Home » today » Business » Bitcoin offered by banks as collateral for loans

Bitcoin offered by banks as collateral for loans

Weekend Bitcoin we are still talking about it. The most surprising, and for some even exciting, is that it is the big banks that have introduced a new theme in the world of crypto-currencies. In practice, according to what has been stated by CoinDesk, several lenders would be keenly interested in using secured loans of Bitcoin. In other words, they would like to be able to offer their customers new loan formulas with the queen of crypto. collateral. Let’s find out all the details of this news that will generate movement in the world of crypto-currencies and, above all, in that of the market regulator of the United States of America.

Goldman Sachs and Other Wall Street Banks Offer Bitcoin Backed Loans

In the age of the digital economy, we are witnessing a general transformation of the world of finance. This is also due to the strong diffusion of cryptovaleur, once viewed with suspicion by those who today find them familiar with their investments. However, an important question that has only emerged since yesterday concerns Goldman Sachs and other banks of Wall Street. According to well-known internal rumors, the first-tier US bank is very interested in evaluating new loan formulas to offer to clients guaranteed by Bitcoin.

Therefore Goldman Sachs would have hinted CoinDesk that not only her, but other banks – 10 in all – would be inclined to assess and, possibly, to approve this route. One of the sources inside the facts allegedly said:

« Goldman is working on obtaining loan approval with collateral guarantees. And if they had a liquidator, they would only offer secured loans without Bitcoin never touch their balance sheet« .

However, as mentioned earlier, Goldman Sachs is not the only one interested in Bitcoin to come collateral. There are other banks that would like to implement a similar policy. This is confirmed by a second internal source he spoke to. CoinDesk of this case:

« We’ve talked to probably half a dozen major banks about secured loans women Bitcoin. Some of them would already like to implement them in the next three to six months, others later. The interesting thing is that some of these banks will use their balance sheets to grant the loan. Others will fix it« .

Obviously, this will shift the ranks between the banking regulators, many of whom are already thinking about introducing new rules from 2022. Who knows how the administration will react Biden which, as has already been demonstrated on other occasions, does not seem favorable or a Bitcoin nor to other crypto-currencies.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.