1 hour ago
3
Key Takeaways
Collateral ratio: $2.50 of Bitcoin per $1
Missed payments: Bitcoin liquidation possible after 60 days
Pre-applications reached $360 million in requested loans
$130,000 loan at 7.40%: about $900 monthly
The Financial Times reported on October 22 on a buyer who took a $130,000 Bitcoin-backed loan alongside a conventional mortgage, pledging $325,000 of Bitcoin, 2.5 times the loan.
Better’s pitch leaves out the second loan
Better and Coinbase announced the product in March and made it generally available in August. Better later told CoinDesk that pre-a...
English (US)