Walmart Adds Crypto Cashback Through Shopping Loyalty Platform StormX

Published at: Aug. 14, 2020

Gamified shopping loyalty platform StormX will now let its users earn cashback in cryptocurrencies when shopping at Walmart.

According to an announcement shared with Cointelegraph on August 14, StormX users can now earn up to 4% cashback in crypto for purchases made at Walmart. Users who achieve a “Diamond” rank can earn up to 14%. StormX CEO Simon Yu said that he believes this Walmart partnership will bring new users to the service:

“As the only crypto cashback program for Walmart worldwide, we are confident that users will take advantage of the rewards program to earn their favorite cryptocurrency while shopping at their favorite retailer.”

Per the announcement, Walmart is the latest addition to StormX’s pool of more than 650 partners, which already includes outlets like Microsoft, eBay, Nike, Adidas, Target, Dell and Samsung. StormX says it has already distributed more than $2 million to its users.

In June, Walmart’s Chinese subsidiary partnered with VeChain, a blockchain-based supply chain management platform, to create a system that traces food products. At the beginning of March, Walmart also joined the Hyperledger blockchain initiative.

Tags
Related Posts
Q&A: Conquering the kingdom of crypto e-commerce
Shopping using cryptocurrencies is a hot-button topic right now — but how do you find the keys to the kingdom of crypto e-commerce? Here, Cointelegraph talks to Shopping.io CEO Arbel Arif about his vision for the future, the milestones that have been achieved since the platform launched six months ago, and the high-profile partnerships that have been instrumental for the site’s success. 1. Hello! Can you describe Shopping.io in a nutshell? Shopping.io is the bridge between crypto and retail. We are the leading provider of mainstream e-commerce solutions in crypto. We are the only company that offers you the ability …
Blockchain / May 18, 2021
Fake news: Litecoin price surges 35% following Walmart adoption hoax
The price of Litecoin (LTC) rose to more than $237 earlier on Monday following erroneous reports from major news outlets that United States retailer Walmart would be introducing a payment option for the cryptocurrency on all of its e-commerce websites. CNBC, Reuters, Decrypt and others reported on Monday that Walmart planned to have a “Pay with Litecoin Option” for its retail websites starting on Oct. 1 as part of a partnership with the Litecoin Foundation, the organization financing and promoting adoption of the Litecoin ecosystem. The reports seemed to spawn from a single press release through distribution service GlobeNewsWire. The …
Business / Sept. 13, 2021
Australia's crypto ecosystem 2020: The spark for a DeFi explosion
For a country of 25 million people, Australia punches well above its weight both economically and in the world of blockchain. Australians have long been enthusiastic adopters of new technology, from cellphones to smart homes, so it’s little surprise they’ve embraced crypto too. Chainalysis ranks Australia 20th out of 154 countries surveyed this year for its "The 2020 Geography of Cryptocurrency Report," citing favorable regulation that legitimizes the technology as driving "steady growth in adoption." Australian crypto educator Alex Saunders, founder of Nuggets News, said the Australian crypto community encompasses everyone from hardcore Bitcoin (BTC) maximalists to well-known Ethereans and …
Adoption / Dec. 20, 2020
Payment Processor Wirex Partners With Stellar, Plans to Launch 26 Stablecoins
United Kingdom-based cryptocurrency payment processor Wirex partnered with Stellar (XLM), the company announced in a press release on their website on April 24. Wirex is a company licensed by the U.K. Financial Conduct Authority (FCA) that allows crypto users to spend their cryptocurrencies with a dedicated Visa card, with a new total of nine digital token offerings. Per the announcement, users will now be able to also deposit and spend their XLM tokens through the service. Wirex has also announced plans to launch 26 stablecoins pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD. Wirex points out that …
Blockchain / April 25, 2019
Former Twitch Senior Vice President of Marketing Joins Crypto Startup Kin as CMO
Former Twitch exec Matthew DiPietro has joined crypto startup Kin Ecosystem Foundation as chief marketing officer (CMO), PR Newswire reports September 18. After serving eight years as senior vice president at the popular live streaming platform Twitch, DiPietro will now be responsible for developing marketing and brand strategies for Kin, the cryptocurrency launched by Kik Interactive, as specified on the expert’s LinkedIn profile. According to PR Newswire, DiPietro drove brand development for Twitch, as well as led all marketing projects, including the launch of community convention TwitchCon that is devoted to Twitch and the culture of video game streaming. Having …
Blockchain / Sept. 19, 2018