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Snipp Partners with Blockchain Loyalty Provider for Security and Efficiency

Snipp Interactive Inc., a global provider of digital marketing promotions, rebates and loyalty solutions, has announced that it has signed a Memorandum of Understanding with Appsolutely Inc. to explore ways to incorporate its LoyalCoin loyalty solution into Snipp’s suite of products. LoyalCoin is the digital currency in a blockchain platform that allows consumers to use a single currency to redeem and exchange rewards from any participating brand.

By using a virtual currency, LoyalCoin is attempting to transform the current loyalty landscape into a cryptocurrency-based rewards system, creating an open loyalty ecosystem that gives consumers freedom in where they can redeem the rewards they have earned. LoyalCoin – LYL – is the token that serves as the official virtual currency of the new system.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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