Big news for cryptocurrency! A Swiss company called SIX is letting banks use some cryptocurrencies like Bitcoin and Ethereum as money to back up loans. This is like using your savings to get a loan. It's a big step for crypto because it makes it easier for banks to use cryptocurrencies.
- Banks can now use some cryptocurrencies as money to guarantee loans.
- This makes it easier for banks to work with cryptocurrencies.
- SIX will start with Bitcoin, Ethereum, and a few others, adding more later.
| Cryptocurrency | Use |
|---|---|
| Bitcoin (BTC) | Collateral for loans |
| Ethereum (ETH) | Collateral for loans |
| Others | Solana, Ripple, Avalanche, Cardano, USDC |
