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Propy and Abra launch crypto-backed mortgages

Homebuyers can secure a home mortgage using cryptocurrency as collateral through a new partnership between blockchain real estate platform Propy and crypto wallet service Abra.

The Abra Borrow platform allows customers to use crypto as collateral to borrow U.S. dollars with flexible repayment terms and interest rates as low as 0%, Propy, a real estate blockchain startup headquartered in Palo Alto, California, said in a release. Propy uses NFTs to close the entire real estate deal digitally. 

“While digital asset investment has skyrocketed, many investors are still unable to use their cryptocurrency holdings to directly fund the most details ⇒

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