What are CoinGate gift cards and how do they work?

CoinGate gift cards are a digital product offered by CoinGate, which is a cryptocurrency payment gateway provider. These gift cards act as a means for users to spend their cryptocurrencies to purchase goods and services from various retailers without the need for those retailers to directly accept cryptocurrencies. Customers can buy these gift cards using their preferred cryptocurrency through the CoinGate platform. Once purchased, the customer receives a digital voucher equivalent to the value of the currency spent. This voucher can then be redeemed at specific online stores or businesses that have partnered with CoinGate, effectively bridging the gap between cryptocurrency holdings and traditional e-commerce spending. It's a convenient way for crypto enthusiasts to use their digital assets for everyday purchases, widening the usability of cryptocurrencies in the retail sector.