In recent times, loyalty cards are very popular with retailers as a means of persuading customers to make their first purchase and also come back to the same retail chain for shopping. Companies do this in order to stay competitive in today’s market. They are cumbersome and time-consuming to set up. But the question here is, how many times we are able to redeem them? And do we really use them enough?
Customers often get frustrated in participating in such loyalty programs, complaining about difficulty in earning points or redeeming them. There is no clarity on the existing programmes and often, most of them tend to shut themselves in less than 12 months as a result of lack of support.
Introducing BitRewards
BitRewards is a rewards and loyalty platform that enables vendors to give their customers cashback in the form of cryptocurrency. The absolute value is provided to the customers. They get cashback in the form Ethereum based tokens which can be redeemed or used for transferring to another crypto-wallet. The customers are more satisfied with rewards in crypto and are even more loyal. This will also help the companies enhance their business with fast, private and decentralized rewards system.
How does it work?
· The retailers can connect to BitRewards royalty system by installing the extension or integrating through their own existing loyalty system.
· Customers purchasing a product or referring a friend will earn their cash back in the form of BIT (internal currency that is used to conduct all operations in BitRewards). The cash back will automatically get credited to customer’s crypto wallet connected to the store.
· The appreciation of BIT encourages customers to save them instead of redeeming it soon enough. This will reduce the free-floating tokens.
Features
· Incentives: The reward system allows for incentives to keep increasing which is given to the customer in the form of cryptocurrency, thereby earning customer satisfaction and loyalty.
· Intuitive: To allow BitRewards automatic configuration in order to alter its functionality based on the demands of the user, BitRewards make use of AI-based analytics system.
· Compatibility: BitRewards is compatible with most existing e-commerce platforms.
· Affordability: While compared to most of the conventional retail systems BitRewards is much affordable.
How does this benefit the customer and retailer?
Customer
· It provides a user-friendly experience through a simple interface.
· Account creation merely requires facebook account or email and phone number.
· The customer’s dashboard filled with loyalty points gets converted to a crypto-wallet and these BIT tokens can be redeemed with any merchant in the BitRewards network.
· Flexibility and security is preserved in BitRewards. The users can also connect their crypto-wallet to their bank debit card. This is used similar to how you use your regular master or visa card.
· BIT tokens, unlike points, will not have an expiry date expiry date, thereby giving the customer the ease of flexibility out of the rewards earned.
· Ethereum and bitcoin can be credited to the customers BitRewards account and can also be used as a method of payment with BitRewards, thereby an easy way to make purchases through cryptocurrency
Retailers
· The retailers connected to this network will acquire new marketing tools, thereby increasing customer loyalty
· It offers a great chance to stand out among various brands and will definitely promote the company.
· While most loyalty programs attract regular shoppers, BitRewards also helps lure in crypto enthusiasts.
· BitRewards has been designed to allow easy conversion between BIT tokens and other cryptocurrencies.
Gone are the times when we got vouchers and “free” money. Those were sometimes a virtual way to trick us into believing that we actually get benefited with the rewards. With AI-based recommendations and a big experienced team, BitRewards has stepped up the rewards game. Now, with a more assuring technique of enticing customers with BitRewards, it has become easier for shopaholics to splurge on things they see, and remain loyal to retailers with no hassle at all!
Other Details
Official website
https://bitrewards.network/
Whitepaper
https://bitrewards.network/wp.pdf
Author
neverloggedin
https://bitcointalk.org/index.php?action=profile;u=1457262