Tokenized cashback.
04 Aug 2021, 15:13
Tokenized cashback
Merchants who issue cashback, discounts, points or voucher-based rewards, can easily restructure their offerings and participate in the VOW and ᵛcurrency ecosystem.
Tokenizing their existing reward system into v$ for example, will not only allow customers to earn and redeem rewards using ᵛcurrency, but also enable merchants to de-risk any current rewards programs and achieve significant cashflow benefits.
Tokenizing the reward commitments of participating Merchants creates liquid, easy-to-use, digitally secured representations of discount or reward value. Therefore, each tokenized reward has an equivalent, fungible, value and can be redeemed at 1:1 with local fiat money.
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