Thursday, May 16, 2013

Use Bitcoins Indirectly for Purchases at Gap, Lowe's, Game Stop and Burger King

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, reports CNN.

The partnership will allow customers to use bitcoins to buy gift cards for stores such as Gap, Lowe's, Sephora, GameStop, Burger King and over 200 other retailers.

The 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, according to CNN.

"This really does open the door to retail use of Bitcoin," said Gallippi. "I think it will drive adoption."


  1. I know this is a really dumb question, but why would I pay for something with a complex network of payment processors instead of just using my credit card?

    1. Privacy and tax evasion (a good thing)

    2. I would suggest that the Gap, Burger King and other mainstream vendors aren't going to protect your privacy...and are not going to NOT charge you sales tax.

      The gov't has them by the balls.

  2. If you think Bitcoin offers privacy, you clearly don't understand the system. It carries a complete history of anyone who has used it every transaction. Truly an NSA wetdream. Hell, the NSA probably built it...


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