How they describe themselves: Bucket is a technology platform that integrates with existing POS systems to facilitate coinless cash transactions at retail locations. On a mission to accelerate humanity’s transition to a digital economy, Bucket will be the first global aggregator of coin currency value, thus alleviating the stresses associated with the production, distribution, and handling of physical coins by consumers and retailers alike. By mobilizing the value of coins, Bucket is empowering individual consumers and reinjecting idle cash into the global economy.
How they describe their product/innovation: With Bucket, consumers can digitally deposit the coin value of their change into a secure account, every time they pay with cash. The Bucket transaction is done in 3 easy steps:
- Spend cash as you normally would and ask to “Bucket the change.” You’ll receive any paper bills owed back to you and your Bucket receipt.
- Scan the QR code on your receipt to deposit your change whenever you’d like.
- Once your Bucket account reaches $50 from accumulated change, you can cash out to a prepaid card, gift card, or donate to a charity.
Think of Bucket as removing the need to handle coins ever again, and as the new digital piggy bank for consumers.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)