Bitcoin's tech could be used to prevent digital gift card fraud

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Daniel Cooper
March 17th, 2015
In this article: Gyft, SXSW, VinnyLingham
Bitcoin's tech could be used to prevent digital gift card fraud

Bitcoin may linger on the fringes of the mainstream, but plenty of companies are casting envious eyes towards the technology that underpins it. Just days after IBM announced a plan to use the blockchain as the basis for its own payments platform, Gyft has said that it's doing the same. The digital gift card company has revealed that it's looking into ways to "tokenize" gift cards and issue them on the blockchain for better theft protection. CEO Vinny Lingham has admitted that the company is a long way away from having a working prototype, but it's clear that Bitcoin isn't going anywhere.

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