Citi Flags Crypto-Backed Real Estate Mortgages Amid Falling Market Conditions

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.Citi has published an investor note on crypto-backed mortgages and the purchase of real estate in the metaverse. Reporting by oknightcrypto and willcanny99

Banking giant Citigroup has made a series of comments on mortgages backed by cryptocurrencies and the rise of digital real estate in the metaverse amid a pullback in the crypto markets.

The note goes on to describe how crypto investors can collateralize crypto holdings that at least covers the cost of a property before being issued a loan.

 

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Citi OKnightCrypto willcanny99 Is the purchase in MetaRuffy? Or they didn't saw us yet 🤔 Metaverse

Citi OKnightCrypto willcanny99 Imagine the sleepless nights knowing your mortgage could be called because of speculation dips. btc ride is over. World realizing asset-less computer generated numbers aren't really as valuable as the sellers saylor say? SquawkCNBC CNBC

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