UWM Accepts Cryptocurrencies for Mortgages in Pilot, Stops Short of Broader Use

Detroit News, Oct. 14, 2021–Breana Noble
The Pontiac-based mortgage giant in September accepted its first cryptocurrency payment, which it says is the first transaction of its kind in the industry. It accepted another five payments through cryptocurrencies in October, but because of “incremental costs and regulatory uncertainty” of the digital currencies, the company won’t broadly accept Bitcoin, Dogecoin or Ethereum for now, CEO Mat Ishbia said in a statement.