Crypto
The Emergence of Cryptocurrency-Backed Loans and Lending Platforms
Because of
their potential for large profits and decentralized nature, cryptocurrencies
have attracted the attention of investors and enthusiasts all around the world.
As the bitcoin ecosystem evolves, new financial services and platforms to
harness these digital assets emerge.
Cryptocurrency-backed
loans and lending platforms are one example of such innovation. In this
article, we will look at the rise of cryptocurrency-backed loans and lending
platforms, the benefits they provide, and the ramifications for borrowing and
lending in the future.
Bitcoin-backed
loans are a sort of loan in which individuals can borrow money using their
bitcoin holdings as collateral. Borrowers use this strategy to secure loans by
pledging digital assets like as Bitcoin, Ethereum, or other cryptocurrencies.
The lender assesses the value of the collateral and lends credit based on a
specific loan-to-value ratio. If the borrower does not return the loan, the
lender may liquidate the collateral to recoup the funds.
Several
reasons have contributed to the rise of cryptocurrency-backed loans. To begin
with, these loans allow cryptocurrency owners to access the value of their
digital assets without having to sell them. Borrowers can access fiat dollars
or stablecoins while still preserving control of their digital assets by using
their cryptocurrencies as collateral. This is especially advantageous for
investors who trust in the long-term value of their cryptocurrencies but do not
want to incur capital gains taxes or miss out on any future price appreciation.
Another
benefit of cryptocurrency-backed loans is their quickness and convenience.
Traditional lending methods can be time-consuming and include a lot of
paperwork and credit checks. In contrast, cryptocurrency-backed loans use blockchain
technology and smart contracts to automate and streamline the lending process.
As a result,
approval times are lowered and bureaucracy is reduced. Furthermore, because
cryptocurrencies are borderless, individuals can get these loans from anywhere
in the globe, with no territorial limits.
Moreover,
cryptocurrency-backed loans offer an alternate borrowing option for people who
may not have access to traditional banking services. Many people around the
world are unbanked or underbanked, with no or restricted access to credit due
to reasons such as a lack of credit history or a lack of financial
infrastructure.
Borrowers
can access cash without relying on traditional financial institutions, making
cryptocurrency-backed loans a decentralized and inclusive alternative. This has
the ability to empower individuals and drive global financial inclusion.
Along with
individual borrowers, cryptocurrency-backed loans benefit institutional
investors and corporations. These loans can be used by institutional investors
to improve their investment strategy, such as leveraging their bitcoin holdings
for increased trading capital or liquidity.
Businesses,
particularly those in the cryptocurrency business, can use their bitcoins as
collateral to get working finance or fund expansion ambitions. This saves them
the time and effort of looking for traditional financing options, and it gives
them greater flexibility in managing their cash flows.
The advent
of cryptocurrency-backed loans has also resulted in the emergence of specialist
lending platforms that support these transactions. These lending platforms
bring together borrowers and lenders, creating a market for
cryptocurrency-backed loans.
Borrowers
can make loan requests, indicating the desired loan amount and terms, while
lenders can examine existing loan opportunities and select the ones that match
their risk tolerance. To calculate loan terms, collateral valuations, and
interest rates, these platforms frequently use complex algorithms and risk
assessment models.
Lending
platforms are also critical to the security of cryptocurrency-backed loans.
They often use strong security methods such as multi-factor authentication,
cold storage for collateral, and insurance coverage for potential hackers or
thefts. This reduces the dangers involved with dealing with cryptocurrency and
gives borrowers and lenders with peace of mind.
As the
popularity of cryptocurrency-backed loans and lending platforms grows,
regulators are closely watching their activities and deciding the proper
regulatory frameworks. The regulatory landscape for cryptocurrencies is
constantly growing, and different jurisdictions regulate these novel financial
services in different ways.
Regulations
are necessary to safeguard consumers, prevent money laundering, and preserve
the financial system’s stability. As the market evolves, regulatory clarity is
anticipated to rise, laying the groundwork for the expansion and broad use of
cryptocurrency-backed loans.
Building a Regulatory
Framework for Cryptocurrency-Backed Loans and Lending Platforms
The rapid growth of the
cryptocurrency market has given rise to innovative financial products and
services. One such development is cryptocurrency-backed loans and lending
platforms, which allow individuals to use their digital assets as collateral to
secure loans or earn interest through lending. However, with this emerging
sector comes the need for a well-defined regulatory framework to ensure
consumer protection, mitigate risks, and foster the growth of this nascent
industry.
By striking
the right balance between innovation and oversight, regulators can foster a
thriving cryptocurrency lending ecosystem that benefits both individuals and
the broader financial system.
Consumer Protection
The foremost consideration in
regulating cryptocurrency-backed loans and lending platforms should be the
protection of consumers. To achieve this, regulators must focus on 3 different
elements:
- Transparency: Lending platforms
should provide clear and comprehensive information regarding loan terms,
interest rates, fees, and risks associated with borrowing or lending against
cryptocurrencies. Disclosure of potential risks and rewards should be easily
accessible to users, enabling them to make informed decisions. - Anti-Money Laundering (AML) and
Know Your Customer (KYC) Procedures: Robust AML and KYC procedures are
essential to prevent illicit activities such as money laundering, terrorist
financing, and fraud. Implementing these procedures would ensure that lending
platforms have proper identification processes for users and comply with
relevant regulatory requirements. - Secure Custody Solutions:
Cryptocurrency lending platforms must implement stringent security measures to
protect users’ funds and digital assets. This includes secure custody
solutions, multi-factor authentication, encryption, and regular security
audits.
Risk Management
Due to the inherent volatility
of cryptocurrencies, risk management should be a key aspect of the regulatory
framework.
Lending platforms should establish rigorous procedures to
assess the value and risk associated with the collateral being offered.
Adequate margin requirements should be set to protect against sudden price
fluctuations and ensure sufficient collateral coverage.
Loan-to-Value (LTV) ratio
limits should also be thought of. Regulators may consider imposing maximum LTV ratios to prevent
excessive leverage, reducing the risk of default and potential systemic issues.
Striking the right balance between lending limits and borrower eligibility is
crucial to avoid overexposure.
Regular stress testing and risk assessments should also be conducted to
evaluate the platform’s ability to withstand adverse market conditions. This
would ensure that lending platforms have sufficient capital reserves to manage
potential losses.
Market Integrity and Fair Competition
To foster fair competition and
maintain market integrity, cryptocurrency lending platforms should be required to obtain appropriate
licenses or registrations, ensuring compliance with applicable laws and
regulations. This would prevent unregulated entities from entering the market
and enhance transparency.
Moreover, lending platforms should disclose any conflicts of interest that may
arise from their operations, including ownership relationships, affiliations,
or partnerships that could potentially compromise the interests of borrowers or
lenders.
Lastly, regulators should establish clear guidelines and
enforce regulations to prevent insider trading and market manipulation in
cryptocurrency lending markets. This would safeguard the integrity of the
market and protect users from unfair practices.
Conclusion
Finally, the
introduction of cryptocurrency-backed loans and lending platforms represents a
substantial change in the financial system. These loans enable cryptocurrency
owners to access the value of their digital assets while maintaining ownership.
The speed, ease, and inclusiveness of cryptocurrency-backed loans create new
options for individuals and enterprises by circumventing traditional banking limits.
Lending
systems connect borrowers and lenders while assuring secure and efficient
transactions. As the cryptocurrency ecosystem evolves, cryptocurrency-backed
loans and lending platforms are likely to play a larger role in influencing the
future of borrowing and lending.
Because of
their potential for large profits and decentralized nature, cryptocurrencies
have attracted the attention of investors and enthusiasts all around the world.
As the bitcoin ecosystem evolves, new financial services and platforms to
harness these digital assets emerge.
Cryptocurrency-backed
loans and lending platforms are one example of such innovation. In this
article, we will look at the rise of cryptocurrency-backed loans and lending
platforms, the benefits they provide, and the ramifications for borrowing and
lending in the future.
Bitcoin-backed
loans are a sort of loan in which individuals can borrow money using their
bitcoin holdings as collateral. Borrowers use this strategy to secure loans by
pledging digital assets like as Bitcoin, Ethereum, or other cryptocurrencies.
The lender assesses the value of the collateral and lends credit based on a
specific loan-to-value ratio. If the borrower does not return the loan, the
lender may liquidate the collateral to recoup the funds.
Several
reasons have contributed to the rise of cryptocurrency-backed loans. To begin
with, these loans allow cryptocurrency owners to access the value of their
digital assets without having to sell them. Borrowers can access fiat dollars
or stablecoins while still preserving control of their digital assets by using
their cryptocurrencies as collateral. This is especially advantageous for
investors who trust in the long-term value of their cryptocurrencies but do not
want to incur capital gains taxes or miss out on any future price appreciation.
Another
benefit of cryptocurrency-backed loans is their quickness and convenience.
Traditional lending methods can be time-consuming and include a lot of
paperwork and credit checks. In contrast, cryptocurrency-backed loans use blockchain
technology and smart contracts to automate and streamline the lending process.
As a result,
approval times are lowered and bureaucracy is reduced. Furthermore, because
cryptocurrencies are borderless, individuals can get these loans from anywhere
in the globe, with no territorial limits.
Moreover,
cryptocurrency-backed loans offer an alternate borrowing option for people who
may not have access to traditional banking services. Many people around the
world are unbanked or underbanked, with no or restricted access to credit due
to reasons such as a lack of credit history or a lack of financial
infrastructure.
Borrowers
can access cash without relying on traditional financial institutions, making
cryptocurrency-backed loans a decentralized and inclusive alternative. This has
the ability to empower individuals and drive global financial inclusion.
Along with
individual borrowers, cryptocurrency-backed loans benefit institutional
investors and corporations. These loans can be used by institutional investors
to improve their investment strategy, such as leveraging their bitcoin holdings
for increased trading capital or liquidity.
Businesses,
particularly those in the cryptocurrency business, can use their bitcoins as
collateral to get working finance or fund expansion ambitions. This saves them
the time and effort of looking for traditional financing options, and it gives
them greater flexibility in managing their cash flows.
The advent
of cryptocurrency-backed loans has also resulted in the emergence of specialist
lending platforms that support these transactions. These lending platforms
bring together borrowers and lenders, creating a market for
cryptocurrency-backed loans.
Borrowers
can make loan requests, indicating the desired loan amount and terms, while
lenders can examine existing loan opportunities and select the ones that match
their risk tolerance. To calculate loan terms, collateral valuations, and
interest rates, these platforms frequently use complex algorithms and risk
assessment models.
Lending
platforms are also critical to the security of cryptocurrency-backed loans.
They often use strong security methods such as multi-factor authentication,
cold storage for collateral, and insurance coverage for potential hackers or
thefts. This reduces the dangers involved with dealing with cryptocurrency and
gives borrowers and lenders with peace of mind.
As the
popularity of cryptocurrency-backed loans and lending platforms grows,
regulators are closely watching their activities and deciding the proper
regulatory frameworks. The regulatory landscape for cryptocurrencies is
constantly growing, and different jurisdictions regulate these novel financial
services in different ways.
Regulations
are necessary to safeguard consumers, prevent money laundering, and preserve
the financial system’s stability. As the market evolves, regulatory clarity is
anticipated to rise, laying the groundwork for the expansion and broad use of
cryptocurrency-backed loans.
Building a Regulatory
Framework for Cryptocurrency-Backed Loans and Lending Platforms
The rapid growth of the
cryptocurrency market has given rise to innovative financial products and
services. One such development is cryptocurrency-backed loans and lending
platforms, which allow individuals to use their digital assets as collateral to
secure loans or earn interest through lending. However, with this emerging
sector comes the need for a well-defined regulatory framework to ensure
consumer protection, mitigate risks, and foster the growth of this nascent
industry.
By striking
the right balance between innovation and oversight, regulators can foster a
thriving cryptocurrency lending ecosystem that benefits both individuals and
the broader financial system.
Consumer Protection
The foremost consideration in
regulating cryptocurrency-backed loans and lending platforms should be the
protection of consumers. To achieve this, regulators must focus on 3 different
elements:
- Transparency: Lending platforms
should provide clear and comprehensive information regarding loan terms,
interest rates, fees, and risks associated with borrowing or lending against
cryptocurrencies. Disclosure of potential risks and rewards should be easily
accessible to users, enabling them to make informed decisions. - Anti-Money Laundering (AML) and
Know Your Customer (KYC) Procedures: Robust AML and KYC procedures are
essential to prevent illicit activities such as money laundering, terrorist
financing, and fraud. Implementing these procedures would ensure that lending
platforms have proper identification processes for users and comply with
relevant regulatory requirements. - Secure Custody Solutions:
Cryptocurrency lending platforms must implement stringent security measures to
protect users’ funds and digital assets. This includes secure custody
solutions, multi-factor authentication, encryption, and regular security
audits.
Risk Management
Due to the inherent volatility
of cryptocurrencies, risk management should be a key aspect of the regulatory
framework.
Lending platforms should establish rigorous procedures to
assess the value and risk associated with the collateral being offered.
Adequate margin requirements should be set to protect against sudden price
fluctuations and ensure sufficient collateral coverage.
Loan-to-Value (LTV) ratio
limits should also be thought of. Regulators may consider imposing maximum LTV ratios to prevent
excessive leverage, reducing the risk of default and potential systemic issues.
Striking the right balance between lending limits and borrower eligibility is
crucial to avoid overexposure.
Regular stress testing and risk assessments should also be conducted to
evaluate the platform’s ability to withstand adverse market conditions. This
would ensure that lending platforms have sufficient capital reserves to manage
potential losses.
Market Integrity and Fair Competition
To foster fair competition and
maintain market integrity, cryptocurrency lending platforms should be required to obtain appropriate
licenses or registrations, ensuring compliance with applicable laws and
regulations. This would prevent unregulated entities from entering the market
and enhance transparency.
Moreover, lending platforms should disclose any conflicts of interest that may
arise from their operations, including ownership relationships, affiliations,
or partnerships that could potentially compromise the interests of borrowers or
lenders.
Lastly, regulators should establish clear guidelines and
enforce regulations to prevent insider trading and market manipulation in
cryptocurrency lending markets. This would safeguard the integrity of the
market and protect users from unfair practices.
Conclusion
Finally, the
introduction of cryptocurrency-backed loans and lending platforms represents a
substantial change in the financial system. These loans enable cryptocurrency
owners to access the value of their digital assets while maintaining ownership.
The speed, ease, and inclusiveness of cryptocurrency-backed loans create new
options for individuals and enterprises by circumventing traditional banking limits.
Lending
systems connect borrowers and lenders while assuring secure and efficient
transactions. As the cryptocurrency ecosystem evolves, cryptocurrency-backed
loans and lending platforms are likely to play a larger role in influencing the
future of borrowing and lending.
Cryptocurrency adoption in Latin America is
experiencing explosive growth, driven by a mix of factors in the area like
economic instability, financial innovation, and regulatory evolution. Countries
like Brazil, Argentina, and Mexico are emerging as global leaders in
cryptocurrency usage, offering a fertile ground for both individuals and
businesses to explore digital assets as practical solutions for real-world
financial challenges.
To learn more about Latin America’s rapidly
evolving crypto market, download our whitepaper, “Unlock the Potential of Latin
America’s Booming Crypto Market.”
Read the report on the Latam’s blooming cryptocurrency market.
The rising wave of crypto in Latin
America
Cryptocurrency adoption in Latin America is
accelerating, fueled by inflation and currency devaluation. In Argentina, where
inflation has devastated the peso, Bitcoin and stablecoins have played an
important role in protecting savings. Around 15% of the population uses crypto
regularly, finding it a critical hedge against inflation.
In Brazil, crypto is even being integrated
into mainstream finance. The country was one of the first to approve
cryptocurrency exchange-traded funds (ETFs), and by 2023, the value of USDT
transactions was equivalent to $55 billion, more than 80% of its crypto volume.
This makes Brazil a key player in the global crypto market.
Mexico has carved out a niche in crypto
remittances, with Bitso processing over $3.3 billion in cross-border payments
in 2022. Crypto is emerging as a more efficient solution for these
transactions, benefiting millions of families reliant on remittances.
Regulatory evolution driving market growth
The regulatory environment across Latin
America is evolving, creating opportunities for businesses to expand. For example,
El Salvador made history by becoming the first country to adopt Bitcoin as
legal tender, with further initiatives like Bitcoin-backed bonds and a
government-sponsored crypto wallet. This bold experiment has positioned El
Salvador as a global trailblazer for cryptocurrency adoption, even as its
long-term effects are being evaluated.
Meanwhile, Mexico’s fintech law from 2018
recognized cryptocurrencies as virtual assets, establishing a clear regulatory
pathway for businesses. This clarity has helped companies like Bitso thrive. Meanwhile,
Colombia’s regulatory sandbox has promoted crypto experimentation in a
controlled environment, attracting fintechs and positioning the country as a
future hub for innovation.
Argentina, while still working on a
comprehensive regulatory framework, has seen increased interest in crypto
regulation under its new pro-crypto government. Colombia’s sandbox model is
providing fintechs with a controlled environment to test their offerings,
positioning the country as an emerging leader in the digital asset space as
well.
Emerging opportunities
Despite infrastructure and regulatory
challenges, Latin America offers immense opportunities for crypto growth.
Argentina and Venezuela, with their hyperinflationary economies, continue to
see widespread crypto adoption as citizens seek alternatives to their unstable
currencies. Stablecoins like USDT and USDC can help individuals and businesses
in these countries by providing greater financial stability.
Mexico’s growing role in crypto remittances
and Colombia’s fintech-friendly environment highlight the region’s potential
for further expansion. Tokenization is another area of growth, with Brazil’s
agricultural commodity token project, Agrotoken, revolutionizing access to
credit for small farmers. Brazil’s Drex initiative also highlights the
country’s commitment to developing a fully digital economy and integrating
blockchain technology into mainstream financial systems.
Latin America’s complex economic landscape,
combined with its openness to crypto solutions, makes it an exciting market for
businesses seeking to leverage digital assets. By addressing regulatory and
payment infrastructure challenges, companies can unlock the full potential of
this rapidly evolving crypto market.
The role of payment solutions in this evolving
market
Cross-border payments and regulatory
complexities are significant hurdles for businesses expanding into the Latin
American crypto market. The region’s rising demand for remittances, along with
fragmented payment infrastructures, means businesses must navigate
multi-currency transactions. Additionally, evolving regulatory landscapes
require businesses to stay compliant while managing operational risks.
Paysafe addresses these challenges by
offering solutions that streamline cross-border payments, supporting multiple
currencies and reducing transaction costs. With strong integration into key
local systems, Paysafe helps businesses deliver the seamless payment options
customers expect.
Furthermore, Paysafe’s regulatory expertise
ensures businesses remain compliant across diverse markets, while its advanced
security features protect against fraud, providing businesses with the trust
and reliability they need to thrive in the region’s fast-growing crypto
ecosystem.
Conclusion
Latin America is a prime market for
cryptocurrency adoption and its growth shows no sign of slowing down. From the
pioneering efforts of El Salvador to the sophisticated regulatory framework in
Brazil, the region offers diverse use cases for businesses looking to enter or
expand their crypto operations. Our whitepaper highlights that despite
challenges like regulatory fragmentation and cultural nuances, Latin America
presents tremendous opportunities for growth.
For more detailed insights and strategies,
download our whitepaper, “Unlock the Potential of Latin America’s Booming
Crypto Market.”
Read the report on the Latam’s blooming cryptocurrency market.
By leveraging Paysafe’s comprehensive
payment solutions, businesses can seamlessly navigate the complexities of the Latin
American crypto landscape, unlocking the full potential of one of the world’s
fastest-growing markets.
Disclaimer:
This article is not intended to be
financial, investment or trading advice. This article is for information and
solely for education purposes. It does not protect against any financial loss,
risk or fraud.
Why Paysafe
Paysafe supports Latin American businesses
with over 25 years of experience, offering top-tier fraud, risk, and compliance
support. Their solutions streamline cross-border payments, support multiple
currencies, and reduce transaction costs, enabling confident expansion in the
crypto market.
Cryptocurrency adoption in Latin America is
experiencing explosive growth, driven by a mix of factors in the area like
economic instability, financial innovation, and regulatory evolution. Countries
like Brazil, Argentina, and Mexico are emerging as global leaders in
cryptocurrency usage, offering a fertile ground for both individuals and
businesses to explore digital assets as practical solutions for real-world
financial challenges.
To learn more about Latin America’s rapidly
evolving crypto market, download our whitepaper, “Unlock the Potential of Latin
America’s Booming Crypto Market.”
Read the report on the Latam’s blooming cryptocurrency market.
The rising wave of crypto in Latin
America
Cryptocurrency adoption in Latin America is
accelerating, fueled by inflation and currency devaluation. In Argentina, where
inflation has devastated the peso, Bitcoin and stablecoins have played an
important role in protecting savings. Around 15% of the population uses crypto
regularly, finding it a critical hedge against inflation.
In Brazil, crypto is even being integrated
into mainstream finance. The country was one of the first to approve
cryptocurrency exchange-traded funds (ETFs), and by 2023, the value of USDT
transactions was equivalent to $55 billion, more than 80% of its crypto volume.
This makes Brazil a key player in the global crypto market.
Mexico has carved out a niche in crypto
remittances, with Bitso processing over $3.3 billion in cross-border payments
in 2022. Crypto is emerging as a more efficient solution for these
transactions, benefiting millions of families reliant on remittances.
Regulatory evolution driving market growth
The regulatory environment across Latin
America is evolving, creating opportunities for businesses to expand. For example,
El Salvador made history by becoming the first country to adopt Bitcoin as
legal tender, with further initiatives like Bitcoin-backed bonds and a
government-sponsored crypto wallet. This bold experiment has positioned El
Salvador as a global trailblazer for cryptocurrency adoption, even as its
long-term effects are being evaluated.
Meanwhile, Mexico’s fintech law from 2018
recognized cryptocurrencies as virtual assets, establishing a clear regulatory
pathway for businesses. This clarity has helped companies like Bitso thrive. Meanwhile,
Colombia’s regulatory sandbox has promoted crypto experimentation in a
controlled environment, attracting fintechs and positioning the country as a
future hub for innovation.
Argentina, while still working on a
comprehensive regulatory framework, has seen increased interest in crypto
regulation under its new pro-crypto government. Colombia’s sandbox model is
providing fintechs with a controlled environment to test their offerings,
positioning the country as an emerging leader in the digital asset space as
well.
Emerging opportunities
Despite infrastructure and regulatory
challenges, Latin America offers immense opportunities for crypto growth.
Argentina and Venezuela, with their hyperinflationary economies, continue to
see widespread crypto adoption as citizens seek alternatives to their unstable
currencies. Stablecoins like USDT and USDC can help individuals and businesses
in these countries by providing greater financial stability.
Mexico’s growing role in crypto remittances
and Colombia’s fintech-friendly environment highlight the region’s potential
for further expansion. Tokenization is another area of growth, with Brazil’s
agricultural commodity token project, Agrotoken, revolutionizing access to
credit for small farmers. Brazil’s Drex initiative also highlights the
country’s commitment to developing a fully digital economy and integrating
blockchain technology into mainstream financial systems.
Latin America’s complex economic landscape,
combined with its openness to crypto solutions, makes it an exciting market for
businesses seeking to leverage digital assets. By addressing regulatory and
payment infrastructure challenges, companies can unlock the full potential of
this rapidly evolving crypto market.
The role of payment solutions in this evolving
market
Cross-border payments and regulatory
complexities are significant hurdles for businesses expanding into the Latin
American crypto market. The region’s rising demand for remittances, along with
fragmented payment infrastructures, means businesses must navigate
multi-currency transactions. Additionally, evolving regulatory landscapes
require businesses to stay compliant while managing operational risks.
Paysafe addresses these challenges by
offering solutions that streamline cross-border payments, supporting multiple
currencies and reducing transaction costs. With strong integration into key
local systems, Paysafe helps businesses deliver the seamless payment options
customers expect.
Furthermore, Paysafe’s regulatory expertise
ensures businesses remain compliant across diverse markets, while its advanced
security features protect against fraud, providing businesses with the trust
and reliability they need to thrive in the region’s fast-growing crypto
ecosystem.
Conclusion
Latin America is a prime market for
cryptocurrency adoption and its growth shows no sign of slowing down. From the
pioneering efforts of El Salvador to the sophisticated regulatory framework in
Brazil, the region offers diverse use cases for businesses looking to enter or
expand their crypto operations. Our whitepaper highlights that despite
challenges like regulatory fragmentation and cultural nuances, Latin America
presents tremendous opportunities for growth.
For more detailed insights and strategies,
download our whitepaper, “Unlock the Potential of Latin America’s Booming
Crypto Market.”
Read the report on the Latam’s blooming cryptocurrency market.
By leveraging Paysafe’s comprehensive
payment solutions, businesses can seamlessly navigate the complexities of the Latin
American crypto landscape, unlocking the full potential of one of the world’s
fastest-growing markets.
Disclaimer:
This article is not intended to be
financial, investment or trading advice. This article is for information and
solely for education purposes. It does not protect against any financial loss,
risk or fraud.
Why Paysafe
Paysafe supports Latin American businesses
with over 25 years of experience, offering top-tier fraud, risk, and compliance
support. Their solutions streamline cross-border payments, support multiple
currencies, and reduce transaction costs, enabling confident expansion in the
crypto market.
Crypto
BlackRock releases educational Bitcoin video, indicates cryptocurrency acceptance By Investing.com
Investing.com — BlackRock (NYSE:), recognized as the world’s biggest asset manager, controlling $11.5 trillion in assets, has made a significant move toward embracing cryptocurrencies. The company recently launched a three-minute educational video focused on , the leading digital currency. This move comes on the heels of BlackRock’s recent advice to investors that they could consider allocating up to 2% of their portfolio to Bitcoin.
This suggests an increasing acceptance of cryptocurrencies within conventional financial portfolios. Bitcoin, in particular, has seen a substantial increase in its value this year, with a rise of over 150%.
In addition, BlackRock is the owner of the iShares Bitcoin Trust ETF, further indicating its growing interest in and acceptance of the digital currency market.
Link to video
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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