Goldman Sachs has extended its lending service to offer cash loans using Bitcoin as collateral, signalling Wall Street is further embracing cryptocurrencies
nice get by @Yueqi_Yang - the fact that Goldman Sachs are taking Bitcoin as collateral to lend cash is pretty big news and I doubt it's the only Wall Street bank that's accepting BTC as collateral. Story via @crypto https://twitter.com/...
Even though this has existed for years with companies like Anchorage or Silver Gate, it's the beginning of a new era in finance that Goldman is now also doing BTC backed loans. Retail banks will follow once they realize BTC is the most pristine collateral. https://www.coindesk.co…
On the one hand, Goldman offering facilities collateralised by $bitcoin is a BIG deal. On the other hand, DeFi is better in almost every respect. https://www.bloomberg.com/...