A unique mortgage transaction has been recorded in the USA: the borrower was able to use Bitcoin as collateral for buying a house, without having to sell the cryptocurrency for the down payment..
The deal was made according to Fannie Mae standards, making it the first attempt to integrate cryptocurrency into the country's traditional mortgage system. Previously, such operations were only found in private crypto loans..
Using Bitcoin as collateral opens up new opportunities for investors and cryptocurrency owners, allowing them to retain assets when conducting large financial transactions..
The situation also demonstrates the gradual recognition of digital assets in the traditional US financial system and the possibility of their use in large real estate transactions..
#usa
#bitcoin
#btc
#mortgage
#fanniemae
#cryptocurrency
#collateral
#Brick