Gyft to Embrace ‘Radical’ Blockchain Concept in Gift Card Fraud Fight

SXSWGyft CEO Vinny Lingham has announced prepare for his mobile gift card company to use bitcoin to make it possible for present card suppliers to provide more safe and secure, consumer-friendly digital items.

Announced at the yearly SXSW conference, the news was exposed throughout a conference panel that looked for to deal with the real-world applications of bitcoin, and consisted of Boost VC CEO Adam Draper; Chain creator Adam Ludwin; and ChangeTip CEO Nick Sullivan.

Currently in the R&D stage, the technology requirement would “tokenize” gift cards, enabling present cards to be transferred between peers and other digital wallets by utilizing colored coins, or bitcoin tokens, provided on the bitcoin blockchain.Continue reading at CoinDesk CoinDesk

Leave a Comment

Your email address will not be published. Required fields are marked *

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Scroll to Top