Payments giant Visa has launched a web3 loyalty reward system it says can boost customer engagement. 

The move will give customers digital wallets that are used to collect tokenized tickets, loyalty coins, digital collectibles and other perks from brands which can then be applied to virtual and physical experiences, according to company statements. 

Users of the platform don't have to have advanced knowledge of blockchain technology to use the rewards, a Visa spokesperson told The Block, adding that "the offering makes web3 easy for both partners and consumers alike, from our partner's first-of-its-kind engagement platform to our simple 2-click mobile registration."

SmartMedia Technologies

The enterprise web3 platform SmartMedia Technologies is powering Visa's new web3 …