App for Bitcoin Reward In India, GoSats has teamed up with the National Payments Corporation of India (NPCI) to create a new cashback reward card.
Customers may use the GoSats reward card to receive a percentage of cash back in the form of BTC when they pay using mobile apps or browser expansion programs on well-known retail platforms like Amazon, Starbucks, and Flipkart.
Customers may develop apps, smart contracts, and digital assets linked with Bitcoin’s security, capital, and network Coins to earn BTC using GoStats, built on an open layer one network Stacks that link to Bitcoin.
Stacks’ token STX has increased 9.59 percent to $1.50 in the last 24 hours, according to Coinmarketcap.
STX is presently ranked 65th in terms of market capitalization, with a value of $1,813,769,454. Bitcoin has increased by 13.91 percent in the last week, thanks to its three-month high.
By integrating the current NPCI card network, GoSats’ CEO and co-founder claimed that this collaboration would assist consumers with Bitcoin earning opportunities:
“Beforehand, people could only get bitcoin cashback on specific brands through our app but now can earn cashback in bitcoin on every spend.”
GoSats, launched in February 2021, provides users with an alternate method to earn Bitcoin while shopping at their favorite stores. GoSats has secured $700,000 in one round of financing. On August 4, 2021, a Seed round was raised.
Because the Indian government’s stance on cryptocurrency services is unclear, officials in India have already issued appropriate decrees prohibiting the use of cryptocurrencies. Nonetheless, the Indian federal government and its monetary authority, the Reserve Bank of India (RBI), reviewed a provision in prior plans to prohibit digital currencies in the nation.
As a result of the collaboration with NPCI, GoSats can avoid important regulatory hurdles while offering its services.