16 May '13, 10am

You can spend bitcoins at your local mall - CNN #bitcoin

You can now spend bitcoins at your local mall. But is anyone actually doing that? Last week, bitcoin payment processor BitPay announced a deal with Gyft , a seven-month-old Google Ventures-backed software app that lets users buy and upload retail gift cards to Android-based smartphones. The partnership will allow customers to use bitcoins to buy gift cards for stores such as Gap (GPS , Fortune 500 ) , Lowe's (LOW , Fortune 500 ) , Sephora, GameStop (GME , Fortune 500 ) , Burger King (BKW ) and over 200 other retailers. While those stores won't handle the bitcoin transactions themselves -- that's done by Gyft and BitPay -- it brings the number of locations where customers can effectively pay with bitcoins from around 8,000 nationwide to over 50,000, according to BitPay co-founder and CEO Tony Gallippi. "This really does open the door to retail use of Bitcoin," said Gallippi...

Full article: http://money.cnn.com/2013/05/16/technology/innovation/bit...

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