A few summers ago, I ordered lunch through Grubhub while working long days at the office. When ordering, I always made sure I was logged in Stupida bitcoin rewards platform with a browser extension so I could earn money back on my purchases.
Eventually I stopped eating out so much and started cooking food at home, and over time I largely forgot how I stacked the groceries with Lolli. However, I recently checked my wallet and discovered that 312,770 sats that had increased in value were worth $220 at the time I wrote this.
Looking through my transaction history, the majority of my Lolli purchases were made through Grubhub.
My bitcoin refunds from my ~$20 lunch purchases are currently worth $3-4 each. As bitcoin continues to rise in price, it’s pretty wild to think that the rewards I’ve earned will one day be worth more than the purchases I made to get them…
Honestly, it feels like the greatest financial hack that has ever existed.
Then I remembered I had an account Foldanother bitcoin rewards app. I logged into my account and found 300,416 sats, currently worth $226, just chilling in my wallet. I also saw that I had collected my total rewards of 1,057,710 sats, currently worth $750, using Fold. Again, all this for the sake of doing nothing but making everyday purchases.
Why did I ever stop using these products? I guess I was just lazy and now I’m kicking myself for all the extra bitcoin I could have piled up if I had continued using these platforms – especially through the bear market…
Then I realized the genius of these platforms: they don’t require customers to go out of their way to acquire bitcoin. They just let them live their lives and receive rewards. They ensure that no real behavioral change is required, and that people don’t have to invest their hard-earned dollars to get their hands on bitcoin.
Most Bitcoin companies serve a nice niche market that is more technical. But using these products, I think there is another way to get people using Bitcoin. Bitcoin rewards apps are a smart gateway that my friends who aren’t into Bitcoin would probably find really cool and would probably want to use to stack their first sats.
While I wish I could go back in time to the bear market and redo all my daily purchases using a BTC rewards platform, I can’t.
However, I have control over my actions today and in the future, so I will download these apps again. You should too.
This article is a To take. The opinions expressed are solely those of the author and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.