FHFA Explores Bitcoin for Mortgage Appraisals

On June 25th, Bill Pulte, Director of the Federal Housing Finance Agency (FHFA) of the United States, announced that he has requested Fannie Mae and Freddie Mac to explore the inclusion of cryptocurrencies such as Bitcoin in the mortgage appraisal system. This move has sparked significant interest in the potential use of Bitcoin as collateral for purchasing real estate in the United States.

Pulte, a known advocate for cryptocurrency, personally holds substantial amounts of Bitcoin and Solana, and has investments in Bitcoin mining companies like Marathon Digital Holdings. Fannie Mae and Freddie Mac play a pivotal role in the U.S. mortgage market, and if this policy is implemented, it could mark a significant step towards the mainstream adoption of crypto assets in traditional finance.

Although the policy is still in its exploratory phase, the potential implications are vast. It could open new avenues for real estate investments and further integrate cryptocurrency assets with traditional financial systems. This development aligns with the growing trend of digital currencies becoming more accepted as legitimate financial tools.

In parallel, BiyaPay, a platform facilitating the integration of digital currencies with traditional finance, offers several key features that make investing easier. One of its standout services is the conversion of USDT to USD, EUR, HKD, SGD, and over 30 other fiat currencies, ensuring rapid and secure cross-border fund transfers with zero withdrawal freezes.

BiyaPay also supports the exchange of BTC, Ethereum, and over 200 other cryptocurrencies, with zero transaction fees for both spot and contract trading. This allows users to manage their digital assets efficiently. Additionally, BiyaPay enables USDT trading of U.S. stocks, providing users with the opportunity to participate in global stock markets without the need for an offshore account, thereby breaking down financial barriers and enabling global investment deployment.

Through BiyaPay, users can capitalize on the integration of digital currencies and traditional financial markets, making their investments more flexible and efficient. This platform not only facilitates the use of cryptocurrencies in everyday transactions but also opens up new opportunities for investing in various financial instruments, including real estate.