Categories: Bitcoin Business

eGifter Removes Coinbase Account Requirement For Bitcoin Payments

Click here to view original web page at www.livebitcoinnews.com

Things are constantly evolving in the world of bitcoin and cryptocurrency. eGifter, one of the world’s most popular bitcoin-to-gift card services, recently forced cryptocurrency users to have a Coinbase account. That restriction has been lifted ever since, as the company now accepts bitcoin payments through BitPay. It is good to see companies listen to their customers.

No More Coinbase Requirement for eGifter Purchases

When eGifter announced they would only accept bitcoin payments when the customer had a Coinbase account, the community responded with mixed reactions. Forcing bitcoin users to go through a centralized company collecting their personal information before they can make a payment seems rather strange. Although Coinbase is a solid exchange and wallet service, eGifter worked themselves into a corner a bit by going that route.

Thankfully, the company has seen the light and reversed their initial decision. It is once again possible to complete regular bitcoin payments through the platform without being a Coinbase customer. Instead, the company is now processing bitcoin payments through BitPay, the world’s leading bitcoin payment processor. This is a great change that will please a lot of cryptocurrency community members, that much is certain.

One thing that will remain a mystery is how big of an impact the decision to rely on Coinbase has had on the company’s sales. It is only to be expected the number of sales will have dwindled by a bit, as not everyone wants to rely on an exchange platform account to buy gift cards with bitcoin. Moreover, Coinbase is not available in all countries, which somewhat limits the appeal of this service as well. It is impossible to gauge the impact, although it seems safe to say switching to BitPay will allow sales volumes to pick up once again.

Companies have to take customer feedback seriously and act upon it as quickly as possible. In this case, that is exactly what eGifter did, and they should be applauded for doing so. Payment processors such as BitPay are a far better choice than using a bitcoin payment service provided by any of the centralized exchanges. Moreover, it allows for customers from all over the world to use eGifter services once again. All things considered, a very positive and welcome change.

JP is a freelance copywriter and SEO writer who is passionate about various topics. The majority of his work focuses on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all over the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Elizabeth White: Helping merchants join the Bitcoin vision

A huge part of making Bitcoin SV (BSV) the new currency of exchange for the world is in developing real… Read More

2 hours ago

‘Youngest Bitcoin Millionaire’ Willing to Stake it All on Metal Pay

Metallicus, the startup behind the peer-to-peer payments platform Metal Pay , received an undisclosed angel investment from the youngest bitcoin… Read More

2 hours ago

Privacy Crypto Dev Attempts to Expose Self-Proclaimed Bitcoin Creator

Anonymity and privacy are extremely important in the crypto industry. The original crypto that the entire industry is based on… Read More

2 hours ago

Bitcoin’s 2019 Gains Not Fuelled on Chinese Capital Flight Onlyh, Claims Circle CEO

According to Jeremy Allaire, the price increases in Bitcoin since the beginning of the year were driven by more than… Read More

2 hours ago

CZ Claims Binance’s Venus Stablecoin Project to Help Facebook’s Libra

Many deem Binance's newly announced Venus stablecoin project as a competitor to Facebook's Libra crypto. But Binance's CZ says otherwise.… Read More

2 hours ago

Bitcoin’s Satoshi Reveal Part 2: Lost Private Key, the CIA, & the Godfather

In part two of his 'Satoshi reveal', self-proclaimed Bitcoin creator Bilal Khalid unveils where all his bitcoins are and much,… Read More

2 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More