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GoSats Rolled Out Bitcoin Cashback Rewards Catering to Indian Customers

By Natalie Wu | August 16, 2021

Bitcoin (BTC) rewards firm GoSats has freshly introduced a new cashback rewards card, catering to India-based clients, possibly paving the way for broader crypto mainstream adoption in the nation. 

Specifically, the newly released offering is reportedly a joint project between GoSats and the National Payments Corporation of India (NPCI)  – a not-for-profit entity specializing in promoting digital payments and settlement systems India-wide. 

The GoSats rewards card – which can be tapped into via mobile app and browser extension, reportedly offers clients the ability to receive BTC-based cashback during their shopping at high-profile brands, nominally Amazon, Starbucks, and Flipkart.

GoStats was reportedly developed on Stacks – which offers Bitcoin-focused smart contracts and apps services. 

Particularly, the rewards card will reportedly take advantage of Stacks’ Clarity smart contracts and “stacking,” which equip clients with a method of earning BTC via the  STX token.

The NPCI alliance reportedly means that GoSats is planning to steer clear from any obstacles in regulation, throughout its release of the offerings. Mohammed Roshan – co-founder and current Head of GoSats – revealed that the collaboration will give his company the ability to “offer users bitcoin earning opportunities using NPCI’s existing card network”. 

“Beforehand, people could only get bitcoin cashback on specific brands through our app but now can earn cashback in bitcoin on every spend.”

Established in February this year, GoSats has successfully amassed more than 15,000 customers in half a year, highlighting the botched demand for virtual asset offerings throughout the nation.

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