According to the data provided by Statista Inc., worldwide mobile payment systems market is predicted to surpass $1 trillion in U.S. dollars by 2019, compared to $450 billion U.S. dollars from 2015. The increasing use of mobile devices such as smartphones and tablets have led to an incredible growth of mobile commerce. Last year's fourth quarter of mobile e-commerce spending in the U.S. reported at a total of $22.7 billion U.S. dollars. Strong drivers that account for the growth of these systems also include the increasing use of mobile consumer spending on digital content such as apps, mobile games, and event tickets. Mogo Finance Technology Inc. (OTCQX: MOGOF) (TSX: MOGO) helps consumers take control of their financial health with easy to use solutions that are transparent. Mogo leverages technology and design to transform the way Canadians manage their finances. Mogo’s platform includes, MogoProtect, MogoMoney, MogoMortgage, MogoCard and upcoming MogoCrypto.
Recently, Mogo announced the implementation of blockchain capabilities to accelerate its plans to integrate Bitcoin and other cryptocurrencies into Mogo's digital account as well as future new products and features based on blockchain technology. David Feller, Founder and CEO of Mogo said, "Developing new products and features based on blockchain technology and cryptocurrencies is a natural extension for Mogo as we continue to build a digital banking experience for the next generation of consumers."
MogoProtect monitors your Equifax credit bureau and alerts you by push notification and email whenever a company makes an inquiry, which happens when you consent to a credit check while opening a new bank account or completing an application for credit. Back in November 2017, Mogo announced the launch of MogoProtect, to help consumers combat recent data breaches that led to identity fraud. "With data breaches happening almost daily, most people don't realize they've been compromised until the damage is already done. The potential effects of identify fraud – financial losses, reduced creditworthiness – can be devastating, making it more important than ever for everyone to watch for signs of suspicious activity and unexpected inquiries into their credit file," said David Feller, Founder and CEO of Mogo.
Blockchain professional, Anthony Di Iorio has joined Mogo this month as a Special Advisor to support the upcoming launch of the company’s previously announced cryptocurrency account including new strategic partnership opportunities in blockchain and cryptocurrencies. Di Iorio, Co-founder of Ethereum, one of the most top traded cryptocurrencies said, "If the Internet unlocked information, blockchain is unlocking value transfer. Mogo has built a powerful platform that is empowering the next generation of Canadians to gain control of their financial health with innovative digital finance products." "Blockchain and cryptocurrencies are a natural extension for Mogo as it's a truly disruptive technology that can remove expensive manual processes that are traditionally used by financial institutions and ultimately help consumers. The company's large fintech team, quickly growing member base and increasingly recognized brand are a massive advantage in an industry where trust and scale matter."
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