Elevate Brands Offering Bitcoin Payouts on Coinbase Prime
29 January 2022 - 7:00AM
NEWSBTC
Elevate Brands announced today its “Cash or Coin” acquisition
program and integration with Coinbase Prime. As per industry
observations, Elevate Brands is always looking for ways to make its
acquisition and operating processes more efficient. They announced
today that they would be integrating with Coinbase Prime to receive
payment in bitcoin or other cryptocurrencies. It should help them
conserve money by not having upfront costs when acquiring products
from the Amazon marketplace. This innovative new strategy enables
Elevate to capitalize on opportunities in the crypto space and
offers investors unprecedented access. Ryan Gnesin, CEO of Elevate
Brand, said; “We’re excited to be at the forefront of Amazon’s new
digital age, and we believe that cash or coin will make it easier
than ever for consumers who want access into cryptocurrencies” He
further added; “Integrating with Coinbase Prime gives us an edge in
bringing our brands closer towards achieving this goal.” Nick Eary
sold his company last year to Elevate. He will receive his bitcoin
payouts next month. Sellers who get paid directly through the
Coinbase Prime account benefit from lower fees or high volume
limits and can access features not available on other platforms.
Nick said with excitement in an interview about Elevate’s first
crypto payee: “When I sold my business, I had planned to allocate
some of the funds to bitcoin. The fact that I could be paid in
crypto instantly through Elevate made investing a much simpler
process.” Elevate Offer Bitcoin Payouts For Referral Program
In a move that could be the start of many more crypto-based
incentive programs, Elevate has recently introduced its new
referral program. Anyone who refers a business to Amazon that they
successfully acquire is eligible for up to $500K in cash or
equivalent blockchain-based cryptocurrency (i.e., Bitcoin).
Empowery ECommerce Cooperative received the first referral payout
in Bitcoin. Empowery founder Steve Simonson stated that Elevate’s
Cash or Coin Program came at just in time. In his words, “Luckily
we found the perfect way to learn more about cryptocurrency. We
know it will be an exciting year, with many changes already
happening. So we decided on Coinbase Prime as our crypto holder.”
Elevate’s team is making waves in the Amazon market. The company,
which has rapidly grown its portfolio of private-label goods
through deals and acquisitions over last year alone, has raised
$370 million from leading global institutional investors and
acquired 32 brands at a pace of 3-4 per month. The firm has grown
by more than 500% since it opened its second headquarters in
Austin, Texas. Elevate Brands is a company that specializes in
launching products on Amazon. They are currently ranked among the
top 100 sellers of all time, and own 32 private label brands,
including Sqribble bedding accessories for millennials. Featured
image from Pixabay, chart from TradingView.com
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