United Wholesale Mortgage to Accept Bitcoin Payments

July Sees 30% Spike in Active Bitcoin Addresses as Price Recovers

The leading mortgage lender in the U.S., United Whole Mortgages, has announced a plan to accept bitcoin (BTC) payments.

This past week, United Wholesale Mortgage (UWM) revealed its plan to accept BTC for payments. CEO Mat Ishbia said these plans should come to fruition by the end of the year. If so, this would make UWM the first major nationwide mortgage lender to offer such a service. 

Ishbia said the company is excited to offer crypto options for mortgage payments before anyone else in the country. 

According to the CEO, the rollout for crypto payments should begin later this quarter or sometime in the fourth quarter. At first, UVM only plans to accept bitcoin payments but may extend this service to Ethereum and potentially other altcoins in the future. 

“We’re 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. 

Bitcoin payment options expand

Earlier in the year, there was a moment of uncertainty for bitcoin payments. Shortly after Elon Musk announced that Tesla would accept BTC as payment, the company halted the option, citing the environmental concerns of bitcoin mining as the reason for the change. 

While environmental concerns raise a lot of eyebrows in and out of the crypto space, it seems bitcoin’s potential withstands the scrutiny. 

Over the last year, a number of big-name businesses have continued to bring on crypto payment options. 

This month alone two huge consumer companies announced their acceptance of bitcoin. AMC Entertainment plans for a bitcoin payment option for movie tickets. while the popular sandwich chain Quiznos will soon allow for bitcoin purchases in the Denver, Colorado area. 

As interest in the cryptocurrency space continues to climb, the trend seems to be moving towards a crypto-inclusive future.

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