Place/Date: Cordoba, Argentina - June 30th, 2021 at 12:00 pm UTC · 3 min read
The Bitcoin ecosystem continues to grow as access is granted to RIF Token holders to gain access to a new investment wallet to get automatic yield.
Xcapit, the company that built an investment wallet on RSK network, is adding RIF token in its investment portfolio, allowing for retail users and RIF Holders to earn yield their RIF tokens in a way that is native to Bitcoin and noncustodial.
Xcapit allows users to generate automatic investment strategies with RIF, by integrating their Binance accounts with Xcapit. Users will be able also to connect with real economy, by allowing them to convert FIAT-RIF and vice versa (using Kripton API)
Built on top of RSK since it’s announcement, the launch of Xcapit represented a significant step forward in decentralized finance based on Bitcoin and it’s explosive growth drove also significant adoption of the Layer 2 protocol.
José Ignacio Trajtenberg, Xcapit CEO said:
“When we designed Xcapit, we did it thinking that the financial model could also be used with other assets. We believe that RIF offers many new infrastructure services through the RSK network, and this will accelerate the adoption of DeFi for Bitcoin. RIF will allow people using the RSK Infrastructure framework to yield on that. We are very happy to be able to collaborate with this amazing project.”
Diego Gutierrez Zaldivar IOV Labs CEO, commented:
“We are excited to have Xcapit integrated with RIF which will provide new opportunities to RIF token holders. It’s thrilling to experience how quickly the DeFi ecosystem has been growing, launching more products and achieving broader adoption.”
Xcapit is a blockchain and AI-driven investment wallet, which aims to encourage a culture of savings and promote financial education to learn about finance, set goals, save, invest and even donate money in a transparent way. All of that, without the need to be banked, have financial knowledge or have minimum capital to start.
RSK blockchain is the most secure smart contract platform in the world, secured by Bitcoin’s unparalleled hash power via merge-mining that adds value and functionality to the bitcoin ecosystem by enabling smart-contracts, near instant payments, and higher-scalability.
The network scales to up to 100 transactions per second without sacrificing decentralization, and reduces storage and bandwidth using probabilistic verification, fraud detection, and more.
RSK Infrastructure Framework (RIF) is a suite of open and decentralized infrastructure protocols that enable faster, easier and scalable development of distributed applications (dApps) within a unified environment to enable mass adoption of Bitcoin and RSK.