TORONTO, April 8, 2021 / CNW / – Matrix Mortgage Global, From Canada 3x Broker Of The Year, announced today that the company is accepting Bitcoin, Bitcoin Cash, XRP and ETH, as well as several stable currencies pegged to the dollar, for payment for goods and services, including the cost of Mortgage Agent Registration using BitPay. The ability to accept cryptocurrencies expands Matrix Mortgage Global in international markets where accepting credit cards is not practical. Matrix Mortgage Global benefits from adding cryptocurrency to your payment options and, at the same time, reducing high fees, increasing transparency and payment efficiency. This is in line with the Canada Revenue Agency’s view that digital currencies, including cryptocurrencies, can be used to pay for goods and services and should be treated as an exchange transaction.
“As innovators in the mortgage industry, we decided to accept cryptocurrency to better align ourselves with the shift towards global adoption of digital currency. Blockchain technology with the use of Smart Contracts will change the way mortgages are processed.” said Shawn Allen, Founder of Matrix Mortgage Global “Decentralized Financing ‘DeFi’ removes intermediaries making it possible for the parties to the transaction to interact point-to-point.”
“Matrix Mortgage Global realizes the potential of cryptocurrency and blockchain technology to transform the mortgage industry, making payments faster, safer and less expensive on a global scale,” he said. Sean Rolland, Director of Product Management at BitPay. “Our goal is to make cryptocurrency acceptance an ongoing process.”
Blockchain uses distributed accounting technology, which is essentially an open online spreadsheet. A big advantage is that the blockchain provides incredible transactional transparency, as each transaction is verified, recorded and stored. This process creates highly efficient services and a better overall experience for Matrix Mortgage Global customers.
About Matrix Mortgage Global
Matrix Mortgage Global has advocated alternative loans in Canada since 2008. Along with a strong technology infrastructure and an innovative loan product package, Matrix Mortgage Global plays a critical role in the education and financing of Canadian borrowers, many of whom are affected by the government-sanctioned Stress Test Regulations. 2016 and 2018
Founded in 2008, Matrix Mortgage Global provides mortgage finance across Canada with a Solution-based loan approximation. With more $ 1.5B in the origin of mortgages, Matrix revolutionized the accessibility of alternative and private funds, offering a diverse set of mortgage and investment solutions. An active member of Mortgage Professionals Canada, Matrix defends Canadian borrowers at all levels of government.
Founded in 2011, BitPay pioneered blockchain payment processing with a mission to transform the way businesses and people send, receive and store money. Its business solutions eliminate transaction fraud, reduce the cost of payment processing and allow for borderless payments in cryptocurrency and fiat, among other services. BitPay offers consumers a complete digital asset management solution that includes BitPay Wallet and BitPay Prepaid Visa® Card, allowing them to turn digital assets into dollars to spend with tens of thousands of companies. The company has offices in North America, Europe, and South America and raised more than $ 70 million in financing 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 Metropolitan Commercial Bank, an FDIC member, 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 and conditions of the applicable Cardholder Agreement and fee schedule, if any.
SOURCE Matrix Mortgage Global
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