Free Bitcoin 2020

Image
Free Bitcoin 2020 Earn Free Bitcoin Daily in Internet 2020 Learn different ways to earn Bitcoins by completing simple tasks, Captcha’s and sell your Bitcoins for real money. Free Bitcoin 2020 What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency. Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets. Bitcoins in its pure essence is money. It is digital curren

Fidelity Digital to Accept Bitcoin as Collateral for Cash Loans

Fidelity Digital to Accept Bitcoin as Collateral for Cash Loans

Fidelity Digital says it will allow institutional customers to pledge bitcoin as collateral against cash loans in partnership with Blockfi. The firm’s decision helps bitcoin investors turn their digital holdings into cash without selling. Fidelity’s targeted clients include hedge funds, crypto miners, and over-the-counter trading desks.

According to a report that quotes Tom Jessop, the president of Fidelity Digital Assets, the firm is also envisioning “the loans to be longer-term than a typical repo trade.” Jessop adds:

We want to develop a world-class brokerage capability for assets of all types.

The decision by Fidelity’s digital assets division to accept bitcoin as collateral comes as the firm continues to report rising institutional interest in digital currencies. An earlier survey conducted by the firm found that 36% of the respondents held crypto in their portfolios. Additionally, about 60% expressed interest in bitcoin and other cryptocurrencies compared to 47% that had similar sentiment in 2019.

Still, the report clarifies that in order to benefit from the loan service, “a Fidelity customer will have to have an account with Blockfi.”

In the meantime, Blockfi CEO Zac Prince says his company “will risk-manage the famous volatility of bitcoin by offering cash worth 60% of a loan backed by the digital asset.” Still, he adds the program has room for “client-level customization and may be adjusted to meet the needs of large firms.”

What do you think of Fidelity’s decision to accept bitcoin as collateral? Tell us your thoughts views in the comments section below.

The post Fidelity Digital to Accept Bitcoin as Collateral for Cash Loans appeared first on Bitcoin News.



from Bitcoin News

Hot News

Free Bitcoin 2020

Defcon Speaker Discusses Liberating $300K Worth of Bitcoin From an Encrypted File