Neat: CoinJar Launches New Invite-a-Friend Program

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Admittedly, yes, it is a slow news day. Let’s get that out of the way.

But potentially of interest to our readers from the land down under is Australian bitcoin company CoinJar’s new invite-a-friend program. It’s exactly as it sounds: any CoinJar users who gets a friend signed up and ‘identified’ (which we assume to be verified), CoinJar will pay out $5 to each of the parties involved.

The way it works, according to today’s CoinJar blog post, involves the already-joined user heading up to the ‘Filler’ section of the CoinJar site where they would ordinarily go to buy bitcoin.

In the lower left-hand menu, there will be a purple ‘Invite a friend’ button (which you can see pictured above). A code is generated, and it’s then up to the user to distribute the code to their friends in order for both parties to benefit.

It’s a great idea, and the plan is to get a slew of new users on board to CoinJar’s services.

The Melbourne-based company acts as a Coinbase in Australia, allowing consumers to easily buy and sell bitcoin. The company, like Coinbase, also processes bitcoin payments for business customers. Over $40 million has been processed by CoinJar in the past year.

And CoinJar isn’t the only company offering free money to attract a user base. Boston-based Circle Internet Financial recently announced they’ll be funding new wallets with $10 — the only issue being the service is in beta, and seemingly very few individuals have an invite.

For more information, see today’s CoinJar blog post.