As Amazon offers deep discounts this Prime Day, a few crypto companies are also rewarding their users through special deals during the two-day eCommerce extravaganza.
“Our goal with the promo is to incentivize more people to get onboarded into the lightning ecosystem and show off our incredible new lightning payments experience,” founder Will Reeves said.
— Fold (@fold_app) July 15, 2019
The company created a solution which allows it to connect with online and in-store sales systems to enable its users to transact with major retailers – including Amazon, Whole Foods, and Southwest Airlines – in bitcoin.
Since launching a week ago, Fold’s lightning network sees transaction volumes above $1,000 per day, “which makes up a nice portion of our total daily transactions,” he said.
Fold will limit one gift card per account, which do not require KYC processing and can be deposited anonymously. At press time, the company has paid out around $100 in gift cards.
Moon, a platform for crypto payments exclusively through the Amazon marketplace, is offering a 5 percent discount on all transactions for what they’re calling “Crypto Prime Day.” CEO Ken Kruger said:
“We figured that offering a 5 percent discount on Prime Day would both reward the hodlers and also incentivize folks to learn more about crypto.