Method and system for integration of businesses' loyalty and incentive program rewards by digital currency—universal complimentary digital currency (UCDC) system

A non-transitory computer-readable medium having stored thereon software instructions that, when executed by a processor, cause the processor to generate a universal complementary digital currency for loyalty and incentive reward programs, by executing the steps of:

• (i) determining a book value (B value) and a market price value (MP value) for loyalty and incentive reward programs offered by each participating business;
• (ii) determining an estimated monetary value (EM value) value for outstanding loyalty and incentive reward program liability for each participating business to be deposited as payment in a universal complementary digital currency reserve fund by the participating business;
• (iii) determining a value of universal complementary digital currency (UCDC value) and a quantity (Q) of universal complementary digital currency to be initially issued;
• (iv) determining a payment (P) to be deposited by the participating business for the issuance of universal complementary digital currency;
• (v) determining a buy-back/credit back guarantee rate (G rate) for the participating business to sell universal complementary digital currency back to the universal complementary digital currency reserve fund;
• (vi) converting and integrating customer lists of each participating business into a universal distribution list using the participating business' loyalty program software;
• (vii) using the participating business' loyalty program software to produce abridge software and application and make the distribution list automatically;
• (viii) evaluating and modifying the participating business' loyalty program software strengths and weaknesses to produce real-time, weekly, monthly and yearly reports as needed;
• and issuing universal complementary digital currency to customers of each participating business entitled to receive loyalty and incentive rewards from the business, thereby replacing loyalty and incentive reward programs of each participating business with universal complementary digital currency.