Cake Wallet launches 'Cake Pay' gift card marketplace

Cake Labs¹ has launched Cake Pay², a gift card marketplace which allows Cake Wallet³ and Monero.com⁴ app users to instantly purchase gift cards with XMR, BTC and LTC:

We are extremely excited to announce Cake Pay! Cake Pay is the largest update to Cake Wallet and Monero.com, ever.⁵

Overview

• Only email needed
• Buy arbitrary amounts, eg: $354.23
• Save 1-3% on ALL supported merchants
• Most cards work both online and in-store
• Works at over 150,000 locations in the US
• Brand new cards through authorized sellers
• Instant acceptance

The marketplace was first announced in June 2022. Read the previous Monero Observer report⁶ for more details.

Note that not everyone in the Monero community is happy with Cake Pay and their current privacy policy⁷:

[..] I cannot support or endorse Cakepay (ArticMine)⁸

[..] users should at least be informed about their policies .. which they seem to try and drown under a sea of “sponsorships” (r4v3r23)⁹

This is an ongoing story and the report will be updated when new information is available.

Update 22/8/5: Vik Sharma will introduce Cake Pay in the next Monerotopia episode on Sunday (Aug 7) at 11AM-EDT/5PM-CEST¹⁰.

Update 22/8/7: added link to Douglas Tuman’s short clip in which he uses Cake Pay IRL¹¹.

Update 22/8/7: added notice, quotes, and links to Cake Pay privacy policy⁷ (thanks to r4v3r23¹² for the news tip).

Update 22/8/16: Cake Pay users will also be required to provide an App ID along with an email¹³.

Update 22/12/18: service expanded to 140+ countries¹⁴.