A crypto-currency world: Why Gyft’s CEO says bitcoin makes sense for international selling

bizjournals.com / Michael del Castillo / Sep 10, 2015, 4:28pm EDT

What’s the practical use of bitcoin? There are plenty of legitimate answers to that question, as today’s Consensus conference in Manhattan revealed. Here’s one that, given both the economic and political turmoil taking place in parts of the world, has some added value — bitcoin makes international commerce safer.

”If you are a retailer on-line, selling and shipping goods to another country, you are at risk,” said Vinny Lingham, founder and CEO of Gyft, speaking at the conference hosted by CoinDesk. “And that’s the bottom line. With bitcoin, you’re not at risk to ship internationally.”