Major Swiss retailers set to debut Bitcoin gift cards
Manor and Valora are leveraging the current crypto hype to sell Bitcoin gift cards in their stores across Switzerland. Switzerland’s crypto boom has entered another dimension with retailers rolling out Bitcoin (BTC) vouchers and gift cards.According to Swiss daily Tages-Anzeiger, Manor — the country’s largest department store chain — is already selling Bitcoin voucher cards in 59 of its branches.Meanwhile, the retail giant Valora will begin selling BTC gift cards in its kiosks across the country starting April 1.Dubbed “Cryptonow,” the Bitcoin vouchers are from the stables of Värdex....
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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.
Gyft, the app that enables you to “buy, send, and redeem digital gift cards” and pay in bitcoin has now added Starbucks to it’s list of over 200 retailers. Gyft’s story begins at TechCrunch Disrupt SF in 2012 where the company launched with the ambitious goal of becoming “the mobile gift card mall for consumers” and taking the then $100 billion market for plastic gift cards and moving it to the digital realm. Plastic gift cards cause problems for consumers and for merchants. Consumers often forget or lose gift cards and end up not using them. Unused gift cards are a pain for retailers....
Consumers in the UK can now use their bitcoin and other cryptocurrencies to buy gift cards for major online retailers like Amazon, Google Play Store, ASOS and Starbucks. Launched at the end of January, Pock.io has become the first British service to exchange retailer gift cards for digital currencies - with eight different cryptocoins currently accepted. Pock.io CEO and co-founder Rusty Nash said that the driving force behind the launch of this service was to make digital currencies more mainstream in the UK. Pock.io's business model is similar to that of the California-based mobile gift....
It wasn't long after the announcement that Coinbase raised $75 million in funding that Gyft announced they've modified their platform to work with the Coinbase wallet. Now that they allow for the purchase of bitcoins through different bitcoin methods, Gyft joins the ranks of the few companies that allow for this kind of diversification. "Gyft is all about choice and flexibility," said Vinny Lingham, co-founder and CEO of Gyft. "That's why we offer gift cards from hundreds of retailers and why we accept a wide variety of payments methods." According to Lingham, the company is excited about....
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....