Philippines McDonald’s Joins LoyalCoin For New Crypto Rewards System to Rival WhopperCoin
WhopperCoin better watches out because McDonald's is ready to enter the crypto game now… in the Philippines, at least. The major fast food company has recently started a partnership with a company called LoyalCoin in order to start up a crypto-based program in the Philippines.
McDonald’s clients will now be able to earn cryptocurrencies by buying on the company and then they will be able to spend this money on rewards. The service is obviously intended to attract more sales and when you sign in for the program, you get a free burger, so there is literally no reason not to try it if you are in the region in which the new system is being set up.
LoyalCoin is a platform based on the blockchain technology which was created in order to let users claim rewards by purchasing goods and services from the companies that have partnerships with LoyalCoin.
Tokens from the company can be bought directly from crypto exchanges like NemChange and Cryptopia and you will get points from using their tokens to buy things instead of old fashioned fiat currency.
Several high-profile companies like Starbucks (and Whopper, as we affirmed before) are seeing an interesting market in using cryptos to emit rewards. It is still early to tell how successful these companies will be, but we believe that they could have a huge potential.
However, it is also fair to notice that systems like LoyalCoin can be considered somewhat flawed when used for loyalty since you can just basically buy the tokens from any exchange instead of using the proper system.
How To Use The New Rewards System
If you are interested in using this system, you should know that it is actually quite easy. First, you have to download the LoyalWallet App. After you register and complete your profile, you need to complete at least a Level 2 Verification in order to be eligible.
After that, you just need to put at least 10 Php on your app and register for the program. This way, you will receive a free burger. After you redeem your free burger, you will be able to participate in the loyalty program, which is available in all of the Philippines, except on Boracay, Kidzania and NAIA 3.