One in every of Bitcoin’s hottest reward card distributors is launching a Bitcoin-back program.
Stockholm-based Bitrefill simply introduced its Bitrefill Rewards Program, an initiative that can give Bitrefill customers the choice to obtain Bitcoin again with each buy they make on the platform.
This rollout, in accordance with a press launch, comes after vocal buyer demand for a cash-back model of rewards for Bitcoin on the platform.
Based in 2015, Bitrefill helps you to buy giftcards for such manufacturers and providers as Uber
Bitrefill needs to encourage its customers to “live on crypto,” in accordance with its firm’s slogan. This rewards program is one other step in the direction of this purpose to create a Bitcoin round financial system whereby Bitcoin is used to pay immediately for items and providers as a substitute of cashing out to fiat first.
“Our slogan is “Live on crypto” and a huge chunk of our customers are doing just that,” Bitrefill CEO and co-founder Sergej Kotliar, mentioned in a launch. “So if we can use our marketing spending to reward our best customers, and make their living on crypto even more lucrative, then that’s a win-win.”
Bitrefill helps a lot of altcoins (like Ethereum and Litecoin), nevertheless it’s additionally one of many few Bitcoin market-making corporations that has built-in Bitcoin’s Lightning Community for immediate, low-to-no payment funds. With this new rewards program, Bitrefill now joins a rising fold of corporations that provide so-called “sats back” applications for its customers.