The Miami-based company closed on $10 million in cryptocurrency mortgages in mid-July.
Those who qualify for Milo’s services can take advantage of a 30-year crypto mortgage up to $5 million.
Investors can finance up to 100% with Milo as long as registered cryptocurrency, like Bitcoin, goes through one of Milo’s registered custodians, Gemini or Coinbase.
Miami-based fintech Milo has closed $10 million in cryptocurrency mortgages since unveiling the product in April of this year, the company announced July 19.
The product, which represents the world’s first crypto mortgage offering, makes it easy for crypto investors — specifically international investors — to use their digital assets to purchase real estate. Milo would not disclose how many units $10 million represents, but said the loans range from $150,000 to $3 million.
Milo’s Founder and CEO Josip Rupena churned up the idea of a crypto-mortgage company nearly four years ago. Rupena wanted to create a product rooted around...
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