Bitcoins Can Now Be Bought With A Credit Card in Canada
Apr 04, 2018 Posted / 1078 Views
Canadian Fintech organization Mogo moves forward by launching another application and giving individuals a chance to purchase Bitcoin through a credit card.
A Vancouver based Fintech Organization, Mogo, claims to be the first in the country to bring a solution for purchasing and offering bitcoins to its clients.
“Canadians are looking for a trusted and simple solution to buy and sell bitcoin, and that’s the need we’re addressing with MogoCrypto”, said the CEO of Mogo, David Feller.
A month ago the Canadian Government gave green light to the principal blockchain ETF (Exchange Traded Fund) and at the beginning of the year; the country had passed on forcing any tax changes for bitcoin. Therefore, it turns out Mogo’s move falls in accordance with the general regulative tone in the nation.
We even saw the Canadian Government declaring its blockchain based traveller id scheme, Traveler Digital Identity and regardless of the absence of a complete position in the interest of the authoritative bodies in the nation, it is moves like these that get down to business an apparently benevolent crypto setting.
MogoCrypto is the sixth accessible product in the mobile application and it’s as far as anyone knows the first of its kind in Canada to permit withdrawal or financing of Bitcoin with no additional fees or any other kind of expenses.
While MogoCrypto could be the principal application of its kind in Canada, it seems to follow in the strides of Billion-Dollar Us herald. Last year, Jack Dorsey’s Square Cash enabled clients to purchase and offer bitcoin with their credit card.
Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .
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