Bitcoin-backed mortgages are coming to Canada, but borrowers are still unaware of the cost
Summary
Canadian homebuyers will soon be able to secure mortgages using Bitcoin as collateral. However, many potential borrowers remain unaware of the total costs and the risk of asset liquidation if cryptocurrency values fall.
Prospective borrowers face collateral liquidation risks if bitcoin prices drop, though APX said property and crypto collateral will be handled distinctly.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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