menu

New Service Lets People Trade In Unused Starbucks Cards For Bitcoins

New Service Lets People Trade In Unused Starbucks Cards For Bitcoins
technology

A demonstration of how the cryptocurrency is finding its way into mainstream retail.

Serena Chu
  • 6 february 2014

If you are among the many people who can’t seem to get a strong grasp on the buying power of Bitcoins, perhaps consider Card for Coin to do the bidding for you. Launched by software developer Matt Lungo, Card for Coin is online system that lets people trade in their unused Starbucks gift cards for Bitcoins.

Like all Bitcoin transactions, this system requires people to be in possession of a digital wallet. To help speed up the process of obtaining one, the website conveniently links to Coinbase, where it only requires an email address and a password to set up. Now the only thing left to do is to enter the gift card code and Pin into the designated areas on the Card for Coin site, trading is that easy.

As soon as the card balance is approved, users will receive an email notifying them of available credits. Though the system is extremely efficient to use, the only downside to it is that it charges a 30 – 40% courtesy fee. Other than that, the system presents an easy way for people new to Bitcoin to have a hand at the cryptocurrency. While Starbucks has no affiliation with the service, this unofficial exchange exemplifies the mainstreaming of the virtual currency.

Editor’s note: Card for Coin reports that they have stopped accepting cards temporarily to sort out regulatory issues.

Cardforcoin

Source: Coindesk

Images: Flickr

 

technology
Trending

Concept Artists And Scientists Form Partnership To Visualize The Future

Design
Automotive Today

Volvo’s Self-Driving Trucks Will Soon Be Put To Work In An Underground Mine

The fully-automated vehicles are part of a development project to help improve safety for workers

Op-Ed Today

Energy Expert: How American Consumers Are Taking Control Of Their Power Use

Jennifer Tuohy, green tech expert at The Home Depot, discusses green home technologies and developments for renewable technologies in US homes

Trending

Get PSFK's Related Report: Future of Automotive

See All
Work Today

Editorial Roundtable: How Will Companies Staff The Workplace Of The Future?

Managed By Q, Soma, Workbar, Primary, AltSchool and thinkPARALLAX examine the ways that a people-first workplace might disrupt the job hiring process

Related Expert

John Gerzema

Trends, Branding, Women Issues

Retail Today

Snapchat Reveals A Striking Pair Of Video-Recording Sunglasses

Spectacles make memories from your perspective and transfer them to the app

Fashion Today

100 Backpacks Made For The World’s Top Influencers

Heineken and TUMI have collaborated on a unique custom NYC-inspired bag

Financial Services Today

This Peer-To-Peer Insurance Company Is Powered By Bots

Lemonade is a new product designed to lighten the paperwork and provide instant, helpful service when needed

PSFK LABS REPORT

Future Of Automotive
Scenarios Driving The Digital Transformation Of An Industry
NEW

PSFK Op-Ed Yesterday

Modern Workplace Culture: No More Fat Cats Or Kissing Ass

Samar Birwadker, CEO & Co-Founder of Good & Co, on designing shared organizational values to optimize employee happiness and success

PSFK Labs Today

New Mentorship Ecosystems Benefit All Levels Of An Organization

PSFK’s Future of Work report explores how technology is being leveraged to support cross-team communication

Automotive Today

Uber Could Be Bringing Vertical Takeoff Transport To Your City

The ridesharing app is looking into the development of nimble aircraft for urban environments

Arts & Culture Yesterday

Small Urban Pavilions Create A Nature Refuge In East London

These relaxing micro shelters provide a haven amidst chaotic city environments

Travel Yesterday

Travel Laundry Pouch Washes Your Clothes Wherever You Are

The Scrubba Wash Bag helps anyone wash their clothes easily and quickly with just a little water and soap

Social Media Yesterday

Swipe Up To Register To Vote On Snapchat

The social platform has partnered with TurboVote to help young people easily enroll in less than one minute

Children Yesterday

Battle Card Game Promotes Childhood Vaccinations

An Australian doctor has developed a playful way to inform parents about immunization and entertain kids

PSFK LABS REPORT

Future Of Work
Cultivating The Next Generation Of Leaders
NEW

Fitness / Sport Yesterday

Oakley And Intel’s Sunglasses Give You A Built-In Personal Trainer Wherever You Go

The sunglasses/earbuds hybrid tracks your performance and lets you know how well your workouts are going

Experiential Marketing Yesterday

UNICEF’s ‘Time Machine’ Tells Stories With Data

An experiential installation at the UN General Assembly reminds us why every child matters

No search results found.