Nike Partners With Plutus To Unlock Up To 3% In Crypto And 9% Cash Rewards
Nike Partners With Plutus To Unlock Up To 3% In Crypto And 9% Cash Rewards
June 3, 2020
Nike Partners With Plutus To Unlock Up To 3% In Crypto And 9% Cash Rewards
Nike Partners With Plutus To Unlock Up To 3% In Crypto And 9% Cash Rewards
June 3, 2020

Nike, the US multinational corporation, worldwide marketing and sales of footwear giant, has partnered with Plutus​, the London-based fintech startup, to unlock up to 3% in crypto and 9% cash rewards for making purchases on Nike’s online store.

It has been reported that to receive the rewards, customers should use the Plutus Visa Card while shopping online. As Plutus operates within the United Kingdom and the European Economic Area to date, the service is now available for purchase in euro (EUR) and the British pound (GBP).

However, the rewards are generated in Plutus’ native token, Pluton (PLU), a decentralized loyalty token running on the Ethereum network.

The firm said that apart from 12% in total rewards available, Plutus users can also earn more rewards by supporting the PLU token through Plutus’ app. As of press time, the token is trading at $1.75, with a market capitalization of about $1.5 million.

Likewise, by introducing Nike crypto rewards, Plutus is making another step in its mission to bring cryptocurrencies into everyday life.

ALSO READ :  FUZAMEI Launches 33 Charity For Tracking And Managing Data

Nike’s affiliate partnership comes months after Plutus introduced a similar feature on major travel websites, Airbnb and Skyscanner, earlier this year. But development had to be paused due to the COVID-19 outbreak.

Thus, Danial Daychopan, the CEO and founder of Plutus, said:

“Plutus was approved as an affiliate partner for both Airbnb and Skyscanner at the start of the year, however all programs in the travel category have been temporarily paused by the company due to travel restrictions caused by COVID-19. Both of these partners were included to offer cash back to qualified Plutus members.”

Source: Cointelegraph | Image: Nike News


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.