Exciting news was announced yesterday as a partnership was revealed that will allow users to purchase gift cards directly on the Polkadot app. These gift cards are in fiat currency and can be used at over a million stores, chains, or e-commerce sites.
This partnership between Raise and Parity Technologies is groundbreaking in the world of cryptocurrency transactions. With just a few clicks, users can now buy gift cards on the Polkadot app, paying with the native cryptocurrency, DOT.
The partnership to bring gift cards to the Polkadot app
The collaboration between Raise and Parity Technologies has made it possible for users to easily use their cryptocurrencies for daily transactions. The integration of Raise’s gift card infrastructure within the Polkadot app allows for seamless purchase of gift cards directly in the app, with the option to pay using DOT.
Additionally, users can earn up to 20% cashback in DOT when purchasing gift cards through the app.
The role of Raise
Raise has become a key payment provider for the Polkadot mobile app, offering users access to a wide range of on-demand gift cards from over a thousand brands. With its integrated infrastructure and cashback incentives, Raise aims to enhance the transfer of value between consumers and businesses in the crypto sector.
Parity Technologies
Parity Technologies is a leading blockchain infrastructure company that focuses on creating innovative solutions to enable better institutions through technology. With its creation of Substrate and Polkadot, Parity is at the forefront of connecting and securing various crypto ecosystems.
The Polkadot ecosystem
Polkadot, a meta-blockchain project launched in 2020, aims to facilitate interaction between different blockchains. Through the partnership with Raise, users will soon be able to make purchases at USA retailers using DOT, with plans for international expansion by the end of the year.
DOT to pay for Gift Cards on the Polkadot app
Despite fluctuations in price, DOT remains a valuable asset for transactions on the Polkadot app. While it has experienced ups and downs in the market, DOT holders can still use their assets for retail purchases and e-commerce transactions.
The comments on the initiative
George Bousis, founder and CEO of Raise, expressed his enthusiasm for the partnership with Parity Technologies, highlighting the potential for integrating cryptocurrencies into everyday transactions. Björn Wagner, co-founder and CEO of Parity Technologies, commended the collaboration with Raise, emphasizing the impact on traditional e-commerce and the future possibilities for cryptocurrency integration.