Investment banking giant Citigroup has released research on how property technology could affect the housing market, mentioning virtual estate in the metaverse and cryptocurrency-backed mortgages.
In a report released Wednesday titled, “Home of the Future: PropTech — Towards a Frictionless Housing Market?” Citi said crypto, blockchain and property in the metaverse had the “potential to transform the traditional real estate market.” While crypto-backed mortgages could streamline the process of purchasing a home, many individuals have seen investments in metaverse property grow in the last two years.
Citi reported that property loans linked to crypto assets could allow investors to “utilize their investment gains” without incurring capital gains taxes, but commented on the potential for risk in a volatile market. While many standard loans linked to fiat have regulatory procedures in place to assess the ability of a borrower to repay, crypto holders could be forced to pay significantly...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...