Bitcoin: The next rewards-based economy?
Cryptocurrency advocates are cheering on the adoption of bitcoin by merchants. You can now buy everything from online dating accounts to a pint and a pie using the system. But could bitcoin also be the next basis for company rewards programs, targeting both employees and consumers? Recognize, an employee reward system that includes a mobile app, has announced that it is considering support for bitcoins as a form of monetary reward for workers. Yet, at the same time, it argues that cash rewards are less productive than non-cash rewards. So, why consider bitcoin as part of an employee reward....
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The team described the move as part of its efforts to balance the economy for the Smooth Love Potion token. Play-to-earn (P2E) blockchain game Axie Infinity (AXS) has completely removed the token rewards from its classic game mode to attract its users to a new game mode called Axie Infinity Origin. The Axie Infinity team announced that starting on Aug. 12, there will be no more Smooth Love Potions (SLP) to be minted on its classic mode. According to the team, the SLP rewards will be migrated to their new game mode. However, minting will be unavailable for 30 days as the team conducts a....
The Atlanta-based crypto payment services company Bitpay has announced that Bitpay’s prepaid cardholders are eligible for cash back rewards if they use their card with participating retailers. The rewards feature stems from Bitpay’s partnership with Cardlytics and cardholders can get up to 15% in cash back rewards on purchases from the service from thousands of retailers. Bitpay Partners With Cardlytics to Offer Cash Back Rewards to Bitpay Card Users Shopping at Select Merchants On Wednesday, Bitpay announced that the crypto payment firm has partnered with the publicly-listed....
Cardholders will earn a percentage back in Bitcoin instead of airline miles or other cashback rewards New York-based crypto loans and savings startup BlockFi launched its Bitcoin (BTC) rewards credit card today. The card is available to select approved customers on the United States waitlist. Officially named BlockFi Rewards Visa Signature Credit Card, the card was first announced at the end of last year by Visa and BlockFi. Available to use anywhere Visa is accepted, the card allows its recipients to earn 1.5% back in Bitcoin instead of airline miles or other cashback rewards. Earned....
Fluttercoin's logo reflects its three reward systems as well the cause-and-effect nature of some of the rewards. One reality often grappled with in the digital currency sector is what's seen as an unequal distribution of newly created bitcoins. While Satoshi Nakamoto originally envisioned a currency everyone could participate in and be rewarded, powerful hashing-farms have muscled out even the most determined hobbyists - forcing them to mine more profitable alt-coins. First came Scrypt - an algorithm promising to be ASIC resistant. As Scrypt-ASICs are now entering the scene, the alt-coin....
Companies started to offer crypto back rewards for credit card transactions, from business expenses to monthly subscription payments. Receiving cashback from your credit and debit card purchases has been a long-time benefit for credit card users. However, crypto entered the scene as projects start to implement crypto back rewards for card purchases. Back in 2021, BlockFi launched a Visa-backed Bitcoin rewards card as a way to welcome users into the crypto ecosystem. With the card, users can get 1.5% back in Bitcoin (BTC) instead of other rewards like cashback or miles. In the same year,....