🏡 BTC is now a mortgage pledge: Australia has approved bitcoin loans
Block Earner launched the first mortgage secured by bitcoin in Australia. This became possible after two years of litigation - in April, the court recognised that Block Earner crypto products do not require a financial services license.
How it works:
- BTC is used as collateral - you can get up to 50% of the value of real estate.
- The rest is covered by a regular mortgage.
- Cryptocurrency is stored by Fireblocks.
The program opens up new opportunities for bitcoin holders and offers an alternative approach to solvency assessment - without focussing on salary and pension savings.