I think it is for the better. Digital gift cards are more convenient. Plus less paper and plastic use is a net positive for the environment as most people throw physical gift cards (that are redeemed digitally) in the trash anyways. Although it is good to acknowledge that people who will lose out on the attachment in physical sense, like wrapping it up for a friend and seeing the excitement on their faces or a kid or a teenager going getting a physical one with their pocket money cash. But this is mostly in the west though as in the East the concept of physical gift cards is long gone now and even kids spend money digitally through parental access payment methods.
I think it is for the better. Digital gift cards are more convenient. Plus less paper and plastic use is a net positive for the environment as most people throw physical gift cards (that are redeemed digitally) in the trash anyways. Although it is good to acknowledge that people who will lose out on the attachment in physical sense, like wrapping it up for a friend and seeing the excitement on their faces or a kid or a teenager going getting a physical one with their pocket money cash. But this is mostly in the west though as in the East the concept of physical gift cards is long gone now and even kids spend money digitally through parental access payment methods.