Ribbit.me™, the creator of RibbitRewards™, the world’s first rewards program based on blockchain technology and with its own marketplace, today announced that they have hired Privity to assist them with their Series A round of funding.
Ribbit.me is the only blockchain technology company focused on the $54 Billion rewards industry. RibbitRewards is the first rewards program based on blockchain technology, the same technology Bitcoin uses.
This patent pending technology allows for the transfer of value across different rewards programs for the first time. Program operators can take rewards from the balance sheet to put on a shared ledger, turning a liability into an asset.
Ribbit.me is also set to launch Marketplace.life™, an eBay-like, p2p marketplace where merchants and shoppers benefit from the convenience of using one rewards program for all of their purchases, while earning RibbitRewards for each transaction. The marketplace is easy and free for all to use, accepting all major currencies, both fiat and digital. A percentage of RibbitRewards go to buyers, sellers and to charity
Ribbit.me is developing a retail plug-in and mobile app so that RibbitRewards can be earned on any merchant platform.
“We at Ribbit.me are pleased to have Privity as our partner as we secure our Series A round of funding,” said Sean Dennis, Ribbit.me CEO and Co-founder. “We have every confidence in Sleem Hasan and his team as they take us forward.”
Ribbit.me! USA is a U.S.-based Delaware C Corp., with headquarters in New York, USA.
Sleem Hasan, Founder & CEO Privity FZ LLE, added, ”Privity is honoured to have been appointed by Ribbit.me as their advisor. They also are the first blockchain technology company we shall be assisting and the first portfolio partner company focused on the rewards industry.”