Provide Corporate Vouchers and Rewards

Use Cases

About

Use Case Category	Use Case Description
rCBDC	This use case explores corporations using programmable money tied to a digital currency to provide targeted vouchers, rewards and incentives to consumers. Conditions can be embedded to direct or faciliate or restrict spending.

Description

Key Stakeholders:

• Corporations issuing vouchers/rewards

• Consumers receiving vouchers/rewards

• Merchants accepting vouchers/rewards

• Digital currency issuer

Story:

1. Corporation issues targeted vouchers/rewards as programmable money

2. Consumers receive programmable money into banking apps

3. Consumers spend programmable money at approved merchants

4. Merchants accept and validate programmable money

5. Digital currency is transferred to merchant after validation

6. Merchant provides goods/services to consumer

7. Merchant can redeem digital currency after fulfilling obligations

Preconditions:

• Corporations want to provide targeted vouchers or rewards

• Digital currency and programmable money platform exist

• Merchants are enrolled to accept vouchers/rewards

Postconditions:

• Consumers receive and spend vouchers/rewards as intended

• Merchants receive payment in digital currency after validating conditions

• Corporations gain visibility into spending

Key Benefits:

• More targeted and restricted vouchers and rewards

• Automated validation of voucher/reward conditions

• Interoperability across platforms

• Enhanced user experience

• Faster settlement for merchants

• Better visibility into spending

• Easier tracking and accounting

Example Solution Provider

Ripple: https://ripple.com/insights/exploring-home-equity-lending-and-settlement-with-cbdcs/

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