31 Aug '15, 7pm

Gyft Sees Bitcoin Usage Drop By 80%

Gyft Sees Bitcoin Usage Drop By 80%

229 SHARES Twitter Linkedin Facebook Pinterest Google Reddit 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 remains steadfastly fascinated by bitcoin, as he has since he spearheaded the endeavor to accept it as a payment option. "The reason we started [accepting bitcoin payments for gift cards] is because I am a bit of a bitcoin fanatic a...

Full article: https://www.cryptocoinsnews.com/gyft-sees-bitcoin-usage-d...

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