News Commentary #1,586 – RoboticsOnline | Steps Of Bitcoin Adoption?

New recent updates, made by the RoboticsOnline (reviewed here) platform, could show us further steps around the globe to include Bitcoin into the daily-life economic system. So that the blockchain as a new technology could take a major place very soon for providing usual finance services and the Bitcoin seems to be a tool to make it a reality very soon 🙂

Here’s the news:

🇸🇻 El Salvador is exploring the possibility of providing loans to small and micro-businesses secured by Bitcoin.

🧨 Details of the planned decision are unknown, but some details were announced by government adviser Monica Taher during a Facebook Live Audio discussion titled “Bitcoin Loans with Reduced Interest Rates.”

💡 The financial instrument will work with the Chivo government wallet.

🔥 During the discussion, a representative of the Ledn project, which launched mortgage lending secured by bitcoin in December 2021, asked about mortgage.

🎯 Taher replied, that at the moment a loan product is being created for small and micro-businesses. But she added that the authorities will return to the issue of mortgages later.

✅ Our website https://www.robotics.online/

🔥 In the United States was created a fintech startup Milo, which was called the first in the world that provides a cryptocurrency mortgage service.

✊ The company invites US citizens and foreigners to use their digital assets to buy real estate in the US.

💡 So far, people can take out a 30-year home loan only using Bitcoin as collateral. This type of lending has its advantages.

📌 The company allows cryptocurrency holders to use their assets as investments in real estate instead of selling it for a down payment.

💣 Otherwise, they would have had to pay mortgage tax, or as a result of the growth of the cryptocurrency exchange rate after the sale, their assets could lose value.

💯 However, it remains unclear how much BTC will be needed to secure the loan. It is also unknown how the company intends to balance the asset’s volatility.
😎 Milo claims to have already completed several early access mortgages. The company hopes that in 2022 this service will become available to everyone.

Check other news for today and Please stand by..

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