Launch of the Bitcoin Satsback v2 rewards platform

The Bitcoin Satsback rewards platform has been relaunched in a new version, bringing a new brand to the market with 10,000 online stores connected to offer cashback in BTC which is paid out via Lightning, as well as a browser extension to facilitate payment. customer shopping experience.

“There are thousands of online stores available to users around the world, but most participating merchants target specific European markets, focusing on the Netherlands, Germany, Poland, UK, France and Belgium,” the company said in a statement sent to Bitcoin Magazine. “In addition, through 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 was born out of the dissatisfaction of EU-based Bitcoiners who saw major developments in the ecosystem spawn in the United States. popular award-based business model in the European market. seeks to onboard new users to the Bitcoin and Lightning networks by offering them their first satoshis, a more beginner-friendly user experience than making a first-time 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 Bitcoin journey is unique, but most start with the same first step of buying or receiving a small amount,” Satsback founder and CEO Tom Chojnacki said in a blog post. “It’s only by experiencing it that we can begin to appreciate and understand it. The problem is that it’s hard to convince someone to buy something they don’t understand. The receiving as a reward or gift solves this integration problem.

Satsback said its platform is now connected to major brands such as Booking and Nike, totaling more than 10,000 stores after “partnering with the Stekking team last year to create the main platform for bitcoin rewards in Europe,” Chojnacki said.

Amanda J. Marsh