Bitcoiners in the United States can now buy gift cards between $25 and $500 with cryptocurrency and spend their digital money on groceries, gas, electronics, appliances and several different products.
Walmart has more than 4,700 stores spread across the country, a number that includes over 3,000 Walmart Supercenters. These establishments offer full-service supermarkets that sell all types of fresh food. And you can also use your Gyft card online, at Walmart.com.
Besides, Walmart also owns Sam’s Club, a chain of warehouse clubs that sell bulk grocery and general merchandise at a discount, which means there is another whole set of businesses where Bitcoins can be used.
“I think it’s pretty clear that we’ve built a great interface, we have great customers and we offer a great user experience. (…) We’ve built a brand, and retailers see that we have a very valuable position as an alternative to the plastic gift card on the rack model”, Gyft’s CEO, Vinny Lingham, told Coindesk.
Gyft is not the first gift card provider to team up with Walmart: the first company to do it was eGifter, on October 2013. Still, Gyft provides a unique service to its crypto-customers: a three-percent cashback on all Bitcoin purchases using its cards.
Featured image from Wikimedia