In a small coastal town just north of Brisbane, Queensland, 20 members of the Coolum Surf Club have been taking part in an initial trial of the Erth Point System, a crypto rewards platform from the Australian company Rewards4Earth.
Doug Flockhart, former CEO of Clubs Queensland, the body for community clubs in the state, spoke to Cointelegraph about how his goal is to integrate the system through over 1,000 community clubs across Australia.
Flockhart said the top professional rugby league competition, the National Rugby League (NRL) “are very keen” on the idea and for Flockhart, it “confirms the capacity of this system to deliver”. The top Australian rules football competition, the Australian Football League (AFL) has also expressed interest he added.
The Coolum Surf Club is a small community surf club that’s part of an industry that’s been battling with waning revenues. It’s hoping the crypto-rewards platform will both help the planet and allow its members and the club to mutually benefit.
Rewards4Earth works by having users create a wallet on an app and link their payment card to use in paying for goods at participating retailers. The incentive for users is cashback rewardsd with the Erth Points cryptocurrency based on a percentage of the amount they spend. Users can nominate their local club or non-profit to receive the same amount of rewards also.
It’s early days yet with just 20 members chosen to trial the proof of concept. “Out of the 20 people that are using the app in the first fortnight, there was $106 generated in fees to go back to the club before we even had businesses signed up in the area," he said. "That was just those 20 people going shopping at their local supermarket using the app and generating a revenue
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