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Crypto

Gen Z shut out of housing market turns to bitcoin-backed loans

A claim has emerged that bitcoin is drawing attention as a new way for Gen Z to build assets as entry into the housing market becomes harder. The approach involves using bitcoin as collateral, rather than selling it, to secure loans for funds needed to buy a home. Comments cited by Bitcoin Magazine point to a shift away from home-centred wealth building as Gen Z’s share of new home purchases falls below 5 percent, though risks remain.

Crypto

U.S. homebuyers can use bitcoin as collateral for mortgage as Better, Coinbase launch product

A new mortgage product in the United States allows homebuyers to use bitcoin to fund a down payment without selling it. Better Mortgage, part of Better Home Finance, and Coinbase opened the product to retail customers. Borrowers must pledge bitcoin worth at least 250 percent of the down payment loan and repay both loans monthly. Late payments of more than 60 days can trigger liquidation of the collateral.

Crypto

XRPL lending infrastructure may let XRP holders borrow without selling

A planned lending infrastructure on the XRP Ledger could allow XRP holders to borrow funds using their tokens as collateral without selling, an analysis said. XRP analyst James Dooly said Coinbase’s XRP-backed loans, a government-guaranteed crypto mortgage structure and proposed XRPL lending functions could create a new model for long-term holders. He outlined a hypothetical example using USDC borrowing and possible interest income from depositing unused XRP, while noting key XRPL functions remain at the proposal stage.