TORONTO, April 8, 2021 /CNW/ – Matrix Mortgage Global, Canada’s 3x Broker Of The Year, today announced the company is accepting Bitcoin, Bitcoin Cash, XRP and ETH, as well as several dollar-pegged stable coins, for payment of goods and services including Mortgage Agent Registration cost using BitPay. The ability to accept cryptocurrency expands Matrix Mortgage Global into international markets where accepting credit cards is not practical. Matrix Mortgage Global benefits by adding cryptocurrency to its payment options while reducing high fees increasing payment transparency and 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 shall be treated as a barter transaction.
“As an innovator in the mortgage industry, we decided to accept cryptocurrency to better align ourselves with the shift towards the global adoption of digital currency. Blockchain technology with the use of Smart Contracts is going to change the way mortgages are processed.” said Shawn Allen, Founder at Matrix Mortgage Global “Decentralized Finance ‘DeFi’ removes intermediaries making it possible for transacting parties to interact peer to peer.”
“Matrix Mortgage Global realizes the potential for cryptocurrency and block chain technology to transform the mortgage industry, making payments faster, more secure, and less expensive on a global scale,” said Sean Rolland, Director of Product…
