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.