Canadian cryptocurrency platform Coinsquare announced on Wednesday its new cryptocurrency referral program. This announcement comes just days after the company reported its acquisition of BlockEQ, a cryptocurrency wallet on the Stellar network.
“Unlike most referral programs which only reward advocates when a new user’s account is activated, Coinsquare’s program pays out each time the referred user completes an action, like funding their account, making a withdrawal, or completing a trade.”
The referral program allows users to earn Bitcoin without having to trade cryptocurrency themselves. While sharing more details, Thomas Jankowski, Chief Digital and Growth Officer of Coinsquare, stated:
“One of the biggest obstacles to cryptocurrency being mainstream is that people don’t know how to earn it; our program allows all people to build a passive income stream just by sharing a link and referring their friends and networks to Coinsquare. This is a huge step forward for anyone who wants to get involved in the cryptocurrency world, with very little effort or risk.”
Cole Diamond, CEO of Coinsquare, then added:
“Referral programs have proven to be powerful ways for people to earn passive income, and now we’re proud that Coinsquare has launched the best fintech program in the world. This program is really about empowering any person to build up income on the side. If they want to cash out and collect their money, they can. If they want to hold or trade their cryptocurrency, they can. We’re excited to help people on their paths towards financial independence, however they see fit.”