In the hotel and
even flexible currencies such as American Express membership rewards, the fact that there are many loyalty programs that cater to US consumers allows more cards in the US to be sponsors with smaller loyalty programs.
Not exact matches
What's more, the Citi strategists doubt whether the world
even needs a new version of gold, when governments long ago stopped pegging the value of paper
currency to the metal: «Is a fixed supply of money, a digital gold standard, really superior to a
flexible money supply?»
Citibank deserves kudos for working hard to improve their program,
even though I wrote a takedown of it a few months ago as part of my series on the downsides of
flexible reward
currencies (see «Just How Terrible Are Citi ThankYou Points?
In fact, I already covered a lot of the negatives of Starpoints in my series last year on the downsides of all the
flexible loyalty
currencies (see «Wait, Maybe SPG Starpoints Are The Worst Points Ever «-RRB- and I don't want to repeat myself here,
even though that would make things super easy and I would be able get back to my primary task of waiting impatiently for football season to start.
And taking the analysis
even further, is it ever worth transferring a
flexible bank
currency to a hotel chain like Hilton or Marriott or IHG when their points are usually worth less than 1 cent each at best?
You'd be better off with a card that has a more
flexible currency or
even a simple cashback card.
Membership Rewards used to be something special, but now others have caught up and
even surpassed it as a
flexible mileage
currency.
Even with
flexible currencies, you'll often have redemptions worth closer to 2 - 3 cents per point unless you're doing nothing but traveling internationally in business class (and I agree there are some people like that, but not most people).
The service is
flexible and practical — clients can
even send Bitcoin and other crypto
currencies over email.
Coinbase and other markets can trade Bitcoin for USD and other
currencies deposited directly to single - use debit cards or gift cards, or
even into more
flexible systems like PayPal, generally for a much higher fee.
As Ethereum evolves into a more
flexible and functional network, it would allow central banks such as the People's Bank of China (PBoC) and Bank of Russia to consider the actual possibility of building serious applications and
even national digital
currencies on top of the Ethereum protocol.