Gyft Plans to Use Block Chains for Gift Cards

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Gyft, a mobile gift card provider, has launched a loyalty system gyft bitcoin gift cards gives different levels of rewards based on the funding method, favoring alternatives over credit cards. Gyft added PayPal support today. Because Bitcoin transactions are free or near free, an increasing number of merchants have started accepting the digital currency. Points can be used to purchase more gyft bitcoin gift cards cards on the company's site from merchants including Burger King, Marriott, Nike or Staples.

There is also no cap on the amount of points a consumer can earn. Since Gyft's launch in Septemberthe company gyft bitcoin gift cards sold more thanmobile gift cards, Lingham says. Many consumers, especially Bitcoin users which demographically are between 18 and years-old, are purchasing the cards for themselves, not as gifts, Lingham says.

While Gyft is currently available only in the U. Gyft plans to move into Canada, the U. Plus demand is high in those regions, he says. Adding PayPal acceptance makes sense for the company as it expands internationally, says Lingham. PayPal has more than million users worldwide. Gyft is giving away more than 10 million points by the end of the year as part of the rewards program launch. Other payment companies are trying to appeal to Bitcoin users and merchants alike.

BitPay, a Bitcoin merchant services business, pitches its services to high-risk merchants that might have been turned away by mainstream payment companies. Subscribe Now Authoritative analysis and perspective for every segment of the payments industry. Authoritative analysis and perspective for every segment of the industry.

Get Day Free Trial. Dual interface and metal Innovations in card design and technology are driving top-of-wallet status. Partner Insights Sponsor Content From: Capital One restricts third-party data access, upsets customers. America's fastest-growing credit card gyft bitcoin gift cards also its least favorite.

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Every year when we have a birthday party of a good friend ,brother or sister we have to think again. What shall I buy this year as a present? You want to give them something special so they remember you. Well there is something around which you might not thought of yet, the bitcoin gift voucher or the bitcoin gift card.

We really like to give each other gift cards. Around the world we load all together billions on fancy plastic giveaway cards. The fortuned person who gets the gift card can exactly buy what he or she wants. Like with any other cash you can shop wherever and whenever you want. Traditional gift cards must be normally spend within a certain period, mostly a year.

It like cash so there are no restrictions whatsoever. The second good thing about bitcoin vouchers is the gift card can be spend everywhere. Again there are no limitations. For example a gift card of McDonalds can only be spent at of course the McDonalds. The bitcoin gift card can be spend everywhere as long as the shop accepts bitcoin as a payment.

And these places are growing fast. But it is getting better, because mostly you will get an extra discount while shopping with bitcoins. Take for example Gyft. They are one of the largest ones in digital gift cards and they have embraced bitcoin from the beginning. Through their gift card you can spend bitcoins in pretty much all the large retailers.

Names like Dell, Wallmart, Amazon, and Sears are all on the list. Over worldwide brands are directly available with bitcoin. And the list goes on. In the first place of course because people can spend their bitcoin gift card. But it is more than that. Bitcoin is catchy and sexy today. People are more and more interested in where they can spend their bitcoins. Here are 3 good reasons why your shop should start accepting bitcoin gift cards. Your email address will not be published.

Notify me of follow-up comments by email. Notify me of new posts by email. Why a bitcoin gift card? Why a bitcoin gift card is better than a normal gift card Remember this: This is how Gyft makes you extra special when you buy with bitcoin: How does a bitcoin ATM work?

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