Perk Labs has developed PERKS its own crypto loyalty reward program. PERKS crypto rewards are designed to bring cryptocurrency to mainstream consumers by rewarding them for purchases made online, in restaurants, and other brick & mortar establishments.
PERKS is designed to be fast, secure, and with environmental impact in mind. Built on one of the most environmentally-friendly blockchain payment technologies available today, PERKS uses the Solana blockchain and requires near-zero energy to run.
Perk Labs intends to use blockchain-based ‘smart contracts’ that are automated and thus don’t allow for the cancellation or devaluation of a customer’s rewards once they’ve earned them. That provides customers with the confidence that is missing from many loyalty programs.
Perk Labs is currently working on digital wallet development and microservice API development. In connection with the development of its crypto rewards, Perk is incorporating new compliance tools and procedures and is working with a leading German Fintech design firm to update its mobile app and website with a state-of-the-art user interface to include additional reward features and game design elements.
Perk Labs plans include initially scaling up the crypto loyalty rewards system in the Perk Hero mobile and web apps and then exposing the platform to third-party developers to allow them to integrate Perk’s crypto rewards into their applications.