Burger King collabs with Robinhood to offer free crypto assets
Fast-food giant Burger King has now partnered with popular investment app Robinhood to offer crypto rewards to its Royal Perks loyalty members. The rewards include cryptocurrencies Ethereum, Dogecoin, and Bitcoin.
According to its website, users are required to have a Robinhood crypto account and make at least a $5 purchase to become eligible for the giveaway. In addition, users are required to make their purchase via the Burger King app, website, or in-store using a code given at the participating locations
The companies are offering one coin each amongst 20 BTC, 200 ETH, and 2 million DOGE to customers eligible for the above conditions. The majority of the loyalty customers would receive Dogecoin since the odds of receiving Bitcoin is 100,011 to 1 and the odds of receiving Ethereum is 10,000 to 1.
The announcement came just as Robinhood announced its Q3 financial results which revealed a 78% fall in revenue for the investment app. While the company recorded a revenue of $231 million in Q2, it recorded just $51 million in the third quarter.
In addition, the company also reported a net loss of $1.32 billion, nearly double the loss Wall Street analysts were expecting from the app.
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