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Second largest US mortgage lender UWM dumps Bitcoin payment plans
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United Wholesale Mortgage (UWM), one of the largest wholesale and purchase lenders in the United States, is ditching Bitcoin (BTC) payment plans after running a test.
UWM officially announced Thursday that the company has successfully conducted its first-ever cryptocurrency mortgage pilot, accepting five crypto payments in October and one in September.
The firm did not disclose more information about the test, neither specifying what cryptocurrencies were part of the pilot nor what companies have assisted the firm in completing it.
“We’re proud to be the first mortgage lender to successfully pilot this technology and further demonstrate that we’re innovating for the long term,” UWM CEO Mat Ishbia stated.
But despite running the test
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