerpd46hxtnfduhs9vgya8 can you help this man?
He is correct that we are unable to share the reasons for account closure. His case has been closed, but he is understandably not happy about our decision.
Is going all-in on bitcoin the greatest thing you ever did?
Here is how to add it to your resume.
Everyone loves dollars, but the dollar doesn't love you back ๐ธ๐
Check out the real reason why our currency is broken, and what you can do to protect your savings.
Send this video to your friends who still don't get it ๐
These are the top 20 entities by bitcoin holdings ๐
(as far as we know)
12 of them are holding clients' bitcoin.
If you're one of the unknowns, don't let us know in the comments ๐คซ
60% of the top hedge funds own Bitcoin ETFs and none are selling
In terms of what we should improve about the product: a lot of people asked us to build specific features they want that competitors offer so that they can have everything in one place.
2 weeks ago we had a blast at nostr:npub1rwh33t5x8n7czknhts5fg0v0fml8mkl7neaarksumkkf8d679qrqcz7avv
We're still energized by all of the interest, questions, appreciation, and thoughtful feedback we got from everyone who visited us ๐งก
Some people ask "Why does Bitcoin have value?"
The real starting point to answer this question is:
If we could redesign money, what qualities would we want it to have? ๐ค
PS: How cool is that animation at 1:55 ๐๐คฏ