MOGO - Mogo launches first-of-its-kind bitcoin cashback rewards program

Mogo (MOGO) +2.7% premarket, has launched first-of-its-kind bitcoin rewards program, extended to include the Mogo Visa Platinum Prepaid Card and digital spending account.Members will earn 1% bitcoin cashback rewards for every purchase made on their MogoCard, which will be deposited monthly in cash directly into their bitcoin and rewards account, beginning this month. David Feller, Mogo’s Founder and CEO said, “With bitcoin increasingly going mainstream, millions of Canadians are looking for a way to participate in this new asset class. This new program enables anyone to begin accumulating bitcoin, without risking their own money, while also controlling their spending and offsetting their carbon footprint, with no monthly or annual fee. Unlike traditional reward programs, bitcoin has the unique characteristic of being an asset class that can rise in value, as we have seen recently, and we’re excited to introduce a reward program that can potentially help members build wealth by accumulating bitcoin.”

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Mogo launches first-of-its-kind bitcoin cashback rewards program