BitPay, the project that allows citizens to spend cryptocurrency in an accessible way, has announced that gift cards in the United Kingdom are now another purchasing option, reports Crowdfund Insider.
The publication notes that these gift cards could be for anywhere including Pizza Express, Nike, Ticketmaster, or even Uber. BitPay’s blog post on the news reads the following:
“Right now, not every major brand is accepting cryptocurrency. To help fill that gap, BitPay began offering the ability to purchase gift cards with crypto in the BitPay app. Now cryptocurrency users in the United Kingdom can buy gift cards In the BitPay app.”
Of course, this requires that you download the latest version of the application to do so.
“In addition to the exciting potential of smart contracts, BitPay chose to support blockchain payments on the Ethereum network for three main reasons:
First and foremost, many of our merchants, cardholders, and wallet users have been asking for this. Second, Ethereum has the second highest market share behind Bitcoin. Third, by supporting payments on the Ethereum network, BitPay will be soon able to support ERC-20 tokens, namely, stablecoins.”
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