REG - Mode Global Holdings - Product Launch

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03/05/2022 07:00

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RNS Number : 9849J  Mode Global Holdings PLC  03 May 2022

LSE-listed Mode announces launch of new Bitcoin Cashback product

-      Product allows consumers to receive Bitcoin Cashback as they shop

-      Access via affiliate network of 100+ brands in fashion, travel and
sports

-      Launch follows successful roll out of Bitcoin Payroll and Instant
Bitcoin Cashback products

Mode Global Holdings PLC (https://www.modeapp.com/) (LSE: MODE), the
LSE-listed Fintech Group, has today announced the launch of its Bitcoin
Cashback affiliate programme, which will allow Mode users to receive Bitcoin
Cashback when they shop online at over 100 brands.

Following the launch of Instant Bitcoin Cashback, which allows users to earn
Bitcoin when they pay with Mode, Mode has announced a new Bitcoin Cashback
programme that allows users to earn Bitcoin Cashback from a wider range of
brands. Powered by advertising affiliate technology and launched independently
by Mode, the Bitcoin Cashback product enables users to checkout with any
payment method and receive cashback in Bitcoin directly into their Mode
Wallets.

New retailers available via the network include fashion, travel and sports
stores, and are an extension of Mode's existing Bitcoin proposition that makes
it easy for users to buy, sell and earn the world's leading cryptocurrency. In
addition, Mode has also been able to negotiate higher promotional cashback
rates with certain brands, meaning consumers can get a better deal when they
shop with the Mode app.

The launch is the latest addition to Mode's crypto reward proposition, which
allows consumers to earn as well as buy Bitcoin, an integral step in Mode's
mission towards driving mass adoption of Bitcoin. Combined with Mode's Bitcoin
Payroll solution, where employees of participating firms can choose to receive
part of their salary in Bitcoin, Mode continues to bring products to market
that cater to both crypto natives and first-time users.

As one of the first Crypto FCA registered
(https://www.modeapp.com/blog/fca-crypto-and-regulation-uk) businesses and
also holding an EMI licence
(https://register.fca.org.uk/s/firm?id=0010X00004cc3boQAA) , Mode users are
able to buy, earn, sell and trade Bitcoin with confidence, enhancing the
proposition to both consumers and future partners.

The announcement follows previous partnerships for Mode's separate Bitcoin
Payroll product with ecommerce firm Heroes and employment platform Lano in
February and April, respectively.

Commenting on the launch, Rita Liu, CEO of Mode, said:

"The launch of the Bitcoin Cashback product adds another string to Mode's
Bitcoin bow, bringing an innovative product to consumers who want to earn
crypto as they shop. We have seen from our own research that people are
increasingly interested in new ways to access crypto, and the Bitcoin Cashback
product is the perfect way to do that, while also offering financial
incentives to brands who are looking to attract fresh customers, especially
among GenZ and Millennials.

"Alongside our Bitcoin Payroll and Instant Bitcoin Cashback products, we now
have an attractive suite of crypto products as we look to build on our unique
position as an LSE-listed and FCA-registered crypto fintech firm. We look
forward to adding more brands in the coming months to make Bitcoin Cashback
even more accessible to our customers."

ENDS

 

Press contact:

Milo Larkin, MRM

020 3326 9926 / 07471 351 584

mode@mrm-london.com

 

Julie Sand, Mode Global Holdings PLC

+44 (0)7582 830 676

julie.sand@modeapp.com (mailto:julie.sand@modeapp.com)

 

Notes to Editors

N.B. Mode does not have direct partnership with participating retail brands,
the Bitcoin Cashback programme is powered by long-standing advertising
affiliate technology, and launched independently by Mode.

About Mode:

Mode is an LSE-listed fintech company on a mission to build the world's most
disruptive ecosystem where exchanging value and growing wealth is seamless for
all. Mode is leveraging the power of Bitcoin and Open Banking to deliver on
this mission and offer customers in the UK a one-stop app to shop, earn and
grow their Bitcoin, all in one place. For businesses, Mode provides a cheaper,
safer and smarter alternative to card payments that rewards shoppers with
Bitcoin Cashback.

To learn more, visit our customer/business site at www.modeapp.com
(http://www.modeapp.com) or our investor site at www.modeplc.com
(http://www.modeplc.com) .

 

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