StormX, the blockchain-based rewards platform that helps users earn crypto, has scored a significant coup by onboarding retailing giant Walmart.
Having already sealed deals with the likes of Microsoft, Nike, Adidas, eBay, Target, Dell, and Samsung, StormX is taking things up a notch by enabling 4% ‘Cryptoback’ on all Walmart purchases. In fact, shoppers can earn as much as 14% if they reach Super-user tier on the app.
Consumer Thirst for Cryptoback
Based in Seattle, U.S., StormX launched its crypto-cashback program for mobile shoppers back in April following the success of Honey, a deal-finding browser add-on which sold to PayPal for $4 billion last November.
By tapping into Walmart’s vast customer base, the start-up becomes the only Cryptoback rewards service currently supported by the multinational corporation.
Walmart services over 265 million customers every week, with purchases completed at approximately 11,500 physical stores in 27 countries as well as online. Despite the Covid-19 pandemic, the company has achieved revenue of $524 billion in 2020. Now, shoppers can get more for their money by signing up to StormX.
“Walmart is synonymous with choice and value, and we are thrilled to further incentivize users to shop there,” said StormX CEO Simon Yu. “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.”
A Modern Crypto Faucet
In Bitcoin’s early days, Faucets enabled interested parties to earn cryptocurrency without parting with their own money. StormX is the evolution of a Bitcoin Faucet, in that it rewards users with cryptocurrency for everyday purchases they would make regardless.
Whether it is a Samsung smartphone, a weekly shop at Walmart, or a new pair of Nike tennis shoes, users can passively earn their favorite digital asset – without having to open an account at an exchange.
StormX is available as an app on both the Google Play and Apple Stores, and as a Google Chrome browser extension. As well as being able to claim rewards for indulging in retail therapy, shopaholics can acquire BTC, ETH, LTC, and other assets by completing various micro-tasks such as surveys, videos and sampling products.
Another Step Towards Mainstream Adoption?
During its relatively short lifespan, StormX has made an admirable contribution to crypto’s quest for mainstream adoption.
If the industry is ever to capture the imagination of the general public, crypto needs to be easier to acquire, simpler to use, and safer to hold. With its integrated non-custodial wallet, 500+ retail partners and the ability to move tokens whenever users want, the ambitious start-up is making major strides in these areas.
To date, StormX has reached 2.5 million downloads, with that figure likely to rise as news about the Walmart integration spreads.