Milo Brings Zero Deposit Crypto Mortgage Into Reality

Crypto mortgages with no deposits may sound like a dream, but now it’s true. A fintech company, Milo, has made it possible for people to leverage their Bitcoins as mortgages for a minimum of 30 years.

This investment option acts as a bridge between digital currencies and real estate, allowing businesses and individuals to cross different realms.

This solution will play a crucial role in speeding up the process and offering a faster solution than fiat banks. The service will be released this year, according to the company’s CEO Josip Rupena.

It will help homeowners to get home credit without worrying about tax liabilities, especially those associated with cryptocurrencies. Also, this will reduce the risks of being rejected by financial institutions because they only possess cryptocurrencies in their portfolios.   

Various government officials are already on board with this idea, for example, Mayor Francis Suarez of Miami, USA.

Multiple mortgage lenders are already in favor of this system. Although it’s a novel concept, we still don’t know all the details of how this will work.