Canadian fintech firm Mogo has launched an app allowing people to buy bitcoin via their smartphone using a credit card. The MogoCrypto app also claims to offer an accessible solution for users to trade bitcoin. The spike in LocalBitcoins trading volume follows recent actions of major banks in Canada to forbid cryptocurrency merchant transactions. According to the company, its mobile wallet is designed specifically with cryptocurrency in mind. It also follows the government's announcement of a blockchain-based traveller ID scheme Known Traveller Digital Identity, which is intended to ease movement across borders.
Canadian fintech firm Mogo has launched an app allowing people to buy bitcoin via their smartphone using a credit card. The MogoCrypto app also claims to offer an accessible solution for users to trade bitcoin. According to the company, its mobile wallet is designed specifically with cryptocurrency in mind. It also follows the government's announcement of a blockchain-based traveller ID scheme Known Traveller Digital Identity, which is intended to ease movement across borders.