On Monday, the publicly-listed Canadian company Mogo announced the firm is extending the bitcoin rewards program applied to the firm’s prepaid Visa card to the operation’s Mogomortgage product. Mogo members leveraging the Mogomortgage platform can earn up to $3,100 in bitcoin if they engage in a new mortgage or refinance an existing real estate loan.
Mogo CEO Highlights the Beginning Stages of Consumers Adding Bitcoin to Their Financial Portfolios
During the last few years, the Vancouver-based Mogo Inc., (NASDAQ:MOGO) (TSX:MOGO) has gradually been gravitating toward cryptocurrency solutions. Back in 2018, Mogo revealed a partnership with DMG Blockchain Solutions and planned to launch a bitcoin mining facility in British Columbia. At the end of December 2020, Mogo executive Greg Feller explained that Mogo was joining the trend of firms holding BTC on their balance sheets. Mogo disclosed the company invested 1.5% of Mogo’s total assets into bitcoin at the end of the third quarter of 2020.
Now Mogo has announced a new bitcoin rewards program for Mogomortgage consumers. “Under the program,” Mogo said on Monday, “Mogo members who take out a new mortgage or refinance with Mogo can earn up to $3,100 cashback deposited in their Bitcoin and Rewards account.”
Mogo’s founder and CEO, David Feller, believes as far as bitcoin adoption is concerned we are still in the nascent stages. “Our bitcoin rewards program is all about giving our members more ways to accumulate bitcoin,” Feller said. “It’s clear that we’re still in the beginning stages of seeing …
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