River Financial launches product providing interest in Bitcoin on cash deposits

Bitcoin-centric financial platform River Financial announced that it has launched a product that provides interest in Bitcoin (BTC) on cash deposits. According to CoinDesk, the product applies a floating interest rate, and the interest rate as of October 22 stands at around 3.8%. The product was launched in collaboration with Lead Bank, a member of the Federal Deposit Insurance Corporation (FDIC). With that, user deposits are protected up to $250,000.