Gyft Sees Bitcoin Usage Drop By 80%

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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 […]

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