BitPay's Copay wallet adds Amazon gift card option
BitPay's latest update of its Copay wallet will enable users to make bitcoin purchases of Amazon gift cards valued between $1 and $500 in penny increments. The gift cards are said to be more suitable for immediate use rather than long-term holding, however, because their valuation codes are only stored on the Copay app and are not backed up.

Good news for users of the Copay Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term wallet - you now have a new way to access all the millions of products on Amazon and some of its affiliated websites. BitPay Inc, has announced a new feature on the latest version of the Copay wallet - using bitcoin to purchase Amazon Gift Cards directly within the app.

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With the new feature Copay users can purchase Amazon gift cards for the exact USD value they need for a purchase, starting at $1 and increasing in penny increments all the way up to $500. The codes that represent the value are stored on the Copay app, but are not backed up with the bitcoin wallet backups - making them more suited for making an immediate purchase than for holding long term.

The last time we wrote about the online retail giant in the context of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term was in May when a former top Amazon executive launched a new Bitcoin wallet. Gene Kavner, a former Worldwide Director of Amazon Associates, the world’s largest affiliate program, created iPayYou - a Bitcoin wallet that enables consumers to cancel transactions.

Back in June Worldcore, a Czech Republic-licensed payment institution, began accepting bitcoin payments thanks to a partnership with BitPay. The digital banking firm offers its over 7,000 customers the ability to use the digital currency to top up their accounts and prepaid debit cards.