StormX allows people from all around the world to earn satoshis for playing video games, testing applications, completing surveys and fulfilling other types of microtasks. Launched in January 2014 as Storm Play, the platform has managed to pay out more than 249 BTC (about $1,784,000 at the time of writing) to users in less than six years. And, thanks to a recent expansion called StormShop[1], U.S. residents can now get bitcoin as sats-back for their purchases (as well as ether or other cryptocurrency).
In a recent interview, StormX CEO and co-founder Simon Yu (who was also behind blockchain-based payments company CakeCodes[2]) told Bitcoin Magazine that, with the new launch, the project hopes to pay out thousands of bitcoin to users by the end of 2020.
How Sats Back With StormShop Works
StormShop is not the only sats-back option available. There are other options, like Fold[3] and Lolli[4], but each of these offer slightly different options for users.
In order for shoppers to take advantage of the sats-back shopping with StormShop, they have to download the StormShop browser extension (available on Google Chrome, Firefox, Brave and Microsoft Edge) and sign up with some basic personal information and a Bitcoin address. Once installed, the extension will automatically notify users when they are visiting the website of a retail partner that is eligible to provide BTC rewards.
For safety reasons, the sats only get sent once it becomes clear that product returns are unlikely to happen.
“After you are done shopping, you will receive a notification which confirms your purchase,” said Yu. “Once it’s sure that you won’t be making any returns, the satoshis will be delivered in your account.”
Withdrawals can be made directly to a Bitcoin address
