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Bitcoin Used as Collateral to Buy a $4.2M Home: Fannie Mae-Backed Deal Closed in Just 23 Days
Summary by IBTimes UK
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1 Articles
Bitcoin Used as Collateral to Buy a $4.2M Home: Fannie Mae-Backed Deal Closed in Just 23 Days
A $4.2 million Florida home has become the first property purchased through a mortgage structure that combines Bitcoin-backed financing with a Fannie Mae-backed home loan, according to mortgage lender Better and cryptocurrency exchange Coinbase. The transaction closed in just 23 days, much sooner than traditional banking systems, which marks an early example of how digital assets are being incorporated into traditional home financing. Announced …
·United Kingdom
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Total News Sources1
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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