Xcapit Integrates RIF Token on Its Investment Wallet

June 30, 2021 – Gibraltar, United Kingdom

The Bitcoin ecosystem continues to grow as access is granted to RIF token holders, allowing them to gain access to a new investment wallet and get automatic yield.

Xcapit, the company that built an investment wallet on the RSK network, is adding RIF token to its investment portfolio, allowing retail users and RIF holders to earn yield on their RIF tokens in a way that is native to Bitcoin as well as non-custodial.

Xcapit allows users to generate automatic investment strategies with RIF by integrating their Binance accounts with the platform. Users will also be able to connect with the real economy by allowing them to convert FIAT-RIF and vice versa (using Kripton API).

Announcing the launch of Xcapit, built on top of RSK, represented a significant step forward in decentralized finance that is based on Bitcoin. Its explosive growth has also driven significant adoption of the layer-2 protocol.

José Ignacio Trajtenberg, CEO of Xcapit, 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, CEO of IOV Labs, 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 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.

About RSK

RSK blockchain is the most secure smart contract platform in the world, secured by Bitcoin’s unparalleled hash power via merged mining that adds value and functionality to the Bitcoin ecosystem – enabling smart contracts, near instant payments and higher scalability.

The network scales 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.

Contact

Gloria Vailati, chief marketing officer of IOV Labs