Mogo Inc (NASDAQ: MOGO) has expanded its Bitcoin refund program (CRYPTO: BTC) to include MogoMortgage, according to a Monday press release.
What happened: The program, proposed through Mogo as a component of its Mogo Visa Platinum prepaid card and virtual expense account, will allow consumers to download a new loan with Mogo or refinance an existing loan to reach up to $3,100 in bitcoins. bitcoin accounts and rewards for consumers.
Why it’s important: As a Vancouver-based money-generating company, Mogo is exclusive because it is the only lending, non-public loan and investment company that allows its clients to invest directly in bitcoins. , Mogo hopes to gain a percentage of market place by giving consumers the opportunity to buy bitcoins securely through their to help consumers accumulate their wealth.
“Unlike classic rewards programs, bitcoin rewards have the unique feature of being an asset elegance whose price can increase over time: $3,100 invested in bitcoin five years ago is priced at over $3,500,000 today,” said David Feller, founder and CEO. Mogo.
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“Given the volatility and speculative nature of bitcoin, more and more Canadians are willing to engage in tactics without risking their own money, and our Bitcoin rewards program is responding to this demand,” Mogo said in the statement.
In addition: this resolution comes at a time when more and more corporations and banks give their consumers features to invest and pay for Bitcoin products. Recently, Morgan Stanley (NYSE: MS) announced that it would provide the opportunity for its wealthiest consumers. invest in secure cryptocurrencies, and last week, Tesla Inc (NASDAQ: TSLA) announced that it would allow consumers to pay for Bitcoin electric cars.
Related Link: Why Buying a Tesla with Bitcoin is rarely a very smart concept, for now
(Photo via Dmitry Demidko in Unsplash)