Fannie Mae to Begin Accepting Cryptocurrency Collateralized Loans

BlockBeats News, March 26th, according to The Wall Street Journal, Fannie Mae will for the first time accept cryptocurrency as collateral for mortgage loans. Mortgage lender Better Home & Finance and U.S. cryptocurrency exchange Coinbase Global are set to roll out a new home loan product on Thursday that will allow homebuyers to pledge cryptocurrency as collateral when applying for a mortgage, eliminating the need to sell the cryptocurrency to raise cash for a down payment, with Fannie Mae backing the mortgage.