Nfts
Bloom allows you to earn crypto, NFT with your card. here’s how
Before we explain how the Bloom coin works, you should know that one of the beauties of Web3 is how it rewards enthusiasts for activities that people outside the ecosystem would consider mundane.
Over the years, we’ve seen Web3 projects reward users for walking, jogging, and performing fitness activities. In fact, there is an ongoing “tapping” pandemic, due to the success of Notcoin and the promise of other projects aimed at replicating Notcoin’s success.
Read our review here: TapSwap: Here’s everything you need to know about the wild game of tap-to-earn
There are reward programs for walking/jogging, and using Web3 browsers has its benefits. Some Notcoin holders have reportedly exploited their way to riches.
But what if I told you that you can earn cryptocurrency and NFT by simply linking your payment cards to the Bloom app? Unfamiliar?
In this article, we share everything you need to know about Bloom and how you can benefit from the project.
What is Bloom?
Founded by Justin Chan and Eddie Rong in 2020, it is a shopping rewards app that allows users to earn Bloom Coins, NFTs, and other cryptocurrencies by linking Visa cards to application. The project wants to integrate Visa’s Web2 users into the Web3 world through rewards and payments.
Customers who register and link a valid Visa card can start earning Bloom Coins (loyalty points) on every transaction made with the Visa card. These coins can be exchanged for over ten different cryptocurrencies, including Bitcoin and Ethereum, as well as non-fungible tokens (NFTs) and digital merchant coupons.
Bloom Coins and How to Earn Them
Bloom Coins is the in-app reward (points) system that can be used to redeem coupons and items in the Bloom store. Additionally, the app has a conversion tool that allows users to convert coins earned from Visa card spending to popular cryptocurrencies such as Bitcoin, Ether, Sol, Ada, Matic, Doge and others.
To get started, download the app to your mobile device from the App store Or Google game or install it APK file directly. After that, an account can be registered with a verified phone number and email address in the app.
The following is the link between your Visa credit or debit card. After purchasing and earning Bloom Coins, the tokens are sent to users’ account where they can use them to get freebies, coupons, cryptos, NFTs and many exclusive discounts.
The project states that it takes approximately 5-10 days for earned Bloom Coins to be processed and reflected in your account. All activities on the map will earn coin rewards at a base reward rate of 2%. Users can earn rewards at a higher rate if they shop with Bloom Travel and banking partners.
Read also: Notcoin loses 85% of its value in first week as investors sell airdropped tokens
It is important to note that the project offers several rewards to new users when they join and use the application. Additionally, all users can earn more by inviting friends to download the app and register. For each friend who joins, users will each receive 2,000 Bloom Coins.
Further information
Bloom allows non-Web3 enthusiasts to access the space as seamlessly as possible. This was done through a strategic partnership with Visa.
This partnership with Visa allows all discounts to be rewarded automatically without requiring the user to open the app before making a purchase payment. Users need to swipe the card as usual and the rewards will increase.
As the world now adapts to the integration of Web3 and DeFi features, Bloom allows users to have access to cryptocurrencies and NFTs without any type of deposit or unnecessary exposure to volatility and risks.
If you ask me, there is no harm in trying this. To start here.