Source: Scotsman Guide —
Another company is testing the waters of cryptocurrency within the real estate lending realm as Miami-based digital bank Milo announced a new crypto mortgage product.
Touting “the world’s first crypto mortgage offering,” Milo said that its new loan will make it easier for investors in cryptocurrency to use their digital currency to buy real estate. The product has been in development since last year and is currently slated for an early 2022 debut. The company also said in a statement that it already has a large waitlist of clients who have been granted early access.
“The world is changing rapidly with how consumers make and invest their $2 trillion in crypto wealth,” said Josip Rupena, Milo CEO and founder. “Clients expect us to come up with innovative solutions to extend credit to millions of great consumers. The existing ways for crypto consumers to access home credit has left them with unintended tax liabilities of selling for a downpayment or worse — the opportunity cost of seeing their crypto increase in value.
;
