Before we explain how the Bloom coin works, you need to know that one of the beauties of Web3 is how it rewards enthusiasts for activities that people who are not in the ecosystem would consider mundane.
Over the years, we have seen Web3 projects that rewarded users for walking, jogging and performing fitness activities. In fact, there is an ongoing ‘tapping’ pandemic, owing to the success of Notcoin and the promise of other projects that intend to replicate Notcoin’s success.
Read our review here: TapSwap: Here is all you need to know about the frenzied tap-to-earn game
There are reward programmes for walking/jogging, and using Web3 browsers has its benefits, Some Notcoin holders have reportedly tapped their way into wealth.
But, what if I tell you that you can earn cryptocurrency and NFT by simply linking your payment cards to the Bloom app? Not familiar?
In this article, we share all that you need to know about Bloom and how you can earn 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 cryptocurrency by linking Visa cards to the App. The project wants to onboard Web2 users of Visa into the world of Web3 through rewards and payments.
Customers who register and link a valid Visa card can begin earning Bloom Coins (loyalty points) on every transaction made with the Visa card. These Coins can be redeemed 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 system (points) that can be used to redeem coupons and items in the Bloom store. Also, the app has a conversion tool that allows users to convert Coins earned from Visa card spending into popular cryptocurrencies such as Bitcoin, Ether, Sol, Ada, Matic, Doge and others.
To get started, download the app to your mobile device from either the App Store or Google Play or install the APK file directly. After that, an account can be registered with a verified phone number and email address within the app.
What follows is the linking of your Visa credit or debit card. After shopping and earning Bloom Coins, the tokens are sent to the users’ account where they can use them to get gifts, coupons, cryptos, NFTs and many exclusive discounts.
The project says it takes approximately 5-10 days for Bloom Coins earned to be processed and reflected in your account. All activity on the card will earn Coin rewards at a 2% basic reward rate. Users can earn rewards at a higher rate if they shop with Bloom Travel and bank partners.
Read also: Notcoin loses 85% value in first week as investors sell airdropped tokens
Importantly, the project offers several rewards for new users when they join and use the app. Also, all users can earn more by inviting friends to download the app and register. For each friend that joins, users will receive 2,000 Bloom Coins each.
Additional information
Bloom allows non-web3 enthusiasts to get into the space as seamlessly as possible. It has done this through a strategic partnership with Visa.
This partnership with Visa enables all rebates 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 grow.
Since the world is now adjusting to incorporate web3 and DeFi features, Bloom allows users to have access to cryptocurrencies and NFTs without any kind of deposit or unnecessary exposure to volatility and risks.
If you ask me, there is no harm in trying this. Get started here.
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