TechFlow 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.
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