Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company, today proclaimed that it has widened its novel bitcoin cashback rewards program ? which right currently applies to the Mogo Visa* Platinum Prepaid Card and digital spending account ? to fuse MogoMortgage. Under the program, Mogo members who take out another mortgage or refinance with Mogo can procure up to $3,100 cashback kept in their Bitcoin and Rewards account.
Mogo Inc. Provides New Ways To Earn Bitcoins
“Our bitcoin rewards program is connected to giving our members more ways to deal with gather bitcoin,” said David Feller, Mogo’s Founder and CEO. “Obviously we’re as yet in the beginning stages of seeing consumers add bitcoin to their financial portfolios, comparatively as we’re seeing corporations add it to their balance sheets. Given the volatility and hypothetical nature of bitcoin, there’s an expanding number of Canadians who are looking for ways to deal with take a premium without taking a risk with their own money, and our bitcoin rewards program satisfies this need. As a self-governing mortgage brokerage, our target has reliably been to help members with getting the best rate and the right mortgage, and now our new bitcoin rewards program will compensate them with up to $3,100 in bitcoin.”
“Unlike ordinary honor programs, bitcoin rewards have the striking nature of being an asset class that can rise in regard more than time – $3,100 put assets into bitcoin 5 years earlier would be worth more than $350,000 today,” continued with David Feller. “The residential mortgage market in Canada is a massive market surveyed at about $1.7 trillion, and we’re fulfilled to give Canadians an unfathomable technique to get a mortgage, while also obtaining bitcoin,” added Greg Feller, Mogo’s President and CFO.
Members can apply wherever and at whatever point through the free Mogo application. As a mortgage brokerage, Mogo works with a segment of the top lenders in Canada to collect a lineup of the best mortgage products and rates. This opportunity infers Mogo’s specialists can give altered direction reliant on individuals’ necessities, rather than the prerequisites of their bank.