Ribbit.me, Crypto Loyalty Solutions on Blockchain
The blockchain based loyalty program solution provider, Ribbit.me has secured a seed fund of $1.5 million for a Middle East and Europe based Hayaat Group. Customer Loyalty Programs is one of the marketing strategies to glue customers to the concerned brand. These programs incentivize people on their expenditure at outlets that are part of the network. The incentives are generally in the form of discounts or redeemable reward points for each unit of currency spent for the purchase of goods and services. Rewards program also act as an effective market research tool for brands. Whenever a....
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More than just rewarding customers in cryptocurrency, the underlying bitcoin technology holds a lot of promise in changing the loyalty rewards industry. In the latest version of the BitLicense framework in New York, these reward points based on the cyrptocurrency's blockchain were exempted from regulation. These comprise frequently flyer miles, hotel loyalty points, return-customer retailer programs and so forth that were developed using bitcoin blockchain. Ribbit.me, a company whose RibbitRewards are tradeable, blockchain-based loyalty tokens, gives reward points that are generated by an....
The ability that crypto currencies have to create new environments and business innovations is remarkable! You might say that Digital Currencies are the first real 21st Century technology, because it will be the main part running to implement profound changes in the way how we see currency, markets, assets, bonds, but most of all in the way how we deal across borders…. Ribbit.me is a new StartUp that aims to introduce a new and totally decentralized Ebay like Marketplace, with one special feature that provide the ability of users getting some cash back simply by selling and buying through....
What if every time you used Amazon they gave you money, just for using it? And what if eBay accepted multiple digital currencies as payment for goods listed on their site? What a world it would be... But Wait! The guys at Ribbit.me! (the exclamation mark is part of the company name) are doing this right now, and they are putting the finishing touches on their marketplace. I met the guys behind this exciting project and had a few questions that they gladly answered. Here's the whole scoop on Ribbit.me! What is Ribbit.me!? Ribbit.me! is the world's largest completely free to use online....
Blockchain has already demonstrated its ability to disrupt many industries. There is a whole load of companies playing around with Blockchain only the laziest haven't thought of new applications for it. Obviously, Blockchain is not a panacea for every problem. Does it have the potential to deal with challenges in the loyalty rewards industry? Blockchain certainly has a potential to bring changes to the industry but perhaps it would be fairer to consider it as a system facilitator rather than a replacement for a current system. Besides, the success of the undertaking would largely depend on....
Dubai is set to host the world’s first blockchain loyalty program with the launch of Loyyal, an umbrella scheme aimed at uniting many rewards programs under one banner. Uniting ‘Fragmented’ Loyalty Industry. In concert with the Dubai national government, Loyyal will use an “unbundled” blockchain to provide value transfer between loyalty scheme....