Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: emma.lee1890 on December 01, 2018, 08:46:11 AM
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Maybe Bitcoin instead of going full mainstream currency needs to enter the masses through loyalty bonus point type programs. Loyalty points were really the original virtual currency....it's a lot less intimidating to the average user to collect 'points' or tokens and redeem them alongside normal fiat pathways. Say Starbucks gave out digital crypto points with a purchase made through your cellphone or credit card. Starbucks can firstly have tailor made loyalty program that normally is wasteful and inefficient and customers have then used cryto in a way that means they almost don't need to know its Bitcoin.
There are alt coin projects like Coval moving into this area but maybe Bitcoin needs to enter the masses counciousness through the backdoor of loyalty programs? The loyalty industry is btw worth 70 billion annually so it's not a small thing.
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I don't think btc needs loyalty rewards to enter masses consciousness. It already is known widely and I don't agree with the idea of it being a reward tokens that people don't need to know it's btc. People need to know what btc is. They have to be educated about it and its potential of they weren't alreadr aware.
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Bitcoin is already is in domination position in remittance market and in online transfers of money because low cost and fast transactions. It has huge potential in online gambling industry and some other services as well. I don't agree that Bitcoin will be used as loyalty points and has future just in this domain. Bitcoin is steadily moving ahead towards good and bright future.