UWM Mortgage Lender to Start Accepting Bitcoin
iHodl
Main page News, US Market, Cryptocurrency
Hot topic
17 August
95 95

United Wholesale Mortgage (UWM) is considering accepting bitcoin (EXANTE: Bitcoin) for payments by the year's end, the Detroit Free Press has learned. In an earnings call, UWM CEO, Mat Ishbia, said that the company could start accepting one or more cryptocurrencies later this quarter or in Q4, 2021.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

"I think we are starting with Bitcoin, but we are looking at Ethereum and others. We are going to walk before we run, but at the same time, we are definitely a leader in technology and innovation and we are always trying to be the best and the leader in everything we do," Ishbia said.

Cryptocurrency Lender Ledn Raises $30M from Kingsway Capital and Alan Howard

UWM decided to accept cryptocurrencies as the company set a total $59.2 billion in mortgages during the second quarter — a company record. In December last year, Mogo Inc., a Vancouver-based fintech mortgage loan company, announced plans to invest up to $1.5 million in bitcoin.

Mogo President and Chief Financial Officer, Greg Feller, said the company is a strong believer in BTC as an asset class and believes this investment is "consistent with our goal to make bitcoin investing available to all Canadians."

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error
Close