British FinTech startup Plutus, is providing rewards via its credit card to customers who buy from the eCommerce store of Nike. The rewards are made with Pluton, the native digital currency of the company. Users can receive additional rewards by staking their digital tokens through the company’s app.
Users have to utilize the Plutus Visa card as they shop through the web to get the benefit. The company, for its part, runs in the European Economic Area and in Britain. Plutus debuted a similar function on Skyscanner as well as Airbnb, but Founder and CEO Danial Daychopan said per the report that “all programs in the travel category have been temporarily paused by the company due to travel restrictions caused by COVID-19.”
The news comes as Nike patented what are known as “CryptoKicks” footwear, which is tokenized on the Ethereum blockchain as a non-fungible coin.