The Bitcoin Satsback rewards platform has been relaunched in a new version, bringing to market a new brand with 10,000 online stores connected to offer cashback in BTC paid through Lightning, as well as a browser extension to make it easier to use. customer shopping experience.
“There are thousands of online stores available to users around the world, but most of the participating merchants target specific European markets with a focus on the Netherlands, Germany, Poland, United Kingdom, France and Belgium, “the company said in a statement sent to Bitcoin Magazine. “Plus, with the Lightning Network, users can withdraw their rewards with no minimum amount and participate in the rapidly growing Lightning economy. “
The idea for the service arose out of the dissatisfaction of EU-based Bitcoiners who saw major developments in the ecosystem in the United States. popular reward-based business model in the European market.
Satsback.com seeks to onboard new users to the Bitcoin and Lightning networks by offering them their first satoshis, a more beginner-friendly user experience than with an initial bitcoin purchase. The goal is to lower the barrier of entry into the Bitcoin ecosystem and help anyone understand Bitcoin by experiencing it, Satsback said.
“Everyone’s journey to bitcoin is unique, but most start with the same first step of buying or receiving a small amount of it,” said Tom Chojnacki, Founder and CEO of Satsback. blog post. “It is only by experiencing it that we can begin to appreciate and understand it. The problem is, it’s hard to convince someone to buy something they don’t understand. Receiving it as a reward or a gift solves this integration problem.
Satsback said its platform is now connected to big brands such as Booking and Nike, totaling more than 10,000 stores after “joining forces last year with the Stekking team to create the main platform for bitcoin rewards in Europe, ”Chojnacki said.