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Many exploring choices of accepting crypto currencies as collateral
Matters
Indian Banks | Bitcoin
Rajesh Bhayani |
Final Up to date at December 16, 2020 06:10 IST
Bitcoin’s rally in 2020, rising 1.5 occasions up to now this 12 months, has piqued buyers’ and monetary providers suppliers’ curiosity. And Indian banks are taking be aware because the crypto forex nears its all-time excessive of $20,000.
They’re now possibility like offering finance to crypto exchanges, loans towards bitcoin and so forth, to money in on this chance. The sharp bitcoin rally this 12 months has been attributed to a number of developments up to now month. Essentially the most outstanding amongst them is resolution of PayPal, the most important cost firm by market cap, to permit the switch, buy, …
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First Printed: Wed, December 16 2020. 06:10 IST
