CNBC's Diana Olick reports on the intersection between cryptocurrencies and real estate.
Breakdown
- Blockchain technology is being adopted in the real estate market, starting with residential and expanding to commercial properties.
- Fannie Mae and Freddie Mac now count cryptocurrency holdings as assets for loan qualification. 16s
- Crypto-backed mortgages are available for both residential and commercial properties. 21s
- Blockchain-based smart contracts and tokenization are streamlining property transactions and management. 1m 4s
- Some experts predict the entire real estate industry could move to blockchain within ten years. 1m 19s