Crypto news site ADAwire has published a new report detailing recent changes to the Goldman Sachs Group’s crypto policies.
—
This new report has been released following an investigation of how recent changes to the financial institution’s policies may affect those purchasing crypto using a credit card. The report explores potential limitations that traders may experience when using a Goldman Sachs card to acquire crypto, and how those limitations can be circumvented.
To read the report, visit https://adawire.com/is-goldman-sachs-group-inc-open-to-credit-card-purchases-of-cardano-ada-coin/
In this new report, ADAwire details Goldman Sachs’ relationship to the crypto market and the best ways to work around their recent policy changes regarding direct purchase of tokens such as Cardano, the main focus of this reporting.
As the report explains, Goldman Sachs currently offers no direct crypto purchase or storage options through their institution, options still exist for those who have a credit or debit account with the bank. One such option offered by the report is to use the card to purchase BTC or ETH on a primary exchange, which can then be exchanged for ADA on the secondary exchange market. However, this is only one of several options offered in this new release.
Alongside this reporting, the article also details a list of potential secondary exchanges that accept Goldman Sachs cards and the process through which those exchanges can be used to acquire ADA. Primarily, the article is concerned with how the verification process and transaction restrictions placed on most Goldman Sachs accounts may get in the way of bulk crypto purchases, and how traders could potentially handle those issues.
Following these tips, the article goes on to explain how the budget control tools offered by the banking institution may be useful when setting a spending limit, such as those necessary when using auto trading software. The bank offers tight controls on monthly spending, and the article goes on to explain exactly how to use those controls.
Much of the further coverage offered by this article is speculative and reflects on how Goldman Sachs and other similar institutions may follow industry trends in the near future. For example, as mass adoption continues for many popular crypto tokens, many online payment solutions have adopted crypto into their ecosystems, which this article suggests may be a sign that banks are soon to follow.
This report is the latest from ADAwire, which has faithfully covered the development of the Cardano token since its inception in 2021. Further coverage can be found at the link below.
For additional details, visit https://adawire.com/does-citigroup-inc-allow-bank-transfer-for-cardano-ada-token-purchase/
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
Contact Info:
Name: Adawire
Email: Send Email
Organization: Adawire
Address: 15 Harwood Rd, London, England SW6 4QP, United Kingdom
Website: https://adawire.com/
Source: PressCable
Release ID: 89109308
If there are any errors, inconsistencies, or queries arising from the content contained within this press release that require attention or if you need assistance with a press release takedown, we kindly request that you inform us immediately by contacting error@releasecontact.com. Our reliable team will be available to promptly respond within 8 hours, taking proactive measures to rectify any identified issues or providing guidance on the removal process. Ensuring accurate and dependable information is our top priority.
