As per the latest reports, Mogo has announced that it is extending its Bitcoin (BTC) reward program. Mogo is a Canadian company that has been listed publicly and has gained a lot of popularity in the real-estate sector. The announcement surrounding the extension of the Bitcoin (BTC) reward program was made by Mogo on Monday, March 29, 2021.
The firm has now extended the Bitcoin (BTC) reward program that it had applied to the Mogomortgage product through the prepaid Visa cards. According to the rewarding program, the members of Mogo who are currently utilizing the Mogomortgage platform’s leverage can earn Bitcoin (BTC).
The announcement suggests that the particular members are eligible for winning up to $3,100 worth of Bitcoin through the rewarding program. The members will be able to acquire these rewards if they engage in two different activities.
The first activity is going through the refinancing of a real estate loan that already exists or acquires a new mortgage from Mogo.
The Bitcoin (BTC) rewarding system is just the outcome of Mogo being attracted to the cryptocurrency industry. The followers and members of the Mogo real-estate have seen the firm grow more and more attracted towards the crypto-industry. Mogo has the title of being one of the top real-estate companies that were thinking about investing in cryptocurrencies even before the year 2019.
It was back in 2018 when Mogo had surprised the entire real-estate community as well as its members with an unusual partnership. Mogo had announced that it had formed a partnership with a blockchain solution known as DMG Blockchain Solutions.
For Mogo, it was just the beginning of a new journey and adventure that it had set upon. The company had revealed that it intended to explore more in the cryptocurrency industry and benefit from it as much as it can.
Mogo was one of the companies that had foreseen that the cryptocurrency industry, especially, Bitcoin (BTC0 were just getting started. Mogo had reportedly shared its plans for launching a Bitcoin (BTC) mining facility. At that time, the location that Mogo had decided for the mining process was British Columbia.
Later in December 2020, Greg Feller, who is the executive from Mogo revealed that the firm is holding Bitcoin (BTC). Feller stated that Mogo is among the companies and firms that have recognized the worth and importance of Bitcoin (BTC). Just like the rest of the mainstream companies, it has also acquired Bitcoin (BTC) and has added them to its balance sheet.
Furthermore, Greg Feller revealed that the real estate company, Mogo went through a lot of acquisitions of Bitcoin (BTC) in the third quarter of 2020. He revealed back in December 2020 that the company had invested 1.5% of its portfolio in Bitcoin (BTC).