Author
Andy Watson
Please check out latest news, expert comments and industry insights from Coinspeaker's contributors.
Popular service of purchasing gift cards, Gyft, made a deal with Walmart. Now Walmart accepts bitcoin payments via giftcards.
Gyft, a popular service of purchasing gift cards via credit cards, PayPal and even bitcoin, which is based in San Francisco, had just added Walmart to its retail network.
This happed on 24th of March. By the way, the majority of bitcoin owners use the digital currency on buying stuff at outlets like GameStop, Sears, GAP, and so on.
The announcement was made un Twitter. The post read: “We are so so so excited to announce that Walmart is finally on Gyft. Enjoy gyfters!”
Walmart is the leading retailer with 11,000 locations in 27 countries with full-assortment supermarkets and gas stations. That means that Bitcoin customers finally got an opportunity to buy real items offline for a cryptocurrency.
“I think it’s pretty clear that we’ve built a great interface, we have great customers and we offer a great user experience. We’ve built a brand, and retailers see that we have a very valuable position as an alternative to the plastic gift card on the rack model.”, said the Gyft representative.
The deal was the result after the active calls of the customers of Gyft service to make a deal with the megastore, based in Arkansas. The bitcoin customers were really enthusiastic in posting on reddit forums about the decision of Target to join the Gyft network that was made last November.
Lingham stated that it is very exciting for his company to start anything like that. And he keeps his focus on other major retailers. Customers met the decision positively:
“I think it’s pretty clear that we’ve built a great interface, we have great customers and we offer a great user experience. […] We’ve built a brand, and retailers see that we have a very valuable position as an alternative to the plastic gift card on the rack model,” wrote one of the forum users.
The deal shows that Gyft is ready to continue to invest its resources into attracting new big merchants to the service, and this will let to the enlargement of the Bitcoin base.
