The Australian startup Incent will allow users to receive 20% payback in INCNT token every single time they purchase fuel at United Petrol stations.
This is according to a recent press release published by the company a few days ago. This 20% payback is for a limited time.
Startup To Offer 20% Payback In Crypto Rewards
The Australian firm Incent will be giving 20% back in INCNT tokens for all purchases at United Petrol stations in Australia.
Incent is a company that works in order to “build wealth” by using cryptocurrencies and blockchain technology. The firm works as a reward network and community in Australia that provides benefits to its members.
The company decided to work with United Petrol because they want to enable businesses to compete against global giants. The CEO of Incent, Rob Wilson, explained that United Petrol is a 100% Australian business who always seems to do the best by their customers.
In order for users to start earning 20% payback on their purchases, they will have to sign up to the platform and synchronize their bank account to be credited with a crypto bonus. At the moment there are more than 450 outlets in the country that would allow users to get their payback.
On the matter, Wilson commented:
“Once a user has synced their bank account, rewards are issued automatically. There are no plastic cards to remember and no friction for the customer or business. Consumers can literally save as they spend, seamlessly.”
The offer is expected to last until early October, meaning there are some few days more for individuals to participate in this promotion. Moreover, the withdrawals will be possible once users undertake a subscription to the platform.
Australian users are also able to pay for their bills using cryptocurrencies after a partnership between the payment firm Gobbill and the local crypto exchange Cointree.
Oil Prices Soar
According to the press release, Australian households are being affected by petrol price hikes. This is related to the incident that affected Saudi Arabia’s oil largest refinery, which has important economic relevance for all the world.
With the aforementioned attack, WTI Crude’s price surged by almost 15% from $54 to $62 in just a few days.
The new payback program is expected to help Australians reduce the impact of the price increase in oil prices around the world.