In a history making financing deal, the MakerDao cryptocurrency bank agrees to finance the building of Tesla Car collision repair centers all over the United States of America.

#tesla #makerdao #cryptocurrency-bank

.

source

.
2022 has been a year marked by fast paced adoption of cryptocurrencies like Bitcoin and Ethereum as mainstream investment assets. The cryptocurrency community has wished for large companies and institutions to legitimize the industry and its assets by buying them, and holding them as stores of value.

#tesla #makerdao #cryptocurrency-bank

And last year that began happening with major companies and financial institutions like Fidelity Asset management and car maker Tesla investing in the cryptocurrency Bitcoin.

Tesla-MakerDao Deal

source

Yesterday the MakerDao announced a historic deal, the first of its kind, in which a cryptocurrency bank, called a credit-debt facility in cryptocurrency circles announced it had reached an historic deal with Tesla. MakerDao and Tesla had signed a deal, where by the MakerDao would finance the construction of Tesla Collision Repair shops all over the America. The deal also includes provisions for the MakerDao to also finance the construction of the collision repair facilities globally in the future.

#tesla #makerdao #cryptocurrency-bank

Balance Sheet Advantages

source
Further more, details of the deal reveal the complexity of corporate financing, the characterization of corporate debt and it’s adverse effect on the stock value or valuation of a company.

This deal uses a special method of financing corporate expansion, whereby the company avoids taking on new capitol asset acquisition debt, which has detrimental effects on the balance sheet. But if another company agrees to finance the capitol acquisition and the company who needs the capitol acquisition guarantees to rent the facility, thereby indirectly guaranteeing the loan. The second company can characterize its rent as operating expenses instead of debt, with no detrimental effect on the balance sheet.

We are witnessing a new era in cryptocurrency.

source

There is so much going on, it is easy to miss things. But we are living in historic times.
Bitcoin, Ethereum, Hive, Splinterlands, Leofinance, Cubfinance, The No Loss Lottery, EasyDeFi, Polycub DeFi 2.0, EasyDeFi 2 step DeFi investing, Leofinance one minute Hive signup, and Project Blank

It’s amazing, like a sunrise on the equator.
:)

@shortsegments

#tesla #makerdao #cryptocurrency-bank #dai #ether #ethereum #bitcoin