Mode Global Holdings PLC Mode reaches 300 brands with Bitcoin Cashback (8488X)
September 01 2022 - 2:02AM
UK Regulatory
TIDMMODE
RNS Number : 8488X
Mode Global Holdings PLC
01 September 2022
Mode reaches 300 brands milestone in its Bitcoin Cashback
offering
Mode Global Holdings PLC (LSE: MODE), the FCA registered crypto
assets platform, has today announced that it is now offering
Bitcoin Cashback to users from over 300 leading UK retailers,
strengthening its vision of building a popular crypto reward wallet
in the UK.
Via an affiliate partnership, which now extends to the likes of
The Range, Trip.com and many more, Mode has been offering cashback
in Bitcoin to users, who can shop with household names and be
rewarded in Bitcoin for it. This enables users to grow their crypto
assets without putting their own capital at risk. The offering has
been hugely successful since its launch in May, in which time, Mode
has seen a 129% growth in customer purchases via the Mode app
(based on a 4 week rolling sales rate).
Rita Liu, CEO, Mode Global Holdings commented on the milestone:
"We launched this programme in May, working with one hundred
retailers through affiliate networks. Since then, we have tripled
the number of retailers our users are able to purchase from -
providing more choice across shopping categories. We've worked hard
to improve user experience, and we hope that providing the chance
to earn Bitcoin for shopping with quality retailers will help
encourage more users to use our platform on a regular basis, so
they too can have the chance to buy, sell, earn, and get paid in
crypto."
Working with advertising affiliate networks, Mode Bitcoin
Cashback enables users to pay with any payment method at their
favourite online brands, and receive cashback in Bitcoin directly
into their Mode Wallets.
The retailers include stores in the fashion, travel and sports
sectors, and is an extension of Mode's existing Bitcoin proposition
that makes it easy for users to buy, earn, trade and sell Bitcoin.
Each retailer will offer a different cashback rate, some of which
Mode has been able to negotiate at a higher level due to the
attractive nature of the Bitcoin Cashback proposition.
For more information, or to speak with Mode about the
opportunity further, please get in touch with
mode@mrm-london.com
-ENDS-
Press contacts:
Fiona McAra, MRM
+44 (0)7471 350286
mode@mrm-london.com
Julie Sand, Mode Global Holdings PLC
+44 (20) 3773 0588
julie.sand@modeapp.com
Notes to Editors
About Mode :
Mode's vision is to be the most trusted crypto company, enabling
our customers to discover, own, and utilise digital assets. As an
EMI licence holder, and a FCA registered crypto asset business,
Mode is leveraging the power of crypto and Open Banking to deliver
on this mission and offer customers in the UK a one-stop app to
shop, earn and grow their crypto, all in one place. For businesses,
Mode provides a cheaper, safer and smarter alternative to card
payments that rewards shoppers with crypto.
To learn more, visit our customer/business site at
www.modeapp.com or our investor site at www.modeplc.com.
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