Foldapp: ‘Top 30 Retailers in the US Are All in Our Sights'
CoinTelegraph spoke with the founder of Fold, Matt Luongo, on how the company has been able to offer a 20% at Starbucks for Bitcoin users, its planned integration with Target, Whole Foods and other major retailers, and the problems still facing the growing Bitcoin ecosystem. Foldapp is a website that allows you to get 20% off Starbucks purchases by paying with bitcoins and scanning a QR code at the counter. The startup is not only looking to add merchants that accept gift cards, but is also developing an innovative method for familiarizing people with Bitcoin who have never used it before.....
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Starbucks is not yet accepting bitcoin for purchases. But customers can use bitcoin to load an app and get a 20 percent discount using the app to pay for purchases at many Starbucks stores. The app, foldapp.com, also plans to include purchases at Target and Whole Foods. The ability to use bitcoin to make purchases through apps and gift cards at major retailers takes bitcoin one step closer to mass consumer acceptance. How it works. Starbucks customers are loading bitcoin onto foldapp. Foldapp then transfers the designated amount from the customer's bitcoin wallet to a virtual Starbucks....
Shopping at Target, Best Buy, and other retailers using bitcoin may have just gotten a whole lot easier. One-tap shopping app Pounce has teamed up with Coinbase in order to allow consumers to complete their purchases using the digital currency, opening their doors to a whole new customer base. Other retailers users can buy from include Lord & Taylor, Toys
An online survey has found that 8% of US retailers say they are planning to accept bitcoin within the next 12 months. The data, collected by Boston Retail Partners, after surveying 500 retailers across the US, showed that none of the businesses were currently accepting bitcoin, whilst 5% have plans to adopt it within three years. Source: Boston Retail Partners. In contrast, the report found that PayPal was the most widely accepted alternative payment type. The payment processor is already accepted by 13% of those surveyed, whilst 49% plan on adopting it in the next three years. Apple Pay,....
Bitcoin hardware wallet manufacturer KeepKey has just announced its global sales expansion. The company has partnered with trusted retailers to allow local distribution of their flagship cold storage product in 11 countries across the globe. KeepKey Teams Up With Global Retailers. The KeepKey hardware wallet has become a popular device among....
American multinational banking and financial services holding company JP Morgan Chase & Co. has announced the launch of its own version of a mobile payment system, Chase Pay, which will allow users to pay major retailers and merchants in the U.S, including the country’s largest retailers Walmart and Best Buy. As a rival platform, the bank’s mobile payment network is set to challenge Apple Pay in various strategies. For example, since its launch a year ago, Apple Pay failed to convince major retailers including Walmart and Best Buy to accept payments through its technology. In fact,....