Mode Global Holdings PLC Product Launch (9849J)
May 03 2022 - 2:01AM
UK Regulatory
TIDMMODE
RNS Number : 9849J
Mode Global Holdings PLC
03 May 2022
LSE-listed Mode announces launch of new Bitcoin Cashback
product
- Product allows consumers to receive Bitcoin Cashback as they shop
- Access via affiliate network of 100+ brands in fashion, travel and sports
- Launch follows successful roll out of Bitcoin Payroll and Instant Bitcoin Cashback products
Mode Global Holdings PLC (LSE: MODE), the LSE-listed Fintech
Group, has today announced the launch of its Bitcoin Cashback
affiliate programme, which will allow Mode users to receive Bitcoin
Cashback when they shop online at over 100 brands.
Following the launch of Instant Bitcoin Cashback, which allows
users to earn Bitcoin when they pay with Mode, Mode has announced a
new Bitcoin Cashback programme that allows users to earn Bitcoin
Cashback from a wider range of brands. Powered by advertising
affiliate technology and launched independently by Mode, the
Bitcoin Cashback product enables users to checkout with any payment
method and receive cashback in Bitcoin directly into their Mode
Wallets.
New retailers available via the network include fashion, travel
and sports stores, and are an extension of Mode's existing Bitcoin
proposition that makes it easy for users to buy, sell and earn the
world's leading cryptocurrency. In addition, Mode has also been
able to negotiate higher promotional cashback rates with certain
brands, meaning consumers can get a better deal when they shop with
the Mode app.
The launch is the latest addition to Mode's crypto reward
proposition, which allows consumers to earn as well as buy Bitcoin,
an integral step in Mode's mission towards driving mass adoption of
Bitcoin. Combined with Mode's Bitcoin Payroll solution, where
employees of participating firms can choose to receive part of
their salary in Bitcoin, Mode continues to bring products to market
that cater to both crypto natives and first-time users.
As one of the first Crypto FCA registered businesses and also
holding an EMI licence , Mode users are able to buy, earn, sell and
trade Bitcoin with confidence, enhancing the proposition to both
consumers and future partners.
The announcement follows previous partnerships for Mode's
separate Bitcoin Payroll product with ecommerce firm Heroes and
employment platform Lano in February and April, respectively.
Commenting on the launch, Rita Liu, CEO of Mode, said:
"The launch of the Bitcoin Cashback product adds another string
to Mode's Bitcoin bow, bringing an innovative product to consumers
who want to earn crypto as they shop. We have seen from our own
research that people are increasingly interested in new ways to
access crypto, and the Bitcoin Cashback product is the perfect way
to do that, while also offering financial incentives to brands who
are looking to attract fresh customers, especially among GenZ and
Millennials.
"Alongside our Bitcoin Payroll and Instant Bitcoin Cashback
products, we now have an attractive suite of crypto products as we
look to build on our unique position as an LSE-listed and
FCA-registered crypto fintech firm. We look forward to adding more
brands in the coming months to make Bitcoin Cashback even more
accessible to our customers."
ENDS
Press contact:
Milo Larkin, MRM
020 3326 9926 / 07471 351 584
mode@mrm-london.com
Julie Sand, Mode Global Holdings PLC
+44 (0)7582 830 676
julie.sand@modeapp.com
Notes to Editors
N.B. Mode does not have direct partnership with participating
retail brands, the Bitcoin Cashback programme is powered by
long-standing advertising affiliate technology, and launched
independently by Mode.
About Mode:
Mode is an LSE-listed fintech company on a mission to build the
world's most disruptive ecosystem where exchanging value and
growing wealth is seamless for all. Mode is leveraging the power of
Bitcoin and Open Banking to deliver on this mission and offer
customers in the UK a one-stop app to shop, earn and grow their
Bitcoin, all in one place. For businesses, Mode provides a cheaper,
safer and smarter alternative to card payments that rewards
shoppers with Bitcoin Cashback.
To learn more, visit our customer/business site at
www.modeapp.com or our investor site at www.modeplc.com.
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END
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