TravelTech startup, WalkABit, to offer cryptocurrency as rewards for treasure hunt activities on trip to Barcelona
In the end of May travel tech startup WalkABit has launched operations in Barcelona. The mobile-only platform is fusing together ideas of Geocaching-like treasure hunt for tourists, with cashback and cryptocurrency. Based on location, users will receive crypto assets as reward for answering a question about the surroundings of the landmark that they see. Cryptocurrency is allocated to in-app wallet for every sight that is visited.
During the trip in the city, users can also take advantage of cashback on numerous tourist services. From restaurants, through bike rentals, to boat rides, app users get 5% or more cashback on their whole spend. Cashback is rewarded in € and landmark rewards are paid in cryptocurrency.
WalkABit wants to bridge the gap in Online to Offline marketing for travelers and small businesses. CEO, Michal Zielinski says “We want to build a comprehensive solution that will allow users to receive any currency they want, just for sightseeing and using services that they would use anyway on their travel. On the other hand, we let small businesses leverage the power of user location, reaching them at the right time, place, mindset and converting them to their customers.
Currently WalkABit is only present in Barcelona, but with the launch and start of seed funding round, the plans are to open operations in 3 more european cities in 2019, followed by 14 more in 2020. WalkABit’s engine is using Bittrex exchange. For Barcelona’s launch they are rewarding users with DOGE coins, but are also discussing opportunities to onboard different cryptocurrencies.
Then Michal Zielinski adds on project development: “We are aiming to work with 3-4 cryptocurrencies that are listed in Bittrex, it’s a great opportunity for project developers to reach new audience that is entering the world of cryptocurrencies.”
In pre-seed round was backed by investors like Boeing, Datalex, IAA and Enterprise Ireland. Currently with the launch of the platform they are opening seed round that will ensure stable growth of the platform and broader audience reach. WalkABit’s app is available in the Apple and Android marketplaces download for free.
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