GoSats gets its name from satoshi, a unit of Bitcoin. The idea is simple: People love cashback rewards. Satsback as the GoSats team calls it, turns the cashback formula on its head. Rather than receive the value that can be spent right away, users receive an asset to hold for the long term. GoSats users hold full ownership of the Bitcoin they earn, and can freely transfer it to external crypto wallets.
Roshan is an early Bitcoin adopter and enthusiast. In Jan 2014, bitcoin found and consumed him.
Users will be able to earn yield paid in BTC on all the rewards they’ve accumulated through the app.
GoSats, a YourStory Tech50 2021 startup, was launched by siblings Mohammed Roshan and Roshni Aslam as a Bitcoin rewards system for users shopping online. In just a few months, the startup has landed over 17,000 users.