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- Not realizing expiry dates of rewards.
Rewards that are hard to liquidate ( can only be used in limited places, sometimes only one establishment) - Forgetting they entered a program
- Not shopping at an establishment frequent enough to gain the value of the rewards.
- Too many programs to choose from.
- A wallet/purse full of point cards that gets confusing.
- Internet points spread all over the web ( more confusion)
Fed up with the effort to actually gain value ( This one is personal but I'm sure many can relate) - It is estimated that 100 Billion dollars worth of points were left un-redeemed by customers in 2017 according to Fruend (2017)
The platform also allows consumers to check all their reward points ( well the ones from forward thinking brands) in one place on an easy to use wallet app. This app will also show information about loyalty programs going on or those to come. It will also have a menu for consumers to keep track of the value of all their rewards as well as the expiration dates of any offers going on.
The qiibee app also being on the blockchain gives consumers more protection of their personal information as it will be encrypted on a blockchain and not on a brands vulnerable computer. They may not even have to give brands their personal information which will be a sign of digital relief for many.
These features will incentivize the users to take control of their rewards and because it’s an app with tokens that fluctuate in value, they will be motivated to check their rewards instead of forgetting about them. It will also lead to more saving and planning of spending as they now have a bird’s eye view and leverage to pivot to the most valuable options that fits their need at any given time.
qiibee is on a path to revolutionize how consumers interact with loyalty programs and will change the sector completely by bringing real value and much needed convinience to the space .
Submitted.