United Wholesale Mortgage (Uwm), One Of The Largest Us Mortgage Operators, Plans To Start Accepting Bitcoin Payments By The End Of 2021.
Uwm Was Formerly Known As United Shore Financial. Last Year, He Provided Nearly $ 183 Billion In Mortgages To Clients. Uwm Ceo Mat Ishbia Said The Company Is Ready To Take It To The Next Level. Therefore, It Was Decided That Uwm Will Add Support For Bitcoin This Year. In The Future, Uwm Will Accept Payments In Ether And Other Altcoins.
“We’ll start with BTC first to ‘walk before the run’, but we are looking at other cryptocurrencies as well. We are open to innovation and are pleased to be one of the first American companies in the mortgage industry to accept Bitcoin this year, ”Ishbia said.
Over The Past Few Years, Cryptocurrencies Have Been Actively Used In The Mortgage Sector. In March, The Canadian Company Mogo, Listed On The Nasdaq Stock Exchange, Provided Customers With The Option To Use The Cashback Received During The Registration Of The Mortgage To Buy Bitcoin. Mogo Ceo David Feller Has Identified Bitcoin As An Asset Class That Could Rise In Value Over Time.
According To Feller, $ 3,100 Worth Of Cryptocurrencies Bought Five Years Ago Are Now Worth More Than $ 350,000. In 2019, Cryptocurrency Entrepreneur Brock Pierce, Who Starred In The Movie Powerful Ducklings, Made Headlines After Taking Out The World’s First Bitcoin Mortgage To Buy A House In Amsterdam. Pierce Believes That Mortgages Using Cryptoassets Empower People Looking To Buy Real Estate. This Month, Spanish Lawmakers Introduced A Bill Aimed At Legalizing Mortgage Payments In Cryptocurrencies.