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Goldman Sachs Partners With Coinbase For Bank’s First Bitcoin-Backed Loan

  • Coinbase collateralized bitcoin for a money mortgage with Goldman Sachs, the phrases of which are at the moment undisclosed.
  • The mortgage was facilitated by Goldman Sachs within the financial institution’s first bitcoin-backed mortgage.
  • Goldman beforehand launched itself to bitcoin by means of a non-deliverable bitcoin possibility facilitated by Galaxy Digital.

Coinbase, a widely known cryptocurrency change, has partnered with Goldman Sachs within the financial institution’s first bitcoin-backed mortgage, in accordance to a report from Bloomberg.

Reportedly, the mortgage facilitated by Goldman Sachs was its first lending facility backed by bitcoin. Coinbase, the borrower, acquired an undisclosed amount of money for an equally undisclosed quantity of collateralized bitcoin.

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