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🇦🇺 Australian company Block Earner aims to raise funding of 8 million dollars for the development of a mortgage product backed by BTC.
This product allows users to use bitcoin as collateral for purchasing or renovating housing with an interest rate of 9.5% per annum and repayment in Australian dollars, additional BTC, or a combination of both.
Users can take up to 60% of the property's value as a down payment, and the final mortgage loan is provided by a third-party organization.
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