• Fluidity Money has announced a cashback program that will reward customers when they use crypto for payments.
• Cashback payouts are currently in stablecoins like USDT and USDC.
• The program is a collaboration with enterprise crypto payments app Request Finance.
Fluidity Money Launches Cashback Program
Fluidity Money has announced a new cashback program that will reward customers when they use their crypto for payments. This program, which is a collaboration with enterprise crypto payments app Request Finance, sees cashback payouts in stablecoins like USDT and USDC.
This „spend-to-earn“ program not only incentivizes more people to use their crypto for payments by rewarding them whenever they do so, but businesses can also earn rewards when they integrate these payment options. The platform also says that this loyalty system doesn’t eat into the cashback through huge interchange fees, unlike credit card programs.
Random Distribution of Rewards
The distribution of the rewards will be random, with payments sent directly to users‘ wallets. While support is currently limited to stablecoin payouts, Fluidity Money plans to expand the program to other loyalty offerings such as NFTs in the near future – offering tickets to token-gated offerings, air miles and digital collectibles as rewards depending on the type of NFT used.
How Does Fluidity Money Work?
Fluidity Money works with wrapped stablecoins (called “Fluid Assets”) which are obtained by depositing stablecoins like USD Coin (USDC) and Tether (USDT) into its platform. These fluid assets are then used to make transactions within the network or exchanged back into its source currency at any time without incurring additional fees or delays associated with traditional financial networks.
By introducing this new cashback reward system, Fluidity hopes to introduce more people into using cryptocurrency for making payments while also providing businesses an incentive for integrating these payment options on their platforms – thus promoting mainstream adoption of cryptocurrency even further.