Cryptocurrency mortgage lending – time to get onboard?
This is not your grandfather's transaction Luxembourg-based Altisource Portfolio Solutions SA recently struck an agreement with a cryptocurrency payment and conversion service to facilitate the purchase of homes with digital currency. Michael Jansta (pictured), chief marketing officer for Altisource, said the agreement with ForumPay makes it easier to buy real estate with cryptocurrency, despite the currency’s volatility. “It’s kind of like buying gold from a dealer during the day while it’s fluctuating. They lock the exchange rate for a couple of minutes, and you put in your credit card or your bank transfer information and you can buy gold. ForumPay does the same thing with cryptocurrency.” He expounded: “So if you want to buy a house and your title company sends you a total that you’re supposed to tender – whether th
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