Michael Saylor, founder and executive chairman of Strategy, has announced that several major banks, including BNY Mellon, Wells Fargo, Bank of America, Charles Schwab, JPMorgan Chase, and Citigroup, have started issuing loans backed by Bitcoin. This development marks a significant step in the integration of cryptocurrency into traditional financial services, potentially expanding the use of Bitcoin as collateral in the banking sector.
Major Banks Begin Issuing Bitcoin-Backed Loans, Says Michael Saylor
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