VANCOUVER, BC / ACCESSWIRE / May 3, 2017 /
CoinQx Exchange LIMITED, a wholly owned subsidiary of FIRST BITCOIN
CAPITAL CORP (OTC:BITCF or "Company", "We", "Us" or "Our") through
its CEO filed for patent protection this week in order to move
trillions of travel points into the cryptocurrency world.
- The reward points business for the travel industry alone is so
staggering in size that according to (Maritz)
$48 Billion worth of points and airline miles are classified as
unredeemed.
Already trillions of reward points have been issued and redeemed
worldwide for all industries.
In order to capitalize on this booming industry, our CEO, Greg
Rubin, an inventor with several patents approved by the USPTO has
filed on our behalf a provisional patent that is designed to grant
protection from competitors placing rewards points on a
blockchain.
We have already issued billions of rewards points on the bitcoin
blockchain to be redeemed by the future clients of a new travel
agency that First Bitcoin is rolling out this month via
www.BitClassTravel.com
What makes our reward points unique is that they can be bought
and sold in cryptocurrency markets. We anticipate that our
competitors will find their travel agencies accepting our rewards
tokens to compete. A secondary market could emerge for this new
form of reward points as digital currencies. Complete details of
the usages and crypto miles issued will soon be found at
http://AIRmilesQX.com
In addition to being the first public in the blockchain space,
First Bitcoin has distinguished itself as a crypto leader capable
of moving at lightning speed to roll out new endeavors so much so
that our crypto reward tokens are already tradeable as altcoins on
the OMNIDEX against some of the leading cryptocurrencies such as
Tether, MaidSafeCoin, Omni, including all altcoins our subsidiary
has issued on the Bitcoin Blockchain, to date. Many of these new
mileage coins will be tradeable on our subsidiary cryptocurrency
exchange, CoinQX.com, against more than 100 crypto and fiat
currencies, including Bitcoin.
A complete list and details of these reward tokens for airline
miles will be released in an upcoming news release covering 100 of
the largest airlines and top hotel chains.
AIRmilesQX will change forever frequent travel loyalty
programs.
Many airlines offer frequent-flyer loyalty programs to encourage
customers to accumulate "miles" which airline customers can redeem
to purchase air travel or other rewards. Points, or miles earned
though those programs are based on complex rules, like class of
fare, distance, season or the amount paid. There are also many
other ways to earn points. For example, credit card issuers partner
with airlines and award loyalty points or miles based on customer's
credit card usage. Points can be redeemed for air travel, ticket
upgrades, booking hotels, car rentals, magazine subscriptions
etc.
Frequent-flyer program points are in essence a type of virtual
currency, but unfortunately it was a one way process –people could
purchase points with national currencies, but were not able to
exchange back into those currencies.
Airline miles programs go back to the early 70's when United
Airlines began to reward loyal customers with points that could be
accumulated and later could be used to pay for air travel. Their
programs have evolved over the last 20 years, but it is not easy to
use those programs.When travelers actually try to book a flight,
they encounter major hurdles, like-blackout dates (days when award
seats are limited or unavailable). Every airline program has its
own policies, procedures, restrictions, etc. Also airlines and
credit card issuers are constantly changing the rules and policies.
Several Airlines, for example, recently increased the minimum
number of miles needed to book some of their flights.
Research published by COLLOQUY, a leading provider of loyalty
marketing research in 2015 indicates that U.S. consumers hold 3.3
billion memberships in customer loyalty programs, a 26% increase
over the number of memberships reported in COLLOQUY's prior census
study in 2013. The 2015 Census shows that specialty store loyalty
memberships now total 434 million, exceeding airline frequent flyer
memberships (356 million) for the first time, placing second only
to credit card reward programs, which account for 578 million
memberships.
According to the U.S. Department of Transportation's Bureau of
Transportation Statistics, year over year air travel increased by
5.5% from 2015 to 2016. COLLOQUY survey found that a little more
than half of Americans – 55% – have taken a flight for business or
leisure purposes in the past two years. And three-fourths of
respondents, 75%, said their most recent flight was within the past
six months. Another noteworthy statistic is that 60% of frequent
traveler miles issued today are not earned but instead
purchased.
Points accumulating in loyalty programs globally are considered
by some as real currencies with increasing value that have
attracted the attention of criminals, per Barry Kirk, vice
president of Loyalty Solutions for Maritz Motivation Solutions. In
the US alone, 3.3 billion loyalty program memberships have stored
points and miles worth an estimated $48 billion, according to the
Gartner Group.
BLOCKCHAIN will CHANGE customer loyalty programs forever by
giving more control to rewards owners and reducing fraud through
the transparency of blockchain technologies. First Bitcoin Capital
Corp trading on the OTC Markets as BITCF has developed a unique
Blockchain based airline miles platform, allowing people to
buy/exchange/trade/transfer miles without any restrictions,
blackout days or other cumbersome rules that airlines impose on
their programs.
The following statistics may be of interest to our loyal
shareholders:
2016 Travel Loyalty Statistics
- $48 billion worth of points and airline miles are unredeemed
(Maritz)
- 75% of travelers are willing to share personal information,
such as gender, age and email address, in exchange for tailored
promotions, coupons, priority service or loyalty points (Zebra
Technologies)
- 46% of loyalty program members said they like the ability to
earn points on everyday spending with their airline loyalty program
(Collinson Latitude)
- 47% of loyalty program members said they like the ability to
earn points on everyday spending with their hotel loyalty program
(Collinson Latitude)
- 29% of men have used an airline rewards program in the last
three months vs. 20% of women (Vantiv)
- 75% of U.S. consumers would be open to using a site operated by
a loyalty program if it allowed easy itinerary adjustments
(Colloquy)
- 83% of U.S. consumers would be open to using a site operated by
a loyalty program if it were easy to use (Colloquy)
- 69% of U.S. consumers would be open to using a site operated by
a loyalty program if it allows for paying all travel expenses with
loyalty points (Colloquy)
- 59% of U.S. consumers would be open to using a site operated by
a loyalty program if it had a mobile app (Colloquy)
- Nearly 40% of "digital native" Millennials rely on mobile apps
to track and redeem their rewards, while across all age groups, the
use of plastic membership cards dropped by 4% during 2016
(Excentus)
- 69% of U.S. consumers would be open to using a site operated by
a loyalty program if it provides info about planned travel
destinations (Colloquy)
- 64% of U.S. consumers would be open to using a site operated by
a loyalty program if it kept track of travel preferences
(Colloquy)
- 56% of U.S. consumers would be open to using a site operated by
a loyalty program if it provided personalized travel
recommendations (Colloquy)
- 53% of U.S. consumers would be open to using a site operated by
a loyalty program if it offered customization of in-flight
amenities (Colloquy)
- 76% of business travelers said they would extend their business
trips for leisure if their hotels offered discounts for additional
nights or the chance to have a friend or family member join at a
discounted rate (Colloquy)
- 92% of business travelers cited that ease of redemption would
get their attention, 84% cited convenience of schedule holding
appeal and 73% cited ability to personalize in-flight services
(Colloquy)
- 81% of business travelers cited a higher level of service as
having an impact on their evaluation of a loyalty program
(Colloquy)
- 19% of consumers would skip their plans if they were to
encounter added charges when booking with loyalty points
(Colloquy)
- 40% of passengers picked their airport based on the airport
loyalty program (ICLP)
- When choosing an airport, Generation X (44%) and Millennials
(41%) are much more influenced by airport loyalty programs than
Baby Boomers (31%) (ICLP)
- 80% of U.S. airline loyalty program members are inactive
(Skift)
- 61% of travelers look for loyalty programs with a broad
spectrum of rewards (Collinson Latitude)
- Major hotel chains increased loyalty program members in 2015 by
13.1% compared with 2014 (Skift)
- 71% of travelers think the value of a loyalty program decreases
if it offers a limited range of rewards (Collinson Latitude)
- 77% of travel loyalty program members continued to spend with a
brand and earn further points following a redemption on non-core
inventory, compared to just 71% who redeemed on flights and hotels
alone (Collinson Latitude)
- 42% of travelers believe that loyalty programs offering only
core inventory rewards are "dated and old-fashioned" (Collinson
Latitude)
- 40% of travel loyalty program members would tell friends and
family about a program following a positive redemption experience
(Collinson Latitude)
- 33% of travel loyalty program members would actively encourage
family & friends to join the program following a positive
redemption experience (Collinson Latitude)
- 48% of Millennials report loyalty programs are important when
booking flights and 51% say they use them when booking hotels
(Diamond Resorts)
- 39% of Millennials agree: "I don't think it's worthwhile to
sign up for loyalty programs" (ADARA)
- 68% of Millennials will remain loyal to a program that offers
them the most rewards (Internet Marketing)
- 75% of Millennials will remain loyal to a hotel brand even if
they lost all reward points (Internet Marketing)
- 41% of Millennials joined a travel loyalty program because it
was easy to use (Internet Marketing)
- Top hotels in terms of customer satisfaction: Hilton, Marriott,
Hyatt (ACSI)
- Top hotel loyalty programs based on customer satisfaction:
Hilton HHonors, Marriott Rewards, IHG Rewards Club (JD Power)
- 83% of highly satisfied hotel loyalty program members say they
"definitely will" recommend the brand (JD Power)
- 77% of hotel loyalty program members say their program is
equally as valuable as it was in 2015; 11% say their program is
less valuable than the year before (JD Power)
- 40% of customers choose hotel loyalty programs based on
convenience of locations (JD Power)
- 55% of the affluent middle class hold frequent flyer
memberships, down from 65% in 2014 (Collinson Group)
- InterContinental Hotels Group's IHG Rewards Club is the world's
largest hotel loyalty program with more than 92 million members as
of December 31, 2015 (Skift)
About the company:
First Bitcoin Capital is engaged in developing digital
currencies, proprietary Blockchain technologies, and the digital
currency exchange- www.CoinQX.com. We see this step as a tremendous
opportunity to create further shareholder value by leveraging
management's experience in developing and managing complex
Blockchain technologies, developing new types of digital assets.
Being the first publicly-traded cryptocurrency and
blockchain-centered company (with shares both traded in the US OTC
Markets as [BITCF] and as [BIT] in crypto exchanges) we want to
provide our shareholders with diversified exposure to digital
cryptocurrencies and blockchain technologies. At this time the
Company owns and operates more than the following digital
assets.
www.CoinQX.com cryptocurrency exchange, registered with
FINCEN.
www.strain.ID cannabis strains genetic information depository on
decentralized Blockchain
www.iCoiNEWS.com real time cryptocurrency and bitcoin news
site.
www.BITminer.cc providing mining pool management services.
www.2016coin.org online daily election coverage and home page
for $PRES, $HILL, $GARY& $BURN -commemorative presidential
election coins.
www.bitcannpay.com Open Loop merchant services for
dispensaries.
List of most Omni protocol coins issued on the Bitcoin
Blockchain and owned by the Company:
http://omnichest.info/lookupadd.aspx?address=1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS
Second Omni wallet owned by CoinQX reflecting our airline
mileage tokens issued:
http://omnichest.info/lookupadd.aspx?address=1VuF26AgLyQ4tBoGzYTWRqtDG9zCB7QXe
Forward-Looking Statements
Certain statements contained in this press release may
constitute "forward-looking statements." Forward-looking statements
provide current expectations of future events based on certain
assumptions and include any statement that does not directly relate
to any historical or current fact. Actual results may differ
materially from those indicated by such forward-looking statements
as a result of various important factors as may be disclosed in
company's filings. In addition to these factors, actual future
performance, outcomes, and results may differ materially because of
more general factors including (without limitation) general
industry and market conditions and growth rates, economic
conditions, and governmental and public policy changes. The
forward-looking statements included in this press release represent
the Company's views as of the date of this press release and these
views could change. However, while the Company may elect to update
these forward-looking statements at some point in the future, the
Company specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing the Company's views as of any date subsequent to the
date of the press release. Such forward-looking statements are
risks that are detailed in the Company's filings, which are on file
at www.OTCMarkets.com.
Contact us via: info@bitcoincapitalcorp.com or visit
http://www.bitcoincapitalcorp.com
SOURCE: First Bitcoin Capital Corp.
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