More than forty major brands in the United Kingdom will offer a Bitcoin cashback system. Among these brands, we find big names like the Boots pharmacy network, the company specializing in the distribution of Ocado food or even Homebase.
The initiatives around cryptos are multiplying more and more. The latest comes from the United Kingdom where many well-known brands will distribute Bitcoin cashback. Feedback on this clever device …
Bitcoin cashback for millions of customers!
More than 40 brands in the United Kingdom will lend themselves to the game of cashback in Bitcoin. And not just any! There are thus names very popular with the general public such as Boots, Ocado or Homebase.
As a reminder, a cashback is a percentage of the amount purchased that is paid to you as a reward. However, under this program, these percentages will be paid directly into… Bitcoin! This program is made possible through the partnership with a London-based Fintech company called Mode. Concretely, customers wishing to receive a cashback will simply have to pay with the QR code Mode.
“This marks a major milestone in making this asset class more accessible to consumers of all demographics, ultimately putting Bitcoin in the hands of millions of customers across the UK” Ryan Moore, Managing Director at Mode
Cashback, a smart way to promote crypto to the public!
Similar programs were already in place via Mode, notably with the ready-to-wear brand LK Bennett. Customers can thus perceive between 5 and 10% of the amount of their purchase in crypto. The rewards percentages with the new brands should be around the same.
Expanding this program to brands well known to the general public is a very important step for the recognition of cryptos. For example, as mentioned above, Boots is one of the lucky ones. You should know that in the United Kingdom, all pharmacies belong to the Boots network. In other words, millions of people go to one of the Island’s Boots pharmacies every day! If the name of Ocado means nothing to you, the company is also very well known across the Channel. This is a company specializing in home delivery of groceries!
The program put in place is therefore anything but trivial. It will allow democratize crypto to the public. This was indeed the primary intention of its instigators.
“We are trying to provide a low-risk entry into cryptos by giving clients the opportunity to passively touch Bitcoin without having to take any risk while investing. (…) People are looking for new ways to make their money work and to regain control of their finances. We believe Bitcoin is the best asset for this. »Ryan Moore, General Manager at Mode