In an official statement, Unite Wholesale Mortgage announced that the company is looking to accept bitcoin payments pretty soon. The third quarter will witness a greater role of bitcoin in the real estate sector. Apart from Bitcoin, the company will also accept altcoins such as Ethereum.
United Wholesale Mortgage is one of the largest independent mortgage broker lenders. The company would be accepting bitcoin as a mode of payment from the third quarter of 2021. It seems that United Wholesale Mortgage is willing to jump into the crypto market of the U.S. Apart from Bitcoin, Ether, LTC, and BTC cash are also on the cards of United Wholesale Mortgage.
The successful integration of this project will establish the UWMA as the pioneer of bringing crypto to the real estate sector. United Wholesale Mortgage is the second-largest mortgage creditor in the country. The company’s way of operations is selling home loans using its certified network of brokers.
United Wholesale Mortgage went public earlier this year by a $16 billion SPAC merger with Gores Holdings. It was a milestone mover by the company. The company’s CEO said that the company’s long-term, future vision is analyzing and enter the virtual world. The company would start its journey by accepting bitcoin payments.
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However, the crypto community seems pretty happy about this development. Over the past 3 months, cryptocurrencies being accepted by consumers, retail, and now the real estate sector. However, some of the world’s biggest payment services providers have decided to launch their secured crypto payment network. These announcements have further cemented crypto’s legitimate claim and also answered security concerns. Even though the global crackdown is still quietly actively being executed against crypto mining and trading in some countries. But still, the popularity of the crypto trade remains harmless.
The CEO Mat Isbia also says that United Wholesale Mortgage is also a pioneer of bringing technological advancements in the real estate sector. That’s why the company has prepared the framework to integrate bitcoin as one of the modes of payments. However, critics say that accepting bitcoin in the real estate sector is not the newest idea. The same sort of initiative was taken previously. In April, the home loan dealer Matrix Mortgage Global in Canada acquainted Bitcoin installments with contract administrations.
As the cryptocurrency market volumes touch the $ 2trillion mark, the acceptance of crypto in the US is also normalizing. Over the past couple of months, 46 million U.S citizens have changed their views about crypto trading. Over 71% of U.S citizens believe that crypto is the way forward to fight the current economic recession caused by the covid-19 pandemic. It seems that the future of cryptocurrency seems bright.