Second largest US mortgage lender will accept crypto payments this year
Our observations:
Whilst real estate transactions using crypto has taken place much earlier, mortgage payments using crypto is a new trend. Real estate transactions could take place between two private individuals or an individual and a corporation. However, for mortgages, the mortgagee is usually an institution regulated by the authorities. Given this scenario, the delay in accepting crypto for mortgage payment is understandable.
Whilst this news article says that there has been reports of another two cases of mortgage payment, it must be remembered that not all institutions planning to accept crypto for mortgage payments would publicly report their plans. Under the circumstances, it is likely that there are many more cases of institutions planning to accept crypto for mortgage payments.
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