Second-largest U.S. mortgage lender ditches its plan to accept payments in bitcoin

Second-largest U.S. mortgage lender ditches its plan to accept payments in bitcoin

- United Wholesale Mortgage, which made its public debut in January via a special purpose acquisition (SPAC) merger, began piloting crypto payments in August in an industry first. - CEO Mat Ishbia tells CNBC that after testing it out, the company decided it wasn't worth it. - "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," said Ishbia. U.S. homebuyers apparently aren't all that interested in paying their mortgages in cryptocurrencies like bitcoin. United Wholesale Mortgage, which made its public debut in January via a special purpose acquisition (SPAC) merger, began piloting crypto payments in August in a first for the industry. But CEO Mat Ishbia now tells CNBC that after …
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