SOURCE: Ribbit.me

RibbitRewards, Marketplace.life

December 23, 2014 08:00 ET

Ribbit.me Poised to Lead Rewards Industry Consolidation Using Blockchain Technology, Enhancing Bitcoin Mainstream Utility

NEW YORK, NY--(Marketwired - December 23, 2014) -

Key Facts

  • RibbitRewards™ is the first rewards program based on blockchain technology (patent pending), the same technology Bitcoin uses.
  • Ribbit.me™ is set to launch Marketplace.life™, the first-ever p2p marketplace where buyers and sellers earn RibbitRewards for each transaction.
  • This new global marketplace is free-to-use and accepts all major digital and fiat currencies.
  • A percentage of all RibbitRewards created are donated to charity.

Ribbit.me, the creator of RibbitRewards, the world's first rewards program based on blockchain technology and with its own marketplace, today released 2015 plans to create alliances with mainstream financial services partners to increase the efficiency of payment processing through enhanced utility of digital currencies.

CFO Greg Simon, an economist whose background includes global investment banking, is one of the co-founders of Ribbit.me. He became interested in blockchain technology while embarking on a year-long trip around the world where he encountered obstacles to transacting using traditional fiat currencies. He progressed to the use of Bitcoin and then decided to build a rewards program based on the same technology with two partners, founding Ribbit.me.

"It was a natural progression for Bitcoin to evolve into a solution for the rewards industry," said Simon. "The RibbitRewards program will save billions of dollars a year from operating efficiencies, industry consolidation and taking it off balance sheet."

Simon said Marketplace.life shoppers benefit from the convenience of using one rewards program for all their purchases, while earning RibbitRewards for each transaction. The marketplace is easy and free for all to use. A percentage of RibbitRewards go to buyers, sellers and to charity. 

"We are working with some great partners to distribute RibbitRewards to worthy charities," said Sean Dennis, Ribbit.me CEO and co-founder. "These strategic alliances will allow hundreds of charities to accept donations in RibbitRewards and Bitcoin."

http://vimeo.com/113438168

Ribbit.me is also developing a retail plug-in so that RibbitRewards can be earned on any merchant platform. Watch for signs that say "Earn RibbitRewards Here" to appear in retail shopping outlets soon.

About Ribbit.me
Ribbit.me! USA is a U.S.-based Delaware C Corp. Our mailing address is P.O. Box 1817, NY, NY 10159. For more information about RibbitRewards, visit www.ribbit.me. You can also follow us on Facebook (facebook.com/Ribbit.me and facebook.com/Marketplace.life) and Twitter (@RibbitRewards).

Embedded Video Available: http://youtu.be/8_09gwWKfvk

Contact Information

  • Media Contact:
    Marcia Lewis Danzeisen
    Chief Marketing, Strategy and Communications Officer
    +1 904.466.4517
    marcia@ribbit.me