New Canada-Based Start-up YesToBitcoins.com Sells Gift Cards For Bitcoin
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....
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Bitcoin is a booming business in the United Kingdom, assuming one knows how to play their cards right. Gift Off, a company specializing in selling gift cards for Bitcoin, recorded an all-time high turnover in February of 2016. Cryptocurrency enthusiasts in the United Kingdom will have heard of Gift Off before, as this Norwich-based online shop sells gift cards in exchange for Bitcoin payments. Up until this point, the company has sold close to GBP2.1m worth of gift cards, of which over GBP200k was processed last month. Considering how Gift Off is focusing on various gift cards, it seems....
Back in June we covered the inception of Canada based bitcoin payment facilitation company YesToBitcoins.com. The company allows bitcoin users to purchase gift cards that can then be spent at places like Amazon, Starbucks and Best Buy. Today the company announced it had taken the concept a step further. As well as buy gift cards, credit card users can now pay their bills with bitcoin on the site. The site supports a range of cards from the leading providers - including American Express, MasterCard and VISA. Regarding the innovation, Darwin Ramon commented: The idea came from asking, why....
CoinTap is a Canadian startup which is seeking to make it easy for members of the public to get hold of bitcoins. CoinTap will sell bitcoin gift cards around the world that will allow recipients to claim bitcoins by using the redemption code on the card. We spoke to CoinTap's Ashley Fulks who told us that the company is "working with a large card distribution company to get the cards distributed through convenience stores". The gift cards are sold based on their fiat value, for example, $20. As for how many bitcoins recipients will be able to redeem, we were told that people will be able....
Gyft Cloud is a cloud-based digital gift card solution. Gyft is pretty well-known in the bitcoin world. The service allows users to purchase digital gift cards with bitcoin or credit card for hundreds of retailers. Users can also upload their plastic gift cards to their Gyft wallet so that cards can be stored securely and retrieved anywhere with an Internet connection. And now, Gyft is expanding its services to merchants with Gyft Cloud - “the ultimate mobile gift card solution.” “Offering plastic gift cards can be cost prohibitive and an operational nightmare for small to mid-sized....
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.