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Bitcoin now accepted for home loan

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@claudio83
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The value of Bitcoin and cryptocurrencies is currently heavily manipulated by large holders or whales who alone can move large quantities of BTC and reversibly affect the entire market, which is still too anchored to Bitcoin. This causes jolts that disorient small investors because in a short time they see their investment drop in a short time, halve in a few weeks.

Knowledge and information are the key tools to know the direction in which cryptocurrencies are going, and if the goal is clear, then we shouldn't be afraid of how tortuous the path may be. Those who have already lived through the previous bear markets in some way already know that it is now a cycle and this is the moment in which those who want to enter, have more opportunities for growth. Get informed and you will be free people.

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Bitcoin and mortgages

While the market is in the red, I prefer to search and read informative news rather than looking at untrue charts. After the Canadian company Ledn , fintech Milo also started offering guaranteed cryptocurrency mortgages to all people who own Bitcoins, without being forced to exchange them for FIAT currency.

In this way, customers will be able to pledge their BTC to buy properties by obtaining 30-year crypto mortgages at low interest rates. Ownership of the committed Bitcoins will remain with the customer, even if they must be immobilized, and they will be able to finance 100% of their purchase in this way without down payments in dollars. Furthermore, it will also be possible to obtain the loan faster than the timing of a conventional mortgage.

The entry into the scene of Bitcoin as a counter-value for the loan for the purpose of the mortgage is a further use case that is added to the many already present, such as the activities that accept the same cryptocurrency as an electronic payment. In this case, users who do not want to sell BTC because they believe in its effective value over time, can now decide to use digital currency to obtain loans up to 100%.

The Bitcoins linked to the loan will be immobilized for the entire duration of the loan itself, as a guarantee by the credit institution. It has not been specified at the moment how they will be mobilized, for example if it will be necessary to share the private key of your wallet or the deposit on an external hardware that will be locked in some safety deposit box.

Another really interesting use case because it would allow you to obtain mortgages without any down payment or real estate guarantee. It is conceivable that in the future these guarantees will also be extended to other cryptocurrencies and will offer the possibility to numerous users to be able to apply for mortgages to which in the past they would not have had access.

Step by step towards mass adoption.

Posted Using LeoFinance Beta