While residential real estate lending has made good use of new technologies over the past several years, commercial lending is still in the dark ages with old, manual processes. Not only are commercial real estate lending methods outdated, but they’re costing the industry time, money, and business. Right now, digital mortgage companies are on the rise as 25% of loans are now from direct-to-customer organizations. Most borrowers are looking for exceptional customer service, and with the lengthy process of traditional lending, borrowers are looking elsewhere to get the job done. Alternative lending platforms such as Crowdstreet, Fundrise, and
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An economist with the Bank of International Settlements has found that cryptocurrencies are not sought as an alternative to fiat currencies or regulated finance, therefore a “technology-neutral regulation to this asset class” is recommended. The economist discussed “embedded supervision,” adding that “The main aim is low-cost supervision of decentralized markets.” BIS Economist Suggests Regulatory Approach […]
Statistics show that the Ethereum 2.0 deposit contract has exceeded 6 million ether this week as more than $12.4 billion worth of ethereum is held in the contract today. Onchain metrics show that Ethereum has seen some significant drawdowns in recent times and decentralized finance (defi) activity has slowed compared to last summer’s statistics. Despite […]
U.S. Senator Cynthia Lummis has encouraged “people to buy and hold” bitcoin in their portfolios. “I encourage them to save bitcoin for their retirement, for their future,” she said, adding that with Congress flooding the economy with trillions and trillions of dollars, “there’s no way” the value of the U.S. dollar will not be debased. […]