Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

GoSats debuts Bitcoin cashback rewards card in India

CryptocurrencyAug 16, 2021 05:00PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. GoSats debuts Bitcoin cashback rewards card in India

Bitcoin (BTC) rewards company GoSats has launched a new cashback rewards card for its Indian customers.

The new product, which was launched in partnership with the National Payments Corporation of India (NPCI), could potentially set the stage for mainstream adoption of digital assets in the country.

NPCI is a non-profit organization dedicated to promoting digital payments and settlement systems across the country. It is under the direct ownership of the Reserve Bank of India.

The Bitcoin rewards card can be accessed through mobile app and browser extension and will allow users to enjoy cashback paid in BTC when shopping at major stores such as Amazon (NASDAQ:AMZN), Starbucks (NASDAQ:SBUX), and Flipkart.

Utmost precaution is being taken by both partners to avoid any regulatory infringements while launching the product.

The CEO and co-founder of GoSats Mohammed Roshan stated that the partnership puts his firm in the position to “offer users Bitcoin earning opportunities using NPCI’s existing card network,” adding that “beforehand, people could only get Bitcoin cashback on specific brands through our app but now can earn cashback in Bitcoin on every spend.”

GoSats has gained over 15,000 customers since it first launched six months ago, indicating the reserved interest for digital assets services in the country with a few calls to ban crypto in India, BTC PEERS reported.

Continue reading on BTC Peers

GoSats debuts Bitcoin cashback rewards card in India
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email