menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Ripple App...
source image

TronWeekly

2w

read

399

img
dot

Image Credit: TronWeekly

Ripple Applauds Groundbreaking U.S. Mortgage Policy Embracing Bitcoin as Collateral

  • Ripple applauds the FHFA's decision to accept Bitcoin as mortgage collateral, enhancing crypto's role in traditional finance.
  • FHFA's new directive allows Americans to use cryptocurrencies like Bitcoin for home mortgages without converting them into U.S. dollars, boosting crypto integration in the $20 trillion U.S. housing market.
  • Analysts warn of volatility and custody issues with the use of crypto as collateral, emphasizing the need for careful oversight to avoid financial risks.
  • The policy shift is seen as a monumental step towards bridging blockchain innovation with legacy financial systems, aligning with Ripple's advocacy for regulatory clarity and crypto integration in mainstream finance.

Read Full Article

like

24 Likes

For uninterrupted reading, download the app