US Mortgage Lender UWM Plans To Accept Bitcoin Payments

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United Wholesale Mortgage plans to accept payments in cryptocurrency – most likely bitcoin – later this year, it is clear that this will be the first occurrence for the US mortgage industry, according to Detroit Free Press

Michigan Lender Will Start By Accepting Bitcoins But Is Studying ether and other cryptocurrencies, CEO Mat Ishbia told the newspaper. “Before we run, we’re going to take a walk,” he said, stressing that UWM wanted its crypto service to be the first on the market.

UWM is a national mortgage lender with $ 59.2 billion in loans last year. quarter… Ishbia announced UWM’s cryptocurrency policy during a conference call on Monday.

The idea of ​​paying off a mortgage with cryptocurrency is not new. Earlier this month, the Spanish opposition party Sent by a bill allowing such payments. In other projects, bitcoin will be used as collateral for mortgages and loans.

UWM did not immediately respond to requests for comment.

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