Satsback Labs, the company behind the popular European Bitcoin-back shopping rewards platform, Satsback.com, has expanded its services to the United States market. This move aims to revolutionize the American shopping experience by offering consumers nationwide the opportunity to earn Bitcoin rewards while shopping online for their essentials.
A Revolutionary Shopping Experience
Satsback.com has already established a robust network of over 500 online partners. Now, the platform is introducing its innovative Bitcoin-back shopping model to the American audience. The goal is to empower consumers by redirecting advertising budgets directly into their Bitcoin wallets, providing them with savings in sound money while helping merchants attract new customers and boost revenues.
"Bitcoin fixes many things, but being able to buy it is a luxury reserved for a shrinking minority of people with disposable income. This is a big problem even in developed countries like the US where household debt is at an all-time high," stated Satsback Labs CEO Tom Chojnacki. "We’re thrilled to provide US consumers with more ways to save in Bitcoin even if their budgets don’t allow for them to purchase it."
Earn Bitcoin with Every Purchase
Users can now earn Bitcoin on purchases made through the Satsback.com platform from a wide range of online stores in the US. This includes major brands like Macy’s, The Home Depot, Booking.com, and many others. By simply selecting their desired store, following the provided links, and making purchases as usual, customers will receive a percentage of their fiat purchases back in BTC. The Bitcoin rewards will be delivered to their Lightning wallet of choice.
Additionally, Satsback.com offers a user-friendly browser extension that is compatible with Chrome, Firefox, and Safari. This extension ensures that users do not miss any opportunities to accumulate Bitcoin rewards on their purchases. It alerts them when they are visiting partnered online stores.
Join the Bitcoin Movement
Satsback.com invites US shoppers to join the Bitcoin movement and transform their shopping experience. By opting for Bitcoin rewards, users can say goodbye to traditional point and fiat-back systems. Instead, they can embrace financial autonomy and signal their values to merchants.
With Satsback.com, online shoppers in the United States now have the chance to earn Bitcoin while purchasing their everyday essentials. This innovative platform is set to revolutionize the way Americans shop online, offering financial benefits and empowering consumers in the process.
Frequently Asked Questions
Can I keep a Gold ETF in a Roth IRA
This option may not be available in a 401(k), but you should look into other options such as an Individual Retirement account (IRA).
Traditional IRAs allow contributions from both the employer and employee. An Employee Stock Ownership Plan (ESOP) is another way to invest in publicly traded companies.
An ESOP gives employees tax advantages as they share the stock of the company and the profits it makes. The money in the ESOP can then be subject to lower tax rates than if the money were in the individual's hands.
A Individual Retirement Annuity is also possible. You can make regular payments to your IRA throughout your life, and you will also receive income when you retire. Contributions to IRAs will not be taxed
How much should precious metals be included in your portfolio?
Before we can answer this question, it is important to understand what precious metals actually are. Precious elements are those elements which have a high price relative to other commodities. This makes them highly valuable for both investment and trading. The most traded precious metal is gold.
There are however many other types, including silver, and platinum. The price for gold is subject to fluctuations, but stays relatively stable in times of economic turmoil. It also remains relatively unaffected by inflation and deflation.
All precious metals prices tend to rise with the overall market. However, they may not always move in synchrony with each other. For instance, gold's price will rise when the economy is weak, while precious metals prices will fall. Investors expect lower interest rates which makes bonds less appealing investments.
However, when an economy is strong, the reverse effect occurs. Investors choose safe assets such Treasury Bonds over precious metals. These precious metals are rare and become more costly.
Therefore, to maximize profits from investing in precious metals, you must diversify across multiple precious metals. Additionally, since the prices of precious metals tend to rise and fall together, it's best to invest in several different types of precious metals rather than just focusing on one type.
How much should you have of gold in your portfolio
The amount you make will depend on the amount of capital you have. If you want to start small, then $5k-$10k would be great. As you grow, you can move into an office and rent out desks. This will allow you to pay rent monthly, and not worry about it all at once. It's only one monthly payment.
It is also important to decide what kind of business you want to run. My website design company charges clients $1000-2000 per month depending on the order. You should also consider the expected income from each client when you do this type of thing.
If you are doing freelance work, you probably won't have a monthly salary like I do because the project pays freelancers. You might get paid only once every six months.
Before you can determine how much gold you'll need, you must decide what type of income you want.
I recommend starting with $1k-$2k in gold and working my way up.
Statistics
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (aarp.org)
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
External Links
irs.gov
wsj.com
- Saddam Hussein’s InvasionHelped Uncage a Bear In 1989 – WSJ
- How do you keep your IRA Gold at Home? It's Not Exactly Lawful – WSJ
forbes.com
- Gold IRA, Add Sparkle to Your Retirement Nest egg
- Understanding China's Evergrande Crisis – Forbes Advisor
bbb.org
How To
How to hold physical gold in an IRA
The best way of investing in gold is to purchase shares from companies that produce gold. But this investment method has many risks as there is no guarantee of survival. Even if they survive, there's always the risk that they will lose money due fluctuations in gold prices.
An alternative option would be to buy physical gold itself. You can either open an account with a bank, online bullion dealer, or buy gold directly from a seller you trust. This option has many advantages, including the ease of access (you don’t have to deal with stock markets) and the ability of making purchases at low prices. It's also easy to see how many gold you have. The receipt will show exactly what you paid. You'll also know if taxes were not paid. You are also less likely to be robbed than investing in stocks.
However, there are some disadvantages too. Bank interest rates and investment funds won't help you. Also, you won't be able to diversify your holdings – you're stuck with whatever you bought. Finally, the tax man might ask questions about where you've put your gold!
Visit BullionVault.com to find out more about gold buying in an IRA.
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By: Nik Hoffman
Title: Satsback Launches Bitcoin Back Rewards Platform for Online Shoppers in the United States
Sourced From: bitcoinmagazine.com/business/bitcoin-back-rewards-platform-satsback-launches-in-the-united-states-for-online-shoppers
Published Date: Fri, 22 Dec 2023 16:14:30 GMT
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