What is GoSats?

GoSats is a financial platform and mobile application designed to accumulate assets through a rewards system for everyday purchases. The project was launched in 2019 and is backed by the Y Combinator accelerator.

Core Features and Functionality:

• Mechanism: The service allows users to receive cashback in the form of Bitcoin (denominated in satoshis) or digital gold when paying for goods and services.

• Payment Methods: Rewards are credited when using a prepaid GoSats card (issued in partnership with VISA), purchasing gift vouchers from partner brands within the app, or making payments via QR code scans.

• Investment Tools: The application includes a Systematic Investment Plan (SIP) feature for digital gold, enabling automated purchases of the asset in small amounts.

• Asset Management: Users can track the real-time value of their accumulated holdings, withdraw Bitcoin to external wallets, or exchange their assets.

• Availability: To access the full functionality of the service, users are required to complete the identity verification (KYC) process.