The Vancouver-based Mogo, a Canadian fintech company, has announced the extension of its bitcoin (EXANTE: Bitcoin) cashback rewards program. Under the program, Mogo's clients who take out a new mortgage can earn up to $3,100 cashback deposited in their Bitcoin and Rewards account, the company said in a press release.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
Mogo's Founder and CEO, David Feller, believes the cryptocurrency market is still nascent as corporations have only started to add bitcoin to their balance sheets.
"Given the volatility and speculative nature of bitcoin, there is an increasing number of Canadians who are looking for ways to participate without risking their own money, and our bitcoin rewards program meets this demand," Feller highlighted.
In February this year, Mogo announced an investment in a Canadian cryptocurrency exchange called Coinsquare. The fintech company acquired 19.99% ownership of Coinsquare’s shares on a post-transaction basis for $56.4 million. It was also reported that Mogo could acquire an additional 20% in Coinsquare under certain conditions.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.