Thursday, May 17, 2018 - 9:00 AM - 9:35 AM
Advantage/EZ Rental (AEz) and their loyalty agency, Persuade partnered together on April 2nd, 2018 to launch the first rental car loyalty program that allows their customers to convert their points to cryptocurrency (i.e. Bitcoin, Ethereum). Persuade built a central exchange (Crypto Rewards Exchange or CRE) that can be added to any loyalty platform as a redemption option (cryptorewardsexchange.com) and AEz re-launched their EZ Money program to offer additional benefits for their customers who are predominately millennial and generation Z business travelers.
AEz and Persuade partnered together for this exciting new concept for two reasons:
• Attitudes toward the block chain and crypto currency are significantly more positive and growing in adoption in the millennial and gen Z cohorts. Loyalty programs that specifically target these generations are adapting to their changing tastes and ideals.
• Education around crypto currency requires a way to easily create an account and experiment with owning and managing this volatile form of currency, CRE allows customers to create an account and own cryptocurrency in a manner of minutes. Using loyalty points to do this is lower risk while learning how cryptocurrency works, is traded and used.
This presentation will discuss the movement of loyalty programs into the block chain space and review the adoption and metrics of this new venture from AEz and Persuade.