Crypto

Bloom Partners with Okcoin to Offer Cryptocurrency Experience to Members

Local tech startup Bloom has partnered with global cryptocurrency exchanges Okcoin. to provide Bloom members with a crypto and gamified retail experience. Okcoin will offer free account opening services to Bloom members, allowing them to easily withdraw the cryptocurrency they earn. After withdrawing their cryptocurrency from Bloom to their Okcoin account, members have the opportunity to continue increasing their funds with the Okcoin Earn product, which allows cryptocurrency holders to earn high returns on many different assets.

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The move aims to help Bloom become Hong Kong’s spending app that supports cryptocurrency rebates for any Visa card transactions in the city, marking a major breakthrough in a spending space dominated by rebates, cash and reward points. in a press release. The app allows Bloom members to receive cryptocurrency spending rebates, where they can log into the Bloom app and convert their Bloom coins earned from any Visa-linked spending into cryptocurrencies based on the latest prices.

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The Bloom App currently supports over ten popular cryptocurrencies including Bitcoin, Ethereum and Dogecoin and integrates real-time data through an Application Programming Interface (API) to help members stay at the forefront of the trend in the cryptocurrency space. In addition, the app allows Bloom members to withdraw cryptocurrencies to designated crypto wallets or convert them to Bloom coins for in-app redemption of non-fungible tokens (NFTs), e-vouchers and coupons. and members can choose their favorite. way to keep rewards for free.

Bloom founding member Eddie Rong said: “We are excited to partner with Okcoin to create more value for Bloom members. With the growing awareness of cryptocurrencies in Hong Kong, although the crypto market has been volatile lately, we aim to create a beginner platform in addition to the spending experience, allowing members to save cryptocurrencies and make purchases at the same time.

Justin Chan, co-founder of Bloom, added: “We believe this has helped democratize cryptocurrencies and set the stage for them to play a larger role in the financial system. As the fifth wave of the pandemic impacted the local retail sector, we will respond to the economic recovery with this revolutionary Bloom app in collaboration with payments, retail and restaurant partners.

Hairy Azmi, Managing Director of Okcoin (Asia), said: “We are proud to partner with Bloom to make crypto a meaningful part of people’s daily lives. For cryptocurrency to become popular around the world, we need a payment technology that ordinary people will want to use. The combination of Bloom’s rewards program and an easy-to-use spending product provides new and existing crypto users with the perfect way to interact with digital assets on a daily basis, and we’re excited to help make that possible.

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