CHICAGO, Sept. 22, 2020 /PRNewswire-PRWeb/ -- CoinFlip, the leading global Bitcoin ATM operator, today announced the launch of its eGift Card Marketplace offering gift cards for purchase online using Bitcoin, Ethereum and Litecoin. With the pandemic expected to push shoppers online in record numbers this holiday season, CoinFlip customers can now turn crypto into over 250 popular eGift Cards for U.S. and global brands, including streaming, retail, fashion, entertainment and more. CoinFlip is the first Bitcoin ATM operator to offer an online gift card mall through a partnership with eGifter.
"Crypto is continuing to grow in popularity, with a recent survey conducted by CoinFlip finding almost 20% of Americans have invested in or purchased cryptocurrency," said Daniel Polotsky, CEO of CoinFlip. "Our partnership with eGifter is another avenue we're offering to our customers to transact in Bitcoin, Ethereum and Litecoin, and turn their crypto into eGift cards."
CoinFlip is focused on delivering solutions that democratize access to essential financial services, especially for the unbanked and underbanked. Having no bank account or debit card can be prohibitive to purchasing goods and services online. A Q2 2020 report from the U.S. Census Bureau reports U.S. retail e-commerce reached $211.5 billion, up 31.8% from the first quarter, and 44.5% year-over-year. CoinFlip is allowing these populations to engage with the industry and buy eGift Cards using crypto to transact with merchants that don't accept Bitcoin, Ethereum or Litecoin directly.
"According to a recent report, the gift card industry will reach over $200 billion by 2024 with a CAGR of more than 9% from 2020-2024," said Tyler Roye, CEO of eGifter. "We are excited about our partnership with CoinFlip, which will allow their online customer base to access our platform via crypto and participate in this thriving industry."
eGifter offers 300 brands of digital gift cards to consumers. All of the gift cards are new (not resold), authorized by the issuing brands, and can be printed or presented from a mobile device.
Customers can access the CoinFlip eGift Card Marketplace at https://giftcards.coinflip.tech/giftcards. The Bitcoin ATM provider plans to offer eGift Cards at its growing network of over 900 ATMs nationwide in the future.
About CoinFlip:
In 2015, CoinFlip was founded in Chicago and launched Bitcoin ATMs to transform the cash-to-crypto market. CoinFlip cut the typical transaction fees by more than half, created an incredibly simple customer experience, and introduced 24/7 customer support that has since become the industry standard.
Today, CoinFlip is the leading Bitcoin ATM operator globally, with over 900 machines across 45 states and support for nine major cryptocurrencies. CoinFlip's goal is to advance crypto adoption, accessibility and liquidity to support communities, like the underbanked, who need it most.
CoinFlip's ATMs are on the frontline of a financial revolution, where bitcoin and blockchain technology can empower those who have been left behind by legacy institutions. Bitcoin and blockchain are our opportunities to create a better financial system.
For more information, please visit https://coinflip.tech and join the conversation on Facebook, Twitter, Instagram and LinkedIn.
About eGifter
The eGifter eGifting Platform™ was launched in 2011. We enable retailers and strategic partners to manage and grow their gifting and stored value programs. eGifter Rewards™ and our Gift Card API™ add gift cards to a wide range of corporate reward and incentive programs. On eGifter.com and our apps for iOS and Android we offer consumers a gift card marketplace and digital gift card wallet to buy gift cards, earn loyalty points, access flash sales, get cash back, send group gifts and save.
To learn more about eGifter's services for merchants and retailers, visit Corporate.eGifter.com. For rewards and incentives programs, visit eGifterRewards.com. For consumer gift cards sales visit eGifter.com or download eGifter's Mobile app available for iOS and Android.
Media Contact:
Delia Mendoza
Venture PR
(310) 500-9273
[email protected]
SOURCE CoinFlip
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