Bitcoin Users At CardCash Spend More And Favor Starbucks Gift Cards
One of the more common ways for consumers to spend Bitcoin is by buying gift cards from various retailers and outlets. Popular Bitcoin gift card services will often offer a small discount on every purchase. Giving consumers an extra incentive to spend digital currency. A recent survey by CardCash shows how Starbucks gift cards are a clear fan favorite, whereas Visa Gift Cards are far less preferable. Most of these trends seem to correlate with how consumers would spend USD balances on gift cards, though.
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Do you have bitcoins and don't know how to spend it on one of the large format stores or an e commerce site that does not accept bitcoin. There is a solution for that and it's called gift cards. There are many services that allows users to buy and sell discounted gift cards for bitcoin. Some of them include Gyft and Fold. Now there is another service by the name CardCash added to the list. CardCash is an American online discounted gift card site which has been around for a while, but they are now back in the news for introducing bitcoin payments on their platform. According to the CEO of....
CardCash, an American online company that buys and sells discounted gift cards from thousands of national retailers, has begun to accept bitcoin payments. CardCash joins companies like Gyft and Fold that provide ways for Bitcoin users to interact with the massive gift card industry. "We saw that bitcoin was getting a lot of traction and growing in legitimacy," CardCash CEO Elliot Bohm said in an interview with Bitcoin Magazine, "but it was slow in getting acceptance in popular brands." He pointed out that while consumers could use bitcoin to shop at Overstock and Dell, they couldn't spend....
In August Bitcoin Magazine reported that CardCash, an American online company that buys and sells discounted gift cards from thousands of national retailers, had started to accept bitcoin payments, joining companies such as Gyft and Fold in providing ways to purchase gift cards from major retailers with bitcoin. Founded in 2008, CardCash has been included in the Forbes' list of America's Most Promising Companies for the last three years, as well as in the Inc. 500 list of the fastest growing private companies in America for the past four years. In November 2013, the company raised $6....
US Bitcoin payment gateway iPayYou has announced direct Starbucks integration for Bitcoin users. Customers using the Starbucks mobile app can now use iPayYou to purchase items directly using Bitcoin with the automated conversion of funds to USD. The tool, dubbed ‘Bitcoin Direct to Starbucks,’ is an extension of the startup’s Black Friday release of Starbucks gift cards for Bitcoin, along with gift cards for other major retailers. CEO: Starbucks integration ‘no-brainer’. IPayYou Founder and CEO Gene Kavner said in a press release: “Integrating with Starbucks was a no-brainer, as the company....
The concept of spending bitcoins in exchange for gift cards to retail outlets that don't account digital currency is nothing new. Just take a look at Gyft and eGifter. These services have made a pretty penny catering to the needs of the bitcoin community proving that the concept works and that it's lucrative. And hoping to take part in the success is Canada-based start-up YesToBitcoins.com, a service that will allow bitcoin users to purchase gift cards to some popular outlets. According to the site's founder, Darwin Ramon, the idea to open up shop reportedly came from him asking himself....