THG has completed the roll-out of the Bitcoin-powered Mode payment and rewards solution across all of its owned-brands including Lookfantastic and Myprotein.<\/p>\n
<\/p>\n
The move, announced earlier this year, has been completed months ahead of schedule, following a \u201cheavily accelerated\u201d drive.<\/p>\n
All of THG\u2019s 30-plus owned brands now offer Mode as a payment option at checkout, giving customers the opportunity to build up a holding in Bitcoin through Mode\u2019s cardless QR code based payments method.<\/strong><\/p>\n Mode allows shoppers to make instant payments and rewards them with Bitcoin Cashback - immediately after purchase - via the Mode app.<\/p>\n Mode has also launched a checkout feature for shoppers who do not have the app, which leverages Open Banking technology to allow them to also make seamless payments via their bank account, and earn instant Bitcoin Cashback at THG brands.<\/strong><\/p>\n THG shoppers checking out with Mode for the first time will receive 10% Bitcoin Cashback while existing customers will receive 5% for new and repeat purchases.<\/p>\n Mode CEO Ryan Moore said: \u201cWe\u2019re delighted to bring about the next generation of retail payments and loyalty, in partnership with THG\u2019s globally renowned tech platform, THG Ingenuity.<\/p>\n \u201cConsumers can pay via Mode, and accrue instant Bitcoin rewards which they can safely store via our trusted, FCA registered app.<\/p>\n \u201cThis marks a step forward in delivering on our aim to make Bitcoin accessible to all and put it in the hands of as many people as possible.<\/p>\n