• Thu. May 30th, 2024

Cashback Rewards Card for Bitcoin Launched in India by GoSats

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Aug 17, 2021
India Will Soon Have Crypto ‘Banking’ at 22 Physical Locations

As per the latest reports, an exciting announcement has been made by GoSats for its users. GoSats, a prominent Bitcoin (BTC) rewards company has announced that it is going to launch a new card. According to details, the particular car is going to be for cashback rewards.

GoSats has announced that for now, the cards will be launched for Indian customers. The firm has confirmed, however, that their reach is going to be not only in India but the rest of the world. It is aiming to achieve global recognition by making its product available to and get it adopted by the mainstream industry.

For now, the platform is aiming to launch its product for the Indian market, which is currently the second-largest populated country in the entire world. Even the people in India are very much into technology and digitalization. This is the reason why the people in India would be fast to grasp and adopt the technology.

India is currently among one of the fastest-growing and advancing countries when it comes to adopting cryptocurrencies. Despite the regulatory uncertainty in the country around cryptocurrencies, people are still moving towards the cryptocurrency sector.

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GoSats has announced that it has reportedly partnered with the National Payments Corporation of India (NPCI) in order to achieve and execute the plan of distributing these cards. The NPCI exists as a non-profit organization that has been working for the advancement and growth of digitalization in the country.

The firm reportedly supports digital payments and promotes them wherever possible. The firm also focuses on promoting the systems for settlements all over the country.

One of the most prominent attributes of the NPCI is that it is directly owned by the Reserve Bank of India (RBI). It was founded by the RBI back in 2008 and has been providing its services since then. This is yet another huge leap for the cryptocurrency industry as it has managed to bring the RBI onboard.

When it comes to the Reserve Bank of India, it was the most aggressive and opposing regulatory in the entire world towards cryptocurrencies.

However, now that the regulatory authority somehow backing GoSats in its distribution of the cashback cards, it is indirectly supporting the cryptocurrency sector.

The rewards card is going to be something that is completely on a new level for the cryptocurrency and mainstream users entirely. The users would be able to use the rewards card through browser extensions as well as their smartphones.

Through the rewards card, the users would be able to make purchases through Bitcoin and earn cashback in the form of rewards and in Bitcoin. The users would be able to make purchases with cashback cards through platforms such as Flipkart, Starbucks, and Amazon.

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