The bitcoin cashback rewards scheme also doesn't appear to be new. The scheme was previously only available to those who hold the Mogo Visa Platinum Prepaid Card, but it has now been extended to MogoMortgage customers as well.
"Our bitcoin rewards program is all about giving our members more ways to accumulate bitcoin," said Mogo founder and CEO David Feller. "Given the volatility and speculative nature of bitcoin, there's an increasing number of Canadians who are looking for ways to participate without risking their own money, and our bitcoin rewards program meets this demand."
Mogo works with lenders in Canada to provide mortgage deals to its users. Mogo president and CFO Greg Feller said the residential mortgage market in Canada is a "massive market estimated at about $1.7 trillion, and we're pleased to provide Canadians with a great way to get a mortgage, while also earning bitcoin."