Blockchain-based rewards platform Ribbit.me achieved three of its major milestones last week. According to company CFO and co-founder Greg Simon, they launched the
RibbitRewards blockchain, online wallet, and explorer.
RibbitRewards is essentially a rewards program based on blockchain technology, with tokens that are traded on Bittrex and Swisscex as RBR. The company launched free and paid airdrops in November 2014 for RBR coins and currently has 13,732 users. Users can exchange RBRs into goods and services, as well as virtual or fiat currencies.
Ribbit.me plans to launch a peer-2-peer marketplace – called Marketplace.life – which will accept all major digital and fiat currencies and where buyers and sellers earn RibbitRewards for each transaction. Ribbit.me also offers a retail plug-in that enables merchants all over the world to offer RibbitRewards to their customers
Simon comments on his blog:
The RibbitRewards blockchain will be released in three phases. Phase one, which we are now in, is a private chain launch with initial listing on exchanges. As of this blog post RibbitRewards is trading on digital currency exchanges Bittrex and Swisscex. More exchanges are coming soon! Phase two, about one or two weeks later, will open up the chain to public mining as a POW merge-mined SHA-256 and Scrypt mutli-aglo blockchain. Phase three, a few months down the road, will include the Proof of Shopping utility timed to be included with the launch of our flagship free to use p2p marketplace, Markeplace.life.
Ribbit.me is a U.S.-based Delaware corporation founded by Simon and CEO Sean Dennis. Simon is a Wall Street veteran with considerable experience in Asian equities. Dennis is real estate specialist. Both are founding members of the Nicaraguan Bitcoin Foundation.