According to CoinDesk, River has launched a new product that provides interest on users’ cash deposits, payable in USD or BTC.

The “Bitcoin Interest on Cash” feature pays an interest rate of 3.8% (as of October 22).

River's goal is to allow Bitcoin users to earn BTC while maintaining their cash reserves.

River has partnered with Lead Bank, a member of the Federal Deposit Insurance Corporation (FDIC), to protect user deposits up to $250,000.

River emphasizes that its product provides returns on cash, not Bitcoin.