Consumers all over the world can easily their first bitcoin without every buying cryptocurrency. The most popular way of doing so today is through the Stacking Sats initiative.
This method allows consumers to obtain small amounts of bitcoin by not necessarily going out of their way to be exposed to the world’s leading cryptocurrency.
Stacking Sats Explained
Unlike most other forms of money, bitcoin can be divided up to eight digits after the decimal. The smallest unit of one BTC is called a satoshi. This is an homage to the creator of the world’s leading cryptocurrency, an individual or collective known as Satoshi Nakamoto. At its current price, one satoshi valued at $0.000073.
In theory, it should not be incredibly difficult to obtain a few satoshis here and there. Rather than having people perform work to collect these micro units of bitcoin, a new initiative has been launched. It is known as Stacking Sats, or Stacking satoshis. As the name suggests, it is all about giving consumers options to earn fractional amounts of bitcoin over time.
The ultimate goal is this initiative is to expose as many people to cryptocurrencies over time. Moreover, this needs to be some in a semi-passive manner, to ensure it doesn’t interfere with their daily lives. Considering how one needs 100 million satoshi to obtain one full bitcoin, this is not a get-rich-quick approach by any stretch of the imagination.
Once consumers can begin to earn fractional amounts of bitcoin by stacking sats, their current shopping behavior doesn’t need to be altered. One thing users might need to explore is utilizing an extra app or two, but it is no different than signing up for a company’s loyalty scheme.
How can it be Done?
Numerous initiatives exist to let consumers stack sats by doing everyday things. This is a process that goes well beyond just online shopping. Albeit bitcoin and other cryptocurrencies are often perceived as “virtual” forms of money, they can be used in the real world as well. It is only normal that stacking sats goes beyond the online world as well, albeit there is still plenty of room for growth.
As this model of earning bitcoin becomes more popular, there will be more options for users to engage in this type of activity. Shopping at retail locations and buying online will be the most commonly used methods for those within the stacking stats universe. Slowly but surely, other options will become accessible.
What makes this venture even more remarkable is how one doesn’t even need to own bitcoin to begin earning BTC. Numerous solutions exist to let users rely on traditional payments and earn cashback in the form of bitcoin.
Lolli for Online Shopping
One interesting service in this department is Lolli. It is hooked into over 500 online retailers and allows users to begin stacking sats immediately. Among its supported retailers are Priceline, Newegg, Hotels.com, Hilton, et cetera.
For those looking to earn free bitcoin, users can either access the retailer through Lolli’s website or use the company’s Chrome / Brave extension. There are no complex interfaces to contend with, nor does it require shoppers to alter their normal behavior.
Pei for Brick-and-Mortar Shopping
Consumers who want to stack stats through retail shopping may want to look into Pei. It gives users an option to earn Bitcoin – or Bitcoin Cash – by shopping in-store with their payment card. With over 120,000 eligible merchants to choose from, there are many different ways to begin stacking sats.
The Pei app also has a built-in directory of nearby brick-and-mortar locations where they can earn BTC or BCH. It makes the whole concept of earning one’s first bitcoin a lot more convenient and accessible. There are more improvements to come to the Pei platform in the future, but it is just one of the many options on the table today.