Tag: dominance
Fintech Startup Milo Launches the First-Ever US Crypto Mortgage
Milo, a Miami-based fintech startup is launching the world’s first crypto mortgage offering for a 30 year-term. Instead of selling one’s bitcoin holdings for mortgage payments, the company now lets Americans and international customers use their Bitcoin stacks as collateral for purchasing real estate in the US. The solution allows clients to continue with their Bitcoin holdings while diversifying into real estate, all the while keeping the potential price appreciation of both. Commenting on the development, Josip Rupena, Milo founder and CEO, said: “There are countless stories of people buying property with bitcoin proceeds only to see it increase in value and be worth millions more. With our new crypto mortgage, we can expand our offerings to consumers that were previously denied by other banking firms just for having crypto. We have an opportunity to make sure that doesn’t happen anymore and their bitcoin wealth can now help them buy a property.” Milo has already granted some loans as part of its early-access stage, and expects the service will be available to most applicants on its waiting list in the coming months. However, as of yet, it remains unclear as to how much Bitcoin (BTC) will be needed to secure a loan, or the level of over-collateralization needed to balance out the cryptocurrency’s volatility. Miami Mayor Francis Suarez, a proponent of bitcoin, also commented on Milo’s new offering, in a statement that the bitcoin mortgage is a “groundbreaking achievement” for advancing U.S. dominance in the Bitcoin ecosystem. “To become the Capital of Capital, Miami needs companies like Milo who are willing to innovate and ideate,” he added. Milo isn’t the first company to dabble into crypto mortgages. In Aug 2021, United Wholesale Mortgage tested crypto mortgage repayments with Ether (ETH) and Bitcoin (BTC) in a pilot program. However, a month later, the plan was scrapped due to regulatory uncertainty.
The post Fintech Startup Milo Launches the First-Ever US Crypto Mortgage appeared first on Cryptoknowmics-Crypto News and Media Platform.
Is This The Reason Why Metaverse And NFTs Have Been Failing In Uplifting The Crypto Market?
The post Is This The Reason Why Metaverse And NFTs Have Been Failing In Uplifting The Crypto Market? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
The cryptosphere has been missing its flight to the stratosphere, as the business has been grounded from euphoric flights. In the midst of the burdening market cycle, which has slashed the valuation of the market by a trillion. Consecutively, the industry’s market cap has lost its threshold at $2.0 Trillion again. And is presently at …
Ethereum and why it has a solid case for a bullish 2022
Will This Perpetual Limitation Take Solana’s Sol Down To $100 This Alt Season?
The post Will This Perpetual Limitation Take Solana’s Sol Down To $100 This Alt Season? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
The global crypto market is now an address to a host of potential protocols, which have turned tables for the industry. The protocols have also managed to uplift the diverse sectors of the industry, with robust and lucrative fundamentals. While legacy protocols have been imperative in widespread publicity of the industry. It is the courtesy …
Ava Labs President Says Total Crypto Market Cap Will Go to $5 Trillion in 2022
Market Analysis Report (19 Jan 2022)
Corporate NFT – The Antidote To Counterfeit Products
ELA, API3 and PROM buck the market-wide downtrend by posting a 20%+ gain
Elastos, API3 and Prometheus notch double-digit gains as the wider crypto market falters in the aftermath of BTC’s plunge below $42,000.
Analysts warn that Bitcoin could dip to $38K ‘before an eventual breakout’
Bitcoin continues to struggle below $42,000 as extreme fear grips the crypto market and analysts hint at a drop to $38,000.
JPMorgan Says Solana (SOL), Tezos and One More ETH Rival Challenging Ethereum’s Dominance in the NFT Market: Report
An analyst from JPMorgan says that Ethereum (ETH) is losing ground to several competitors which are gaining dominance in the non-fungible token (NFT) market. In a note seen by Markets Insider, analyst Nikolaos Panigirtzoglou said that high fees on the Ethereum network are pushing some users in the NFT market towards cheaper alternatives, presenting a […]
The post JPMorgan Says Solana (SOL), Tezos and One More ETH Rival Challenging Ethereum’s Dominance in the NFT Market: Report appeared first on The Daily Hodl.
Milo Launches Bitcoin Mortgage In The U.S.
‘AWS for Web 3.0’ – Pocket Network Shakes Up Infrastructure of the Internet
January 14, 2022 – Tampa Bay, Florida Pocket Network crosses significant 20,000 full-node milestone in over 23 countries. Pocket Network – an infrastructure middleware protocol that facilitates decentralized cloud computing and abundant bandwidth on full nodes interoperable with DApps across over 21 blockchains – doubles down on its market-based approach to infrastructure by incentivizing a global community […]
The post ‘AWS for Web 3.0’ – Pocket Network Shakes Up Infrastructure of the Internet appeared first on The Daily Hodl.