Block Earner has announced the completion of an $8 million funding round to develop a Bitcoin-backed mortgage product

BlockBeats News, August 20th, Australian fintech company Block Earner announced the completion of an $8 million financing round to develop a Bitcoin-backed home loan product, allowing users to use Bitcoin as collateral to obtain funding for home purchase or renovation.

Block Earner stated that the volatility of the cryptocurrency market is gradually stabilizing, pilot projects are underway, and it is expected that users will successfully use cryptocurrency as collateral to purchase homes within this year.