Gyft Sees Bitcoin Usage Drop By 80%
Photo Credit: Wikipedia. According to Vinny Lingham, CEO of digital card platform Gyft, when the company first integrated bitcoin payments they accounted for 90% of the company's sales. Although Paypal and credit card purchases made up the remaining 10%, Mr. Lingham has stated to CoinDesk that the field has shifted dramatically. Since the initial bitcoin integreation in 2013, Gyft has seen an incredible 80% drop of bitcoin's usage, leading to a complete reversal of purchasing trends - now Paypal and credit cards make up 90% of the payment methods, while bitcoin hangs on at 10%. Lingham....
Related News
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....
Gift card-buying service Gyft has today announced the introduction of what has been aptly named Gyft Points, a program which allows users to earn 3 percent back in points (where each point is the equivalent of one U. S. penny) in purchases going back to the first day the user originally joined Gyft. These points can subsequently be used on future gift card purchases. "If anyone has ever questioned the benefit of using Bitcoin vs a credit card - we now have an answer to that! We think this is the best rewards program available anywhere - beating all major credit card companies and we're....
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....
Gyft is now offering shoppers the opportunity to buy Dell products for bitcoins. Neither Gyft nor Dell need much of an introduction: Michael Dell's empire remains one of the biggest PC makers in the market, while Gyft allows users to buy mobile gift cards that can be redeemed in several major merchants in the US. Dell offers free five to seven day shipping and the usual Gyft discounts seem to apply. You can collect points by using Gyft cards and save up to 3% per purchase. It doesn't sound like much, bit it adds up if you are planning a big purchase like a pricey 4K/UHD monitor. Of course,....