The focus of this month’s Mondays with Matthew is how blockchain technology and cryptocurrencies may impact both Buyers and Sellers in the future.
Milo claims to offer the worlds fist crypto mortgage. It allows borrowers to use bitcoin, but only bitcoin right now, as collateral for a 30-year mortgage.
Windermere is not endorsing the milo program, and Gardner has concerns given how volatile cryptocurrencies are.
The likelihood of cryptocurrency revolutionizing the way we buy homes from a finance perspective is still several years away.
Although, blockchain technology will be the thing that gets adopted into the real estate world faster then cryptocurrency. Here are some of the benefits of blockchain technology: