March 26 (UPI) — Fannie Mae on Thursday agreed to begin accepting mortgages that are backed using cryptocurrency.
The mortgages will be offered by Coinbase and Better Home & Finance, which said the creation of what it calls a first-of-its-kind cryptocurrency-backed mortgage product could allow more Americans to afford homeownership.
Although there are companies already offering mortgages backed with crypto-assets, this is the first that Fannie Mae, and its federal conservator, the Federal Housing Finance Agency, has opted to back.
Fannie Mae to accept first cryptocurrency
