Another Company Surges After Announcing Plans to Get Into Cryptocurrencies
- Firm aims to add ‘crypto accounts’ by first quarter: CFO
- Mogo account already offers loans, prepaid Visas and mortgages
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Canadian online lender Mogo Finance Technology Inc. rose the most in eight months after moving a step closer to giving customers the ability to hold bitcoin and other cryptocurrencies in digital wallets.
Mogo shares rose as much as 35 percent, the most since the company’s initial public offering in June 2015, and closed at C$5.15, up 31 percent. The move gives the company a market value of C$94.4 million ($73.6 million).