CashBag.co is a transactional cash back aggregator that enables consumers to secure discounts and cash back for shopping and transacting online at thousands of participating global merchants. For each transaction concluded CashBag members earn cash back which is collected by CashBag from the participating merchant, accrued to the member wallet and paid out in at to linked bank or PayPal accounts.
CashBag will through this token issue add a feature rich environment to its platform, including an ERC20 compliant wallet which will enable features such as at / token conversion, advertising purchases, member rewards accumulation and redemption, instant transfers and the ability for members to transact both within CashBag and with any other ERC20 compliant wallet.
Ethereum underpinning technologies enable CashBag to empower its members to own, earn and trade tokens without requiring them to understand any of the underlying infrastructure. This will drive up adoption and use of the token, increase market liquidity and enable tradability.
The surge in adoption of cryptocurrencies & tokens as an investment and trading class will be exponentially increased when non-technical consumers can earn and use these currencies without having to understand the fundamentals of mining, cryptocurrency, blockchain or any other deeply technical terminology.
Utilizing blockchain transaction authentication & smart contracts CashBag will not only revolutionize its transactional capability but enable instant settlement, disrupt the market and speed up consumer mass adoption.