While many retailers are still reluctant to embrace cryptocurrencies directly, there are a number of methods that allow crypto fans to use their holdings to make purchases. One of these is IPayYou, which facilitates the purchase of gift cards with merchants such as Amazon through crypto and the platform announced earlier this week that it has now added support for Bitcoin SV (BSV).
In a tweet from March 18, the company announced the support, stating, “@iPayYouWallet is the first and only #BitcoinSV wallet that allows you to transfer your #BSV value to http://Amazon.com with a simple, easy click-of-a-button. Brought to you by the former executive of http://Amazon.com – https://wallet.iPayYou.io/bsv/direct #MakingBitcoinSimple.”
Users can add funds to their IPayYou wallet and use the funds to purchase gift cards to retailers such as Amazon, Best Buy, Starbucks, eBay and more. There is also an option to purchase a Virtual Private Network (VPN) for added security when traveling on the Internet.
Users can also earn money by purchasing gift cards and selling them to the site. Additionally, the company will eagerly purchase any unused gift cards currently in someone’s possession. IPayYou announced last week that it “just added a new option to monetize your Amazon gift-card balance with Earn Bitcoin – *Physical Cards*! You may now send us Physical or Digital gift-cards and we pay you #BTC #BCH #BSV – same day! Same terrific service with fast payments. https://wallet.iPayYou.io/earn.”
According to the company’s website, it offers the first crypto wallet with an integrated shopping feature. It explains, “iPayYou is the first digital currency wallet that has integrated shopping in order to make your Bitcoin useful to you. Bitcoin is meant to be earned and then spent in ways that improves your life. We help you accomplish both. No more looking throughout the web to find merchants that accept Bitcoin. No more trying to figure out how to copy-and-paste addresses and amounts. We make shopping easy and fun – the way Bitcoin was designed to be spent.”
Only Bitcoin Core (BTC), Bitcoin Cash (BCHABC) and BSV are supported. The inclusion of BSV shows its increased popularity and continued position as the true legitimate Bitcoin. It is the only digital currency that still follows the original Satoshi Vision and complies with all the criteria to be rightfully considered as a digital alternative to fiat.
New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.