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Mogo Inc T.MOGO

Alternate Symbol(s):  MOGO

Mogo Inc. is a Canada-based digital finance company. The Company provides simple digital solutions to help them in building wealth and achieve financial freedom. Its trade app, MogoTrade, offers lowest cost way to invest while making a positive impact with every investment. The Company also offers digital loans and mortgages. Through its wholly owned subsidiary, Carta Worldwide, the Company also offer a digital payments platform that powers card programs for both established global corporations and fintech companies in Europe and Canada.


TSX:MOGO - Post by User

Bullboard Posts
Comment by CryptoCurrencyon Jan 17, 2018 11:51pm
85 Views
Post# 27382976

RE:Visa won't process transactions in bitcoin...

RE:Visa won't process transactions in bitcoin...Great article! I think MOGO gets around this problem though. They have a fiat currency account in CAD dollars that is linked to a 'prepaid visa'. When you want to spend bitcoin (hypothetically) you would convert into fiat instantly and then that fiat money would sit in the spending account, therefore it gets around the need for having to spend bitcoin directly. Also, MOGO really isnt affected by the price of bitcoin, they will make money off new users transactions fees and trading fees, as well as cross-selling. IMO. Let me know what you think.
Bullboard Posts