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Block 869,313

From Snacks Newsletter:

Since TGI Fridays filed for bankruptcy, its franchisees have worried that customers are going to rush to redeem $50M worth of unused gift cards that never expire. Their value is said to exceed TGIF’s available cash, sparking fears of a bank run on potato skins.

The double edge sword of using gift cards!

Never been to this restaurant but definitely heard of it.

Bank run on potato skins. Hilarious.

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It’s a staple here in USA

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Reminder that gift cards are basically privately issued fiat.

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Yeah it allows businesses to side step expensive payment providers like credit and debit cards

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Starbucks is actually a bank.

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And McDonalds is a real estate company.

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This is just poor planning.

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