Centz, a digital currency service letting users convert gift carte du jour balances to cash, volition concur an ICO inwards November, hosted by OpenLedger.
Centz: Turn Gift Cards Into Digital Cash
Announcing its service at Money 20/20 inwards Las Vegas, Centz uses a specialized digital currency called “Centz Gold Bucks” (CGB) to convert gift carte du jour balances to digital cash, letting users pass their balances on anything. To purpose the service, customers practise an job organization human relationship as well as charge gift carte du jour balances into their digital wallets. Centz thus converts the carte du jour balances into CGB as well as gives it to users inwards a single, spendable lump sum.
According to Centz, users tin hand notice pass their CGB anywhere that accepts gift cards. If successful, this service could stand upwards to brand gift cards a to a greater extent than flexible as well as fungible method of gift-giving.
In a press release, Centz president Swen Swenson detailed his company’s finish inwards entering the gift carte du jour industry:
“Perhaps the biggest alter inwards gift-giving is the ascent of the virtual gift, inwards the cast of e-gift cards. These transactions volition last conducted online as well as novel forms of delivery as well as safety volition bespeak to last implemented every bit users discovery novel ways to purpose gift cards.”
Expanding on this notion, the companionship wrote inwards a press free that it believes the $160 billion USD gift carte du jour inwards America (processing $435 1000000 per day) needs innovation. They debate that upwards to xx pct of the to a greater extent than than 2 billion gift cards sold inwards 2015 volition never last used, making for $34 billion wasted.
Centz volition conduct keep rigid contest inwards the bitcoin space, however, amongst Gyft providing a like service that has seen broad success.
Doing the same procedure inwards reverse, Gyft lets users buy gift cards amongst bitcoin, storing a digital re-create of the cards inwards an online wallet. Gyft has been a pop service for bitcoin users wanting to pass their coins at places that don’t convey the currency straight — such every bit Amazon.
What practise y'all intend of this novel service? Let us know inwards the comments below.
Images courtesy of Centz.
Terimakasih anda telah membaca artikel tentang Centz Gift Card Service to Host ICO on OpenLedger. Jika ingin menduplikasi artikel ini diharapkan anda untuk mencantumkan link https://afbitcoin.blogspot.com/2017/08/centz-gift-card-service-to-host-ico-on.html. Terimakasih atas perhatiannya.