Peer-to-peer cryptocurrency and blockchain platform NEM said that its partner LoyalCoin had joined with Grab Philippines to allow passengers of the ride-hailing company to use LoyalCoin to pay for rides using Grab.
NEM announced the partnership in a Twitter post on 06 July saying:“We’re delighted to announce the new partner of @LoyalCoin — @grabph #Loyalcoin #Grab $LYL”
The post quickly met with a positive reaction from crypto enthusiast De_Vi_L_uCa_s who commented:“Wow, this is big. I believe this can bring NEM to a whole another level.”
In an interview with Cryptovest, Paolo Bediones COO of Appsolutely, the creator of LoyalCoin, said the agreement between Grab Philippines and LoyalCoin would benefit the riding public while educating them about blockchain and cryptocurrency.
Bediones said:“Very soon different Grab Vouchers will be made available on the LoyalWallet. So using your LoyalCoin you can now input said voucher on the Grab App and book your ride.”
He added:“For now its just the vouchers that can be purchased on our LoyalWallet app, this will be ready by August.” Earn points while flying
In May, Appsolutely also partnered with Cebu Pacific, which integrates LoyalCoin with the carrier’s GetGo lifestyle rewards program. Under the deal, GetGo card users can convert their LoyalCoin to GetGo points using the LoyalWallet app at a rate of 1.20 LYL = 1 GetGo point."The partnership is a natural response to our mutual commitment to help consumers maximize the rewards they earn from their purchases," said Appsolutely CEO Patrick Palacios. “Building a strong loyalty economy means making redemption and transactions ...