Menlo Park, California; Vancouver, British Columbia; and Boulder, Colorado – (Newsfile Corp. – July 12, 2021) – Intellabridge Technology Corporation (CSE: INTL) (“Intellabridge”) today announced plans to release a blockchain-based loyalty token point system for its customers and customers Company partner known.
This next generation loyalty token point system is designed to bring multiple benefits to Kash Blockchain-Neobank customers and Intellabridge partners, including free debit cards, cashback on transactions, discounted subscriptions, lower fees, higher interest rates on savings accounts, and others Awards within the partner network. The loyalty token points will initially be available to the first 100,000 Kash beta users in the coming months.
The Kash product provides customers with an easy way to transfer funds to the decentralized financial ecosystem using bank transfer services from customers’ existing banks or through global cryptocurrency exchanges. Intellabridge uses the multi-billion dollar Terra blockchain, developed by TerraForm Labs, which has multiple layers of cybersecurity mechanisms for consumer protection designed by a Stanford engineer with investments from Coinbase, Robinhood CEO Vladimir Tenev, Delphi Digital, and Galaxy Digital Holdings Inc and concierge customer service. The combination of cybersecurity, customer service and traditional bank integration functions enables a mass audience to earn a stable 10% per year in deposits through direct access to decentralized financial markets.
“Our vision for the Kash loyalty point system is to create a rewards system that is in many ways similar to the way airlines, hotels, retail and financial services reward loyal customers, but by leveraging blockchain technology, we can Making rewards exchangeable between members of the Intellabridge partner network and benefiting end customers in a very strong way, “said John Eagleton, CEO of Intellabridge.” Each year 6.7 trillion points are given to 3.3 billion members, equivalent to $ 51 billion , but these loyalty rewards systems need to be updated, with unredeemed points representing more than $ 15 billion in balance sheet liabilities for US corporations. We intend to help customer loyalty programs reach their full potential by tracking reward points on the blockchain and providing transparency create across the ecosystem.Blockchain offers a directory of transactions shared across a network of participants, and we plan to facilitate the exchange and use of loyalty points between individuals and businesses without requiring pre-established corporate alliances. We pride ourselves on being a pioneer in helping make loyalty points on the blockchain a global standard in the future. “
The story goes on
Intellabridge will publish a whitepaper detailing both the final mechanics of the blockchain-enabled Intellabridge Kash Point Token System and a product roadmap that extends the system’s long-term vision to corporate partners. The aim is to publish the whitepaper together with the blockchain-based points system in the third quarter of 2021.
ON BEHALF OF THE BOARD OF DIRECTORS
INTELLABRIDGE TECHNOLOGY CORPORATION
Maria Eagleton, COO
How to contact Intellabridge:
Phone: + 1-303-800-5333
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This press release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities laws (collectively, “forward-looking statements”). The use of the word “will” and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated in such forward-looking statements. One should not place undue reliance on such forward-looking statements. Actual results could differ from the information provided here due to numerous known and unknown risks and uncertainties and other factors. The company believes the expectations expressed in these forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The company undertakes no obligation to update these forward-looking statements unless required by law.
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