“Recall that a big problem for Bitcoin is that it’s great in theory but, in practice, it’s not good for much besides speculating. One way this could change is by incentive programs like the one offered by online gift card service Gyft. The site, which offers users an online way to combine retail gift cards from places like the Gap and Target, is offering a 3% discount whenever someone uses its service to make a purchase with Bitcoin. The Gyft program is significant because it gives consumers a reason to use Bitcoin instead of a credit card. CEO Vinny Lingham said Gyft users are spending over six figures worth of Bitcoin every week on everything from big retailers to Whoppers at Burger King.”
Related posts:
Pro-Assad hackers target Marine Corps recruiting website
US calls Assange 'enemy of state'
Why Canadians want to retire in the U.S.
German Tax Officials Launch Nationwide Raids With Stolen Swiss Bank Data
China to offer tax breaks to foreign companies after GOP tax bill
Schoolboys told to imagine themselves as future prime minister justifying martial law
Billionaire investors take aim at Fed's policies at Sohn event
Web Pioneer Marc Andreessen Keeps Faith, and Cash, in Bitcoin
Mandarin Chinese Becomes New Language in the Classroom
Saudi Arabia Said to Ban Betting Against Its Currency
Syrian aircraft bomb Sunni militant targets inside Iraq
Oakland citizen activist says city worker assaulted him
Meredith Whitney on the Very Scary Municipal Bond Market
Meet the Mega Cops: High-Tech Crime Gear Transforms Police Work
Western powers to offer easing gold sanctions at Iran nuclear talks