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Topic
Board Service Discussion
Providing Cryptocurrency Gift Cards in local stores: idea versus team
by
yoona
on 01/02/2018, 09:14:32 UTC
Hi there

I'm part of a bounty campaign for a project aimed to provide cryptocurrency gift cards in local stores. The ICO is about to start and I'm having a hard time decide if and how much ETH to put in there...

The official ANN thread can be found here: https://bitcointalk.org/index.php?topic=2691131.0

As far as the idea goes, I'm sold. Can you imagine just going to your local grocery store and find some Bitcoin and Ethereum (gift-)cards next to the iTunes and Google Playstore cards? I've already gifted some of my more crypto resistant friends with the gift of Ethereum, and I'm sure this will / could make even more people curious.

But of course there's the legal part as well which I think might be more difficult than you might imagine. Even though it might be somewhat comparable to getting crypto through an ATM, I do think there'll be more opposition from certain governments that aren't like, crypto-friendly: such as the USA / China / ...

To conclude with my final point of concern: a rather young and unknown team. Of course this doesn't mean much, I also found the team's LinkedIn profiles here since they aren't listed on their site: https://icoholder.com/en/ico/etcetera-17359 they're mostly located in Belgium which is not the worst country to start such a project in my opinion...

So I was wondering if this service of providing cryptocurrency giftcards in local stores could be feasible? They ask for a 6% fee for every card purchased, but as most of you know, cryptocurrency ATM's are not quiet less in fee at all...

Perhaps I'll see how far they went at the end of the day (40% bonus for today only apparently) and decide then...