Categories: CryptoNews

Lack of Starbucks Gift Cards Makes Fold App Less Favorable

Fold has quickly become one of the most popular Bitcoin services around the world, as they let users spend Bitcoin at Starbucks locations which accepts payments in US Dollars. However, the service has been down for quite some time now, and it does not look like a resolution is in sight.

Fold Issues Continue To Great Dismay

People still fail to understand how the Fold service works behind the scenes by the look of things. This company acquires Starbucks gift cards at a discounted price, which are then used to sell the balances to Bitcoin users all over the world. However, if there are no gift cards on the market, it is hard for Fold to offer their regular services.

This has caused a lot of dismay among Bitcoin community members so far, as some people seem to be striking out time and time again when trying to use the Fold app. It is a streak of bad luck if this happens, though, as the company is working very hard to ensure their can offer the service at any given time. Unfortunately, growing demand is also a downside of becoming very popular, but things will get sorted in the end.

Some Reddit users have made a mention of how they stopped using Fold altogether due to this inconvenience. However, considering how the service is still in beta at this time, it is hard – and rather unfair – to blame the company for a lack of gift cards being sold on the market right now. After all, guaranteeing that 20% discount on the next Starbucks order is not created out of thin air.

Related Post

Luckily, some other parts have integrated the Fold Ap in recent times. Both Airbitz and Purse.io offer access to this platform as well, and one Reddit user mentioned how he is getting a slightly different discount when paying for Starbucks with Purse.io. These types of claims always have to be taken with a grain of salt, though, as not not everyone in the world will have a similar experience.

Increasing company inventory will be a difficult task for Fold, as they rely on the free market of gift cards. Everyone wants to get the most bang for their buck, which only makes sense in these times of financial hardship. That being said, Bitcoin users should help raise awareness of how Fold pays users for their unspent Starbucks balances. Together, the Bitcoin ecosystem can grow.

Source: Reddit

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

WIF Set to Overtake BONK? Lunex Soars with 100x Potential in Altcoin Season

As altcoin season heats up, all eyes are on the rising stars—especially Lunex, which is…

3 hours ago

Binance Coin Price Dips: BNB Holders Rush To Lunex Presale To Hedge Their Long Positions

While the broader market witnessed a notable upward movement, Binance Coin (BNB) experienced a decline…

3 hours ago

Crypto Stalwarts Forecasted 800% Growth in Innovative Projects: VeChain, Rollblock and Polkadot!

This blazing crypto bull run has investors looking for the next top altcoins set to…

3 hours ago

Dogecoin Price Set To Recreate 36,000% Rally From 2021 After Pennant Formation

The Dogecoin price is back in the limelight, captivating the crypto world with its recent…

3 hours ago

Is XRP About to Explode? How Trump’s Victory Is Affecting XRP Price Amidst JetBolt Growth

Ripple’s XRP showed a 68% price increase in the last 7 days following Trump's victory,…

3 hours ago

Ethereum Down While Bitcoin, Solana, and JetBolt Skyrocket In End November 2024

Ethereum stumbles as Bitcoin surges past $97K, Solana eyes new highs, and JetBolt’s presale shakes…

6 hours ago