The platform aims to improve the eCommerce experience for consumers and merchants, who offer up to 40% cashback in five different digital assets, including BTC, ETH, LTC, DAI and STORM.
StormX has announced the integration of StormShop for its iOS and Android users, allowing them to earn cryptocurrencies back when they shop online, as the company has announced.
StormShop is complemented with StormPlay’s mobile app, which has attracted more than 2.5 million users since its launch in January 2014.
StormX’s CEO and co-founder, Simon Yu, gave his input on the new mobile integration:
“We are now able to reward shoppers with some of the most secure and popularly adopted cryptocurrencies in the world when they shop online at their favorite retail stores. We are eager to continue these expansions, providing an easier entry point to cryptocurrencies for everyday consumers.”
The service offered by StormX allows the user to connect with leading companies like Samsung, Microsoft, and GameStop, along with 400 other retailers from different areas like food, travel, entertainment.
New products coming soon
Speaking with Cointelegraph, Yu commented on new products that are soon to be released to the public:
“A feature we are excited to be launching soon is our StormX Rewards Program. Through it, we plan on incentivizing STORM token stakers and introduce new types of cash backs. However, more details will be announced soon.”
Furthermore, Yu assured Cointelegraph that they will soon launch Korean language support, in addition to targeting other regions like China and Brazil.
The mobile integration comes at a time when the company announced its expansion to Canada on January 14, in addition to partnering with the Litecoin Foundation for its StormPlay and StormShop services.
About StormX
StormX is a Seattle-based blockchain startup, focused on allowing users to earn money from any device. Thanks to its StormShop service, users with cryptocurrencies are rewarded when they buy through partner websites.
UNICEF Launches Cryptocurrency Fund to Back Open Source Technology
UNICEF, the United Nations Children’s Fund, has launched a crypto fund to receive, hold and distribute donations of bitcoin and ether in its aim to back open source technology for children around the world.
UNICEF said in an announcement on Wednesday that in a first for United Nations organizations, the Cryptocurrency Fund will receive contributions in cryptocurrency and grant out in the same digital currency form.
The organization added the first contributions to the UNICEF Cryptocurrency Fund come from the Ethereum Foundation and “will benefit three grantees of the UNICEF Innovation Fund.”
It said the three grantees that will receive the initial donations are Prescrypto, Atix Labs and Utopixar, focusing on the areas of “prescription tracking, matching investors and those needing funding, and community tokens and engagement.”
Aya Miyaguchi, executive director of the Ethereum Foundation, said in a keynote speech at the DevCon event that 100 ether, worth about $18,000 at its current price, has been sent to the UNICEF via the new partnership.
“This is a new and exciting venture for UNICEF”, said UNICEF Executive Director Henrietta Fore. “If digital economies and currencies have the potential to shape the lives of coming generations, it is important that we explore the opportunities they offer. ”
“Together with UNICEF, we’re taking action with the Crypto Fund to improve access to basic needs, rights, and resources”, Miyaguchi said in the announcement.
The UNICEF Cryptocurrency Fund is the UN children agency’s latest push to adopt blockchain technology for its wider goal. Earlier this year, it was in talks with the government of Kyrgyzstan to use blockchain to provide internet access to schools in the country via the so-called Project Connect initiative.
In December last year, UNICEF said it was investing $100,000 in six blockchain startups in order to solve global challenges via blockchain, ranging from healthcare delivery transparency to managing finances and resources.
