US' second-largest mortgage lender has dropped its plan to accept crypto

Author: Eamonn Sheridan | Category: Cryptocurrency

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:
United Wholesale Mortgage began piloting crypto payments in August but has decided against extending the program. 

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