JPMorgan to Accept Bitcoin as Collateral, CNBC Reports
CNBC reports that U.S. banking giant JPMorgan will now allow Bitcoin to be used as collateral, marking a significant development in traditional finance's approach to digital assets.
BTC
Summary
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Terms & Concepts
Collateral: An asset pledged by a borrower to secure a loan or other credit, which can be claimed by the lender if the borrower defaults.
Bitcoin: A decentralized digital currency operating without a central bank, using peer-to-peer technology to enable instant payments.