As a report has it, CryptoSpend, the company behind Australia’s first Visa-backed crypto payments card, has also launched Australia’s first XRP rewards card program.
According to the report, through the program, CryptoSpend Card users will be rewarded with up to 3% back in XRP within the same day of purchase.
Reacting to the new development, Andrew Grech, the CEO of CryptoSpend, stated that the XRP rewards program was introduced to add value to the company’s user base. He’s also delighted for being the first in the Australian market to launch an XRP rewards card program for crypto and fiat spenders.
Andrew Grech said:
“This XRP rewards card program is all about bringing additional value to our customers and CryptoSpend cardholders. By rewarding CryptoSpend Card users up to 3% back in XRP through the CryptoSpend app on the same day they spend, it provides another fantastic value add for our customers.”
Growing Crypto Adoption in Australia
Grech also revealed that there is growing adoption of cryptocurrency in Australia. He said more Australians are using crypto for everyday items such as groceries, online shopping, and others.
“We have seen the popularity of Australians using crypto for their everyday spending increase massively. Not only have we seen a huge increase in people using the card for spending crypto, but we have also seen our repeat users increase daily,” Grech stated
CryptoSpend CEO said this implies that people are not only using crypto to pay for items in Australia, but they are also coming back for it on a daily basis. He thereby described the asset class as a new way for people who want to spend on consumer goods.
Why XRP Rewards Card Program is Unique?
According to the report, the XRP rewards card program is unique because users can top up and spend AUD off the CryptoSpend Card and still earn up to 3% back in XRP Rewards transactional sales.
Grech further described the partnership and rewards offering as great news for the company’s customers, including the aged ones:
“We have customers at 80-years of age who use their CryptoSpend Card to buy cakes and at the other end of the scale we have tech-savvy crypto traders who use our app regularly to buy and spend their preferred popular crypto. It’s no one size fits all. This partnership and rewards offering is great news for all of them.”
It should be noted that CryptoSpend had a strong start to the year despite the overall collapse of crypto prices in the market. The transactional card has been a breakthrough for the company and the people of Australia.