United Wholesale Mortgage to Start Accepting Bitcoin

[ad_1]

In a quarterly earnings call Monday afternoon, United Wholesale Mortgage CEO Mat Ishiba said the company would start accepting Bitcoin and other cryptocurrencies before the end of the year.

Don’t miss the way smart money plays the crypto game. Subscribe to our premium newsletter – Crypto Investor.

“We have evaluated the feasibility and look forward to being the first mortgage company in America to accept cryptocurrency to meet mortgage payments,” Ishiba said. “This is something that we have been working on, and we are delighted that Hopefully in the third quarter we can actually execute this before everyone else in the country, because we are a leader in technology and innovation. .

Ishiba then expanded on what he said on the call with the Detroit Free Press by saying the company will start with Bitcoin but then expand to other cryptos like Ethereum and potentially more.

“I think we’re starting with Bitcoin, but we’re 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. “

United Wholesale Mortgage is the first major mortgage lender to make such a decision. The company has been the number one wholesale lender for six consecutive years and its business accounts for 20% of the market share in the space, according to its site.

Ishiba told the Detroit Free Press that there are no guarantees and the company is still working on the details, but has every intention of making the crypto payments happen.

“That’s the plan. Obviously, there’s no guarantee – we’re still working out some details. But absolutely.”

This story is developing.

[ad_2]