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Ribbit.me Poised To Lead Rewards Industry Consolidation Using Blockchain Technology, Enhancing Bitcoin Mainstream Utility

Ribbit.me Poised To Lead Rewards Industry Consolidation Using Blockchain Technology, Enhancing Bitcoin Mainstream Utility

Ribbit.me Poised to Lead Rewards Industry Consolidation Using Blockchain Technology, Enhancing Bitcoin Mainstream Utility NEW YORK, NY--(Marketwired - December 23, 2014) - RibbitRewards is the first rewards program based on blockchain technology (patent pending), the same technology Bitcoin uses. Ribbit.me is set to launch Marketplace.life, the first-ever p2p marketplace where buyers and sellers earn RibbitRewards for each transaction. This new global marketplace is free-to-use and accepts all major digital and fiat currencies. A percentage of all RibbitRewards created are donated to charity. Ribbit.me, the creator of RibbitRewards, the world's first rewards program based on blockchain technology and with its own marketplace, today released 2015 plans to create alliances with mainstream financial services partners to increase the efficiency of payment processing through enhanced utility of digital currencies. CFO Greg Simon, an economist whose background includes global investment banking, is one of the co-founders of Ribbit.me. He became interested in blockchain technology while embarking on a year-long trip around the world where he encountered obstacles to transacting using traditional fiat currencies. He progressed to the use of Bitcoin and then decided to build a rewards program based on the same technology with two partners, founding Ribbit.me. "It was a natural progression for Bitcoin to evolve into a solution for the rewards industry," said Simon. "The RibbitRewards program will save billions of dollars a year from operating efficiencies, industry consolidation and taking it off balance sheet." Simon said Marketplace.life shoppers benefit from the convenience of using one rewards program for all their purchases, while earning RibbitRewards for each transaction. Continue reading >>

Holytransaction Partners With Ribbitrewards To Further Blockchain-based Rewards Programs

Holytransaction Partners With Ribbitrewards To Further Blockchain-based Rewards Programs

HolyTransaction partners with RibbitRewards to further Blockchain-based rewards programs HolyTransaction partners with RibbitRewards to further Blockchain-based rewards programs HolyTransaction is thrilled to announce its integration with the Blockchain-based coalition rewards platform, RibbitRewards. This partnership represents a year of interaction between our two companies, beginning in 2014, and underscores our desire to continue working together for many years to come. RibbitRewards is the firstcoalitionrewards program built using Blockchain technology. Their platform allow companies to recognize the loyalty of their customers by awarding points that can be spent, saved, or shared with others. Additionally, RibbitRewards stands prominently out from the crowd as a result of their dedication to philanthropy; a percentage of all RibbitRewards created are donated to charity. Ribbit.me uses extensive HolyTransaction API to make invoicing and payment processing. It will make life much easier for users with HolyTransaction account and will give ability to get new HolyTransaction account instantly for those who do not have it yet. All of this gives the users seamless experience on both platforms. HolyTransaction multi-currency wallet users have access to storage for Bitcoin, Litecoin, Dogecoin, Dash, Blackcoin, and Mastercoin. Today, we add RibbitRewards to this list. Users will be able to receive, store, and spend their rewards via their HolyTransaction wallet, as well as exchange them instantly with one of our accepted digital currencies, as listed above. Our integration improves the experience of all users across both platforms, and we are dedicated to providing new and exciting experiences for our community and to continuing the proliferation of Blockchain technology. Continue reading >>

Boloro Cuts Deal With Ribbit.me For Blockchain Loyalty Solution

Boloro Cuts Deal With Ribbit.me For Blockchain Loyalty Solution

Boloro Cuts Deal with Ribbit.me For blockchain loyalty solution Boloro , an international mobile payments processing network that is currently operational in Afghanistan, Kuwait, Pakistan and South Africa, but will expand its operations across 15 countries by the end of 2016, has announced that it has chosen Ribbit.me s universal blockchain-based loyalty industry platform to provide its merchant partners with a loyalty solution. Owned and operated by Boloro Global Limited (formerly known as Net2Text Limited), Boloro was incorporated in Delaware and is headquartered in New York. Describing itself as an international payments processing branded network, Boloro says that it facilitates fast, secure and consumer-friendly payment acceptance for online/e-commerce, in-store retail, mass-transportation and government bill payment and remittances. Consumers are able to authorize payments using basic or smartphone without any application to download and can debit any account offered by issuers connected to the Boloro network, says the company. Ann Camarillo, Boloros president & CEOsaid: We wanted a way to further differentiate ourselves as we enter new markets while at the same time help merchants in our network improve their revenues and customer loyalty. Adding Ribbit.mes revolutionary loyalty element to our mobile payments offering is the perfect fit. Greg Simon, Ribbit.mes co-founder & CEOadded: Ribbit.mes loyalty platform will allow Boloro to offer something that no one else currently can. Any merchant in their network can independently operate their own branded loyalty program and create dynamic redemption networks with each other at a fraction of the current cost. Ribbit.me, also incorporated in Delaware and headquartered in New York, provides a global loyalty industry pl Continue reading >>

Ribbit Rewards Review First Blockchain Technology Program

Ribbit Rewards Review First Blockchain Technology Program

Ribbit Rewards Review First Blockchain Technology Program Ribbit Rewards is a new digital currency system based on the same blockchain technology that fuels Bitcoin. Find out if Ribbit Rewards is a worthy investment today in our review. Ribbit Rewards, found at Ribbit.me , is a new digital currency company that promises to be more versatile than any other digital currency available today. You can spend Ribbit Rewards online, share them with others, or save them. Currently, you cant spend Ribbit Rewards at any retailer (although the official website claims that merchants are coming soon). In the near future, however, you will be able to spend Ribbit Rewards at an online marketplace at Marketplace.life That marketplace promises to be completely free-to-use while also accepting multiple currencies. Both buyers and sellers earn Ribbit Rewards from each transaction. Its halfway through 2015 and Ribbit Rewards has not yet launched. However, a statement on the official website says the following: We already have many merchants and millions of items ready for launch in 2015. Clearly, the team behind Ribbit Rewards is anticipating that merchants are going to arrive shortly along with exciting products for the online store. Just like Bitcoin uses BTC as its shorthand, Ribbit Rewards has chosen RBT as its shorthand. You will sometimes see RBR used interchangeably, however, on both the official site and in media publications. Ribbit Rewards has published a whitepaper at its official website. You can read through that whitepaper to understand exactly how Ribbit Rewards works. All legitimate digital currencies use something called a blockchain. Without getting too deep into technical details, a blockchain is essentially an algorithm-based platform that lets anyone monitor the progre Continue reading >>

Reimagining Loyalty Programs With Blockchain Technology

Reimagining Loyalty Programs With Blockchain Technology

Reimagining Loyalty Programs With Blockchain Technology Loyal customers are one of the primary drivers of any for-profit business. By building loyalty rewards programs, companies aim to heighten the customer experience, said Kenny M. Smith , Financial Services Industry Leader and Eric Piscini , Principal, Banking and Technology, Consulting at Deloitte. According to some estimates, more than 75% of US adults participate in customer loyalty programs like those offered by credit card companies, hotel chains and retailers and more than $50 billion in reward points and miles are issued by American businesses annually. Loyalty programs are considered to be one of the most effective ways for merchants to boost customer retention. A study by Colloquy suggests that last year, US consumers alone held 3.3 billion memberships in customer loyalty programs. While some companies are at the top of the loyalty pyramid ( GameStop , Amazon, Costco), other businesses struggle to engage with customers in a meaningful way due to various reasons complexity of the signup process being one of the most repelling. Data suggests that 70% of consumers do not sign up for a loyalty program due to the inconvenience and time required to complete registration . The good news is, however, that 57% of brands are reported to have plans to increase loyalty program budgets in 2017 . While most companies are looking at loyalty programs as a business case to solve, technology companies are looking to reimagine the understanding of the technology that should be behind a perfect loyalty program. Players like Loyyal (a universal loyalty platform leveraging blockchain technology to increase efficiency and improve engagement for commerce and beyond), China UnionPay + IBM ( developing a blockchain-based system for Continue reading >>

Ribbit.me! The New Marketplace

Ribbit.me! The New Marketplace

What if every time you used Amazon they gave you money, just for using it? And what if eBay accepted multiple digital currencies as payment for goods listed on their site? But Wait! The guys at Ribbit.me! (the exclamation mark is part of the company name) are doing this right now, and they are putting the finishing touches on their marketplace. I met the guys behind this exciting project and had a few questions that they gladly answered. Heres the whole scoop on Ribbit.me! Ribbit.me! is the worlds largest completely free to use online marketplace accepting more fiat and digital currencies than anywhere else. On Ribbit.me! buyers and sellers of new and used goods and services can transact in fiat or just about any combination of digital currencies. For example, imagine I list a used digital camera to sell and I want to get paid in Darkcoin. You see the digital camera and decide you want it and you are going to pay in Dogecoin. With Ribbit.me! this is possible, and you and I dont even have to know what currency [we] were using. Additionally, buyers and sellers on Ribbit.me! actually get PAID to transact with our patent pending Ribbitcoin cash back rewards program. Every buyer and seller on the Ribbit.me! Marketplace, and other participating marketplaces, receives Ribbitcoin cash back rewards for their transaction. The higher the value of the transaction the more Ribbitcoin rewards they will get. But Ribbitcoin is not just a rewards coin, it is a fully functional digital currency that can be used just [like] any other currency such as US dollars or Bitcoin. As our global ambassador team integrates other marketplaces worldwide into the Ribbitcoin rewards program, Ribbitcoin will become the first truly global universally accepted cash back reward program that can also be us Continue reading >>

Companies Applying Blockchain For Better Loyalty Programs

Companies Applying Blockchain For Better Loyalty Programs

Companies Applying Blockchain For Better Loyalty Programs Blockchain tech can offer great advantages if implemented in loyalty programs: security, tamper resistance, tokenization. Customer loyalty and engagement are among the most important metrics for measuring modern retail companys success. To woo potential customers and reward the long-standing ones for their patronage, almost every successful business nowadays employs loyalty programs of some sort. Statistically, you, dear reader, most probably have participated in loyalty programs on several occasions and used coupons, plastic cards and digital notes which had some value within the network of the company that decided to reward its customers. And from personal experience, you can probably attest that traditional loyalty programs suffer from an entire host of maladies. To name a few, there is an obvious lack of a unified system which leads to low liquidity of loyalty points. Rewards are only redeemable at certain establishments and often not easily so. And of course, digitization is a must in the modern world. While some loyalty rewards are even now trackable or redeemable online, still they are not digital assets in and of themselves. And of course, there is always the necessity to use the intermediaries, like banks, which by itself increases the costs and introduces additional security risks. Those are all very familiar issues to anyone whos been following the advance of Blockchain technology in the real sector of the economy. Many industries have by now experienced the new disruptive paradigm of Blockchain and loyalty programs could not remain an exception for long. There are industries that can use Blockchain and there are industries that absolutely need it. Loyalty programs fall somewhere in between. The benef Continue reading >>

Ribbit.me Will Make Your Loyalty Points Truly Universal (and Worth More!)

Ribbit.me Will Make Your Loyalty Points Truly Universal (and Worth More!)

Ribbit.Me Will Make Your Loyalty Points Truly Universal (And Worth More!) Its obvious that while Bitcoin is popular, not everyone really understands the value of this crypto-currency, while even less people use it. While Bitcoin companies enter the mainstream more and more, theres a completely other company thats bringing the benefits of Blockchain Technology (which Bitcoin is also based on) to the localty-points and rewards industry. Meet Ribbit.Me, the worlds first coalition rewards program built on, as I mentioned, Blockchain Technology! Your favourite frequent flyer miles, hotel loyalty points or return-customer retailer programs could use it very, very soon! To understand Ribbit.Me and its products such as RibbitRewards, lets just make sure were clear on the underlaying technology. A blockchain is basically a public ledger of all transactions in the Bitcoin network, or rewards in Ribbit.Mes rewards system. While Bitcoin is a popular digital currency in which transactions are performed without a central bank or even a credit card, Ribbit.Mes Rewards Network is a platform that wants to revolutionize the loyalty points market by offering RibbitRewards which are, as The Wall Street Journal says: Tradable, blockchain-based loyalty tokens. One, Universal Loyalty-Point System Makes Sense for Users While this is all fine and dandy from a technological point of view, what does it actually mean. With one Blockchain-based network or market for loyalty points, a user would be able to use their points from one brand with another at a certain exchange rate Ribbits Sean Dennis said that for merchants this specific ability cultivates a closer relationship with their most sought-after, loyal customers. The other benefit of using blockchain is that unlike existing system, it works Continue reading >>

Ribbit.me Releases Ribbitrewards Blockchain

Ribbit.me Releases Ribbitrewards Blockchain

Ribbit.Me Releases RibbitRewards Blockchain When we were designing RibbitRewards we wanted it to be more than just a decentralized rewards program. We wanted it to also be a decentralized, autonomous utility of direct blockchain-to-charity value distribution. When Gregory Simon met Sean Dennis, they had no idea they would embark on such a unique project. Sean Dennis facilitated Gregory Simons Bitcoin purchase of land in Nicaragua, and later introduced Levi Barker. Bitcoin became a hot topic. Discussions over time, between the three soon to be founding partners, set the wheels in motion for what is now Ribbit.me - Creators of the worlds first rewards program based on blockchain technology, RibbitRewards. A blockchain , such as Bitcoin, is simply a ledger. It keeps a series of addresses and balances. Unlike a paper ledger individuals can exchange their balances with one another, without the participation of any central authority. Every 10 minutes, on average, a new group of transactions, or block, is incorporated into the Bitcoin ledger. A network of decentralized Miners sign the blocks, and are rewarded with Bitcoin. This creates a block chain. When miners sign a new block on the RibbitRewards Blockchain they will receive newly minted RibbitRewards (RBR). This serves to initially distribute the coins, as well as to incentivize miners to perform the Proof-of-Work (PoW) task which secures the blockchain. An additional 5% will be sent directly to charity. Regardless of what happens to us, as long as the blockchain is being mined, a percentage will always go to charity, says Dennis. It is something that people are trying to figure out as it has never happened before where you have a community in an automated and distributed way donating to charity. Ribbit.me recently partne Continue reading >>

Ribbit.me! - A Universal Loyalty Solution Built On Blockchain Technology

Ribbit.me! - A Universal Loyalty Solution Built On Blockchain Technology

Investing in private placements, tokens and early stage businesses involves a high degree of risk, including illiquidity, lack of dividends, loss of investment and dilution, and those investors who cannot afford to lose their entire investment should not invest. Purchases of Tokens/ICOs are even higher risk including, but not limited to, complete loss of capital, regulatory & tax uncertainty, cyber-security attacks, Blockchain risks and no shareholder rights. BnkToTheFuture.com is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via BnkToTheFuture.com once you are registered as sufficiently sophisticated. Investments may lose value, there are no guarantees, securities and investments are not FDIC Insured and neither Bnk To The Future nor our affiliated broker-dealer Keystone Capital Corporation offer investment, legal or tax advice. Privately offered security transactions, with U.S. residents, are conducted by Keystone Capital Corporation. By accessing this website ("Site") and any pages thereof, you agree to be bound by its Terms and Conditions and Privacy Policy. Pitches for investment are not offers to the public and investments can only be made by members of BnkToTheFuture.com on the basis of information provided in the pitches by the companies concerned. This website is operated by Bnk To The Future (Company Number CO-296093) Incorporated and registered in Cayman Islands under the Companies Law 2013. Bnk To The Future is registered with the Cayman Islands Monetary Authority (CIMA License No. 1189274). Keystone Capital Corporation, Inc., a registered US broker-dealer with FINRA and member of SIPC, operates sections of BnkToTheFuture.com where Regul Continue reading >>

Ribbit.me Raises $1.5 Million Seed Round

Ribbit.me Raises $1.5 Million Seed Round

26 February 2016|3510 views|0 Source: Ribbit.me Ribbit.me, a NY-based blockchain technology startup, announced that it closed a $1.5 million seed round, led by Hayaat Group, an investment company based in Dubai, with Privity FZ LLE acting as advisor. Ribbit.me has built the world's first universal platform for the loyalty and rewards industry using blockchain and smart contract technology. Currently, program operators such as airlines or hotels, are faced with high operational costs and outdated processes, resulting in a poor customer experience. Ribbit.me's universal platform coupled with its patent-pending technology enables program operators to reduce costs by sharing a distributed ledger, thus streamlining the customer experience while more effectively managing the rewards liability. The US loyalty and rewards market alone is $65B this year and expected to double in the next 5 years. Ribbit.me's vision is to remove the friction preventing program operators from working together in redemption networks by creating a single ecosystem, the LoyaltyNetwork. "We are the first company to introduce blockchain and smart contract technology to the loyalty and rewards industry," said Greg Simon, CEO and Co-Founder of Ribbit.me. "This funding will allow us to accelerate development by expanding our team as more behavior incentification opportunities arise beyond the traditional model." Continue reading >>

Ribbit.me, Crypto Loyalty Solutions On Blockchain

Ribbit.me, Crypto Loyalty Solutions On Blockchain

Ribbit.me, Crypto Loyalty Solutions on Blockchain Ribbit.me, Crypto Loyalty Solutions on Blockchain Customer Loyalty Programs is one of the marketing strategies to glue customers to the concerned brand. These programs incentivize peopleon their expenditure at outlets that are part of the network. The incentives are generally in the form of discounts or redeemable reward points for each unit of currency spent for the purchase of goods and services. Rewards program also act as an effective market research tool for brands. Whenever a customer uses the loyalty card while making a purchase, the customers information and purchasing pattern are made available to the issuing company or the outlet. This information over time, will help the companies decide on the effective form of marketing, offers, advertisements etc. Using the information collected from the customers, they will also be able to create custom offers for individuals based on their purchase pattern. In the end, all these translate to more sales and captured customer, who is more likely to make repeated purchases from the same outlet/chain or brand. We are living in the times of Bitcoin, an innovative digital currency that is transforming the global economy. With money being redefined by bitcoin, the mainstream financial institutions are now rushing to adopt bitcoins underlying blockchain technology with hopes of creating a faster, cheaper and more efficient banking and financial system. Customer loyalty programs are not far behind either. Ribbit.me is one such customer loyalty solutions provider who has deviated from the norm to take advantage of blockchain technology. Ribbit.me is on its way to transforming the loyalty program industry which has not seen much innovation from the past 20 years or more. Ribbit.me Continue reading >>

Interview With Ribbit.me, The First Decentralized Rewards Program Built Using Blockchain Technology With Its Own Marketplace

Interview With Ribbit.me, The First Decentralized Rewards Program Built Using Blockchain Technology With Its Own Marketplace

Interview with Ribbit.me, the first decentralized Rewards program built using Blockchain Technology with its own Marketplace Nuno Menezes October 20, 2014 5:17 pm The ability that crypto currencies have to create new environments and business innovations is remarkable! You might say that Digital Currencies are the first real 21st Century technology, because it will be the main part running to implement profound changes in the way how we see currency, markets, assets, bonds, but most of all in the way how we deal across borders Ribbit.me is a new StartUp that aims to introduce a new and totally decentralized Ebay like Marketplace, with one special feature that provide the ability of users getting some cash back simply by selling and buying through the Platform! Ribbit.me is the first decentralized cash-back Marketplace Platform. Ribbit.me is about to be launch at the end of this month, and Bitcoinist took some time to have a nice conversation with Ribbit.me CEO and Co-founder Sean Dennis: Hello Sean, and thank you for letting us borrow some of your time. From my understanding, Ribbit.me is a platform where you can buy and sell things and get some cash back by doing so; in fact I would like to hear you own explanation about it! 1 A market place just like Ebay but you can spend both digital and fiat currencies (Including RibbitRewards ) we will launch that at the start of December with 5 million + products for sale from merchants and individuals selling think of it as a mix between Craigslist and Ebay basically 2 A Rewards system called RibbitRewards (Think of this like Air Mile points when you spend on a credit card) This is built using blockchain technology, so with a transaction, both the buyer and seller qualify for the RibbitReward) 3 A Plugin where any online mercha Continue reading >>

Ribbit.me: World's First Blockchain-based Rewards Program A Tool To Mainstream Bitcoin

Ribbit.me: World's First Blockchain-based Rewards Program A Tool To Mainstream Bitcoin

Ribbit.me: World's First Blockchain-Based Rewards Program A Tool to Mainstream Bitcoin The world's first rewards program built on the blockchain technology Ribbit.me announces the beginning of its RibbitRewards airdrop campaigns, consisting of 200 million RibbitRewards given away to registrants and 200 million RibbitRewards up for pre-sale. The world's first rewards program built on the blockchain technology Ribbit.me announces the beginning of its RibbitRewards airdrop campaigns, consisting of 200 million RibbitRewards given away to registrants and 200 million RibbitRewards up for pre-sale. "Giving back to the community is very important to the Ribbit.me team," Ribbit.me CEO Sean Dennis said in an interview . "That is why 5% of all RibbitRewards created will go to charity. We also have partnered with Melotic and Global Outreach to allow charities around the world to accept donations in RibbitRewards." Aiming to enable positive social change through the adoption of the blockchain technology, RibbitRewards is a patent pending blockchain based customer reward program designed to incentivize economic activity by rewarding both buyers and sellers with a unit of value distributed from the blockchains decentralized ledger. In an email communication with Cointelegraph, co-founder Gregory Simon stated: "I left my career in investment banking to find solutions to the current financial system. Solutions that help empower individuals. Bitcoin and blockchain technology is a potential solution. We built RibbitRewards as a tool to help Bitcoin to get blockchain technology into the hands of the worlds mainstream." When a transaction occurs on a marketplace or on a merchant's website that has the Ribbit.me plugin, the data is automatically fed into the RibbitRewards blockchain. A cert Continue reading >>

Brief: Blockchain Startup Ribbit.me Secures $1.5m During Seed Funding Round Led By Hayaat Group

Brief: Blockchain Startup Ribbit.me Secures $1.5m During Seed Funding Round Led By Hayaat Group

Brief: Blockchain Startup Ribbit.me Secures $1.5M During Seed Funding Round Led By Hayaat Group Ribbit.me , a NY-based blockchain technology startup, announced on Thursday it has successfully raised $1.5 million during a seed funding round which was led by Hayaat Group, an investment company based in Dubai, with Privity FZ LLE acting as advisor. Ribbit.me has reportedly built whats considered the worlds first universal platform for the loyalty and rewards industry using blockchain and smart contract technology. Currently, program operators such as airlines or hotels, are faced with high operational costs and outdated processes, resulting in a poor customer experience. Ribbit.mes universal platform notably is coupled with its patent-pending technology enables program operators to reduce costs by sharing a distributed ledger, thus streamlining the customer experience while more effectively managing the rewards liability. Greg Simon, CEO and co-founder of Ribbit.me, added: We are the first company to introduce blockchain and smart contract technology to the loyalty and rewards industry. This funding will allow us to accelerate development by expanding our team as more behavior incentification opportunities arise beyond the traditional model. Continue reading >>

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