Digital Fintech App Milo to Offer 30 Year Crypto Mortgage
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Milo, a financial services company, has expanded its offerings with 30 year cryptocurrency mortgage offering to purchase US real estate. The Miami-based company wrote in a press release users can lend their bitcoin (EXANTE: Bitcoin) to diversify into real estate. Milo notes users can finance up to 100% of their purchase without fiat money.

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"There are countless stories of people buying property with bitcoin proceeds only to see it increase in value and be worth millions more," said Milo CEO, Josip Rupena.

Coinbase Drops Plan to Launch USDC-focused Lending Program

The company says it has already got applicants from over 63 countries. In December 2021, MicroStrategy, the largest publicly-traded company that hodls bitcoin, began exploring ways to generate yield on its 122,000 BTC holding. As per Bloomberg, MicroStrategy CEO, Michael Saylor, already discussed the plan on the company's investor day call with shareholders.

Saylor said there "may be opportunities to either put a mortgage against it and generate long-term debt under favorable circumstances." The MicroStrategy CEO also suggested the company could simply "lend it [bitcoin] to a trustworthy counterparty."

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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