May 16, 2024
Anjali Kochhar from NFTMetta engages in an insightful conversation with Mohammed Roshan Aslam & Roshni Aslam, the co-founders of GoSats.
GoSats: GoSats is a cryptocurrency rewards platform that allows users to earn Bitcoin satoshis (the smallest unit of Bitcoin) as cashback for their online purchases. Users can link their credit or debit cards to the GoSats app, and when they make purchases at partnered merchants, they receive a percentage of their spending back in Bitcoin satoshis. It’s a way to incentivize and introduce people to the world of cryptocurrencies through everyday spending.
Q. Please tell us bit about the journey of GoSats from its beginning to its progress over the years?
A: The Journey of GoSats began with the idea of empowering people by guiding them toward accumulating wealth and passively saving and investing without excess effort. And when we discovered Bitcoin in 2014, we have since then been very passionate about it. We’ve witnessed remarkable growth, going from our initial thousand users to a user base of 5 lakhs plus. It’s been more than a year since we introduced the GoSats card. We have given out 30 crore rupees worth of Bitcoin in total to our shopping users and processed $100M annualised shopping volume. Additionally, we successfully secured funding through a Pre-Series A round in 2022.
Q. Can you give us a short overview of the founders and their expertise in the domain?
A: Roshan has a strong dedication to democratising Bitcoin, as evidenced by his extensive involvement in the cryptocurrency space since 2014. His unwavering commitment to increasing Bitcoin accessibility has shaped his professional trajectory. In addition to this knowledge. Roshni offers financial shrewdness developed from a finance-based background, understanding the critical roles that wealth development and financial literacy play in modern society.
Q. What sets GoSats apart in the market and how does it make a difference?
A: GoSats sets itself apart as a trailblazing organisation in India by providing customers with the chance to collect discounts and cashbacks in Bitcoin, along with the addition of Gold cashbacks recently. Furthermore, GoSats has been positioned as an innovative forerunner by virtue of our cooperative partnerships with financial institutions and regulators, which have been crucial in navigating the Indian market landscape.
Q. How does GoSats turn everyday purchases into valuable investments?
A: GoSats transforms traditional spending patterns by converting routine purchases into profitable ventures. Users can earn free Bitcoin or Gold cashbacks through a variety of channels, including direct in-app buying, voucher purchases, and the GoSats card. This allows for passive investing in limited-earth assets worldwide.
Q. What is the GoSats Elite card and how does it work?
A: The GoSats Elite Card is the pinnacle of profitability and ease, allowing customers to profitably and effortlessly earn Bitcoin or Gold with every transaction—be it small or large. Because it is a prepaid card, it must be topped up beforehand using the GoSats app. This allows for online and offline purchases over the vast Point of Sale (PoS) network in India.
Q. What’s the scoop on GoSats’ recent introduction of gold rewards for purchases?
A: Our journey has progressed significantly with the addition of gold awards for purchases. Thirty percent of our new user base has expressed interest in this service, confirming its relevance and appeal in diversifying investment portfolios.
Q: Tell us something about the Bitcoin market?
A: Although it has become less common, Bitcoin is still a vital component of the modern financial system despite its notoriety for scarcity and explosive growth over the past decades. Even while it’s still a long way from becoming widely accepted, recent moves like Blackrock’s introduction of new ETFs indicate that interest and momentum in the Bitcoin market are growing.
About the author
Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.
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