Tpoint Customers To Receive Bitcoin Through Loyalty Points Program Via BitFlyer Partnership
Tpoint Customers To Receive Bitcoin Through Loyalty Points Program
Partnerships in the crypto industry are crucial for the advancement of cryptocurrency and blockchain. These partnerships also allow crypto firms to come together and create solutions for their clients via technology.
Bitflyer and Tpoint have announced a partnership through which local clients will be able to exchange loyalty points for Bitcoin. The customers will also gain rewards whenever they make payments through cryptocurrency. Bitflyer is a cryptocurrency exchange and Tpoint is a technology services company.
According to a press statement on the partnership, the companies have a mission to make the world simpler through blockchain technology and they will continue to contribute to the development of a solid digital currency industry. Tpoint Japan is looking to turn its popular points into points for people. These points should be used to connect people and society. Some of the participating locations in this initiative include Yamada Denki, H.I.S and Bic Camera among others.
Bitcoin Rewards System
T-card holders are now able to convert their loyalty program points into Bitcoin through this partnership. Every 100 loyalty points can be converted into Bitcoin worth 85 JYP. These Bitcoin rewards have also been extended to customers who use Bitcoin to make payments. For every 500 JYP worth of Bitcoin spent, a user will receive one loyalty point.
The firms say that they expect to attract over 2 million more clients through this initiative. This would significantly grow the number of Bitcoin users in Japan and influence the continual growth of the crypto community.
Mainstream Adoption Of Cryptocurrency
Partnerships and initiatives that push cryptocurrency towards mainstream adoption are growing in number and the technology is being availed to more people across the world. Exposing people to digital assets is vital in ensuring that education about how these assets function reaches more people and these people may begin to make use of digital assets.
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Deloitte announced the launch of the Blockchain in a Box (BIAB) mobile application which will enable their clients to experience live demonstrations of blockchain solutions for their businesses. The application seeks to educate people about what blockchain technology can do through a practical showing of possible blockchain powered solutions.