Better and Coinbase Enable Crypto-Backed Mortgages for Borrowers

The Consumer Federation of America has published an article on how Better and Coinbase Loans work in conjunction with crypto-backed mortgages.

Better, a mortgage lender, offers crypto-backed mortgages that allow borrowers to use cryptocurrencies such as Bitcoin (BTC) as collateral. The borrower can deposit their cryptocurrency into a dedicated wallet provided by the lender, which is then used to secure the loan. This type of mortgage is often referred to as a 'crypto-backed mortgage.'

Coinbase Loans, on the other hand, offers a similar service but with its own lending platform.