Giftcards By BIDALI: Buy Giftcards With Bitcoin And Cryptocurrencies?

What Is Giftcards By BIDALI?

Bidali Gift Cards is an online platform that enables consumers to convert their Bitcoin, Litecoin, and Ethereum to fiat and purchase gift cards from some of the world’s major retail brands including Amazon, Best Buy, Uber, Nike, Bed Bath and Beyond, Apple Music, Barnes and Nobles, and many more.

Apart from enabling users to purchase gift cards with cryptocurrencies, Bidali Gift Card seeks to enable cryptocurrency users to realize the value of their cryptocurrencies by providing them with an opportunity to use their digital assets to purchase high quality gift cards.

The Gift Card platform is one of the projects of Bidali, which is a blockchain-based platform that aims at creating high quality products for its users while providing developers with tools that will increase the accessibility and usability of cryptocurrencies and thus improve the mass adoption of cryptocurrencies as a transaction method.

How Giftcards By BIDALI Buy Giftcards With Bitcoin And Crypto Works

Currently, the platform only sells electronic gift cards that are sent to the customer’s email. To purchase a gift card, a customer clicks on the button besides the gift card and they will be redirected to a webpage where they could add their desired gift card to the cart. Once the Bidali Gift cards platform receives the payment confirmation on the blockchain, the customer will receive the gift card.

The duration it will take for the gift card to be emailed to the user depends on the network speed of the currency used to make the payment. However, the standard time is usually five minutes after the confirmation of payment.

A Means Of Bridging Payments

The Gift Card platform will utilize the Bidali payments systems as a means of bridging payments to enable the users to spend cryptocurrencies in retail and merchant businesses that do not accept cryptocurrency as a payment method.

The cryptocurrency to fiat exchange rate are calculated based on the market rate and a small percentage is added to cover for the market volatility. This ensures that the exchange rates remain fair and no money is lost on the transactions. Additionally, the Bidali Payment system used reduces the volatility of transacting using cryptocurrencies.

Giftcards By BIDALI Benefits

Supports Multiple Payments Methods

Currently, the platform supports payments using Bitcoin, Litecoin, and Ethereum and in the future, more cryptocurrencies will be accepted. The platform will also sell the gift cards in both Canadian and US dollars.

No Additional Fees

The platform does not charge any additional fees on gift card purchases. The platform generates income from commission on the cryptocurrency to fiat exchange rate and the profits from the sale of the gift cards.

Easy Conversion

Bidali Gift Cards provides cryptocurrency users with a quick and easy way for converting their cryptocurrency to fiat currency and use it to make purchases in over 120 major retail shops in North America.

Safe And Secure

Purchasing of gift cards on the Bidali Gift Card platform is safe and secure as it is compatible with most of the cryptocurrency wallets, therefore, users can use their cryptocurrency wallets such as MetaMask, Evercoin, Mycelium, MyEtherWallet, Jaxx, Trust Wallet, and more to pay for their purchases.