Post
Topic
Board Project Development
Re: If I'm right, this idea will make me a multi-millionaire
by
franky1
on 03/02/2016, 22:07:27 UTC
Hey! I did a lot of thinking & this thread is a follow up to the one I posted a few days ago here.
https://bitcointalk.org/index.php?topic=1347010.0

bitcoin business idea


THE NEW & IMPROVED BTC BUSINESS IDEA
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3). Store card bitcoin purchase


Let me know what you think! Would like some input on this!


people can walk into walmart and buy maybe an amazon card..
go to purse.io and other giftcard selling websites and trade that card in for bitcoin.

the funny thing is that purse.io has about a 30% premium.
EG
$100 giftcard is only offered $70 of bitcoins. and people are actually selling their giftcards for those low amounts
they then sell that $100 giftcard on for <$90 (yes bitcoin customers get a discount/bargain) and purse.io still makes upto 20% in the middle

i would say however, trying to get your own 'giftcard' on the shelves/racking of the major retailers is going to be the hardest thing you will ever do in your life.
i would suggest you research into purse.io business plan and ask them some questions. as they are far ahead in the bitcoin<->giftcard industry.