Block Earner raises $8 million to promote Bitcoin mortgage products Australian fintech company Block Earner has announced the completion of $8 million in funding for the development of Bitcoin mortgage products. This product allows users to use Bitcoin as collateral to provide financial support for home purchases or renovations, with a loan interest rate of 9.5%, which can be repaid in Australian dollars, additional Bitcoin, or a combination of both. Users can borrow up to 60% of the property value as a down payment, and the final mortgage will be provided by a third-party institution. Block Earner stated that the volatility of the cryptocurrency market is gradually stabilizing, and related pilot projects have been launched. It is expected that users will successfully purchase homes within this year.