This Bitcoin ‘use case’ might incentivize users in unexpected ways

On a recent podcast, the Co-founder of Finder Fred Schebesta vowed to give away Bitcoin worth $5 to every Australian who gets “vaxxed”(vaccinated). Schebesta, an entrepreneur worth more than $200 million, is offering to give away $100 million worth of Bitcoin to Australians who take their Covid-19 vaccines.

Kyle Sandilands, the artiste behind the ‘Get Vaxxed Baby’ rap video, also shared the update. The music video in question is among many encouraging young people to get the vaccine.

This is how we want to help the world get back to normal. Starting with Australia ??

Get vaxxed baby and get your #bitcoin baby!https://t.co/a5JbnRgWG1@findercomau @KIIS1065 @kyleandjackieo #covid19 #vaccinations #australia pic.twitter.com/ZoHuJpwSuk

— Fred Schebesta (@Schebesta) August 17, 2021

By doing so, the entrepreneur also seeks to incentivize people to start investing in cryptocurrencies, while also paying attention to their finances.

Schebesta, while discussing the campaign, added,

“We’re going to give everyone in Australia who gets vaccinated $5 of Bitcoin. Get vaxxed baby, and get your Bitcoin baby as well… Vaccination is our path out of lockdowns so we want to do everything we can to support Australians. We want to reward you for getting the COVID vaccine and what better way than to give away some Bitcoin.”

It’s worth noting, however, that the exec has been bullish about the world’s largest crypto for a long time now. In fact, despite its recent price corrections, Schebesta predicted that it would be worth $338,000 by 2025. More people embracing decentralized finance to do transactions instead of bank accounts will fuel this, he said.

Cryptos and pandemic relief

Schebesta’s efforts aren’t the only Covid-centric efforts that are using Bitcoin and cryptos. For example, another initiative called ‘Bitcoin Pizza for COVID-19 relief‘ was introduced recently to curb the pandemic.

What’s more, Binance Charity donated around $200,000 worth of crypto-contributions to relief efforts in countries like India. Even Ethereum Co-founder Vitalik Buterin contributed around 100 ETH and 100 MKR to the same cause.

Having said that, giving incentives in crypto can take a dark turn as well. Consider this – According to local reports, doctors in the Indian state of Karnataka have claimed that many VIP patients were offered COVID-19 “vaccines” in exchange for Bitcoins on the black market.