Escrow Company Issues First Bitcoin-Backed Real Estate Loan


Glen Oaks Escrow, one of the largest independent escrow companies in California, has facilitated its first refinancing through a Bitcoin-backed loan.

In a press release issued today, the company said this marks the first time a refinancing has been completed with a buyer using Bitcoin as collateral.

Glen Oaks began accepting Bitcoin payments in 2018, and sees the news as proof the cryptocurrency’s value proposition is becoming clearer to debtors and creditors.

Glen Oaks Chief Operating Officer Joe Curtis commented, “Seeing someone other than the home buyer use Bitcoin in a real estate transaction tells us that this technology has the potential to continue becoming more prominent, even if it is still considered new to our industry.”

Dieser Beitrag ist ein öffentlicher RSS Feed. Sie finden den Original Post unter folgender Quelle (Website) .

Krypto-Nachrichten ist ein RSS-Nachrichtendienst und distanziert sich vor Falschmeldungen oder Irreführung. Unser Nachrichtenportal soll lediglich zum Informationsaustausch genutzt werden.



Please enter your comment!
Please enter your name here