For many bitcoiners, Gyft provides a hugely important link between their BTC holdings and the brick-and-mortar world. By allowing gift cards to some of the world’s largest retailers to be purchased with bitcoin, often at a significant discount, Gyft is also one of the first companies to embrace the power of cryptocurrency in a real-world…
For many active bitcoiners, Gyft is solution to a major problem: Buying things with bitcoin at places that don’t accept cryptocurrency. The company provides digital gift cards for some of the best-known brands and retailers in the world, such as Whole Foods, Burger King, CVS and Game Stop. The company even returns 3% of the…
Only last month, bitcoin-friendly mobile gift-card app Gyft announced a major coup: Retail giant WalMart had joined their program. In a matter of seconds, users could convert their bitcoin stockpiles into real-world goods, completely sidestepping the need to convert funds to local currency. Not surprisingly, the move was hailed as a milestone in bitcoin history….
Mobile gift-card app provider Gyft had pulled something of a retail-store coup, officially adding retail giant Walmart to its merchant list. This slightly indirect buying method means that bitcoin-bearing shoppers can use their cryptocurrency at all Walmart and Sam’s Club locations in the U.S. (roughly 5,000 locations), although it is not clear if the cards…