Satsback is a Bitcoin rewards platform that enables users to earn Bitcoin (satoshis) as cashback when shopping at thousands of online retailers, utilizing the Lightning Network for instant payouts. By converting retailer commissions into Bitcoin rewards, Satsback addresses the challenge of acquiring Bitcoin in small amounts while prioritizing user privacy.
Funding
$700K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Acquiring Bitcoin, especially in small amounts, can be challenging for new users. Traditional cashback programs offer rewards in fiat currency, missing the opportunity to introduce users to Bitcoin and its potential benefits.
Solution
Satsback is a platform that allows users to earn Bitcoin rewards, known as satoshis, when shopping at participating online retailers. By converting retailer commissions into Bitcoin cashback, Satsback provides an easy and accessible way for users to accumulate Bitcoin. Payouts are delivered instantly via the Lightning Network, enabling users to quickly access and control their rewards. The platform prioritizes user privacy and aims to make Bitcoin accessible to everyone, regardless of the amount they wish to acquire.
Target Audience
Satsback targets individuals who are new to Bitcoin and looking for an easy way to acquire it, as well as existing Bitcoin users who want to earn rewards on their online purchases.
Features
- Bitcoin cashback rewards on purchases at thousands of online retailers
- Instant payouts via the Lightning Network
- Privacy-focused design to protect user data
- Browser extension to automatically activate Satsback rewards when visiting partner stores
- Referral program to earn additional Bitcoin