THELOGICALINDIAN - Centz a agenda bill account absolution users catechumen allowance agenda balances to banknote will authority an ICO in November hosted by OpenLedger
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Centz: Turn Gift Cards Into Digital Cash
Announcing its service at Money 20/20 in Las Vegas, Centz uses a specialized agenda bill alleged “Centz Gold Bucks” (CGB) to catechumen allowance agenda balances to agenda cash, absolution users absorb their balances on anything.
To use the service, barter actualize an annual and amount allowance agenda balances into their agenda wallets. Centz again converts the agenda balances into CGB and gives it to users in a single, spendable agglomeration sum.
According to Centz, users can absorb their CGB anywhere that accepts allowance cards. If successful, this account could angle to accomplish allowance cards a added adjustable and changeable adjustment of gift-giving.
In a columnist release, Centz admiral Swen Swenson abundant his company’s ambition in entering the allowance agenda industry:
“Perhaps the better change in gift-giving is the acceleration of the basic gift, in the anatomy of e-gift cards. These affairs will be conducted online and new forms of commitment and aegis will charge to be implemented as users acquisition new means to use allowance cards.”
Expanding on this notion, the aggregation wrote in a columnist absolution that it believes the $160 billion USD allowance agenda in America (processing $435 actor per day) needs innovation. They altercate that up to 20 percent of the added than two billion allowance cards awash in 2024 will never be used, authoritative for $34 billion wasted.
Centz will accept annealed antagonism in the bitcoin space, however, with Gyft accouterment a agnate account that has apparent advanced success.
Doing the aforementioned action in reverse, Gyft lets users acquirement allowance cards with bitcoin, autumn a agenda archetype of the cards in an online wallet. Gyft has been a accepted account for bitcoin users absent to absorb their bill at places that don’t acquire the bill anon — such as Amazon.
What do you anticipate of this new service? Let us apperceive in the comments below.
Images address of Centz.
