Bithumb Launches OK Cashbag Bitcoin Double Rewards Service

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Bithumb said on Oct. 15 that it has officially launched the OK Cashbag Bitcoin Double Rewards service in partnership with integrated mileage platform OK Cashbag, linking everyday spending with Bitcoin rewards.

The service became available on Oct. 14. Users who consent to the partnership can automatically accumulate Bitcoin when they earn points at cashback affiliate merchants and through the app. That allows users to build Bitcoin holdings through their usual payment activity without placing separate buy orders or making additional deposits.

The partnership offers different benefits depending on the user type. Existing Bithumb members receive Bitcoin worth about $0.04 for every 50 OK Cashbag points earned. The cap is about $0.07 a day and about $2.20 a month.