{"id":17579,"date":"2021-02-10T10:04:06","date_gmt":"2021-02-10T10:04:06","guid":{"rendered":"https:\/\/www.appdupe.com\/blog\/?p=17579"},"modified":"2021-02-10T10:04:06","modified_gmt":"2021-02-10T10:04:06","slug":"coinout-clone","status":"publish","type":"post","link":"https:\/\/www.appdupe.com\/blog\/coinout-clone\/","title":{"rendered":"CoinOut Clone: Guide to Launch a Cashback & Rewards Platform like ‘Shark Tank’ investment-winning company CoinOut"},"content":{"rendered":"

We are all not very much interested in coins when compared to currency notes. Most of our wallets don’t even have a partition to hold coins. We all would have encountered a scenario where we buy something from a shop, and the shopkeeper gives us chocolate instead of the change. Most of the people don’t even eat those chocolates. We have been losing a lot of our money in change without our knowledge. That money collected could sum up to a humongous amount. None of the crowd was worried about it until the day Jeffrey Witten appeared in the Shark tank and spoke on his idea of CoinOut. Yes, this young lawyer turned entrepreneur wanted to save these changes in a wallet and provide a cashback for all the purchases made. This was the start of CoinOut.\u00a0<\/span><\/p>\n

The rise of the cashback and rewards industry<\/b><\/p>\n

The word cashback is itself an exciting one to the consumer. If a person can earn money or get a chance to buy a product at a lower price just because he spends his money on something, then why would he say no. This basic human desire to get money back from something he spends on is the basis for the rise of the cashback and rewards industry. A report states that the cashback and rewards industry has grown into $108 billion by 2020. With a constant rise in online shopping in recent times, most apps have begun to give a cashback to the user. This makes the customer come back to spend on something else, expecting a cashback.\u00a0\u00a0<\/span><\/p>\n

\"Coinout-Shark-Tank\"<\/p>\n

The Story of the Shark Tank investment winning app: CoinOut<\/b><\/p>\n

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When the whole human race kept neglecting the changes from buying a product, a young lawyer named Jeffrey Witten thought they should not be wasted but saved in an online wallet. He also provided data that said the total amount neglected as change by Americans in a year is approximately $62 million. He spoke on this idea of his in the Shark Tank investment program in February 2018. Robert Herjavoc invested $250,000 in this idea of Jeffrey Witten.<\/span><\/h4>\n<\/div>\n

He also added another feature in it, converting receipts into money. <\/span>If a person spends money on a hotel, a grocery shop, or a parlor, he can scan the shop’s receipt and get a cashback for it. This was a breakthrough. Any person earns money by just scanning a receipt of the money he spends. This feature was cool and exciting. This leads many entrepreneurs around the globe to launch a cashback and rewards app by developing a CoinOut clone app<\/strong><\/a>.<\/p>\n

The basic steps to earning a cashback using CoinOut<\/b><\/p>\n

CoinOut is a very simple, user-friendly app. It merely is a wallet and receipt scanning cashback app.\u00a0<\/span><\/p>\n