Bitcoin rewards platform Satsback has relaunched in a brand new model, bringing a brand new model to market with 10,000 on-line shops related to supply cashback in BTC that’s paid by way of Lightning, in addition to a browser extension to facilitate prospects’ buying expertise.
“There are millions of on-line shops accessible to customers globally, however most collaborating retailers goal particular European markets specializing in The Netherlands, Germany, Poland, the UK, France, and Belgium,” the corporate mentioned in a press release despatched to Bitcoin Journal. “As well as, due to the Lightning Community, customers can withdraw their rewards with no minimal quantities and take part within the quickly rising Lightning financial system.”
The concept for the service arose from the dissatisfaction of EU-based Bitcoiners who noticed main developments within the ecosystem being born within the U.S. The staff behind Satsback mentioned it “got down to change that” by way of the cashback service in an try and convey the now widespread rewards-based enterprise mannequin to the European market.
Satsback.com seeks to embark new customers onto the Bitcoin and Lightning networks by giving them their first satoshis, a friendlier person expertise for newbies than making an preliminary buy of bitcoin. The objective is to decrease the barrier of entry to the Bitcoin ecosystem and assist anybody perceive Bitcoin by experiencing it, Satsback mentioned.
“Everybody’s bitcoin journey is exclusive, however most start with the identical first step of shopping for or receiving a small quantity of it,” Satsback founder and CEO Tom Chojnacki mentioned in a blog post. “Solely by experiencing it will possibly we start to understand and perceive it. The issue is that it’s arduous to persuade somebody to purchase one thing that they don’t perceive. Receiving it as a reward or present solves this onboarding downside.”
Satsback mentioned its platform is now related to main manufacturers of the likes of Reserving and Nike, totaling over 10,000 shops after it final yr “joined forces with the Stekking staff to construct the main bitcoin rewards platform in Europe,” Chojnacki mentioned.