Fold Relaunches Card for Cash: Trade Gift Cards for Bitcoin
Matt Luongo, the founder of Fold, and his team are known for helping their app participants spend bitcoins at large retailers such as Starbucks, Target and Whole Foods, and today they have returned to their roots by re-launching another product they created for the space, to help people make bitcoins. The product is called Card For Coin and in a....
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While Bitcoin is growing everyday and is accepted in thousands of businesses worldwide, the vast majority of retailers around the world still only accept payment through cash or card. However, luckily for Bitcoin users, several apps allow gift cards to be purchased with cryptocurrency, acting as a proxy between the customer and the business. This allows the privacy-conscious and cryptocurrency diehards to use Bitcoin wherever they go. Several gift card apps make purchasing gift cards with Bitcoin on the go very simple and convenient. CoinTelegraph compares three major Bitcoin gift card....
Centz, a digital currency service letting users convert gift card balances to cash, will hold an ICO in November, hosted by OpenLedger. Centz: Turn Gift Cards Into Digital Cash. Announcing its service at Money 20/20 in Las Vegas, Centz uses a specialized digital currency called “Centz Gold Bucks” (CGB) to convert gift card balances to digital cash, letting users spend their balances on anything. To use the service, customers create an account and load gift card balances into their digital wallets. Centz then converts the card balances into CGB and gives it to users in a single, spendable....
Airbitz, the mobile bitcoin wallet, has integrated Fold, the Starbucks gift card app that accepts bitcoin payments, into its own app. In announcing the Fold offering, Airbitz said it will be helpful for people new to bitcoin and will encourage more consumers to start using bitcoin. The Fold app also allows users to receive discounts at Target and Whole Foods Market. Many bitcoin users already take advantage of the discounts Fold provides for Starbucks gift cards; users get a 20% discount paying with bitcoin. Airbitz Streamlines The Fold Process. Airbitz has further streamlined the process....
From Gyft to Fold App to Yes To Bitcoins, there are numerous places you can buy gift cards with Bitcoin. See our list below for more. #1. Gyft - Gyft is a digital gift card platform that lets you manage your gift cards, as well as enables businesses to offer easy reward and loyalty programs. The site recently saw a drop in usage by Bitcoiners of 80%. #2. Fold App - With the fold app, you can get a cup of coffee at Starbucks. Foldapp CEO Matt Luongo told CCN his company had delivered more than 2,000 purchases by summer 2015. #3. Purse.io - Purse.io hooks Bitcoiners up with people who have....
Airbitz, a mobile wallet that includes a location-based directory of companies that accept bitcoin, has officially announced a partnership with Fold, which will allow users to purchase Starbucks and Target gift cards at a discount directly inside the wallet. Fold, which was launched in 2013, allowed users to purchase Starbucks cards at a 20 percent discount using bitcoin. While only Starbucks and Target are currently supported, Fold is looking to integrate Whole Foods, CVS, and Home Depot, according to a recent interview with Fold Founder Matt Luongo. "We've also been looking at Walmart,....