Cryptocurrencies like Bitcoin are about to revolutionise the way we move money around, and this will
signal the end of the third-party handlers, namely banks and credit card companies who have been
taking a slice of the action since time began. Peer to peer payments can be made by individuals across
the globe using blockchain technology, with instant and anonymous funds transfer at the speed of
light, yet there are other applications for cryptocurrencies and more specifically, blockchain technology.
Customer Loyalty Programs
Commonly used in all industries, customer loyalty programs using Bitcoin as an incentive could reignite
a dying sector. It is estimated that around 30% of all customers who join loyalty programs, leave without
ever using the benefits, and perhaps Bitcoin is an attraction worth having. Cryptocurrency is hard cash,
which is always be the best incentive for customers to respend, and as the target is digital, it is very easy
to monitor and control. ...