Goldman Sachs Is Bringing bitcoin-Backed Loans To Traditional Finance

От NewsBTC - 2 года назад - Время чтения: 2 минуты
пт, 29 апр. 2022 г., 11:00

Goldman Sachs Is Bringing bitcoin-Backed Loans To Traditional Finance

Lending and borrowing have become words that are associated with Bitcoin. This is the same with traditional finance where lending and borrowing remain a big part of the ecosystem. However, there has not been an intersection of these three. This has mostly stemmed from the distrust of traditional finance toward bitcoin. The digital asset which remains largely unregulated did not provide the kind of backing tradfi wanted. That is until now.

Investment bank Goldman Sachs has announced the introduction of Bitcoin-backed loans. In what is a first for a major U.S. bank, Goldman Sachs has expanded its crypto offerings to include these bitcoin-backed loans. It is the first secured lending facility of its kind which will lend out cash that is collateralized by BTC. 

Связанное чтение | Количество Bitcoin Миллионеры растут, поскольку накопление продолжается

Mostly, banks have shied away from the cryptocurrency due to its highly volatile and unregulated nature. Nevertheless, various institutions have taken to providing services that revolve around cryptos such as asset and wealth management, trading, and investment. All of which remains a far cry from cash loans that use bitcoin в качестве залога.

Подобный шаг приведет к тому, что не только Уолл-стрит быстрее примет криптовалюту, но и другие фракции традиционных финансов начнут двигаться в этом направлении. 

Goldman Sachs has no doubt evolved in its view of bitcoin over time. Less than two years ago, the bank did not believe that the cryptocurrency was an asset class. Since then, it has not only recognized it as an asset class but has been offering its clients a way to trade the cryptocurrency. It also boasts a crypto research team that publishes reports on the crypto market. Over the months, these reports have been mostly bullish toward digital assets such as Bitcoin и Эфириум.

Although this is the first for a major bank to accept bitcoin as collateral for a loan, it is in no way a novel concept. The rise of the decentralized finance (DeFi) space has seen users being able to borrow against their crypto holdings for a long time. There are DeFi protocols dedicated to this in the space.

Связанные Чтение | Bitcoin Ненадолго превышает 40,000 XNUMX долларов, так как все больше стран принимают криптовалюту

В этом отношении традиционные финансы догоняют DeFi, который не требует от физических лиц оформления кредита. Сделка, подобная той, которую предлагает Goldman Sachs, может помочь преодолеть разрыв между традиционными и децентрализованными финансами.

Bitcoin is trading at $38,927 at the time of this writing, down 2.64% in the last 24 hours.

Исходный источник: NewsBTC