After Bitcoin, This Bengaluru Startup Has Started Giving Gold As Reward For Shopping

After already becoming India¡¯s first financial platform to offer Bitcoin as a reward for online shopping, Bengaluru-based startup GoSats has announced another unique feature.

What Has The Startup Announced?

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Bengaluru-based financial startup GoSats has announced the addition of gold rewards to its rewards ecosystem. Users will have the flexibility to seamlessly swap between Gold Rewards and Bitcoin to meet their individual financial goals.

Why Does The Startup Come Up With Such Rewards?

reuters

GoSats¡¯ unique proposition is to transform everyday expenses into valuable growing assets and change how we perceive the act of spending money. In the near future, along with gold rewards and Bitcoin, GoSats is looking to expand and introduce other valuable asset classes which can potentially grow in value, providing a pathway for users to secure a better financial future for themselves.

Through its partnership network, GoSats allows customers to maintain their spending habits, shop from their favourite portals and enjoy getting Gold Rewards and Bitcoin as rewards instead of saving in cash, points, miles or other forms of loyalty. This would absolutely reverse the complete theory of the impact of spending money because, with Gold Rewards, every transaction made gives users the opportunity to work towards securing their financial future.

Today, India has well over 200 million gold investors and about 15 million crypto investors. Not only are these numbers growing rapidly but they are fast attracting a segment of the population that has historically been highly risk-averse to investing. However, these users who are signing up or have signed up for the GoSats app can transact in India, and customers instead of just getting a simple cashback or loyalty points can passively invest in Gold or Bitcoin instead, as per GoSats¡¯ press release.

Also Read; Explained: Why Gold Rates Differ Across States In India?

When Did The Startup Introduce Bitcoin Rewards?

indiatimes

Siblings Mohammed Roshan Aslam and Roshni Aslam founded the Bitcoin rewards company in February 2021. GoSats? was started by the siblings amidst the crypto bull run in 2021, aiming to build a simple Bitcoin on-ramp for the Indian masses shopping online. The name GoSats references ¡®sats¡¯, or ¡®satoshis¡¯, which are the smallest units of Bitcoin, each equivalent to 100 millionth of the value of one BTC. Sats is named after Satoshi Nakamoto. Click here to know more.

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