30 June 2021, Gibraltar, United Kingdom
The Bitcoin ecosystem continues to flourish as RIF Token holders are offered access to a new investment wallet where they can earn an automated income.
Retail users and RIF holders will be able to earn income on their RIF tokens in a way that is inherent to Bitcoin and noncustodial thanks to Xcapit, the firm that designed an investment wallet on the RSK network.
By linking their Binance accounts with Xcapit, customers can develop automatic investment strategies with RIF. Users will also be able to interface with the real economy by converting FIAT-RIF and vice versa (using Kripton API)
The debut of Xcapit, which has been built on top of RSK since its inception, was a big step forward in decentralized finance based on Bitcoin, and its spectacular growth encouraged significant adoption of the Layer 2 protocol.
Xcapit CEO Jose Ignacio Trajtenberg stated, “When we built Xcapit, we thought the financial model could be employed with various assets.” We believe that RIF’s RSK network provides numerous new infrastructure services, accelerating the adoption of DeFi for Bitcoin. People who use the RSK Infrastructure framework will be able to yield on RIF. We are ecstatic to be able to work on such a fantastic project.
Diego Gutierrez Zaldivar, CEO of IOV Labs, had this to say “We are pleased to announce the integration of Xcapit with RIF, which will present RIF token holders with additional prospects.
It’s exciting to see how quickly the DeFi ecosystem has grown, with more items being released and wider acceptance.”
Xcapit Information
Xcapit is a blockchain and AI-powered investment wallet that intends to promote financial education and cultivate a culture of saving by allowing users to learn about finance, establish goals, save, invest, and even contribute money in a transparent manner. All of this is possible without the need to be banked, have financial understanding, or start with a little amount of money.
Visit https://xcapit.com/ for more information on RSK.
The RSK blockchain is the world’s most secure smart contract platform, safeguarded by Bitcoin’s unrivaled hash power via merge-mining, which adds value and functionality to the bitcoin ecosystem by enabling smart contracts, near-instant payments, and increased scalability.
The network scales to up to 100 transactions per second without affecting decentralization, and uses probabilistic verification, fraud detection, and other techniques to reduce storage and bandwidth.
RSK Infrastructure Framework (RIF) is a set of open and decentralized infrastructure protocols that allow for the development of distributed applications (dApps) in a single environment, allowing for widespread adoption of Bitcoin and RSK.
Visit https://www.rsk.co/ for additional details.
Gloria Vailati, Chief Marketing Officer, IOV Labs gloria@iovlabs.org/nRead More