OranjeBTC bitcoin treasury strategy draws attention; can it become Brazil's Strategy?

Brazilian bitcoin treasury company OranjeBTC is pursuing a strategy to expand bitcoin’s use in financial markets, focusing on bitcoin-backed loans and digital credit products. Bitcoin Magazine reported on Thursday that OranjeBTC Chief Executive Kiu Gomes introduced what he described as Brazil’s first case of a bitcoin-backed loan. He said bitcoin’s uses are expanding into finance. Gomes rated bitcoin highly as collateral. He said new financial products such as digital credit and bitcoin-backed lending are strengthening the link between bitcoin and global financial markets. OranjeBTC is using that trend to develop a corporate-level bitcoin utilisation strategy in Brazil. He pointed to regulatory changes and investor demand in Brazil as a backdrop to the strategy.

First reported by DigitalToday. This page is a short excerpt; the full text is theirs.