You can't 'play' with trust money, but it must sit in a bank or deposit account, where it will earn interest (at least in normal times it will earn interest).
Under APRA APS 210 a bank should be able to treat this as retail money, therefore the bank can pay higher rates of interest.
RNT can take a cut / margin / fee of that interest.
Right now RNT probably won't get much for this cash, but as the amount grows, banks will pay more for the large amounts of cash (say $5,000 x 100,000 users). It is possible to make this money work harder. Interest rates will go higher eventually.
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.40M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 1.9¢ | $3.323K | 168.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 99952 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 160819 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 99952 | 0.019 |
2 | 77777 | 0.018 |
2 | 290000 | 0.017 |
2 | 600000 | 0.016 |
1 | 30000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 160819 | 1 |
0.021 | 157908 | 1 |
0.023 | 576190 | 2 |
0.024 | 20000 | 1 |
0.025 | 500000 | 1 |
Last trade - 15.53pm 08/11/2024 (20 minute delay) ? |
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