Hot on the heels of LK Bennett’s plan to offer customers loyalty rewards in Bitcoin, Boots, Ocado and Homebase have revealed they are set to run a similar scheme.
The retailers have teamed up with fintech company Mode, which will allow customers to make contactless payments using Mode’s QR scanning tech at the checkout and rack up Bitcoin cashback as they go.
According to a report in City AM, the scheme will go live in 2022 and will mirror the scheme announced last week with LK Bennett.
Speaking to City AM, Mode’s chief executive Ryan Moore says: “This marks a major step in making the asset class more accessible to consumers of all demographics, ultimately bringing Bitcoin into the hands of millions of customers across the UK.”
He adds: “What we’re really trying to do is provide a lower risk entry point to crypto by giving customers the opportunity to passively earn Bitcoin without taking on the individual risk of investing.”
