Investment bank “Goldman Sachs” begins offering dollar loans secured by “Bitcoin”

Investment bank “Goldman Sachs” begins offering dollar loans secured by “Bitcoin”

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer Investment bank “Goldman Sachs” begins offering dollar loans secured by “Bitcoin”

Goldman Sachs, a multinational corporation, announced that it has started the first lending operations of fiat currency with a guarantee of Bitcoin for the first time in history, in a major step towards the adoption of digital currencies in traditional banking transactions.

A Goldman Sachs spokeswoman told Bloomberg

“Multinational Investment Bank Lends Money with a Guarantee that Borrower Holds Bitcoin for the First Time in the Bank’s History.”

This loan allows a Bitcoin holder to borrow a fiat currency such as the US dollar, by offering Bitcoin as collateral to the bank.

According to “Crypto News”, the intraday price change of Bitcoin may make such transactions very risky.

Read:Cryptocurrency market rises by more than 20 billion dollars, affected by the gains of Bitcoin and Ethereum

Goldman Bank is not the only bank that is experimenting with these experiments to link digital and encrypted transactions, as several Wall Street banking institutions are intensifying their movements towards the digital currency market.

While loans backed by cryptocurrencies were a staple in the world of decentralized finance (DeFi), a loan secured by cryptocurrency collateral has now become an alternative way to finance traditional banking operations.

Read:The supply of Tether (USDT) on the exchanges reaches its highest level in 6 months…what does this mean?

Read also:

The Bahamas intends to accept tax payments using cryptocurrency

The start of the third phase of the sale of Sheba lands in Metaverse..Payment in Sheba currency soon

And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
The former CEO of “Google” is betting on the future of Web 3.0 and reveals his possession of some digital currencies
Next post
Installing the first Bitcoin ATM in the Mexican Senate