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NEW YORK, May 4, 2021 /PRNewswire/ The global gift card market by type (e-gift cards and physical gift cards) and geography (North America, Europe, APAC, MEA, and South America) has been added to Technavio s offering. The global gift card market is expected to grow by USD 527.11 billion, at a CAGR of over 14% during 2020-2024.
Technavio has announced its latest market research report titled Gift Card Market by Type and Geography - Forecast and Analysis 2020-2024
The rapid surge in the number of COVID-19 cases led to the temporary closure of various businesses in 2020. To help such businesses, several governments have designed gift card programs that can provide immediate cash flow to ensure businesses run smoothly. For instance, the Government of Prince Edward Island, Canada, has partnered with Sobeys on the PEI Employee Gift Card Program. The temporary program offers a USD 100 Sobeys gift value to every employee, living and working on Prin
CoinFlip launches eGift Card Marketplace
CoinFlip, a global Bitcoin ATM operator, this week announced the launch of its eGift Card Marketplace offering gift cards for purchase online using Bitcoin, Ethereum and Litecoin. With coronavirus expected to push shoppers online in record numbers this holiday season, CoinFlip customers can now turn crypto into more than 250 popular eGift Cards for U.S. and global brands, including streaming, retail, fashion, entertainment, and more. CoinFlip said it is the first Bitcoin ATM operator to offer an online gift card mall through a partnership with eGifter.
“Crypto is continuing to grow in popularity, with a recent survey conducted by CoinFlip finding almost 20% per cent of Americans have invested in or purchased cryptocurrency,” said Daniel Polotsky, CEO of CoinFlip. “Our partnership with eGifter is another avenue we’re offering to our customers to transact in Bitcoin, Ethereum, and Litecoin, and turn their crypto into eGift cards.”
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BitPay Adds New Clients, as Crypto Firms Raise More Funding in Q1 2021 than All of 2020, Crypto Market Surpasses $2.2 Trillion
The team at
BitPay, a leading cryptocurrency payments platform, notes in their regular monthly update report that it has been another busy month in the world of digital currencies.
BitPaywrites in a blog post that they continue to welcome new merchants while offering new products and services that make crypto transactions simpler and “more profitable” than ever for the international business community.
According to BitPay, some of the most significant “happenings” in crypto during the past month are as follows: