With rewards codes, businesses can leverage the growth of crypto to onboard new customers and reward existing ones.
Crypto Loyalty Rewards
Binance Code gives businesses the ability to reward loyal customers with crypto while also bringing on new clients.
In a post on the Binance Blog, cryptocurrency exchange Binance is promoting its loyalty reward features. Businesses, regardless of type, can integrate Binance Code into their operations to offer gift cards to clients.
“Loyalty rewards are a powerful tool for companies to attract and retain customers. Businesses can use Binance Code to distribute gift cards in bulk and loyalty rewards to their customers. It’s a simple and flexible tool for transferring and exchanging crypto using secured prepaid codes,” according to the post.
Code Platform Details
Any business with an existing loyalty points program can convert to the Binance Code platform. Whether your company operates as an e-commerce store, a ride-sharing service or any type of retail for that matter, clients with existing points can have their points switched over into crypto.
Further, if you are a Web3 company operating a PlaytoEarn (P2E) game, you can also integrate Binance Code into your reward system and use it for distributing crypto prizes to players. Your clients also don’t have to be Binance users which reduces roadblocks and it opens it to more users.
How It Works:
Using an e-commerce business as the case study, you can create Binance Codes of a specific value based on the crypto funds your business already holds in your funding wallet. Once the customer chooses to convert their points into crypto, you can grant them a Binance Code. From there, the customer can choose to redeem that code on the Binance Gift Card Homepage.
If you want to create Binance Codes in real-time, you will have to set up a Binance Code API. For details and a step by step guide on how to set this up, you can check out this tutorial. There is also the option to generate multiple Binance Codes at once. If interested, you can check out the details here.
In order for crypto adoption to truly become mainstream, use cases have to be viable. With a rewards program that offers gift cards to users’ favorite places, Binance is moving one step closer to this goal.
Additional links and resources on Binance Code can be found here:
What is Binance:
Binance is the world’s largest cryptocurrency exchange, founded in Shanghai, China, by Changpeng Zhao (CZ). Binance supports over 740 trading pairs on its platform.
With a low transaction fee (0.1%) as well as fast transaction processing, Binance has become the exchange with the largest trading volume in the cryptocurrency market. Binance exchange’s technology can process 1.4 million orders per second, making it a top exchange in terms of the trading volume.
Where to find Binance:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.