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Startup to offer $360 million rewards in crypto for online shopping

Since various countries worldwide are fighting coronavirus and closing the stores, retailers are facing a boom in online sales.

Amidst the pandemic, the Australian startup BitcoinRewards released a new Google Chrome extension and is set to distribute $360 Million USD in Bitcoin (BTC) and newly added Litecoin (LTC) just for shopping online.

According to the announcement on March 31st, the company enables crypto enthusiasts around the world with the ability to earn BTC, LTC or other digital currencies when shopping with more than 1,500 online stores. Reportedly, the startup is giving free crypto coins for people who shop online using their new Google Chrome browser extension.

It is said that shoppers in the USA and abroad are earning as much as $2,000 USD a year in Bitcoin rewards by shopping online through BitcoinRewards web platform. According Kahn Hood, the CEO and founder of BitcoinRewards:

Existing BitcoinRewards members have traditionally enjoyed earning Bitcoin via the web platform, but the new Google Chrome extension removes additional steps, enabling online shopping enthusiasts to never miss an opportunity to earn Litecoin and Bitcoin again

Online shoping under the impact of COVID-19

Amidst the coronacvirus crisis, overall online sales within the United States have jumped 25%, while online grocery shopping has seen an over 100% boost in daily sales, according to Adobe Analytics research studies.

Health products, gym equipment, toilet paper and canned food are among the most popular items in people’s internet shopping carts. Categories related to virus protection products such as gloves, masks and hand sanitizers have surged over 800%, while over-the-counter drug purchases increased nealy 220%.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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