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Bitcoin Press Release: Gabrotech aim to rework the loyalty rewards industry using their blockchain powered platform making loyalty reward systems easier and more rewarding than ever.
June 21st, 2018: Using the Gabrotech card, customers can withdraw and exchange cryptocurrencies and fiat around the world in real time. The Gabro platform allows users to redeem and manage loyalty schemes on a decentralised platform accessible to all.
Gabrotech was founded by a team of blockchain enthusiasts with over 100 years of experience in various sectors including banks, card carrier networks and fintech companies. Members from the team are located about the world including countries such as China, Hong Kong, Singapore and the UK. Gabrotech is currently partnered with major companies such as Deloitte, Adpost, China Unicom and Espeo Blockchain to help reach their goal of mass adoption.
The loyalty rewards program maret is estimated to have a total value of $500 billion. The average household will invest in around 25 programs, however usually only 10% to 80% of the programs are used to a proper extent. Research has shown that 78% of customers are not satisfied with their loyalty programs.
An issue for many customers is that Loyalty Program Operators (LPO) try to make it difficult for customers to redeem their loyalty points from the reward program because the program operators believe that expired loyalty points equates to a form of profit for them creating a negative relationship between the customer and the service.
Revolutionising the Rewards Industry with Gabrotech
Gabrotech plans to use the disruptive nature of blockchain technology to overhaul the loyalty rewards market, making it fair and accessible to the public, and giving the power back into the hands day to day citizens. Users will be able to instantly redeem and manage multiple loyalty schemes at any given time and then redeem them on the spot or exchange them freely on a blockchain enabled platform for the first time.
Customers won’t be the only ones gaining something on the Gabro platform. LPO’s who join the Gabro ecosystem will gain access to millions of members, instantly gaining access to previously unattainable market segments. Merchants stand to benefit with Gabro by having their own branded merchant token issued by Gabrotech to improve chance of usage. Lastly, institutional buyers such as credit card issuers can benefit from the reduction of balance sheet liability as there will be more redemption options.
Easy Solutions with the Gabro Wallet 2.0
The Gabro Wallet gives users an accessible and easy-to-use portfolio where they can manage their loyalty points for several loyalty programs at any given time. The Gabro Wallet also gives users the power to buy, hold and exchange Bitcoin, Ether, Litecoin and various other cryptocurrencies with fiat currencies at optimal exchange rates. The wallet contains built-in security features that aid in the protection of transactions. These include advanced tools such as biometric, facial recognition, passcode and usage patterns, reassuring customers that their account is secure from any fraudulent use.
Users will be able to access the Gabro Pre-Paid Card allowing them to top up their spare reward points which can be spent on products and services in over 200 countries with 60 million outlets available to use. The Pre-Paid Card will replace all other plastic cards and loyalty programs, and in addition will offer users the chance to exchange point-to-token or token-to-token. Every purchase on the card will give customers a 0.1% reward which will be transferred to the user in Gabro coins. Furthermore, users can withdraw money internationally with real-time exchange rates using the card.
Don’t Miss the Gabro Token Generation Event
Gabrotech will host a token sale for their ERC20 Gabro Token (GBO) which will start on the 31st of July, 2018 and end one month later on August 30th, 2018. The total token supply will be 1,000,000,000 with a hard cap of $50 million. The token price will be set as 5000 GBO to 1 ETH with a minimum purchase of 0.1 ETH.
Learn more about Gabrotech – https://gabrotech.io/
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