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Nasdaq-Listed Canadian Firm Mogo Launches Bitcoin Cashback Mortgage Program

Nasdaq-Listed Canadian Firm Mogo Launches Bitcoin Cashback Mortgage Program



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  1. TLDR: “Mogo Finance Technology Inc., a Canadian fintech firm listed on Nasdaq (NASDAQ:MOGO) and Toronto Stock Exchange (TSX:MOGO), is now giving its members who take out a new mortgage or refinance an existing one the chance to earn cashback to buy bitcoin using its bitcoin (BTC, +2.11%) rewards account. “

  2. The more companies that do this, the less BTC will be “pegged at the dollar,” the more it can be used, which in turn would just shoot the price through the roof.

    Decentralized finance is a world changing technology where the sky is the limit. This article said that Canada’s housing market is worth about $1.7 trillion. Imagine what would happen if just a 10% of the worldwide housing market took BTC.

  3. tldr; Mogo Finance Technology is giving its members who take out a new mortgage or refinance an existing one the chance to earn cash to buy bitcoin using its bitcoin rewards account. The rewards are distributed in dollars into clients’ accounts which, in turn, allows clients to buy Bitcoin through the MogoCrypto program within the app. Canada’s residential mortgage market is estimated at $1.7 trillion.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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