VANCOUVER, British Columbia – (WIRE BUSINESS) – Mogo Inc. announced today. (NASDAQ: MOGO) (TSX: MOGO) (“Mogo” or “Company”), a digital payments and financial technology company that is empowering the next generation of consumers, is their first-ever program bitcoin -kind awards have been extended to include the Mogo Visa Platinum Prepaid Card * (“MogoCard”) and the digital spending account. Starting this month, members will win 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 only available to members who refer a friend to Mogo. This unique prize 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 offset CO.2 with every purchase. In addition to having carbon offsetting and bitcoin cash back, the MogoCard was designed to help Canadians manage their spending and stay out of debt.
“Today consumers want a modern rewards program that can make a big impact on their lives, against previous travel awards, ”said David Feller, Founder and CEO of Mogo. “With bitcoin increasingly going mainstream, millions of Canadians are looking for a way to get involved in this new asset class. This new program allows anyone to start accumulating bitcoin, without jeopardizing their own money, while also managing their spending and offsetting their carbon footprint, with no monthly or annual fee. Unlike traditional rewards programs, bitcoin has the unique feature of being an asset class that can rise in value, as we have seen recently, and we are excited to introduce a rewards program that can potentially help members build wealth by accumulating bitcoin . ”
To learn more about Mogo’s cashback rewards, visit: https://blog.mogo.ca/bitcoin-cashback-rewards
* Visa International Service Association trademarks and is used under license by the People’s Trust Company. The Visa Mogo Platinum Prepaid Card is issued by the People’s Trust Company under license from Visa Int. and subject to Terms and Conditions, visit mogo.ca for full details. Your MogoCard balance is not insured by the Canadian Deposit Insurance Corporation (CDIC). MogoCard means the Mogo Visa * Platinum Prepaid Card.
This news release may include “forward-looking statements” within the meaning of applicable securities legislation, including statements regarding our ability to increase brand awareness, drive member growth, engagement, and monetization. Forward-looking statements are necessarily based on a number of estimates and assumptions which, while considered reasonable by management at the time of preparation, are inherently subject to uncertainty and business contingencies, economic and competitive, and that they may be wrong. Forward-looking statements include known, unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to differ materially from the estimated future results, performance or achievements expressed or implied by those forward-looking and forward-looking statements- forward-looking statements are not guarantees of future performance. Mogo’s growth, its ability to expand into new products and markets and its expectations for its future financial performance are subject to a number of conditions, many of which are beyond Mogo’s control. For a description of the risks associated with Mogo’s business, please refer to the “Risk Factors” section of Mogo’s current annual information form, available at www.sedar.com and www.sec.gov. Except as required by law, Mogo disclaims any obligation to update or revise any forward-looking statements, whether as a result of information, events or otherwise.
Mogo – a financial technology company – offers a finance app that empowers consumers with simple solutions to help them manage their financial health and become more aware of the impact they are having on society and the planet . Consumers can sign up for a free account in just three minutes, start learning 4 financial health practices and conveniently access products that can help them achieve their financial goals and make a positive impact on the planet including a digital spending account with a Prepaid Card Platinum Visa Mogo * includes automatic carbon offset, free monthly credit score monitoring, ID fraud protection and personal loans. Members can also easily buy and sell bitcoin 24/7 through the Mogo app, as well as participate in Mogo’s new bitcoin rewards program. The Mogo platform is purpose-built to provide a best-in-class digital experience, with the best in-class products, all through a single account. With more than a million members and a marketing partnership with Canada’s largest news media company, Mogo continues to pursue its vision to abuse financial health and become a real financial app for the next generation of Canadians. To learn more, visit mogo.ca or download the mobile app (iOS or Android).