Bloom partners with Okcoin to offer crypto experience for members

Local technology startup Bloom has partnered with global cryptocurrency exchanges Okcoin to offer a crypto and gamified retail experience for Bloom members. Okcoin will offer free account opening services for Bloom members, enabling them to easily withdraw the crypto they earn. After withdrawing their crypto from Bloom into their Okcoin account, members have the option of continuing to grow their funds with Okcoin’s Earn product, which enables cryptocurrency holders to earn high yield on many different assets.

This move aims to facilitate Bloom in becoming Hong Kong’s spending app that supports cryptocurrency rebates for any Visa card transaction in the city, marking a major breakthrough in a spending landscape dominated by cash rebates and reward points, according to the press release. The app allows Bloom members to get spending rebates in the form of cryptocurrency, where they could log into the Bloom App and convert their Bloom Coins earned from any spending with a linked Visa cards into cryptocurrencies based on the latest prices.

Currently supporting more than ten mainstream cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, the Bloom App integrates real-time data via application programming interface (API) to help members stay on trend in the cryptocurrency space. Furthermore, the app allows Bloom members to withdraw cryptocurrencies to designated crypto wallets, or covert them into Bloom Coins for in-app redemption of nonfungible tokens (NFT), e-coupons, and fashionable collectables, without being charged and members could choose their preferred way of keeping rewards at no costs.

Eddie Rong, founding member of Bloom, said: “We are pleased to join hands with Okcoin to create more value for Bloom members. With the increasing awareness of cryptocurrencies in Hong Kong, although the cryptocurrency market has been volatile recently, we seek to build a platform for beginners on top of an exciting spending experience, empowering members to save cryptocurrencies and shop at the same time.”

Justin Chan, founding member of Bloom, added: “We believe this will help democratise cryptocurrencies and lay the foundation for them to play a more important role in the financial system. As the fifth wave of pandemic has weighed on the local retail sector, we hope to contribute to the economic recovery with this breakthrough of the Bloom App in collaboration with payment, retail, and F&B partners.”

Khairi Azmi, general manager of Okcoin (Asia), said: “We are proud to partner with Bloom in making crypto a regular part of people’s daily lives. In order for cryptocurrency to go mainstream across the world, we need payments technology that ordinary people want to use. The combination of Bloom’s rewards program and easy-to-use spending product provides an ideal avenue for new and existing crypto users to interact with digital assets every day, and we’re glad to help make this possible.”

This move aims to facilitate Bloom in becoming Hong Kong’s spending app that supports cryptocurrency rebates for any Visa card transaction in the city, marking a major breakthrough in a spending landscape dominated by cash rebates and reward points, according to the press release. The app allows Bloom members to get spending rebates in the form of cryptocurrency, where they could log into the Bloom App and convert their Bloom Coins earned from any spending with a linked Visa cards into cryptocurrencies based on the latest prices.

Currently supporting more than ten mainstream cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, the Bloom App integrates real-time data via application programming interface (API) to help members stay on trend in the cryptocurrency space. Furthermore, the app allows Bloom members to withdraw cryptocurrencies to designated crypto wallets, or covert them into Bloom Coins for in-app redemption of nonfungible tokens (NFT), e-coupons, and fashionable collectables, without being charged and members could choose their preferred way of keeping rewards at no costs.

Eddie Rong, founding member of Bloom, said: “We are pleased to join hands with Okcoin to create more value for Bloom members. With the increasing awareness of cryptocurrencies in Hong Kong, although the cryptocurrency market has been volatile recently, we seek to build a platform for beginners on top of an exciting spending experience, empowering members to save cryptocurrencies and shop at the same time.”

Justin Chan, founding member of Bloom, added: “We believe this will help democratise cryptocurrencies and lay the foundation for them to play a more important role in the financial system. As the fifth wave of pandemic has weighed on the local retail sector, we hope to contribute to the economic recovery with this breakthrough of the Bloom App in collaboration with payment, retail, and F&B partners.”

Khairi Azmi, general manager of Okcoin (Asia), said: “We are proud to partner with Bloom in making crypto a regular part of people’s daily lives. In order for cryptocurrency to go mainstream across the world, we need payments technology that ordinary people want to use. The combination of Bloom’s rewards program and easy-to-use spending product provides an ideal avenue for new and existing crypto users to interact with digital assets every day, and we’re glad to help make this possible.”

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