Ep 45. First Bitcoin Mortgage🚀

<p>Hey y’all!</p><p>I hope you had a terrific week! I’m visiting New Jersey this week. I checked into my hotel, walked towards the elevator when I ran into this: </p><p>This is a first! I’ve seen Bitcoin ATMs before but never in a hotel. The narrative I’d heard was that there are 2 main sets of Bitcoin ATM users in the US. The first set are immigrants. They buy and send Bitcoin as a means of sending and saving funds for loved ones in their home countries ex Venezuela, Mexico and Nigeria. This is particularly helpful for people who might be undocumented migrants in the US - they may not be able to have a conventional bank account. The second set are people who value anonymity. They like to use cash to buy Bitcoin. </p><p>Have you used a Bitcoin ATM? If yes, what was your use case? What was your experience?</p><p>Personally, I don’t love them because the fees are way higher than crypto exchanges. I am curious about the economics of owning Bitcoin ATMs. Might be a interesting side hustle to pursue. Maybe I’ll do a deep dive to investigate assess first.</p><p>On my mind🧠</p><p>Introducing the world’s first Bitcoin mortgage: Milo! 🚀</p><p><strong>Background</strong></p><p>* Milo! Depending on where you grew up, the word “Milo!” evokes memories of a sweet chocolatey drink ☕ or the 10th mayor of Tel Aviv. I’m in the first group. Yum! </p><p>* <a target="_blank" href="https://www.milocredit.com/crypto/">Milo Credit</a> is a global digital bank founded in 2018 to reshape mortgages for global consumers. Most people around the world don’t have access to a mortgage. They often never own a home. Many of those that do gradually build a house painstakingly over years as their funds allow. </p><p>* This month, Milo Credit launched the first Bitcoin mortgage. They are offering 30-year mortgages up to 100% of the house cost as long as you provide surplus Bitcoin collateral. The interest rates are low and payment plans are flexible and adjustable. </p><p>* So for example, if you wanted to buy a $200k condo, you might be required to