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UWM not ready to fully commit to cryptocurrency payments

United Wholesale Mortgage is testing the waters with cryptocurrency, announcing today that it accepted its first-ever cryptocurrency mortgage payment in September.

According to UWM, five more cryptocurrency mortgage payments were evaluated and accepted in October.

The Pontiac-based wholesale mortgage lender said that the transactions were used as models to “better assess scaling cryptocurrency payments for consumers.” But don’t expect UWM to jump aboard the crypto train just yet.

Mat Ishbia, president and CEO of UWM, said that by launching the pilot, the company looks to “[innovate] for the long term.” However, due to “incremental costs and regulatory uncertainty in the crypto space” the details ⇒

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