Block Rewards is a Canadian company headquartered in Kelowna, British Columbia, dedicated to assisting employers in integrating Bitcoin into their compensation, benefits, and retirement savings plans. Registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business (MSB), Block Rewards aims to make Bitcoin accessible to all Canadians, empowering individuals to control their financial futures and safeguard their wealth.
Mission and Vision
Block Rewards' mission is to help one in ten Canadians earn Bitcoin at work by 2028. Their vision is to create a Canada where money works effectively, enabling individuals to plan for the future with hope, ensuring full-time employment is sufficient for a comfortable living, and allowing people to store their wealth safely without taking undue risks to maintain purchasing power over time.
Key Strategic Focus
The company's strategic focus is on providing solutions for Canadian employers to seamlessly integrate Bitcoin into their compensation structures. This includes offering Bitcoin Savings Plans (BSPs) that allow employees to allocate a portion of their salary to Bitcoin investments, with options for employer matching contributions. Block Rewards emphasizes education and support to ensure both employers and employees understand Bitcoin and its benefits.
Technological Platform and Innovation
Block Rewards leverages a non-custodial approach, ensuring that employees maintain control over their Bitcoin holdings. The company provides a user-friendly platform that integrates with existing payroll systems, facilitating the seamless transfer of Bitcoin to employees' wallets. This approach emphasizes security and transparency, aligning with the company's values.
Leadership Team
- Scott Dedels, Co-Founder: With 15 years of experience in the employee benefits and pension industry, Scott founded Block Rewards to help organizations understand how AI and Bitcoin are shaping the workplace.
- Josh Curlett, Co-Founder: Bringing over 30 years of entrepreneurial experience, Josh has a background in product development, regulatory compliance, and startup growth across various industries, including real estate and green energy.
- Travis MacDonald, Chief Financial Officer: A designated CPA, CFA, and CBV, Travis has a background in mergers and acquisitions and has served as a fractional CFO for small and medium-sized businesses and charities.
- John Ely, Chief Innovation Officer: A lifelong builder and passionate Bitcoiner, John co-founded two profitable SaaS startups and has focused on building in Bitcoin, working in several startups before joining Block Rewards.
- Seb Bunney, Chief Information Officer: Seb is responsible for overseeing the company's information technology strategy and implementation.
Competitor Profile
In the emerging field of Bitcoin compensation and benefits, Block Rewards faces competition from companies offering similar services. However, Block Rewards differentiates itself by focusing exclusively on the Canadian market and providing comprehensive education and support to employers and employees. This niche focus allows the company to tailor its offerings to the specific needs of Canadian businesses and their workforces.
Strategic Collaborations and Partnerships
Block Rewards collaborates with various organizations to enhance its service offerings and reach. Notably, Adam O'Brien, CEO of Bitcoin Well, serves as a special advisor to the company, bringing extensive experience in the Bitcoin industry.
Operational Insights
By integrating Bitcoin into compensation and benefits, Block Rewards provides employers with a unique tool to attract and retain talent, especially among employees interested in cryptocurrency. The company's non-custodial approach ensures that employees have full control over their Bitcoin holdings, aligning with the decentralized ethos of cryptocurrency.
Strategic Opportunities and Future Directions
As Bitcoin adoption continues to grow, Block Rewards is well-positioned to expand its services and client base. The company's focus on education and support, combined with its tailored solutions for the Canadian market, provides a strong foundation for future growth. By staying attuned to regulatory developments and market trends, Block Rewards can continue to innovate and lead in the Bitcoin compensation space.
Contact Information
For more information about Block Rewards and their services, visit their official website:
Note: Specific contact details such as email addresses and phone numbers have been omitted in accordance with the provided instructions.
