TORONTO, April 8, 2021 / CNW / – Matrix Mortgage Global, Canadian 3x Broker of the Year announced today that the company accepts Bitcoin, Bitcoin, XRP and ETH, as well as several dollar-pegged stablecoins to pay for goods and services, including the cost of registering a mortgage agent with BitPay. The ability to accept cryptocurrencies expands Matrix Mortgage Global’s capabilities in international markets where accepting credit cards is impractical. Matrix Mortgage Global wins by adding cryptocurrency to their payment methods, while lowering high fees, making payments more transparent and efficient. This is in line with the Canadian Tax Agency’s view that digital currencies, including cryptocurrencies, can be used to pay for goods and services and should be treated as a barter transaction.
“As an innovator in the mortgage industry, we decided to adopt cryptocurrency to better match the transition to global digital currency adoption. Blockchain technology using smart contracts will change the way mortgage loans are handled. ” said Sean Allen, Founder of Matrix Mortgage Global: “DeFi Decentralized Financing Eliminates Intermediaries, Allowing Transaction Partners To Interact With Each Other.”
“Matrix Mortgage Global recognizes the potential of cryptocurrency and blockchain technology to transform the mortgage industry by making payments faster, safer and less expensive globally,” he said. Sean Rolland, Director of Product Management BitPay. “Our goal is to make the process of accepting cryptocurrency easy.”
Blockchain uses distributed ledger technology, which is essentially an open online spreadsheet. The main benefit is that the blockchain provides incredible transaction transparency as every transaction is verified, recorded and stored. This process creates highly efficient services and an overall best experience for Matrix Mortgage Global clients.
About Matrix Mortgage Global
Matrix Mortgage Global stands for alternative lending in Canada since 2008. Together with a strong technological infrastructure and a suite of innovative lending products, Matrix Mortgage Global plays a critical role in educating and financing Canadian borrowers, most of whom fall under the government-sanctioned 2016 and 2018 Stress Test Regulations.
Matrix Mortgage Global, founded in 2008, provides mortgage finance throughout Canada. Solution Based Lending an approach. With more USD 1.5 billion In the mortgage industry, Matrix has revolutionized the availability of alternative and private funds by offering a diverse portfolio of mortgage and investment solutions. An active member of Mortgage Professionals Canada, Matrix protects Canadian borrowers at all levels of government.
BitPay, founded in 2011, pioneered blockchain payment processing with the mission of transforming the way businesses and people send, receive and store money. Its business solutions eliminate transaction fraud, reduce payment processing costs and, among other services, allow borderless payments in crypto and fiat. BitPay offers consumers a complete digital asset management solution that includes a BitPay wallet and BitPay Prepaid Visa® card, allowing them to convert digital assets into dollars for spending in tens of thousands of businesses. The company’s offices are located in St. North America, Europe, and South America and collected more 70 million dollars in financing from leading investment companies including Founders Fund, Index Ventures, Virgin Group and Aquiline Technology Growth. For more information visit bitpay.com.
The BitPay Visa® prepaid card is issued by the Capital Commercial Bank, a member of the FDIC, under a Visa license, USA Inc. “Metropolitan” and “Metropolitan Commercial Bank” are registered trademarks of Metropolitan Commercial Bank © 2014. Use of the Card is subject to the terms of the applicable Cardholder Agreement and rates, if any.
SOURCE Matrix Mortgage Global
For more information: Media Contact: Carla Allen, Matrix Mortgage Global, [email protected], Jan Jahoski, BitPay, [email protected]