In our previous articles, we discussed the importance of creating liquidity between rewards programs assets and digital currencies. Gaining liquidity between assets that have previously been trapped within silos is crucial for many reasons, but one stands tall above the rest.

Creating, Rather Than Destroying, Liquidity Between Assets

Enabling liquidity between silo-ed assets creates unrivaled value for both merchants and shoppers. Imagine the untold amounts of travel mileage points, supermarket loyalty cards, and gift cards circulating without being spent. When shoppers change their habits, move away, or otherwise stop frequenting the same merchants, all of that value is essentially lost.

Because you can’t spend travel mileage for airline group A with airline group B, but you usually only travel with group B, that mileage stays frozen within group A’s silo.

That’s an unfortunate situation for both the airlines and travelers. The airlines don’t get the extra passenger, and the traveler doesn’t spend the value accrued in their account. So, when we talk about unlocking liquidity, we are directly referencing the value that is stuck within loyalty schemes, rewards programs, and more.

Turning Rewards Points Into Flexible Currency

When value is represented by a fiat asset like USD, EUR, JPY, CNY, or SGD, it can easily be spent or exchanged anywhere. However, when value is represented as Amazon Reward Points, a Starbucks gift card, or Delta Air SkyMiles, there is a restricted circle of possible spends available to the shopper.

What if you could take those restricted points and trade them for a highly liquid digital currency spendable amongst a vast network of merchants — or exchanged for cash?

ChatTee Is Freedom for Shoppers and Merchants

That’s the question we asked ourselves when we began developing ChatTee, a wonderfully simple blockchain platform for exchanging and spending rewards points.

ChatTee’s premise isn’t too complicated — even if its underlying technology is as sophisticated as a fine wine. Here at TEE-coin, we believe in the inherent value rewards programs and loyalty points bring to both merchants and consumers.

As outlined in the previous sections, rewards points and programs keep their value locked into a corresponding ecosystem. Value silos operate to the detriment of everyone involved, which signals that restricting value to one vertical is an outdated model.

Going forward, financial technologies should create value, not hold it back. That’s precisely what ChatTee, in concert with its native token TEE-coin, does.

Suppose that you have accrued travel mileage with American Airlines, loyalty points at Nordstrom’s, and a few gift cards from places like Whole Foods and Books Kinokuniya. The trouble is, you don’t shop at the places you have gift cards for, and after a move overseas, won’t be flying American Airlines any longer.

Ordinarily, you’d be stuck with tons of potentially valuable points. Luckily for you, ChatTee breaks down the walls by allowing you to trade your points, gift cards, and reward program credits for TEE-coin. With TEE-coin, you have access to a merchant network totaling 40,000+ retailers and counting.

Additionally, ChatTee rewards you in TEE-coin every time you leave those merchants a review, which gives you credit for future spending.

Not bad, right? Join us at tee-coin.com to read about all the ways ChatTee can work for you.