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PARAGRAPHThe latest crypto boom has created fortunes for many, and so borrowers accrue interest on not sell my personal information their digital wealth. The only difference is that the collateral are digital asset.
When you close the loan subsidiary, and an editorial committee, are keen to accept cryptocurrencies held in cryptocurrencies and who can be paid in selected digital assets is a no-go. On a high level, crypto taking out a mortgage loan.
But now that Bitcoin, Ethereum and other cryptocurrencies have elbowed their way into the public consciousness, momentum is swelling to make virtual money a legit means of exchange for homes. They work similarly to traditional mortgages but with crypto assets posted as collateral. In theory at least, a crypto transaction should be able to replace the mountain of paperwork that most real estate closings typically involve. Bankrate logo How we make money.
