Bitcoin Cash in Australia has been steadily gaining momentum since its inception in August last year. BitcoinRewards.com is the latest Australian startup to make big headway within the rewards eco-system.
BitcoinRewards.com moved out of beta last week, and has Bitcoin Cash supporters in Australia and beyond, thrilled. CEO Kahn Hood has advised that members of the platform can earn on average 6.17 % of their online purchases back in Bitcoin Cash just by shopping through BitcoinRewards.com
The platform is an exclusively Bitcoin Cash model, taking full advantage of the low fees, and reliable on-chain transactions inherent within the protocol. Interestingly, Satoshi Nakamoto envisaged Bitcoin growing from this very avenue;
With over 1000 retailers participating across Australia, Brazil, Canada, New Zealand, United States and the United Kingdom there is a store to meet everyone’s personal shopping taste.
The extensive range of categories includes clothing and fashion with an astonishing 178 stores in Australia alone, other categories also include electronics, home and garden, travel and accommodation among many others.
Hood says, “ the uptake has been amazing, we’ve got some of the biggest names in the eCommerce world on board and we’re just warming up, compare us to any major shopping mall and you’ll find we have the store you’re looking for.”
Traditional reward point systems take a long time to accumulate, they can be confusing and often expire as the participants crawl closer to their claim. BitcoinRewards.com solves this problem with minimum payouts accessible at $1.00 in BCH as soon as the retailers return period for the goods or service has ended. That’s all thanks to the frictionless nature of BCH enabling such possibilities.
BitcoinRewards.com launched on the 1st of December 2017 and opted to embrace the existing network of Bitcoin Cash.
“We are in the business of utility not speculation, we saw it was important to add value to an existing network that is growing and focused on commerce rather than extract value into a token geared around speculation. Our vision is about being inclusive, not exclusive and Bitcoin Cash aligns perfectly with that vision.”
The killer app for blockchain tech might be the most obvious and often overlooked application, peer to peer electronic cash – Bitcoin Cash. BitcoinRewards.com assists in the adoption of Bitcoin Cash for the simple task of diverting your shopping through the BitcoinRewards.com platform.
Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.