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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Second largest US mortgage lender will accept crypto payments this year

Speaking during a conference call about the firm’s Q2 results, United Wholesale Mortgage CEO Mat Ishbia outlined plans to accept crypto payments this year.

United Wholesale Mortgage (UWM), the second-largest U.S.-based mortgage lender is planning to accept cryptocurrency payments this year starting with Bitcoin (BTC).

UWM CEO Mat Ishbia revealed the crypto plans on Monday in a conference call regarding the firms’ Q2 results — with the firm posting a $138.7 million net profit for the quarter.

"We’re excited that hopefully (this year) we can actually execute on that before anyone in the country," Ishbia said.

Speaking with the Detroit Free Press on Aug. 16, Ishbia said that the move would likely happen later this quarter, or at the start of Q4, adding, “I think we’re starting with Bitcoin, but we’re looking at Ethereum and others."

"We’re going to walk before we run, but at the same time, we are definitely a leader in technology and innovation and we are always trying to be the best and the leader in everything we do.”

"That’s the plan. Obliviously there’s no guarantees — we’re still working through some details,” the CEO added.

UWM was the second-largest mortgage lender in 2020, originating 560,798 loans worth almost $183 billion in 2020. Quicken Loans led the pack and originated $1.1 million loans worth $314 billion.

The use of crypto in real estate purchases has a history dating back seven years, with BitPay helping facilitate the sale of a Lake Tahoe property that sold for $1.6 million in BTC in 2014, however crypto mortgage repayments appear to be a relatively new phenomenon.

Related: Pioneering Aussie engineer refinances home loan using DeFi in a single day

In April Matrix Mortgage Global, a Toronto-based mortgage brokerage firm announced that it was accepting BTC, Ethereum (ETH), Bitcoin Cash (BCH) and several stablecoins for its services via Bitpay.

Cointelegraph reported on Aug. 4 that Spanish political party the People’s Party introduced a bill proposal that would enable property owners to pay mortgages with crypto and authorize the real estate sector to use their own cryptocurrency for mortgage purchases.

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