Let us discuss two distinct scenarios that have almost no direct relationship with one another.
The pandemic has increased the relevancy and necessity of e-commerce. People do not any longer wish to expose themselves to the hazards of an infectious virus by stepping out of their homes, and surely not when they can afford to buy almost everything that they want in the comfort and confines of their homes.
The fact that there has been a staggering 31% jump in the revenue of Amazon compared to the same period the previous year in 2020 is a resounding testimony to the promising growth that e-commerce holds in the near future. At the same time, e-commerce is also getting increasingly competitive. It has become a hassle to retain customers, and the magnitude of difficulty only increases when there is another e-commerce business that can offer the same product or service at a lower price. This challenge has, although, been effectively solved by introducing cashbacks.
A cashback does not provide a direct discount for the product being purchased but ensures that the next product that is purchased on the same platform does get a lower price. This passively ensures that a user keeps coming back to the same e-commerce store avoiding their dispersions to other e-commerce sites/apps.
While the requirement of comfort and safety has been the fuel behind the growth of e-commerce, people have always been worried about the way in which the economy felt a tremor during the pandemic. The current financial system is not completely immune to such economic collapse. There is a need for a new form of finance. Cryptocurrency and blockchain seem to hold the answer for this trillion-dollar issue. With decentralized finance coming in, cryptocurrency is expected to gain more prominence.
Whether or not decentralized finance becomes mainstream, there has been a growing acceptance of cryptocurrency across many jurisdictions. Some countries like Estonia and Malta have gone ahead and regulated cryptocurrency, so it does not fall into any legal discrepancies. The Securities and Exchange Commission (SEC) has been constantly endeavoring to regulate anything related to crypto and blockchain. Even countries like India have opened up their economy by legalizing cryptocurrency exchanges as a valid financial business. It is true that there are a few countries like China and Korea that are still to catch up but it is just a matter of time before the entire world embraces crypto.
We are looking at two parallel avenues of steady growth. On one side, e-commerce does not seem to show any signs of deterioration. Parallel to this, cryptocurrency has also been growing in its acceptance. The cryptocurrency exchange business has become a viable source of income for a lot of traders where the volatility of the currency comes to the forefront in making the exchange/trading profitable.
Start your own crypto cashback mobile app clone Script
We have already established the relevance and effectiveness of both cryptocurrency and cashback offers. Considering all the other factors that have been listed above, offering a cryptocurrency cashback is a great way for a business to enhance its prospects of profitability.
Bringing cryptocurrency cashback rewards through suitable mobile apps and platforms brings a lot of benefits to both the consumer and the business owner. Needless to say, the mobile app is the best way to go about starting your crypto cashback business. The increasing Internet penetration and the growing popularity of smartphones even with the older generation that is focused on investments and returns are reasons good enough for you to start your own crypto cashback mobile app clone script.
Benefits for the business owner
For the business owner, it opens up their opportunities to explore a fast-growing lucrative space of cryptocurrency. When you stake cryptocurrency in a wallet, it will make a user get more crypto coins.
There are a lot of common people who are well-aware of what the crypto world would mean to them and the kind of profit it would bring but are unsure where to start. If there can be a passive benefit of them entering the crypto world because they have chosen to purchase your products, you have a considerable chance of grabbing their attention. In fact, it can present itself as a unique selling point. It also increases the brand reputation. If a brand/business keeps shoulder to shoulder with the latest technology in finance, people will be well aware that they are interacting with a great brand.
A lot of big brands like Facebook have been trying to enter the crypto world. When you introduce a crypto cashback scheme, your business gets placed among the privileged few businesses that are directly involved in the crypto market.
To enhance the reach of your business, you can even introduce a multi-level marketing service by using a crypto cashback MLM plan. This not only enhances your customer-base but also encourages your existing customers to grow your network, so at some point in time, you have a humongous base of customers who will continuously purchase from you.
When you become the pioneer in this space, you can even connect with a lot of online merchant stores where your customers can use their cashback rewards to purchase from your partner websites/e-commerce stores. This not only helps in diversifying your customer expectations but also helps your partners get the added advantage of increased customers.
The game will drastically change the day cryptocurrency is accepted as a legal method of a transaction the world over. All the cashbacks that have been provided can even be used for paying taxes and for everyday expenses like fuel and electricity.
The advantages for the customer
For the customer, it opens up a new avenue of possibilities. They can now enter into the world of bitcoins and other cryptocurrencies. Instead of depending on high computing power for mining cryptocurrency and counting on uncertainties with the crypto exchange, customers can get safe and easy access to crypto coins.
Earning your own crypto is now as easy as shopping on a place like Amazon. You can earn your crypto coins by swiping your debit or credit card. It does not require any massive investment or infrastructure. The benefits that a customer can enjoy is only limited by water business care offer, and with the ongoing endeavor of businesses to delight their customers in every possible way, though opportunities for a customer with crypto cashback offers are theoretically infinite.
Essential features of a cashback clone script development
A cryptocurrency cashback mobile app is, in essence, a cashback scheme as it needs to have in place, all the features that a consumer would expect.
- The app must be easy to navigate and intuitive in its nature. People with zero technical expertise should also be able to navigate through the app to find important details like balance and validity.
- The content of your crypto cashback mobile app plays an important role in capturing users’ attention. The visuals, the description, and the details are of vital importance in maintaining relevance and traffic/appeal.
- Your crypto cashback mobile app should seamlessly integrate with social media platforms. Since we are talking about the possibility of integrating an MLM with the crypto cashback scheme, having social media helps increase the reach and enhance the possibilities of referrals dripping into your business.
- As you may have known, the scope of blockchain and all its manifestations are global in their reach. Therefore, the mobile app should have right to left (RTL) language support to present your app in languages like Arabic that need to be read in a direction opposite to that of English or French.
- It would be wrong to say that cryptocurrency is growing… They are literally exploding! Your cashback mobile app should support multiple crypto coins, so your customers can benefit from the right choice that you offer.
- In addition to the mobile app, your cashback facility should also be available as a browser extension. This gives people an added advantage to access when shopping on their browser. This can come in handy when people intend to buy products that need extensive research.
- The customers should be able to claim missed cashback. Although this might introduce a sense of lethargy among customers to shop at leisure, it will still ensure that your customers do not slip away from your platform or your network of e-commerce businesses.
- Once your brand becomes prominent, there might be a lot of businesses that intended to use the same cashback mechanism as yours. Therefore, the entire cashback ecosystem should be available as an API for other customers to use.
The relevancy and necessity of both cryptocurrency and cashback need no introduction and they have been established beyond question. Right now, it is just a question of unifying both of these lucrative streams through the mobile app. It is true that it might take quite some time before it gains some foothold. That is not, however, mean that and aspiring entrepreneur cannot start their own crypto cashback business.
If you are one of those, all that is left for you to do is get in touch with a company that specializes in the Cryptocurrency cashback clone script development and customization of crypto cashback mobile apps. Make sure that you exercise your diligence before choosing the company because building a crypto cashback mobile app requires an extensive understanding of the crypto landscape, the legal implications, the best practices of a mobile app, security, and marketing and business.
Once you have made the first move, it is just a matter of time before you launch your own mobile app and reap your share of profit and success.