Tag: gift cards

Crypto exchanges launch crypto gift cards

Banking & Finance

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Amidst rising investor interest, cryptocurrency exchanges have launched crypto gift cards as an alternative to traditional gifts like sweets given on Diwali and other festive occassions.

Bitbns has launched exclusive crypto gift cards.

“These gift cards will be available in multiple cryptocurrency options like Bitcoin, Ethereum and many more,” it said in a statement.

Starting on November 4, anyone can avail of the benefits of the crypto gift cards irrespective of whether they invest or trade in cryptocurrency, it said.

CrossTower

Similarly, CrossTower has also introduced an e-gift card feature that allows its users to gift cryptocurrencies of their choice to friends and families.

“Indian users can create a personalised gift card by adding their preferred cryptocurrency from CrossTower wallet, to generate a unique card ready for sharing,” it said.

Users receiving the e-gift card can redeem it at the CrossTower India App (Application) by sharing the voucher link in the ‘Redeem’ section, after registering with the platform. The cryptocurrency will be automatically updated in their CrossTower wallet.

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LIC Card Services, IDBI Bank unveils Shagun gift card

Banking & Finance

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LIC Cards Services with IDBI Bank has launched a contactless prepaid gift card called ‘Shagun’ on the RuPay platform.

“The purpose of this card is to expand the gift card market by replacing the cash to plastic market and to e-gift cards in future and also to contribute towards digital India,” LIC said in a statement on Friday.

For now, the card has been launched for internal use of LIC and its subsidiaries and associates but in coming months it will also be rolled out for the public.

“LIC Card Services plans to utilise its wide distribution channel for making it available to the public at large across all geographic locations,” the statement further said.

With three years’ validity, the card comes with flexible loading options of amounts ranging between ₹500 and ₹10,000. It is also accepted at merchant outlets and e-commerce websites in the country.

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