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 Rootstock, 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 Rootstock 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 Rootstock network, and this will accelerate the adoption of DeFi for Bitcoin. RIF will allow people using the Rootstock Infrastructure framework to yield on that. We are very happy to be able to collaborate with this amazing project.
Diego Gutierrez Zaldivar, Rootstock cofounder, 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.”
About Xcapit
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.
For more information, visit https://www.xcapit.com/
About Rootstock
Rootstock is the first, biggest, and longest lasting Bitcoin sidechain. It is the only Bitcoin layer 2 that combines the security of Bitcoin’s proof-of-work, with Ethereum’s smart contract capabilities.
Rootstock is open-source, EVM-compatible, and secured by over 60% of Bitcoin’s hashing power, which makes it a gateway to a vibrant ecosystem of dApps that continues to evolve to become fully trustless.
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. Rootstock 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 Rootstock.
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