Can cryptocurrency be used for mortgages?
Yes. To take out a crypto mortgage, you as the borrower must provide crypto currency such as Bitcoin as collateral to the lender in exchange for cash. The collateral must be at least 50% of the value of the loan for a loan to value ratio of at most 50%. For example, if the current bitcoin price is $10,000 and you want to borrow $100,000 for a home, you would have to offer 20 bitcoins for a total value of $200,000.