About Bitrewards?
BitRewards is a blockchain rewards and loyalty system for e-commerce businesses. It enables online stores to reward their shoppers with a cryptocurrency BIT, which helps to increase sales by an average of 17%. Because of the blockchain and our unique business model, this cutting-edge loyalty system is offered to the businesses free of charge.
BitRewards is designed to turn this around and make merchants and customers friends again.
It is an AI-based blockchain loyalty platform and ecosystem that enables online retailers to reward their customers' purchases, friends' invites, social media actions, personal details and data sharing and other valuable behavior with crypto currency "BIT".
"Better Than Cash" REWARDS for customers.
It has an absolute value for the customers, as they get for their purchases and activities the liquid Ethereum-based tokens, which can be traded at an exchange, transferred to another wallet or redeemed for purchases. The tokens are also designed so that they can go up in value in the course of time, which will give the customers a chance to see their rewards appreciate rather than expire.
So Why Now is the Time for the Travel Industry to Embrace Blockchain Loyalty Schemes
Loyalty programs have long been used by the travel industry as a way to win new customers and and encourage existing ones to come back and spend more. And for good reason.
The problem with travel rewards
Whether it’s traveling with work or enjoying a short getaway, millions of travelers are dependent on hotel rewards for hotel stays and flyer miles for flights. However, as the stats show, traditional loyalty schemes often fail to deliver. The reason for this lies in how difficult programs make it for travelers to earn enough points and cash in on the ones they have earned. 60% of people think that it takes too long to collect enough points to get anything of value.
Loyalty programs in their current guise suffer from a lack of transparency travelers are unsure how exactly points are accrued and left confused as to why some points purchases earn more points than others and are hampered by too many restrictions. Not only do rewards points take a long time to accumulate, they can often expire before a traveler has had the chance to redeem them.
Fixing the broken system
BitRewards can succeed where current loyalty programs fall short quite simply because it addresses the issues consumers are facing. It also presents a more cost effective and intuitive way for businesses within the travel industry to roll out rewards.
The problems customers face with collecting and gaining access to points are immediately addressed with a tokenization system. Rather than points being delivered in a statement weeks, or even months, after a purchase, digital tokens in the form of BIT Tokens are sent to the customer in real-time. When a purchase is completed, BIT cashback is sent immediately to the customer’s account.
In practice, this can mean booking a flight and having rewards to spend before you’ve even taken your seat. These rewards can then be used hire a car or make a dinner reservation from the plane.
Additionally, the same restrictions that dent consumer enthusiasm do not apply here. Customers are easily able to check how many points they hold across multiple different programs from “one wallet” and redeem them at their discretion, across a wide range of options. BitRewards is not restricted by merchant. BIT tokens can be used at any merchant within the ecosystem, retained to grow in value, or exchanged for fiat currency.
Well, customer experience is at the forefront of the BitRewards model. It works where traditional loyalty programs fall short, fixing the disconnect between brands and customers, and allowing merchants to create a truly personalized experience that improves customer satisfaction, boosts retention rates and increases revenues.
Find out more about BitRewards and our Token Launch at our site http://bitrewards.network/
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