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It seems like Wall Street gets deeper into crypto with each passing day. In what can only be deemed bullish for the ecosystem, Goldman has offered its first loan facility backed by bitcoin. This means that crypto investors can now borrow fiat money from Goldman using their bitcoin holdings as collateral. This is the first time in Goldman Sachs' history, that such a product has been offered. According to a spokesperson from Goldman, the most interesting part of the facility was its structure and round the clock 24-7-365-day risk management system. https://www.bloomberg.com/news/articles/2022-04-28/goldman-offers-its-first-bitcoin-backed-loan-in-crypto-push
Goldman Sachs has issued a request for information (RFI) to explore digital asset custody, according to a source inside the bank. The RFI was circulated to at least one well-known crypto custody player toward the end of 2020. The bank's digital assets initiative is "part of a broad digital strategy," the source said. https://www.coindesk.com/goldman-sachs-to-enter-crypto-market-soon-with-custody-play-source
the two are issuing a joint credit card that pairs with your iPhone to make managing money easier. The specs: The co-branded card will test with employees before officially rolling out to the rest of us this spring, per the WSJ. The allure: Cardholders will get extra features inside the Apple Wallet app—setting spending goals, managing balances, and tracking rewards. And the reason: Is youuuuu Times are changing... Faced with shrinking iPhone demand, Apple’s boosting its fee-generating services unit (with a $50 billion revenue target by 2020). It’ll snag a bigger share of fees from its own card than it can from card purchases made through Apple Pay right now. And Goldman wants to use its first credit card to appeal to the everyman (and offset a slump in securities trading). It’s got high hopes new Apple/Goldman customers might also become customers at its online consumer bank, Marcus.
via .ORGWorld News