- StormX have announced a new initiative ‘cryptoback’ for Walmart purchases.
- The company announced a reward of 4% cashback for regular members in the US.
- Diamond members of the company will be entitled to a 14% cashback.
StormX have announced a new initiative ‘cryptoback’ for Walmart purchases.The customers can now shop and earn cashbacks in cryptocurrencies. The company in a tweet announced a reward of 4% cashback for regular members in the US and a 14% cashback for the diamond members.
StormX Has Distributed Crypto Worth $2 Million
StormX is a Seattle loyalty rewards platform which is based on blockchain technology. Back in April, StormX launched its very first crypto back services for shoppers after the widespread success of ‘Honey’. This reward and loyalty platform was acquired by PayPal for $4 billion last November. Previously, StormX has received great appreciation from big corporate companies like Microsoft, Nike, Adidas, eBay, Target, Dell, and Samsung. As of now, StormX has reported that it has already distributed cryptocurrencies worth $2 million among users.
First Loyalty Platform To Be Supported By Multinational Corporation
By adding Walmart to its 500+ chain of services, StormX becomes the first start-up of its kind to be supported by such a big multinational company. Walmart, alone serves around 265 million customers on a weekly basis. It has almost 11,500 stores distributed in 27 countries and not to mention the online stores. The multinational corporation has already collected a revenue of $524 billion till now.
StormX CEO Optimistic About Its Services For Walmart Shoppers
Simon Yu, the CEO of StormX said that Walmart is associated with choice and value. Hence, they are excited to encourage customers to shop in Walmart. Moreover, he mentioned that StormX is the only crypto cashback program to be supported by Walmart worldwide. Thus, the company is pretty much confident that users will leverage this rewards program and earn their favourite crypto assets while shopping with their favourite store.
Bringing Together Traditional And Digital Financial Systems
StormX’s crypto back loyalty program to some extent is an outcome of the mainstream adoption of cryptocurrencies. And the service makes acquiring, usage and storage of crypto assets for users easier, as it should be. Not only can users earn cryptocurrencies while shopping, but they can also earn crypto by completing certain tasks in the StormX application. In addition, StormX also offers non-custodial wallets for BTC, LTC, ETH and obviously its native token, STMX. Moreover, Through this integration, StormX aims at reducing the boundaries between traditional and digital financial systems.