Crypto mortgage is a situation whereby one buys a house or real estate without having cash but crypto has a collateral. They buy with the equivalent amount of money in Bitcoin.
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They use their cryptocurrency as a collateral to purchase a home.
Currently that most of the cryptocurrency are dip will it pay the buyer of course NO what do you think will happen to the buyer that apply for the crypto mortgage? They will have to increase their cryptocurrency portfolio there by increasing the number cryptocurrency they have before. They must have crypto that is worth the total amount of asset.
They don’t have full control of their asset because they are not in full possession of their cryptocurrency
