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Milo Launches First U.S. Crypto Mortgage
Milo, a financial technology company that is reimagining the way global consumers access financial solutions, today announced its new crypto mortgage. This is the world’s first crypto mortgage offering that makes it easy for crypto investors to utilize their digital assets to purchase US real estate. The digital banking leader will now expand its offerings to serve the rapidly growing crypto segment.
Milo’s clients will be able to pledge their Bitcoin to purchase property and finally qualify for a low interest rate 30 year crypto mortgage. This solution will allow clients to continue to own their bitcoin and diversify into real estate, all while keeping the potential price appreciation of both. Clients will be able to finance 100% of their purchase with no dollar down payments required and do this faster than a conventional mortgage. By combining the security of real estate with the liquidity of digital assets, Milo is able to bridge both the crypto and real world.
The company’s other mortgage solution for foreign nationals has originated millions of dollars in loans already and has seen applicants from over 63 countries. As a direct lender that is already licensed, audited, and insured, Milo is able to stand behind its commitment to lend its clients.
“This is an exciting time for the crypto and mortgage industries,” said Rupena. “With our new crypto mortgage, we can expand our offerings to consumers that were previously denied by other banking firms just for having crypto. We have an opportunity to make sure that doesn’t happen anymore and their bitcoin wealth can now help them buy a property.”
“Milo’s decision to expand their financial flexibility with crypto mortgages is a groundbreaking achievement for advancing the United States’ dominance in crypto. To become the Capital of Capital, Miami needs companies like Milo who are willing to innovate and ideate.” said Mayor Francis Suarez.
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