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The use of cryptocurrencies is legal in Canada, and this includes Bitcoin, altcoins and stable coins. The only snag is that it isn’t considered a legal tender like their fiat counterparts. The law in place is that virtual currencies are treated like money service businesses which are mostly for anti-money laundering provisions.

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PaySimply is often the best choice because it’s one of the few alternative payment platforms that offer a mobile app option. It also accepts more payees than competing services, which tend to limit a set number of payees. This PaySimply review highlights many of the benefits and a few drawbacks of the company’s services.

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With Mogo, you can sign up and apply for a loan in less than 5 minutes, and you can receive the funds as soon as the same day you apply. This is quite advantageous if you are in urgent need of the money. The MogoCard, which is a prepaid card offered by the company is rightly adjudged to be one of the best available as no monthly or loading fees are charged. Plus, every time you tap your card Mogo will work with veritree to plant one tree.

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While there is no clear-cut insurance protection for customers using Mogo’s services, efficient systems are in place to ensure the safety of your funds. There is a bank-type security and an identity fraud protection system. Also, 95% of your bitcoin assets are stashed away offline in cold storage, safe from cybercriminals. We also know that Mogo is a verified online platform with 1.6 million members.

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When looking at currency rates, the majority of people have probably come across XE. Earn passive income, start investing in real estate. If you’re having second thoughts about going with Mogo, here are some viable alternatives.

PaySimply is compatible with Android and iOS devices. Once the app is installed, you can select from an extensive list of payees to find each bill or company you need to pay. Are you a business owner needing business loans to move your business to the next level… No monthly or loading fees when you use the card and doesn’t affect your credit score. Mogo provides a range of financial products and services for Canadians.


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