Mortgages

Homes over the price of $1 million in Florida, Texas and Colorado can now be mortgaged with bitcoin as collateral.

Bitcoin is becoming more popular in its use as a medium of exchange. Some tenants and landlords may prefer to transact exclusively in bitcoin.

Bitcoin as an asset is a perfect form of collateral and will likely be used to provide financial backing for mortgages and other forms of debt.

The fintech announced U.S. and non-U.S. customers alike would soon be able to use bitcoin as collateral to invest in real estate.

Already working with the Department of Homeland Security and the Bill & Melinda Gates Foundation to secure records on their blockchain, Factom has now...