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Writer's pictureRaymond Chai

OTCbid - Second-largest U.S. mortgage lender will accept payment in bitcoin



" Starting later this year, U.S. homebuyers will have the option to pay for their mortgage in bitcoin.

United Wholesale Mortgage, which made its public debut in January via a special purpose acquisition (SPAC) merger, announced plans this week to accept cryptocurrency for home loans, in what is being billed as a first for the national mortgage industry.


“We’ve evaluated the feasibility, and we’re looking forward to being the first mortgage company in America to accept cryptocurrency to satisfy mortgage payments,” CEO Mat Ishbia said in the company’s second quarter earnings call on Monday.


“That’s something that we’ve been working on, and we’re excited that hopefully, in Q3, we can actually execute on that before anyone in the country because we are a leader in technology and innovation.” - Read Full Article


Source: CNBC




1M-1.5M BTC SELLER AVAILABLE

" We get asked for millions of BTC from billion-dollar companies. We can do it with multiple sellers and multiple wallets."

- OTCbid

-20% Gross, -8% Net, MT103, Bank, Escrow, Lawyer.


Buyer Mandate Only - OTCbid.com



NEW: 1M BTC with R&E @ -20% gross, -8% net, MT103, Bank, Escrow, Lawyer - Look For Buyer

(Seller : WH GN-Tele)

Post: 19.8.21

​​​​​​

  • A seller is selling 1M BTC with R&E @ -20% gross, -8% net

  • The seller rep has verified this seller and he is transacting with them.

  • Seller can do MT103, Escrow, or Ledger with any major bank

  • They have over 1M BTC to sell with verified POC

  • Buyer = 8%

  • Buyerside = 6%

  • Sellerside = 6%

  • First tranche = 1000 BTC

  • Subsequent tranches = 10000 BTC

  • PROCEDURES:

  1. BUYER fills in the contract details and initials each page to validate the contract procedures are acceptable. (Amendments can be REDLINED in the agreement)

  2. BUYER or the authorized BUYER Representative and SELLER or the authorized SELLER Representative communicate on the execution of the transaction

  3. SELLER completes the contract details and initial each page.

  4. BUYER and SELLER shall execute the purchase agreement.

  5. Upon receipt of executed purchase agreement, the SELLER shall show proof of life for the first tranche via screen shot, Zoom call, or email; and the BUYER shall show proof of funds for the first tranche via an active recent bank account statement of (USD/Euros) to SELLERS attorney via screen shot or email. After both sides acknowledges the proof ups, both sides will set a TTM at the BUYERS chosen ESCROW AGENT.

  6. BUYER hereby gives the SELLER or authorized SELLER Representative the BUYER LAW FIRM and LAWYER or TRUSTEE as “ESCROW AGENT” authorized by the BUYER for this transaction. In case this BUYER LAW FIRM and LAWYER or TRUSTEE as “ESCROW AGENT” is given separately, a copy of such authorization for the LAW FIRM and LAWYER or TRUSTEE as “ESCROW AGENT” shall be attached to this agreement. The ESCROW AGENT signs the present agreement and assumes full ESCROW responsibility to the SELLER regarding the payment of the funds for (BTC) for each tranche agreed in this document.

  7. Seller shall conduct (wallet A to wallet B) test with a (Satoshi) for the amount requested by the BUYER or with the entire amount requested for the first tranche.

  8. BUYER or the authorized BUYER Representative and SELLER or authorized SELLER Representative will agree on a date and location for the (TTM) meeting upon ESCROW AGENT’s formal invitation. During the meeting the SELLER is available to show the (BTC) to the ESCROW AGENT and will transfer the first tranche of (BTC) to the BUYERS wallet blockchain, eventually on ledger, upon request of the ESCROW AGENT, who sustains its cost on behalf of the BUYER.

  9. At the (TTM) meeting, once the BUYER ESCROW AGENT confirms receipt of the (BTC) on the BUYERS wallet, and validates with 6 blockchain validations, the ESCROW AGENT will send via (MT103 / RTGS / Ledger to Ledger) the payment for the first tranche of (BTC) countervalue in (USD/Euro).

  10. SELLER BANKER shall inform both ESCROW AGENT and SELLER receipt of the initial deposit.

  11. SELLER shall initiate placement of the first tranche of the (BTC) directly into the BUYER’s wallet, as well as COMMISSIONS according to the IMFPA to consultants. Buyer shall provide its (BTC) wallet information upon execution of the purchase agreement.

  12. SELLER shall provide evidence of said deposit of (BTC) after receipt of confirmation of the BUYER’s funds.

  13. Thereafter, BUYER shall confirm receipt of the evidence of the deposit in its wallet after six confirmations on the Blockchain.

  14. Steps 5-9 shall be repeated for subsequent tranches.

BUYER MANDATE ONLY

Interested parties should contact :

​​

  • OTCbid@gmail.com

  • DM Raymond Chai (on Linkedin)

  • Telegram @OTCbiddotcom

  • Telegram: +1 (786) 632 8577

  • T.me/otc_bid

  • OTCbid.com


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