An Australian start-up, Incent, plans to offer a 20% payback in its INCNT token on fuel purchases at United Petrol stations for a limited time.
On Sept. 26, Incent announced in a press release that their users will have to sign up on its platform and sync their bank accounts in order to receive the tokens. They also claim to be first Australia's cryptocurrency for all purchases at United Petrol stations.
United Petrol currently owns over 450 stations. Per the press release, the system's advantage over classical company-emitted points is that those tokens cannot be devalued or discontinued by the company and that there are no plastic cards or friction. Incent CEO Rob Wilson explained:
“Giving consumers something of real value rather than points that can expire or only be redeemed under strict conditions is one of Incent's key differences. But it's also what goes on under the bonnet that makes it truly compelling. Once a user has synced their bank account, rewards are issued automatically.
Consumers can literally save as they spend, seamlessly.”
Cointelegraph recently reported that 63% of American consumers perceive blockchain tokens to be an easy form of payment. This has lead to the believe Incent that their plan will work in Australia. In order to receive 20% of the fuel purchase price at United Petrol, the customers must signup for the service and sync their bank accounts.