While cryptocurrencies continue to gain traditional acceptance, many investors wonder how useful their crypto is in everyday life. In a great development, the Federal Housing Finance Agency in the United States has taken a daring step by allowing cryptocurrencies to be considered as active in mortgage demands.
The crypto now counts for home loans!
This new rule means that Crypto Holdings can now help people qualify for loans. It is a positive decision for crypto users and a sign that digital assets are regularly part of the financial system.
From the rise in prices to the new rules that recognize digital assets, XRP comes out of commercial cards. How many XRP would you need to buy a house in the United States? Let’s explore the details because Chatgpt reveals the answer.
Currently, XRP is negotiated about $ 2.19. The median price for a typical house in the United States is around $ 420,000, although this can vary depending on the type of state, city and property.
If we had to pay the total cost of the house using XRP, it would need around 192,000 XRP. This is calculated by dividing the price of $ 420,000 by the XRP price at $ 2.19. This amount would cover a typical purchase of houses on an average market without mortgage or loan.
How many XRPs for a deposit?
A 20% deposit on a median price would require around 38,400 XRP at the current market rate. In high -value real estate markets such as San Francisco or New York, where real estate prices often exceed $ 1 million, the total XRP required for a full purchase could cross 450,000.
These figures clearly show how the number of tokens required an increase in the value of the property. In addition, the price of XRP is very volatile, so the number of tokens required can change over time. At the current price of $ 2.19, the purchase of a house at a median price in the United States would take around 190,000 to 200,000 XRP.
A larger change worldwide
This change is part of a broader trend. The Japan port group now accepts XRP for real estate purchases. Buyers can use XRP to buy properties in cities like Tokyo and Osaka. The company, already supporting Bitcoin and Ethereum, recently expanded its cryptographic payment options to include XRP, Sol and Doge.
Dubai also uses XRP LEDGER for TOKENSIZE IMMOBILIER. These movements reflect an increasing global trend to use XRP for real world payments.
