00:00 Speaker a
Currently, you can use Crypto when buying a house, but it must be filtered. So for the batch provided, it must be filtered. For reserves, it must be filtered. What Culti called for, and this is not effective yet, but he called for Fani and Faridi to consider how to use it as reserves without liquidating it, and this is very important, because every person is encrypted and never wants to filter it.
00:45 Speaker
Jennifer, I am just curiosity despite why traditionally, I was working for a long time, was the encryption excluded from insurance frameworks? I mean, traditionally, was that because people thought, listen, he is very volatile, is not enough organization? What are the reasons?
01:21 Jennifer
I think the mortgage industry often moves slower. I also think that in the large banking field, there were quite a few rejectionists against Crypto, saying it was not the real money and was a heresy. But as we have seen with Blackrock, it is coded, Chase is now looking to use the investment funds circulating in Bitcoin as a guarantee on loans. Feelings have really changed, and I think this is what drives this, as well as the president comes out and says he wants the United States to be the capital of encryption in the world.
02:21 Speaker
Are you, the actual effects of this, Jennifer, as you know, let’s say that, do you imagine, well, there will be a lot of American home buyers who can qualify for a loan?
02:56 Jennifer
Yes, I think we remove more barriers. As you know, in terms of reserves, many people do not understand that in situations such as, let’s say, it is a loan occupied by the owner. Sometimes, if you have a higher income or something incorrect, more reserves can help get this loan. I can have a borrower now has $ 100,000 of encryption, and unless they are, I can’t use it to strengthen it. So Vanie and Faridi look at a way to do this, and will help people.
03:54 Speaker
Do you think, Jennifer, let’s say that the currency encryption price, does this mean that the lender will return to the borrower and say, hey, as you know, you have to put an additional guarantee here?
04:28 Jennifer
Uh, I mean that depends. If the loan is not closed yet, yes, we will pay attention in theory. But we still do not know what the guidelines and guarding the guard are in this. Will they deal with all cryptocurrency currencies, or will it be just like, as you know, Bitcoin, Ethereum, Ripple? As you know, I think Trump said that there were about five that he was looking at the United States in which it was investing. Is this what they will link? We do not know what the rules will be yet, so it is difficult to understand the risks. This is what they study is how to do this in a safe way and still help people enter homes.
05:36 Speaker
One question I heard, Jennifer, I am curious to get this. I have heard some people asking you, you have this type of applicable mortgage system and the difficulty of integrating the encryption in it, tactically and operating only. What do you say that?
06:05 Jennifer
I think what they are talking about now is just subscription. So I don’t think this is difficult because it will be only, uh, we have seen this with the income of restricted stocks. We saw a lot in technology. It is just the way we look at. Now, for example, I began to see that fallen payments, instead of filtering encryption, people expected to go from the stock exchange directly to the guarantee. Yes, this will be a change. However, there are companies in that space lining up to do so. So I think technology is moving very quickly now. These are not mortgage companies for the years.