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Goldman Sachs Offers Its First Bitcoin-Backed Loan


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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

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