Actor-turned-crypto entrepreneur Brock Pierce used bitcoin as collateral to purchase a $1.3 million mansion in Amsterdam. The real estate transaction represents the first-ever crypto-backed mortgage. Swiss cryptocurrency startup Nexo facilitated the purchase. Nexo is a crypto wallet that lets you borrow up to $2 million in 45 different fiat currencies within 24 hours. “He backed the entire loan for the house with bitcoin,” Nexo co-founder Antoni Trenchev told Fox Business. “This was our first-ever crypto-backed mortgage.” Brock Pierce Holds 95% of Net Worth in Crypto Brock Pierce is a former child actor who starred on the hit 1992 film “The

The post Actor-Turned-Crypto Whiz Brock Pierce Buys $1.3 Million Mansion with Bitcoin appeared first on CCN


Source link

Leave a Reply