The proliferation of cryptocurrencies in the more mainstream business infrastructure is often misunderstood by the public yet is also larger than most perceive. According to a report by Allied Market Research, in a filing published by the U.S. Patent and Trademark Office, the retailing giant Walmart applied for a patent to use a digital coin tied to a traditional fiat currency, which could allow for cheaper and faster transactions as well as loyalty features. In 2018, Intel won a patent for "Bitcoin Mining Hardware Accelerator with Optimized Message Digest and Message Scheduler Datapath". In the filing, Intel outlined a method by which it could augment the existing bitcoin mining process, consuming less electricity, thereby, spending less money in the process.
Bitcoin gift-cards make it easy for our clients to award their customers with a cryptocurrency. By using a familiar and traditional gift-card system, anyone of any age can easily receive Bitcoins as a gift, a promotion incentive as well as exchange points in a loyalty program for Bitcoins. With a Bitcoin gift-card, you can receive Bitcoins just like you would traditional gift-cards and in addition, securely deposit them into your crypto wallet or set up a new wallet for those who are not familiar with how crypto currencies work. The SnippRewards platform today already supports cash-back offers through a variety of different mechanisms. These have been developed through Snipp's integration with various leading fin-tech companies. Our infrastructure and technical partnerships enable clients globally to offer cash back incentives in over 45 currencies. Cash-back offers are supported today on the SnippRewards platform via traditional bank Wire Transfers, Online transfers across multiple leading industry payment systems, Digital and Physical checks, Retailer Gift-Cards and more. Our rewards portfolio spans over 1300 brands and is growing as we complete integrations with various partners. By adding a layer of crypto currency enabled incentives, Snipp will further enable not only our existing clients but also attract a new genre of clients to the Snipp platform that are looking to create fun, exciting and relevant incentives in the future.
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