Multifunctional bank Goldman Sachs seriously intends to join other financial giants that have started providing crypto services. The financial institution has previously issued its first cash loan secured by Bitcoin. A Goldman Sachs representative, whose name was not disclosed, has told reporters about it.
As part of a conversation with the media, a hidden source says Goldman Sachs thought for a long time whether it was worth it to decide on this experiment. According to the bank’s employee, the company management decided to try it after all, issuing a cash loan secured by BTC owned by the borrower.
The representative of the financial institution has stressed:
“In fact, the loan process itself was very interesting. This is new to us, because the procedure for processing a loan secured by Bitcoins is completely different from the traditional one. In this situation, we required from the client completely different documents and data, the process of checking the solvency of the borrower was also carried out differently.”
