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Centz Gift Card Service to Host ICO on OpenLedger

Source: bitcoin

centz

Centz, a digital currency service letting users convert gift card balances to cash, will hold an ICO in November, hosted by OpenLedger.

Disclaimer: This article is sponsored by Bitcoin PR Buzz.

Centz: Turn Gift Cards Into Digital Cash

 

Announcing its service at Money 20/20 in Las Vegas, Centz uses a specialized digital currency called “Centz Gold Bucks” (CGB) to convert gift card balances to digital cash, letting users spend their balances on anything.

To use the service, customers create an account and load gift card balances into their digital wallets. Centz then converts the card balances into CGB and gives it to users in a single, spendable lump sum.

According to Centz, users can spend their CGB anywhere that accepts gift cards. If successful, this service could stand to make gift cards a more flexible and fungible method of gift-giving.

In a press release, Centz president Swen Swenson detailed his company’s goal in entering the gift card industry:

“Perhaps the biggest change in gift-giving is the rise of the virtual gift, in the form of e-gift cards. These transactions will be conducted online and new forms of delivery and security will need to be implemented as users find new ways to use gift cards.”

Expanding on this notion, the company wrote in a press release that it believes the $160 billion USD gift card in America (processing $435 million per day) needs innovation. They argue that up to 20 percent of the more than two billion gift cards sold in 2015 will never be used, making for $34 billion wasted.  

Centz will have stiff competition in the bitcoin space, however, with Gyft providing a similar service that has seen wide success.

Doing the same process in reverse, Gyft lets users purchase gift cards with bitcoin, storing a digital copy of the cards in an online wallet. Gyft has been a popular service for bitcoin users wanting to spend their coins at places that don’t accept the currency directly — such as Amazon.

What do you think of this new service? Let us know in the comments below. 


Images courtesy of Centz.

 

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Centz Gift Card Service to Host ICO on OpenLedger

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OpenLedger: 3 New ICOs Have Crypto ‘Going Mainstream’

Source: bitcoin

openledger

LAS VEGAS — At CoinAgenda, OpenLedger CEO Ronny Boesing said his company is “taking ICOs mainstream” by opening pre-investment to 3 new funding projects, all of which are unrelated to the cryptocurrency market.

Disclaimer: This article is sponsored by Bitcoin PR Buzz.

Three Companies to Draw Attention to Blockchain Through OpenLedger ICOs

 

Boesing said that the three incoming ICOs will be fore Apptrade, Centz and Beyond the Void, all of which will reportedly attract institutional investors to the ICO funding method.

“Apptrade, Centz, and Beyond the Void all show applications of blockchain technology to mainstream audiences,” Boesing said. “By accelerating their ICO crowdfunding, we’ll accelerate the spread of ICO culture and practices as well.”

Apptrade brands itself as “the stock market of apps,” combining ICO investment with token trading to, according to OpenLedger, “revolutionize how the app industry gets funding.

In a press release, OpenLedger explained that Apptrade “helps publishers leverage their exposure with cross-marketing and collaborate funding via app portfolios.”

The platform competed in front of BitAngels investors this week at CoinAgenda.

Centz is a gift card service, making balances on all gift cards tradable for a specialized currency called “Centz Gold Bucks.” According to the service’s website, multiple gift cards can be lumped into one spendable sum on a mobile wallet, including cards with fractional balances. The comapny also claims to provide a “comprehensive approach” to security and fraud prevention.

Finally, Beyond the Void is an upcoming MOBA game that centers around battling spacecraft called “motherships.” The game will use a blockchain-based token system to facilitate buying and trading vanity items for player personalization. Developers told press that this item market will make up the game’s main revenue stream.

All three of these companies will launch ICOs on the OpenLedger cryptocurrency exchange, which has gained popularity in the blockchain community for hosting several high profile crowdfunding campaigns. The company recently began calling itself a “decentralized conglomerate” after adding services beyond cryptocurrency trading, including advertising, “blockchain talent,” and ICO marketing.  

Do you think these ICOs will draw mainstream attention? Let us know in the comments below.


Images courtesy of OpenLedger, Apptrade

The post OpenLedger: 3 New ICOs Have Crypto ‘Going Mainstream’ appeared first on Bitcoinist.net.

OpenLedger: 3 New ICOs Have Crypto ‘Going Mainstream’

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