Why Gift Cards Became a Game Changer for Cryptocurrency

For those trying to spend Dash on a regular basis, gift card services are a must. Services like Bitrefill, the Bitcoin Superstore, Coincards.ca, and GiftOff give the option to purchase from thousands of major retailers around the world with Dash, without the necessary step of onboarding the retailer to accept Dash payments directly.

Why gift cards and cryptocurrency go together

Gift cards are featured more prominently in the cryptocurrency world than in regular commerce, and this is not a coincidence. A key challenge to reselling gift cards online is the limitation of the available payment systems. Credit cards, PayPal, and other methods used in online commerce have reversible transactions. Because of this, it’s inherently risky to sell a gift card that can be spent instantly while the payment used to purchase it can be reversed later. Most major cryptocurrencies have irreversible transactions once confirmed on the network, at which point nothing short of a major…