Ribbit.me, a blockchain-based rewards program venture with its own marketplace, has formed a strategic partnership for Card Capture International DBA Cocard to serve as a merchant processor on Marketplace.life and to incorporate the RibbitRewards program into its payment processing portfolio.
Marketplace.life is an eBay-like, p2p marketplace where merchants and shoppers benefit from the convenience of using one rewards program for all of their purchases, while earning RibbitRewards for each transaction. The marketplace accepts all major currencies, both fiat and digital. A percentage of RibbitRewards go to buyers, sellers and to charity.
Sean Dennis, Ribbit.me CEO, remarked on the partnership:
Card Capture’s expansive merchant base is an ideal entry point for mainstreaming our rewards program built on blockchain technology. The RibbitRewards program has the potential to save billions of dollars a year across the rewards industry from operating efficiencies, consolidating rewards onto one platform and taking it off balance sheet. We are excited for Card Capture International to be among the first to realize these benefits.
Elan Bennett, Card Capture International Owner, commented:
“We are pleased to embark down this innovative path with Ribbit.me and believe our investment in their success will have long term financial benefits for our merchants. The team at Ribbit.me is comprised of progressive and forward thinkers with sound financial backgrounds in payments, banking and technology. Taking this step with them puts us on the forefront of what is now almost certain to become the future underpinning of all rewards programs.”
Ribbit.me is developing a retail plug-in and mobile app so that RibbitRewards can be earned on any merchant platform.