Gyft to Embrace 'Radical' Blockchain Concept in Gift Card Fraud Fight

Gyft to Embrace 'Radical' Blockchain Concept in Gift Card Fraud Fight

Gyft CEO Vinny Lingham has announced plans for his mobile gift card company to use bitcoin to enable gift card providers to issue more secure, consumer-friendly digital products. Announced at the annual SXSW conference, the news was revealed during a conference panel that sought to address the real-world applications of bitcoin, and included Boost VC CEO Adam Draper. Chain founder Adam Ludwin; and ChangeTip CEO Nick Sullivan. Currently in the R&D stage, the technology standard would "tokenize" gift cards, allowing gift cards to be transferred between peers and other digital wallets by....


Related News

Bitcoin Gift Card Company, Gyft, Releases Proprietary Card

Earlier today, Gyft revealed their own Gyft gift card on the Gyft network of over 200 retailers. Gyft accepts Bitcoin right alongside typical centralized payment processors such as PayPal, Google Wallet, VISA, Mastercard, etc. For over a year, Gyft has been "showing-by-doing" the efficacy of adding bitcoin acceptance to any business model. Without chargebacks and lengthy wait times, Gyft is able to offer 3% off to customers paying in Bitcoin. This new general purpose Gyft card will allow you to "Give the Gift of Gyft." The Gyft Card is redeemed online via its unique promo code whenever the....

Mobile Gift Card Company to Use Bitcoin Transactions

Gyft, a mobile gift card company, recently announced its plans to offer bitcoin transactions for its gift card providers. This way, they can ensure that their consumers are able to make purchases in a more secure digital way with the cryptocurrency. The company made this announcement during the annual SXSW Conference, during which a conference panel discussed the real-world applications of bitcoin transactions. For now, the product offering is in its research and development stages. Gyft plans on using a technology to give gift tokens which can be transferred between peers and other....

Bitcoin Magazine Congratulates Gyft's Opening of 50,000 Locations to Bitcoin via BitPay, Inc

Just this morning, BitPay, Inc announced it's newest merchant, Gyft. Gyft, a mobile gift card platform, added support for Bitcoin purchases of gift cards on the Android platform, through its partnership with BitPay Inc, the world's leading payment processor for Bitcoin. Gyft offers a mobile gift card app to allow customers to buy, store, send, and redeem gift cards on their phones. In addition to a free phone app, customers can share gift cards via Facebook. Gyft works with 50,000 physical retail locations across the USA including GAP, Lowes, Sephora, Gamestop, American Eagle, Sports....

Gyft gift card app lets buyers use bitcoins

Plastic gift cards are so 2012, but going mobile and digital with your gift-card purchases isn't enough anymore. Now you can pay for gift card apps with bitcoins. California-based Gyft, a digital gift card platform serving the US, announced today that it has partnered with BitPay to begin accepting bitcoin payments from customers. While Gyft offers both an iPhone app and an Android app, the bitcoin option will be available only on Android. The app itself is free. By enabling bitcoin payments for gift cards, the Gyft-BitPay partnership essentially opens the door to let bitcoin fans....

Gyft Launches Rewards Platform

Just this morning, Gyft, Inc, the lead mobile gift card company announced the Gyft Points program to reward customers for use of gift cards. In May of this year, Gyft began accepting Bitcoin for payment back and as a result exponentially increase the growth of the number of opportunities for individuals to shop with Bitcoin. An individual is able to purchase 1 of 50,000 gift card options and as a result put Bitcoins to use. Gyft put out the following press release: Gyft Launches Rewards Platform to Give Consumers Up to 3% Back on Gift Card Purchases. Expands Options for Payment to Include....