2013-05-09 PaymentsSouce.com - Gyft Opens Bitcoin Acceptance to 50,000 Merchants

[kiko]

http://www.paymentssource.com/news/gyft-opens-bitcoin-acceptance-to-50000-merchant-locations-3014087-1.html

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.

[BitshireHashaway]

This is great news in my opinion. I fully support bitcoins becoming a separate currency and as more and more stores accept it, it really makes the difference in my opinion. No one wants to use a currency not accepted anywhere.