You are here
Home > Bitcoin > Escrow Firm Points First Bitcoin-Backed Actual Property Mortgage

Escrow Firm Points First Bitcoin-Backed Actual Property Mortgage



Glen Oaks Escrow, one of many largest unbiased escrow firms in California, has facilitated its first refinancing via a Bitcoin-backed mortgage.

In a press launch issued at the moment, the corporate stated this marks the primary time a refinancing has been accomplished with a purchaser utilizing Bitcoin as collateral.

Glen Oaks started accepting Bitcoin funds in 2018, and sees the information as proof the cryptocurrency’s worth proposition is changing into clearer to debtors and collectors.

Glen Oaks Chief Working Officer Joe Curtis commented, “Seeing somebody aside from the house purchaser use Bitcoin in an actual property transaction tells us that this expertise has the potential to proceed changing into extra distinguished, even whether it is nonetheless thought-about new to our trade.”



Supply hyperlink

Leave a Reply

Top