United Wholesale Mortgage began piloting crypto payments in August but has decided against extending the program.
Trialled acceptance of bitcoin, ether, and dogecoin and multiple different borrowers.
- to see how the process would work
- says the demand is not there
- “There was not enough demand at the end of the day to really push the envelope too hard,”
- “Due to the current combination of incremental costs and regulatory uncertainty in the crypto space, we’ve concluded we aren’t going to extend beyond a pilot at this time,”
BTC not fussed, there are positive developments fir it ongoing: