Goldman Sachs, one of the world’s largest investment banks, is getting in on cryptocurrency. The firm gave the go-ahead for its first-ever loan backed by bitcoin this week, a first for Goldman and a significant move in the larger financial sphere.
This isn’t a loan program you can just walk into Goldman looking for, at least for now. Only one such loan has been granted, according to a spokesperson for the bank, with bitcoin offered as collateral for the cash. Goldman found the deal “interesting” because of its 24-hour risk management, Bloomberg reports.
