#Breaking: #Mortgage #rates in #Mozambique have reached as high as 22%.

1/ Mortgage rates in Mozambique have reached as high as 22%. Much of the population along the coastline can’t get a loan to buy a house, and shelters built by hand get destroyed by cyclones.

A quick look at how crypto can update the system to help get people in safer homes.🧵 pic.twitter.com/abFaOT5yL7

— Coinbase 🛡️ (@coinbase) May 12, 2023

Source: Twitter