Gift card retailers allow consumers to purchase gift cards using cryptocurrencies in the United Kingdom In the midst of the growing adoption of cryptocurrencies among consumers in the country, gift card retailers are also innovating with their services by offering consumers a variety of different payment options, including cryptocurrencies.
In November , UK-based online gift card retailer, Giftchill, announced that the firm had added new payment options for consumers to purchase gift cards with cryptocurrencies. According to Giftchill, once the gift card purchase is completed through the use of a crypto payment method, consumers receive the gift card code instantly to their email address.
As more and more consumers invest in cryptocurrencies, the publisher expects the adoption of gift cards to rise subsequently in the United Kingdom, as it is one of the most efficient and affordable ways to spend cryptocurrencies. Mergers and acquisition activities are growing in the French gift card industry With the gift card industry in France expected to record robust growth over the next four to eight quarters, mergers and acquisition activities are also gaining rapid momentum.
In September , Sodexo, the Paris-based global foodservice provider, announced that the firm had acquired a majority stake in French gift card startup, Wedoogift. Wedoogift offers corporate gift card solutions in France. The company has partnered with more than 7, corporate clients including SMEs, and marketing agencies. Therefore, with this acquisition, the publisher expects Sodexo to gain further market share in the corporate gift card segment over the short to medium term.
The publisher further expects more mergers and acquisition activities in the gift card sector over the next four to eight quarters in France. This will further intensify competition and innovation in the French gift card industry. Leading German retailers are launching gift card programs overseas Across Europe, the popularity of gift cards has increased over the last four to eight quarters. With consumers demanding innovative gift card solutions, Germany-based retailers are launching their gift cards for shoppers in other European countries.
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