Bitcoin-Backed Mortgages Could Transform The Real Estate Sector
The Tokenist, Dec. 16, 2021–Tim Fries
The world’s first Bitcoin-backed mortgage will provide Bitcoin holders with an important use-case for their diamond stashes without having to resort to a BTC selloff. Both the real estate and Bitcoin funds serve as a joint collateral for the mortgage loan at 50:50 ratio. The length of the loan is two years and it is currently only available in Canada, but it should arrive in the U.S. sometime in 2022.