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Author Topic: [2015-08-31]CCN-GYFT SEES BITCOIN USAGE DROP BY 80%  (Read 149 times)
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August 31, 2015, 07:54:02 PM

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.
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