Xcapit, a developer of a crypto investment wallet built on the RSK network, announced the integration of the RIF token. This enables RIF holders to earn a yield in a way that is native to Bitcoin and non-custodial.
By integrating their Binance accounts with Xcapit, the Xcapit wallet allows users to generate automatic investment strategies with RIF, users will also be able to connect with the real economy, by allowing them to convert fiat-RIF and vice versa (using Kripton API).
“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.”
– Xcapit CEO, José Ignacio Trajtenberg
Since its launch, Xcapit represented a significant step forward in decentralized finance (DeFi) based on Bitcoin and its growth helped drive notable adoption of RSK, the Bitcoin-based layer-2 protocol.
“We are excited to have Xcapit integrated with RIF which will provide new opportunities to RIF token holders. It is thrilling to experience how quickly the decentralized finance (DeFi) ecosystem has been growing, launching more products and achieving broader adoption.”
– IOV Labs CEO, Diego Gutierrez Zaldivar
RIF Token
Access and payment for RIF OS services are based on the RIF token, which allows developers to access the suite of services built on top of RSK Infrastructure Framework protocols such as identity, payments, gateways, storage, and communications including any third party-developed infrastructure services.