Public Institute of Australia commissioned a study which will allow students to earn cryptocurrency Ethereum, and then spend it on purchases in retail stores on campus.
The project is going to be implemented with the participation of a startup LoyaltyX the programme’s Rewards. To spend Air students will be able using a special application, which is recognized by scanners stores located near campuses of the University. The idea is that for every tenth purchase in the store to students using the app will receive five dollars in essential terms, which owners can use for their own purposes — to preserve and increase or also to spend on normal purchases.
The initiative involved all 500 students who have applied in advance — they will help startup LoyaltyX and the University to gather data regarding the extent to which students are willing to use cryptocurrency and how it changes the behavior of the owners of cryptocurrencies after the first accrual.
“The cost of airtime is constantly growing, so we are interested to observe the reaction of subjects receiving cryptocurrency as bonuses for purchases. We are confident that the crypto currency and its possibilities can become for students much more attractive than traditional means of calculation,” says Andrew Lowe, head of projects LoyaltyX.
The experiment will last until the end of the year, after which the management of a startup and the University will consider opportunities for further cooperation.
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Students public University of Australia will be able to buy cryptocurrency
Vyacheslav Larionov