Latest News
Koin Rewards and TrueLayer Work Together to use Open Banking for Ethical Loyalty Rewards
Koin Rewards, the ethical rewards platform built on blockchain, has integrated with leading financial API provider TrueLayer to provide customers with instant rewards via Open Banking.
Koin Rewards is building a community of merchants and members, based upon shared values, that promote responsible and sustainable behaviours, rewarding these behaviours with a digital currency. By using Open Banking, members will receive their rewards as soon as an eligible transaction is processed, as well as being able to build a picture of their personal carbon footprint.
Once a Koin Rewards member registers their bank account to their Koin Rewards account, they will earn rewards automatically, every time they shop at a participating merchant. Members will then be able to use their rewards in a number of ways, including making donations to projects that support the UN’s 17 sustainable development goals and investing in their own impact investing portfolio.
Koin Rewards, who have announced that they will be crowdfunding on Seedrs (https://koinrewards.seedrs.com) to raise the funds to roll out these features, are also working with TrueLayer to design a solution that makes use of TrueLayer’s Payments API to provide their members and merchants with a better payment experience.
Curt Hopkins, CEO of Koin Rewards, said: “The democratisation of financial data, provided by Open Banking, has wonderful potential for the loyalty industry, which is why our relationship with TrueLayer is so exciting. With TrueLayer, Koin Rewards have an alliance of shared ambitions to use financial data for the greater good, which marries nicely with the way we match consumers and merchants based upon their common values, encouraging responsible and sustainable production and consumption.”
Francesco Simoneschi, CEO of TrueLayer, said: “We’re always keen to work with companies that have an ethical offering or philosophy, which is why we’re delighted that Koin Rewards has chosen TrueLayer. This is exactly the type of use case envisioned by Open Banking – helping an innovative company quickly develop its financial product so that more people can use it.”
SOURCE Koin Rewards
Blockchain
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
Global Supply Chain Finance Market
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Peer-to-Peer Lending Market Surges to US$ 1709.6 Billion by 2034, Driven by Growing Demand and Reduced Operating Costs | Future Market Insights, Inc.
-
Blockchain5 days ago
Open-Source Intelligence (OSINT) Market is expected to reach a revenue of USD 64.9 Bn by 2033, at 25.6% CAGR: Dimension Market Research
-
Blockchain4 days ago
Blockchain Transforming Travel: Quantum Temple’s Innovative Venture
-
Blockchain4 days ago
Bybit and World Leaders Forge Major Alliance to Direct Web3 for Social Good
-
Blockchain Press Releases3 days ago
Bybit and Franck Muller Partner with Sidus Heroes to Launch Cosmic Gears: A Pioneering Web3 Game with a $250,000 Prize Pool and Exclusive Watch Collection
-
Blockchain2 days ago
Quantum eMotion Files a Patent for Quantum-based Blockchain Wallet Under the Patent Cooperation Treaty (PCT)
-
Blockchain2 days ago
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
-
Blockchain Press Releases2 days ago
Canaan Shines at Blockchain Life 2024 in Dubai
-
Blockchain Press Releases2 days ago
Bybit Institutional Report 2024: Institutions Become Bullish and Eye Challenger Chains, while VC Funding Resurges for Infrastructure, Gaming, and AI