Goldman Sachs Issued Its First Bitcoin-Backed Loan

in #goldmansachs • 3 years ago

Goldman Sachs Bitcoin.jpg

New-York headquartered international investment bank Goldman Sachs allowed a borrower to get a cash loan by using BTC as collateral.

A release by Bloomberg says the loan was interesting to the institution due to its structure and risk management. This is an essential step by a leading bank that can boost Wall Street's crypto adoption.

Read more on BlockchainToday
Goldman Sachs Issued Its First Bitcoin-Backed Loan

#bitcoin #loans
3 years ago in #goldmansachs by
$0.00
    1 vote
    Reply 0

    Coin Marketplace

    STEEM 0.14
    TRX 0.25
    JST 0.035
    BTC 98994.93
    ETH 1909.53
    USDT 1.00
    SBD 0.82