MegPrime Launches Utility Rewards Program for Rent, Mortgages, and Recurring Bills Following SEC Staff No-Action Letter

DALLAS, TX, August 27, 2026 (EZ Newswire) -- MegPrime has launched its MPP Token rewards system across rent, mortgage, car, and bill payments, giving consumers a way to earn crypto on purchases they were already making. The launch follows the issuance of a staff No-Action Letter from the SEC’s Division of Corporation Finance confirming that the MPP Token functions as a non-security utility and payment token.

Homeownership in the United States has been considered out of reach for many Americans. According to a housing market analysis from J.P. Morgan Private Bank, home prices have climbed roughly 60% since 2019, and mortgage rates remain near 7%, effectively locking out an entire generation of buyers. While most financial platforms have responded with budgeting tools and savings calculators, MegPrime is taking a different approach by rewarding consumers for spending they are already doing. 

A First in Regulations Sets the Precedent

In January 2026, MegPrime received an SEC staff No-Action Letter, which is one of only a handful ever issued for any crypto token and the first ever granted to a universal payments token. The SEC staff response confirmed it would not recommend enforcement action, based on MegPrime’s representations that the token is designed for consumer utility, carries no expectations of profit or governance rights, and is marketed strictly as a consumer reward and payment mechanism.

Most crypto tokens operate in a gray area that makes institutional partnerships, consumer trust, and mainstream adoption difficult to build. MegPrime prioritized regulatory clarity before scaling, a deliberate choice that reflects the background and approach of its founders. 

MegPrime was co-founded by Zach Ipour and Aaron Ipour. The platform’s Z5 Protocol is central to how MegPrime makes crypto payments practical. It allows a consumer to initiate a payment in crypto while the recipient, a landlord, lender, or billing company, receives the funds in conventional fiat currency deposited directly into a bank account. That means renters can earn MPP Token rewards without requiring their landlord to accept crypto. 

How the Rewards Model Works

Eligible users at MegPrime’s partnered Max Properties may earn up to 20% back in MPP Tokens on recurring expenses. Car payments earn 5% back, or a flat $200 in MPP Tokens per month for two years when made through a qualifying partner dealer. 

Under the platform’s RentForward program, consistent payment histories through the app may qualify participating users for down payment assistance credits ranging from $12,000 up to $25,000 on select partner home purchases, subject to program terms and property availability.

XRP Integration Launches Soon

MegPrime is developing functionality within its app to allow users to convert earned MPP Token rewards into standard digital assets, including USDC and XRP, subject to platform availability and regional regulatory requirements. The addition opens the platform to a large and active segment of the crypto community that has been waiting for real-world utility tied to XRP beyond trading. 

A Different Kind of Crypto Platform

With greater regulatory clarity and the XRP functionality launch, MegPrime is making a direct case that a crypto token built around everyday expenses can compete for the same consumers that have cash-back credit cards and traditional reward programs, while offering offering a novel alternative that connects daily household expenditure to developer-backed housing purchase incentives. 

MegPrime products, services, rewards, promotions, eligibility, and availability are subject to applicable terms and conditions and may change. See MegPrime’s Terms of Service for additional information.

About MegPrime

MegPrime is a financial technology platform powered by digital currency that helps individuals turn everyday expenses into real-world value and long-term financial progress. Designed as a universal payment ecosystem, MegPrime connects routine monthly expenditures — including rent, utility bills, and mortgage payments — to a unified rewards program that expands pathways to homeownership and household savings. By combining real estate expertise with digital currency infrastructure, MegPrime enables users to earn rewards on their daily spending while offering seamless on-ramp, off-ramp, and direct payment capabilities. For more information, visit megprimepay.com.

Disclaimer

This press release is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation for any security, digital asset, or financial product. The SEC staff No-Action Letter referenced herein represents the non-binding response of the SEC staff based solely on the specific facts and representations presented by MegPrime; it does not constitute an endorsement, official rule, or legal determination by the Commission itself. Digital assets, including the MPP Token, involve market risks and volatility. Program availability, reward percentages, down-payment credits, and partner integrations — including planned XRP functionality — are subject to eligibility criteria, partner participation, and applicable Terms of Service, which may change without prior notice.

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