Students of public universities in Australia will be able to make purchases cryptocurrency

Public Institute of Australia began a study in which will allow students to earn cryptocurrency Ethereum, and then spend it on shopping at retail stores on campus.

Students of public universities in Australia will be able to make purchases cryptocurrency

The project is implemented with the assistance of a startup LoyaltyX within Unify Rewards program. Students will be able to spend Ether using a special application, which is recognized by scanners stores located near the campuses of the University. The idea is that for every tenth purchase in the shop students through the app will be charged five dollars the equivalent efirovom which owners can use as they wish - to preserve and increase, or too ordinary to spend on purchases.

At the initiative of taking part in all 500 students who have applied in advance - they will help startup LoyaltyX and university to collect data on how active the students are ready to use cryptocurrency and how to change the behavior of the owners cryptocurrency after the first charge.

"Ether cost is constantly growing, so we are interested to watch the reaction of the subjects receiving cryptocurrency as bonuses for purchases. We are confident that cryptocurrency and its opportunities for students will be able to become a much more attractive than the traditional means of calculating ", - says Andrew Lo, director of LoyaltyX projects.

The experiment will last until the end of the year, followed by a startup guide and the university will consider the possibility of further cooperation.

Australian students may be the envy of our Telegram-chatik.