Subtle DECLAS? Coinbase To Launch Token-Backed Mortgage Down-Payments This Summer in BTC and StableCoin (USDC) WITHOUT conversion to fiat...
(www.zerohedge.com)
IT'S HERE! ! !
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Strike is doing some cool things with BTC backed loans and lines of credit.
Borrow against your stack and never have to sell.
Looks like this could be good with people trying to get a house and not having to sell btc to get collateral for down payment.
There is a hidden snafu that I KNOW some of the larger banks are going to try implementing with the digital currency to give participation a shot in the arm...and that is:
They would incentivize getting loans thru them using crypto & give them discounts on all sorts of things with their "marketing partners" - essentially creating their own little financial ecosystem, where everything is done under a single umbrella...It sets a very dangerous precedent - one that yoked many in the past making them nothing more than indentured servants to the "Company"...Something to keep an eye out for.
This has been discussed before on Badlands etc...
"Saint Peter dont you call me cause I can't go...
...I owe my soul to the Company Store"