09 May '13, 7pm

Gyft Opens Bitcoin Acceptance to 50,000 Merchant Locations

Gyft Opens Bitcoin Acceptance to 50,000 Merchant Locations

Through a partnership with Bitcoin payment processor BitPay Inc., Gyft now accepts bitcoins for its mobile gift card product. This extends the virtual currency's reach to more than 50,000 retail locations. "The biggest issue with Bitcoin to date is: Where do you spend these bitcoins?" says Vinny Lingham, CEO of Gyft. With its approximately 200 retailer relationships, including Burger King, Lowes, American Eagle and Nike, Gyft gives Bitcoin users more options. Gyft supports Bitcoin purchases only on the Android platform. Vinny Lingham The Bitcoin currency is designed to be a digital alternative to cash. A few high-profile companies, including WordPress and Reddit , accept bitcoins directly, but most merchants do not. BitPay's arrangement with Gyft "opens the door to let people that have bitcoin spend them at major retailers," says Tony Gallippi, co-founder and CEO of BitPay...

Full article: http://www.paymentssource.com/news/gyft-opens-bitcoin-acc...

Tweets

Bitcoin Magazine Congratulates Gyft’s Opening of 50,000 Locations to Bitcoin via BitPay, Inc #bitcoin

Bitcoin Magazine Congratulates Gyft’s Opening o...

bitcoinmagazine.com 09 May '13, 2pm

Just this morning, BitPay, Inc announced it’s newest merchant, Gyft. Gyft, a mobile gift card platform, added support for ...

Mobile Gift Card App Gyft Partners With BitPay To Start Accepting Bitcoin Payments In Its Android App

Mobile Gift Card App Gyft Partners With BitPay ...

techcrunch.com 09 May '13, 2pm

How do you feel about the recent stories of DDOS attacks that have affected bitcoin and how that’s perhaps scared some peo...

.@humble now using Coinbase merchant tools for ...

blog.coinbase.com 09 May '13, 8pm

Humble Bundle now accepting Bitcoin using Coinbase bitcoin merchant tools Humble Bundle, known for its flash sales of mill...

Peter Thiel's Founders Fund invests $2m in Bitpay, a #bitcoin merchant processor

Peter Thiel's Founders Fund invests $2m in Bitp...

americanbanker.com 16 May '13, 7pm

BitPay, which processes payments for merchants in the virtual currency Bitcoin, has attracted some investors with a pedigr...

Driving #Bitcoin adoption of wary merchants, afraid of losses during volatility. @CryptoStreet @gyft

Driving #Bitcoin adoption of wary merchants, af...

paymentssource.com 21 May '13, 8am

Many merchants are still wary about accepting bitcoins, but new vendor partnerships and a maturation of the companies that...

Etihad opens new maintenance base in Singapore

Etihad opens new maintenance base in Singapore

arabianbusiness.com 09 May '13, 7am

Etihad Airways has opened a line maintenance base at Singapore's Changi International Airport, the carrier's eighth outsid...