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  • Frank Tian

A New and Unknown Universe - Crypto

As more attention is drawn to the virtual Metaverse, this GARP article shared possible opportunities for risk managers, from credit risk, and market risk to cyber risk.


Aspiring risk managers from the next generation have the opportunity to develop their careers in this new but unknown universe.


Notable crypto product developments:


Crypto-backed card

Nexo and MasterCard launched a card

that allows spending up to 90% of the fiat value of their crypto assets.


Even though several cards provide crypto as rewards already,

The Nexo Mastercard is the first payment card secured by crypto.


Bitcoin-backed loan

Goldman Sachs starts to offer bitcoin-backed loans.


This type of lending has mainly been offered by crypto exchanges.

Now we have a major regulated bank offering crypto lending.


Source:


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