For the first time in history, a major US mortgage provider will enable homebuyers to use cryptocurrency as collateral for a mortgage.
Better Home & Finance, in collaboration with Coinbase, plans to introduce a mortgage product that allows borrowers to pledge their crypto holdings when taking out a Fannie Mae-backed loan, according to an exclusive report from the Wall Street Journal.
Details about which cryptocurrencies will qualify or how their value will be assessed have not yet been disclosed.
This development represents a significant shift in the perception of digital assets in the United States and could unlock hundreds of billions of dollars in liquidity by allowing users to finance homes without having to sell their crypto.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
