Source: Mogo
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company empowering the next generation of consumers, today announced that their first-of-its-kind bitcoin rewards program has been extended to include the Mogo Visa* Platinum Prepaid Card (“MogoCard”) and digital spending account.
Beginning this month, members will earn 1% bitcoin cashback rewards for every purchase made on their MogoCard. Their rewards will be deposited monthly in cash directly into their bitcoin and rewards account.
The 1% bitcoin cashback rewards program is available exclusively to members who refer a friend to Mogo. This unique reward is another compelling feature of the MogoCard, which is also the first and only card in Canada (debit, credit or prepaid) with a carbon offset program that automatically offsets CO2 with every purchase. In addition to having carbon offsetting and bitcoin cashback, the MogoCard was designed to help Canadians get in control of their spending and stay out of debt.
“Consumers today want a modern rewards program that can really have a big impact on their lives, versus legacy travel rewards,” said David Feller, Mogo’s Founder and CEO. “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.”