U.S. lender Newrez will accept Bitcoin, Ethereum, and stablecoins for mortgage qualification verification
7x24h News
U.S. lender Newrez will accept Bitcoin, Ethereum, and stablecoins for mortgage qualification verification
According to Cryptobriefing, U.S. mortgage lender Newrez announced it will allow borrowers to use specific cryptocurrency assets when applying for home loans starting February. Eligible assets include Bitcoin, Ethereum, SEC-approved spot ETFs backed by BTC or ETH, and USD-backed stablecoins. Baron Silverstein, President of Newrez, said that given the growing ownership of cryptocurrencies and increased institutional participation, now is the right time to bring crypto into the mortgage space.
Navigating Web3 tides with focused insightsTechFlow news, January 16 — According to Cryptobriefing, U.S. lending institution Newrez announced it will allow borrowers to use specific cryptocurrency assets when applying for mortgage loans starting in February. Eligible assets include Bitcoin, Ethereum, SEC-approved spot ETFs backed by BTC or ETH, and USD-backed stablecoins.
Newrez President Baron Silverstein said that given the growing ownership of cryptocurrencies and increasing institutional participation, now is the right time to introduce crypto into the mortgage space.
