In this guide, Steven Wright, the engineer, lawyer, professor, and entrepreneur, covers everything you need to know about blockchain customer reward programs and their feasibility in today’s environment. Find out more at https://www.drstevenawright.com/
Macadamia Solutions LLC City: Marietta Address: 1404 Valmont Ct NE Website https://www.DrStevenAWright.com Phone +1-770-881-4743 Email steve@macadamiasolutionsllc.com
Crypto Loyalty Tokens : How To
Structure Reward Programs
If you’ve been considering a blockchain-
based customer rewards program for
your business, you’re not alone.
But there are a few things to consider
that you might not have thought of –
and getting the setup right will be key
to adoption and success.
Steven Wright is a blockchain expert,
and his report underscores the need for
you to carefully examine applicable
regulations before implementation.
Customer loyalty programs have been around
for centuries, with early origins tracing back to
the 1700s and 1800s when suppliers would
issue tokens that could later be redeemed.
As the guide notes, there are parallels
between these traditional loyalty programs
and modern frequent flyer miles, which are
sometimes treated as a pseudo-currency.
With the IRS increasing
enforcement of cryptocurrency
transactions, some businesses
have proposed crypto loyalty
programs as a way to avoid
tax complications.
But just as accrued frequent flyer miles have been
deemed taxable by the IRS in certain cases, crypto
loyalty tokens would likely face the same treatment – so
caution is advised!
Find out more at
https://www.drstevenawright.com/
Structure Reward Programs
If you’ve been considering a blockchain-
based customer rewards program for
your business, you’re not alone.
But there are a few things to consider
that you might not have thought of –
and getting the setup right will be key
to adoption and success.
Steven Wright is a blockchain expert,
and his report underscores the need for
you to carefully examine applicable
regulations before implementation.
Customer loyalty programs have been around
for centuries, with early origins tracing back to
the 1700s and 1800s when suppliers would
issue tokens that could later be redeemed.
As the guide notes, there are parallels
between these traditional loyalty programs
and modern frequent flyer miles, which are
sometimes treated as a pseudo-currency.
With the IRS increasing
enforcement of cryptocurrency
transactions, some businesses
have proposed crypto loyalty
programs as a way to avoid
tax complications.
But just as accrued frequent flyer miles have been
deemed taxable by the IRS in certain cases, crypto
loyalty tokens would likely face the same treatment – so
caution is advised!
Find out more at
https://www.drstevenawright.com/