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.
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"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.
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."
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