By Aaron – Crypto Professional - 01/01/2022
In a recent post, it was said that SocialGood (SG) is collaborating with merchants to implement a "crypto-back" of up to 100% when customers use the SocialGood app to buy at over 1,800 prominent partner retailers, including eBay, Nike, AliExpress, Booking.com, Shopee, Lazada and others. The SG Team and token aim to become a global mobile app which offers freedom and control to retail shoppers on the high street by providing cryptocurrency trading and storage options alongside traditional payment systems.
Users receive crypto-back every transaction in as little as a month by conducting their regular shopping. The cryptocurrency customers receive is known as SocialGood (SG) token and may be worth up to 100% cashback of the purchase price - the crypto will appear in the app within a few days after the merchant confirms the transaction.
How does SocialGood reward its users?
The SG token is a cryptocurrency that aims to improve society and consuming. It operates in such a manner that as the number of users grows, so does the asset value. It also holds a number of patents, including ones for its business model and a method for acquiring crypto assets through credit cards and smartphone payments. Instead of buying crypto for example, users receive assets based on their in-store or online purchase(s).
As a result, SG is regarded as a valuable coin. Because assets are offered at no cost, all users will undoubtedly benefit, As a result, users are more likely to increase, along with the popularity in buying and selling Bitcoin, generating a sequence in which the asset value of SG is predicted to rise. The running firm of SG is supported by revenues from currency issuing and advertising income from partner retail outlets; in the future, the company wants to contribute a fraction of the total amount that consumers spent when shopping to social contribution groups.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards