Product Launch

RNS Number : 9849J

Mode Global Holdings PLC

03 May 2022

 

LSE-listed Mode announces launch of new Bitcoin Cashback product

-  Product allows consumers to receive Bitcoin Cashback as they shop

-  Access via affiliate network of 100+ brands in fashion, travel and sports

-  Launch follows successful roll out of Bitcoin Payroll and Instant Bitcoin Cashback products

Mode Global Holdings PLC (LSE: MODE), the LSE-listed Fintech Group, has today announced the launch of its Bitcoin Cashback affiliate programme, which will allow Mode users to receive Bitcoin Cashback when they shop online at over 100 brands.

Following the launch of Instant Bitcoin Cashback, which allows users to earn Bitcoin when they pay with Mode, Mode has announced a new Bitcoin Cashback programme that allows users to earn Bitcoin Cashback from a wider range of brands. Powered by advertising affiliate technology and launched independently by Mode, the Bitcoin Cashback product enables users to checkout with any payment method and receive cashback in Bitcoin directly into their Mode Wallets.

New retailers available via the network include fashion, travel and sports stores, and are an extension of Mode's existing Bitcoin proposition that makes it easy for users to buy, sell and earn the world's leading cryptocurrency. In addition, Mode has also been able to negotiate higher promotional cashback rates with certain brands, meaning consumers can get a better deal when they shop with the Mode app. 

The launch is the latest addition to Mode's crypto reward proposition, which allows consumers to earn as well as buy Bitcoin, an integral step in Mode's mission towards driving mass adoption of Bitcoin. Combined with Mode's Bitcoin Payroll solution, where employees of participating firms can choose to receive part of their salary in Bitcoin, Mode continues to bring products to market that cater to both crypto natives and first-time users.

As one of the first Crypto FCA registered businesses and also holding an EMI licence, Mode users are able to buy, earn, sell and trade Bitcoin with confidence, enhancing the proposition to both consumers and future partners.

The announcement follows previous partnerships for Mode's separate Bitcoin Payroll product with ecommerce firm Heroes and employment platform Lano in February and April, respectively.

Commenting on the launch, Rita Liu, CEO of Mode, said:

"The launch of the Bitcoin Cashback product adds another string to Mode's Bitcoin bow, bringing an innovative product to consumers who want to earn crypto as they shop. We have seen from our own research that people are increasingly interested in new ways to access crypto, and the Bitcoin Cashback product is the perfect way to do that, while also offering financial incentives to brands who are looking to attract fresh customers, especially among GenZ and Millennials.

"Alongside our Bitcoin Payroll and Instant Bitcoin Cashback products, we now have an attractive suite of crypto products as we look to build on our unique position as an LSE-listed and FCA-registered crypto fintech firm. We look forward to adding more brands in the coming months to make Bitcoin Cashback even more accessible to our customers."

ENDS

Press contact:

Milo Larkin, MRM

020 3326 9926 / 07471 351 584

[e-mail] 

Julie Sand, Mode Global Holdings PLC

[phone]

[e-mail]

Notes to Editors

N.B. Mode does not have direct partnership with participating retail brands, the Bitcoin Cashback programme is powered by long-standing advertising affiliate technology, and launched independently by Mode.

About Mode: 

Mode is an LSE-listed fintech company on a mission to build the world's most disruptive ecosystem where exchanging value and growing wealth is seamless for all. Mode is leveraging the power of Bitcoin and Open Banking to deliver on this mission and offer customers in the UK a one-stop app to shop, earn and grow their Bitcoin, all in one place. For businesses, Mode provides a cheaper, safer and smarter alternative to card payments that rewards shoppers with Bitcoin Cashback. 

To learn more, visit our customer/business site at www.modeapp.com or our investor site at www.modeplc.com.

 

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