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Getting more people excited about cryptocurrencies requires real-world use cases. Cashback rewards denominated in Bitcoin may be the best solution in this regard.
Multiple service providers offer a cryptocurrency cashback in this modern age.
It is a great way to get people excited about Bitcoin.
When one spends money using a credit or debit card, and receives some money back, it is always a win-win situation.
When that cashback comes in the form of small amounts of Bitcoin, interesting concepts come to light.
While it may not improve retail adoption of cryptocurrency, a service on this scale can usher in the era of mainstream adoption.
Service providers to keep an eye on in this regard include Fold, Lolli, and now
Plutus.As more companies look into crypto cashbacks, the adoption rate of Bitcoin is likely to increase.
The bigger question is whether people will seek out such service providers.
Collecting air miles and other potential rewards remains very popular in the United States.
For now, the crypto cashbacks are seemingly more appealing than traditional options.
A flat 3% return on all transactions with no limitations is pretty significant.
Especially during this time of financial unrest, exploring financial alternatives is never a wrong decision.
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