Assets, Bitcoin

Does Fannie Mae Accept Bitcoin?

Fannie Mae, the government-sponsored enterprise (GSE) that provides financial products and services to the mortgage industry, has not yet accepted bitcoin as payment for its products and services. However, the company has been exploring the use of blockchain technology, which is the underlying technology that powers bitcoin and other cryptocurrencies, for several years.

NOTE: Warning: Fannie Mae does not accept Bitcoin as a form of payment. Any advertisement or website claiming that they do accept Bitcoin as payment is likely fraudulent and should not be trusted.

In 2016, Fannie Mae piloted a project with blockchain startup R3 to test how the technology could be used to streamline the mortgage application process. And in 2018, the company joined forces with other major financial institutions, including Wells Fargo and HSBC, to launch a blockchain platform for managing trade finance transactions.

While Fannie Mae has not yet accepted bitcoin as payment, it is clear that the company is interested in exploring the potential of blockchain technology. It remains to be seen whether or not Fannie Mae will eventually accept bitcoin or other cryptocurrencies as payment for its products and services.

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