UWM Crypto Payments
- US mortgage lender United Wholesale Mortgage (UWM), previously known as United Shore Financial, will start accepting cryptocurrency payments by the end of this year, Detroit Free Press reported. The company’s CEO Mat Ishbia stated in an earnings call that they are hoping to do it “before anyone in the country,” and that they’re looking at adding support for bitcoin (BTC) first, but with ether (ETH) and other cryptos to follow.
- The cryptoasset management market will grow to USD 9.4bn by 2030 from USD 670m in 2020, according to a report by market research company Allied Market Research. Additionally, it states that increased digitization of financial services, surging investments in crypto and access to easier ways of purchasing crypto assets will fuel growth throughout the remainder of the decade.