LoyalCoin: A Blockchain-Based Universal Loyalty Rewards System
What if you can use your redemption points from your favorite drugstore and use it to buy gas? Or buy groceries using points you got from other merchants? Send and receive your loyalty rewards peer-to-peer without intermediaries and fees? Interesting and really consumer-friendly, right? Yes, that’s what blockchain technology can do on current business, social and economic situations. This is just one of the real use cases that can be integrated into the system! But the connection and usage possibilities, not just for customers, but also for merchants, will be endless.
LoyalCoin: Redefining Customer Loyalty
For now, we are used to loyalty points being redeemed in the stores where we got them from, but with LoyalCoin, we will be able to use these across other merchants and businesses. It will be beneficial to both consumers and merchants, which will definitely create and promote great relationships in the business. For merchants, it will allow them to provide options for more customer engagement and loyalty. On the other side, consumers will benefit more from each point that they get. Likewise, they will be able to use it to achieve more advantages to what they have.
By enhancing loyalty points into LoyalCoin using NEM Blockchain, the brand experience that both merchants and customers will get will provide greater connection and will yield not just into amazing rewards, but also to a more successful business where possibilities will be endless. The diversity of utilization for the once-dormant loyalty points will be boundless. It’s certainly interesting now, and it’ll surely be advantageous to all and that’s something that we should all keep an eye out for!
To learn more about LoyalCoin, click here.
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