Mogo Finance Technology Inc. was founded in 2003 and is headquartered in Vancouver, Canada. The financial firm offers clients the option to manage and control finances and is now implementing a new update to its bitcoin cashback rewards program.
“The residential mortgage market in Canada is a massive market estimated at about $1.7 trillion, and we’re pleased to provide Canadians with a great way to get a mortgage, while also earning bitcoin,” David Feller, Mogo’s President, and CFO stated.
The service was available only to the Mogo Visa* Platinum Prepaid Card and digital spending account, but from now it will apply to MogoMortgage as well. With this new program, Mogo customers who get a new mortgage or refinance with Mogo, are now able to obtain up to $2,461 cashback placed in their Bitcoin and Rewards account.
“Our bitcoin rewards program is all about giving our members more ways to accumulate bitcoin,” said David Feller, Mogo’s Founder and CEO.
These rewards are given in dollars into customers’ accounts, allowing them to purchase bitcoin through the MogoCrypto program, part of the Mogo app.
“Unlike traditional reward programs, bitcoin rewards have the unique characteristic of being an asset class that can rise in value over time – $3,100 invested in bitcoin 5 years ago would be worth over $350,000 today,” continued David Feller.
Every member can register using the Mogo application, which is free.