UK’s Giftchill Adds Crypto Gift Cards to Site

Online gift card retailer GiftChill has revamped its website and added new options for customers to purchase online gift cards with cryptocurrency, according to a Tuesday (Nov. 9) press release.

The new site will allow users to browse “hundreds” of featured virtual gift cards for different countries, order them online and check reviews.

Based in the U.K., GiftChill will accept bitcoin, ethereum, dogecoin, bitcoin cash, litecoin and USD coin (USDC), allowing users to only enter “the bare minimum” information when making a purchase and checkout through Coinbase.

Although users are required to register with the site, they can begin ordering cards almost immediately after registering.

The release notes that after the online purchase, customers should be able to get an instant gift card code delivered to their email address, along with instructions on how to use them.


Additionally, as the company doesn’t have to integrate with credit card companies or PayPal, GiftChill is able to cut down on overhead costs, which the release says will pass savings onto customers.

PYMNTS reports that holiday spending is approaching, with the reports forecasting a greater use of eCommerce this year as has been the trend since the pandemic began.

Read more: New Data Show 2021 Holiday Spend Depends on Availability, Ease and Satisfaction

According to the report, 90% of customers plan to shop online this year, which is a 13% boost from last year.

While around 40% of customers will make use of credit cards, 34% plan to use debit cards, while buy now, pay later (BNPL) will see a boost and gift cards will be used around the same as it was in 2020.

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NEW PYMNTS DATA: THE 2021 HOLIDAY SHOPPING OUTLOOK

About: It’s almost go time for the holiday shopping season, and nearly 90% of U.S. consumers plan to make at least some of their purchases online — 13% more than did in 2020. The 2021 Holiday Shopping Outlook, PYMNTS surveyed more than 3,600 consumers to learn what is driving online sales this holiday season and the impact of product availability and personalized rewards on merchant preference.