What is réBit?
réBit is a centralized reward system, incentivizing the use of BitCoin as well as helping merchants to retain returning customers.
How does it work?
Like credit card reward, merchants give back 3% of every purchase in the form of rB, and réBit controls the customer database. Customers can use rB in any participating merchants, but gets better deal when returning to the issuing merchant. (each rB is 1:1 redeemable at the issuer, but is only worth 66% at other merchants)