Bitcoin (BTC) rewards visitor GoSats has launched a new cashback rewards card for customers in India, potentially setting the stage for wider mainstream adoption of digital assets in the world's 2nd-most populated country.

The new production is being introduced in partnership with the National Payments Corporation of India, also known equally NPCI, which is a not-for-profit arrangement dedicated to promoting digital payments and settlement systems across the country. The organization was founded in December 2008 and is an initiative of the Reserve Bank of Bharat.

The GoSats rewards card, which is attainable through mobile app and browser extension, allows users to earn cashback paid in BTC while shopping at major brands such as Amazon, Starbucks and Flipkart.

The NPCI partnership suggests that GoSats is looking to avoid any regulatory hurdles in rolling out its services. Mohammed Roshan, GoSats' CEO and co-founder, said the partnership will enable his firm to "offering users bitcoin earning opportunities using NPCI'southward existing carte du jour network," adding:

"Beforehand, people could only get bitcoin cashback on specific brands through our app but now can earn cashback in bitcoin on every spend."

Launched in February 2022, GoSats has accumulated over xv,000 customers in just vi months, underscoring pent-up demand for digital asset services in the country. India'due south history with cryptocurrencies has been volatile, to say the least. Policymakers appeared to be on the verge of banning crypto birthday, just take since softened their stance. Equally Cointelegraph reported in July, the Securities and Commutation Lath of Bharat is said to exist working with the finance ministry to oversee crypto regulations in the country.

In the meantime, human foot traffic to cryptocurrency exchanges has grown speedily. WazirX, a Binance-owned cryptocurrency commutation operating in India, has reported over 2,600% user growth since inception. A big portion of those signups has been women from smaller cities.

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Crypto credit cards and cashback reward programs are growing in popularity as digital assets continue to permeate the mainstream. Equally Cointelegraph recently reported, PayPal's Venmo has created a new program that allows credit card users to automatically purchase crypto with cashback rewards.