Ocado, Homebase, Boots onboard with Mode Bitcoin cash back scheme

UK-based FinTech Mode is teaming up with over 40 merchants, including Ocado, Homebase and Boots, to offer Bitcoin cashback on purchases.

The scheme, which is presently live with THG and L.K. Bennett, offers a percentage of a purchase’s value back in Bitcoin (presently between 5% - 10%).

Customers will be able to browse cashback offers on the Mode app before going to the selected retailer’s website to buy items.

The Bitcoin will be credited into their Mode account, where they can store the asset or tap the company’s FCA registered exchange in a bid to grow their Bitcoin.

😎 In case you missed it, we've now scrapped our trading fees when you buy or sell #Bitcoin with #Mode.

In our latest blog we discuss the decision behind this exciting move, and what this means for anyone joining the Bitcoin movement 👇https://t.co/qYVkxONlrP

— Mode (@modeapp_) November 17, 2021

Ryan Moore, CEO at Mode, comments: "I am delighted to announce the development of our Bitcoin Cashback offering as a standalone product, following the fantastic response from our customers, and accelerating appetite for the cryptocurrency.”

“This marks a major step in making the asset class more accessible to consumers of all demographics, ultimately bringing Bitcoin into the hands of millions of customers across the UK.”