A friend of mine in SBA lending just came back from an SBA conference and the SBA is looking at Bitcoin/crypto as a personal financial asset and asking to see it on personal financial statements from borrowers. This may not seem like much but this is more and more exposure and institutional awareness and acceptance.
Not sure how far out we are from using it as collateral but in a way, we are already there if it is considered a personal asset and the SBA makes that person a guarantor on the loan.
Not sure how this works if they don't have your keys, but I think this is ultimately a net positive for Bitcoin.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments