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Saturday, Dec 3, 2022
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Canada

Bigg Digital Assets relaunches Netcoins Pay for cash back and Bitcoin rewards

Netcoin Pay users have collected over $100,000 in Bitcoin rewards after spending over $5 million.

Netcoins Pay
Photo by Traxer via Unsplash

Bigg Digital Assets (CSE:BIGG) (OTCQX:BBKCF) relaunched Netcoins Pay in connection with KOHO Financial and Mastercard.

Netcoins is a Vancouver-based cryptocurrency exchange founded in 2014 that allows crypto aficionados to buy Bitcoin, Ethereum and 34 other cryptocurrencies. It sports no funding fees and free cash withdrawals, and now through its partnership with KOHO Financial, is launching the Netcoins Pay program with Mastercard.

“Since the launch of Netcoins Pay, we have focused on the evolution of the product so that we can better serve our users. KOHO Financial Inc. has moved to Mastercard, which has allowed us to work closely with Mastercard’s global crypto team to plan a roadmap of enhancements that are specific to our product. We look forward to bringing Mastercard’s crypto card services to our Canadian users and launching innovative new features in 2023,” said Fraser Matthews, Netcoin’s president.

BIGG Digital Assets is a company with a curious mission to produce a regulated cryptocurrency space, that’s safe for investors. Right now, cryptocurrency is basically in a wild west period, and it’s not tenable for conservative investors. There’s too little regulation, self or otherwise, and there are outsized risks. BIGG is looking to change that with its three portfolio companies: Netcoins, Blockchain Intelligence and TerraZero.

Blockchain Intelligence Group provides on-chain forensics and analysis, following and logging transactions. TerraZero is BIGG’s 30 per cent owned metaverse company. Netcoins is the company’s brokerage and exchange software arm. It gives the investor a safe and compliant way to get crypto. It makes use of BitRank Verified software, which assesses wallet addresses and ranks them according to risk.

Read more: The Mugglehead technology roundup: surviving the crypto-winter edition

Read more: The Mugglehead technology roundup: crypto in the snow edition

Netcoins Pay

The company originally launched the card in Q1 2022. Since then, Netcoin Pay users have collected over $100,000 in Bitcoin rewards after spending over $5 million. Users will continue to collect BTC rewards on their everyday spending as a cash back option. Now, though, users can track their rewards in the Netcoins Mobile app available in the App Store, Google Play Store and through the Netcoins Web App. The program as of right now has over 4,000 registered users with an average net spend of $585 per month.

Mastercard has been working with the cryptocurrency industry, and specifically with Netcoins, to make sure Netcoins Pay users get the same experiences in Canada as with other places. The Netcoins Pay card will also have an updated look to match a recent branding upgrade. The company is going to be engaging in a marketing campaign and putting on a competition to follow on social media.

 

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