Victor Ugochukwu · Dec 14, 2020 . 5min read
Retail Giant Walmart Integrates StormX, 265M Weekly Customers to Earn Crypto Cashback
Walmart's customers will now earn up to 4% cashback using StormX .
By Victor Ugochukwu · Aug 16, 2020 . 5min read
Retail giant, Walmart has become the latest mainstream firm to integrate StormX, a blockchain-based reward platform allowing its 265M weekly customers to earn crypto cash back upon purchase.
In a recent post highlighting details of the partnership, its customers will now earn up to 4% cashback. It dubs this loyalty scheme “Cryptoback”.
With the Walmart – StormX integration, it becomes the latest big brand to adopt StormX offerings. The Seattle based blockchain firm earlier onboarded others like Microsoft, Nike, Adidas, eBay, Target, Dell, and Samsung.
As America’s largest retail chain business, Walmart employs 2.2 million associates around the world with more than 11,500 outlets. With its tentacles spread across 27 countries and still growing, its revenue saw a jump to $524 billion in 2020 even during COVID shutdowns.
With Walmart aligning with StormX on Crypto cashback, the latter becomes the only crypto firm onboarded by the multinational. Simon Yu, the CEO of StormX, who continues to push for the firm’s integration with big brands, said:
“Walmart is synonymous with choice and value, and we are thrilled to further incentivize users to shop there. As the only crypto cashback program for Walmart worldwide, we are confident that users will take advantage of the rewards program to earn their favourite cryptocurrency while shopping at their favourite retailer.”Simon Yu, CEO, StormX
Loyalty schemes like Walmart – StormX, crypto cashback are good ways to drive adoption further.
Evidently, every opportunity to make cryptocurrencies like Bitcoin and others, the centre of attraction in mainstream firms is a plus. Loyalty schemes represent an excellent business tool to grab attention, especially for those who may not really know about the product. It is equally vital for cryptocurrencies whose ultimate goal is adoption; cashback programs help to spread the message further.
This is why crypto enthusiasts and evangelists with solutions like StormX is a massive leap for crypto mainstream adoption.
StormX is a non-custodial wallet, currently with more than 500 retail partners. To date, StormX has reached 2.5 million downloads, with that figure likely to rise as news about the Walmart integration spreads.
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