Crypto Mortgages Are Aimed at Foreign Investment in US Real Estate

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  • The fintech company Milo is offering a home-loan product that uses bitcoin as collateral.
  • The company is marketing the product to foreign investors who want to purchase US real estate.
  • Redfin says investors were responsible for over 18% of property transactions in the fourth quarter.

As US real-estate prices hit records in many markets, some people are pointing to investor activity as one of the causes of the high demand and increased competition. Now, international investors who have been unable to secure financing and were stuck on the sidelines have a new method of purchasing real estate in the United States: a so-called crypto mortgage.

Using bitcoin and other cryptocurrencies to purchase real estate isn’t new. But one company is promoting a new financial product that it says would allow buyers to use the blockchain to apply for…

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