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

Bitcoin payment processor BitPay has achieved rapid growth since its founding, and in the past month the company has opened locations throughout the world. With new Latin American headquarters and recently opened locations in San Francisco and New York, the company seems to truly be working to become the largest global Bitcoin payment processor. Last week, BitPay announced the opening of their European headquarters in Amsterdam, exactly two weeks after the company announced openings of their additional locations and the onboarding of key personnel throughout the world. The Amsterdam....

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....

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....

The day that many Bitcoiners have been secretly waiting for has finally arrived: Gyft is now stocking Walmart Gyft cards. Vinny, Gyft's CEO, announced the addition to the Gyft arsenal via Twitter and a Reddit post earlier today. We are so so so so excited to announce that @Walmart is finally on gyft! Enjoy Gyfters! #shopyourwalmartheartsouthttp://gyft.co/UiyhD4J. Walmart Gift cards, minimum $25 value, are available for Bitcoin via Gyft. Bitcoiners are now able to use Bitcoin to buy Gyft cards to spend at Walmart or Walmart's subsidiary: Sam's Club. Everything in the diaspora of consumer....

BitPay Inc, one of Bitcoin's lead payment processing companies, has just announced that it has surpassed 10,000 merchants. BitPay now provides services to merchants in 164 countries with approximately 50% in North America, 25% in Europe, and 25% in the rest of the World. During the month of August, BitPay processed over 10,000 transactions reaching a total value of over $6.4 million. As Bitcoin is becoming more mainstream many merchants are looking for expedient ways to sell products for BTC and BitPay is on the radar. With a Year-to-date in 2013 of over $34 million worth of bitcoins, a....