Lukas Bryson's Contact Details

Lukas Bryson's Company Details

Kingaru Foundation

Tallinn, Harju County, Estonia • 11 Employees
Financial Services

Kingaru (KRU) is a project that seamlessly integrates cryptocurrency into the e-commerce and travel industries and gives consumers a universally accepted rewards program. Cryptocurrencies' actual world use is still quite limited. Tesla accepted Bitcoin for a while but no longer does, and Amazon, Walmart, and other large retailers never have. Services are getting better as time goes on, but a few issues remain. First, some of the largest and most popular cryptocurrencies, such as BTC and ETH, their transaction confirmation speeds are far too slow to accommodate e-commerce purchases and travel site bookings. Second, while multiple businesses have loyalty and rewards programs, very few have programs where the rewards have utility beyond the platform that granted them. Kingaru would both be accepted as payment on e-commerce sites and given out in rewards. On Kingaru integrated platforms, users could earn additional Kingaru rewards on every purchase. They could use those rewards for other purchases on any Kingaru integrated platforms or send them to a cryptocurrency exchange or decentralized application and exchange for fiat currencies. The vendor wins by accepting KRU because of reducing credit card transaction fees and negating any risk of a chargeback and being part of the overall KRU ecosystem. The consumer wins because their KRU has utility and their purchase rewards are portable to various merchants across the globe. Eventually, we will allow other applications with customizable reward programs to be built on top of the Kingaru Blockchain Network. Kingaru (KRU) is the native coin of the Kingaru Blockchain Network, a proof of authority blockchain that is EVM compatible.