Saved by Sam Blumenthal
Brands must tokenize their loyalty and rewards programs
When it comes to liquidity, the use of most points and rewards is limited to their respective brand ecosystem; consumers cannot redeem them at another company. Hotel brands such as Hilton, Hyatt and Marriott allow points to be used like cash within a certain threshold. However, this is only permitted during hotel stays — and in most cases, points a... See more
cointelegraph • Brands must tokenize their loyalty and rewards programs
Consumers feel empowered and perceive greater value when receiving currency in their app instead of recieving points. For many, brands are an identity symbol. Let's say Gucci identifies you as an ambassador and airdrops Gucci tokens to you as a thank you for posting positively about the brand across social media using your “GucciCoin” public tag. I... See more
cointelegraph • Brands must tokenize their loyalty and rewards programs
Enabled by secure and transparent decentralized ledger technology, branded stablecoins provide marketing intelligence to brands on who their biggest fans are. At the same time, branded stablecoins incentivize and reward customers for their loyalty. Brands can store user purchasing histories on the blockchain and then apply associated savings to the... See more