DSFR, a blockchain-based entity built on the robust Polygon (Matic) network, has announced a new partnership with e-commerce platform – Mycashbackworld. This will allow Mycashbackworld to leverage DSFR’s cryptocurrency payment system and wallet service to enhance its users’ shopping experience with cashback rewards.
Digital Swiss Franc (DSFR) is a Switzerland-based cryptocurrency with the aim of enabling crypto enthusiasts worldwide earns DSFRs as cashback when shopping online or offline, and to purchase goods with multiple payment options such as fiat currency, other cryptocurrencies, and DSFR itself. To achieve this DSFR has partnered with Mycashbackworld, an e-commerce platform with more than 15 million shoppers.
DSFR will leverage the benefits of the myWorld premium partner program to become the default choice of currency for shopping and a future investment for wealth creation, thereby bringing DSFR cryptocurrency to mainstream commerce. It has established an agreement with Mycashbackworld to become the top cash-back service.
myWorld shoppers can purchase goods from loyalty merchants and in return receive shopping points and cash backs. To take advantage of the cash-back benefits, customers need to register at the official Mycashbackworld website and receive the myWorld card. Most cash backs will return five per cent of the purchase and will be directly transferred to shoppers’ wallets in DSFR after requesting it either through the official website or through myWorld’s app.
DSFR allows customers to pay for their purchases using its Prepaid DSFR cards or by integrating its Crypto POS/ATMs into the retail and e-commerce platforms. Customers can shop at a discounted price and further get digital tokens in the form of cash back that grow in value with time as a cryptocurrency into their crypto wallet. A cross-merchant transferable loyalty program allows redeeming benefits with any partnered merchants at any time.
The tokens can be exchanged with other digital currencies or cashed in through crypto ATMs or online crypto exchanges. Retail partners can access loyalty programs based on analytics and link to online cash back providers to collect deals in one place for their customers. DSFR will have a one-stop cash back app that shows shoppers all offline and online deals in their area.
DSFR is based on Ethereum 2.0 (Polygon sidechain). It leverages Polygon side chain technology, to provide strong security and effectively reduce transaction time and cost. The Polygon network supports approximately 1,000 transactions per second with a confirmation time of one second or less. It’s a side chain scaling solution developed to offer scalability, higher throughput, interoperability, and strong user experience.
According to the companies the gas fee associated with the DSFR token is 1,000 times lower than Ethereum’s while its speed is 2,000 times higher. The open-source blockchain platform aims to develop into a dApp.
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