Coinbase And Goldman Sachs Join Forces On First Bitcoin-Backed Loan 

By Bitcoinist - 1 gore rapfuura - Nguva yekuverenga: 2 maminitsi
Thu, Chivabvu 5, 2022 2:30 PM

Coinbase And Goldman Sachs Join Forces On First Bitcoin-Backed Loan 

Coinbase, one of the biggest crypto exchange platforms, has used Bitcoin as collateral for a cash loan with Goldman Sachs; terms as to the number of loans or interest rates are undisclosed as of this writing.

The loan was initiated by Goldman Sachs as the bank’s first-ever loan that is backed by crypto, specifically Bitcoin.

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Crypto Sechibatiso

Iwe unogona ikozvino kunyorera chikwereti necrypto sechibatiso. Hungu, zvinobvira.

The loan given to Coinbase was reportedly the bank’s first bitcoin-backed loan. The amount and collateral are still unknown as of press time.

Kudyidzana pakati peCoinbase neGoldman Sachs kwakavhura mikova yakanangana nekugona kwemabhanga kana mari yefiat uye crypto kugarisana uye kubudirira muhupfumi.

Ndichiripo Bitcoin-backed loans facilitated in other platforms like that of Genesis Trading Fund with Signature Bank and Silvergate, this is a breakthrough partnership because Goldman Sachs isn’t a crypto or blockchain company and is in fact a large traditional financial institution.

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Genesis (crypto lending and trading) Managing Director, Matthew Ballensweig, shares that the standard terms with Bitcoin loans would be a loan-to-value ratio of 40% to 60%. Goldman Sachs is relatively new to the bitcoin space; specifically in loans hedged or collateralized with BTC.

Nekudaro, iyo kambani yakatoona maitiro eBTC kutanga kwaKurume neasina kupihwa BTC sarudzo kana chibvumirano chenyika mbiri chinobhadhara vanokwereta mumari. Kutengeserana kwakatangwa neGalaxy Digital Holdings, imwe yemasevhisi anocherechedzwa emari emari akagadzwa neaimbova shamwari yeGoldman Sachs.

Coinbase-Goldman Sachs Mubatanidzwa

Ndiani angadai akafunga kuti ichasvika nguva yaunogona kunyorera uye kuwana nod nechikwereti chinotsigirwa ne crypto?

Sezvineiwo, Goldman Sachs angave akaona kukwira kuri kuita kwekripto-backed zvikwereti mumaindasitiri akasiyana pasi rese uye aida kuyedza mvura isati yasvetukira mufungu guru rinotevera. Uye vakaita saizvozvo.

Kunyanya zvakadaro, Goldman Sachs yave inonakidza mushure mekunge yabvumira Coinbase nechikwereti chekutanga cheBTC-yakatsigirwa muna April. 

Iye zvino, makambani maviri aya akabatana pamwe chete nechikwereti chekutanga cheBTC-backed iyo yakagadzirirwa kuchinja nzira iyo zvikwereti zvebhangi zvinoitwa iko zvino uye mune ramangwana.

In fact, Goldman Sachs offering Bitcoin-backed loans is a strategy to speed up and boost the global adoption of cryptocurrencies.

Original source: Bitcoinndiko