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Bitcoin Used as Down Payment Collateral: Coinbase Helps Close First Fannie Mae-Backed Mortgage

Coinbase said the first U.S. mortgage backed by Fannie Mae and secured with Bitcoin as collateral has been successfully originated. The loan was originated and is being serviced by Better, with Coinbase providing the underlying technology infrastructure. Coinbase plans to expand the product nationwide this summer, giving Bitcoin holders a new option for mortgage financing.
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