BUY BITCOIN
Best Buy fanatic? Some good news coming your way.
Popular gift card-purchasing retailer Gyft — well known in the cryptocurrency community for accepting bitcoin — is now offering e-gift cards for electronics retailer Best Buy.
Seemingly scores of users have been begging for the addition, and now it’s here. But that addition comes with a little bit a of letdown, so we’ll make you aware of that right off the bat.
See, Gyft is only allowing users to purchase up to $10 worth of store credit. The strict limit was met with confusion this morning on social sharing website Reddit.com.
“But why only $10?! That kind of sucks..,” said one user. “Considering almost everything [at] Best Buy is well over $10.”
But as is almost always the case, an explanation is readily available.
Gyft co-founder and CEO Vinny Lingham made it clear that the limit is only temporary, adding that the particular connection to Best Buy is still in a testing program of sorts.
“You got us,” he responded a couple of hours later. “We’re still in testing mode, but should have many more the denominations up within the next day or two.”
“We just want to make sure everything works 100% before opening up more,” he added.
Gyft has quickly become the bitcoin community’s go-to place to acquire gift cards, which allows enthusiasts to spend their bitcoin at retail outlets that do not yet accept the digital currency.
Some of Best Buy’s online competitors already accept bitcoin directly, however, which includes TigerDirect and Newegg. The question now is: when will Best Buy hop on the bitcoin train themselves?
