Vinny Lingham Leaves Gyft, Raises $2.75 Million for Identity Platform
New Bitcoin Foundation board member Vinny Lingham has announced that he has stepped down as CEO of mobile gift card service Gyft to pursue a new business venture. Based in Palo Alto, Civic has already received $2.75m in funding from Social Leverage, Pantera Capital, Blockchain Capital and Digital Currency Group, among other firms. The digital identity protection startup is expected to launch this spring, according to Lingham. Speaking to CoinDesk, Lingham described the startup's aims as similar to Lingham told CoinDesk: "Your identity information is out there, whether you like it or....
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A new blockchain-based identity platform called Civic wants to be a second-factor authentication for people who want to be insured for digital ID theft protection. The app, which just launched, notifies its users when their social security is used by a Civic affiliate allowing people to make sure the use of this information is legitimate. Vinny Lingham’s....
Decentralized crowdfunding platform Koinify announced today that they have brought aboard both Vinny Lingham aboard, where they will be taking advisory roles. Vinny Lingham is, of course, the CEO of Gyft - a service that allows consumers to easily purchase gift cards to their favorite stores online. Gyft is highly regarded in the cryptocurrency community, as they accept bitcoin payments. Lingham will be serving on Koinify's advisory board. "Vinny is one of the best entrepreneurs I know, especially when it comes to bootstrapping a startup and creating a product people love. We are....
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....
It wasn't long after the announcement that Coinbase raised $75 million in funding that Gyft announced they've modified their platform to work with the Coinbase wallet. Now that they allow for the purchase of bitcoins through different bitcoin methods, Gyft joins the ranks of the few companies that allow for this kind of diversification. "Gyft is all about choice and flexibility," said Vinny Lingham, co-founder and CEO of Gyft. "That's why we offer gift cards from hundreds of retailers and why we accept a wide variety of payments methods." According to Lingham, the company is excited about....
The former CEO of Gyft and the cofounder of the project Civic, Vinny Lingham has been called an ‘oracle’ at times for correctly predicting the future price of bitcoin. On various occasions all the way back to 2016, Lingham has made correct bitcoin price calls over the years. Even though bitcoin’s price has been lower in recent weeks after shedding over 40% in the last three months, Lingham has an optimistic outlook if “$30k continues to hold.” Vinny Lingham’s Recent Bitcoin Predictions Show Optimism Vinny Lingham is talking about bitcoin (BTC) price....