Yes, I think it would be a very good idea because it could be used offline without the need of Internet connection, not only to make gift, but I think even to buy stuff offline.
I think you should hide its private key, like scratch off tickets of lotteries and similars. Then, if someone wanna claim the amount of cryptocoins, it will be enough to scrape it and uncover the key.
Current design goes with scratch off to reveal the private key, however I'm trying to think of something less traditional for that.
If I make a start up company for bitcoin gift cards, do you guys think there is enough interest for it?
I have a friend working on a nice design for the card, probably will include multiple designs to fit all customer's occasions (x-mas, birthday, daily gift, promo event, etc.). and I'm working on the technical part to make it require absolutely no trust between us (the company) and the buyers. It should be a nice way to give a gift to your family and friend, regardless if they're still getting into crypto, or already are working with it.
I do have some nice use cases that I can use for marketing later, but I'm a bit concerned about the start point.
Therefore, I'm asking you all guys, if there is such a thing (for BTC or whatever other crypto currency), would you guys be interested in buying/using it? and why?
Thanks in advance for you all.
I recently gifted some ether to my relatives in Christmas. I just printed a few paper wallets, transferred some ether and gave them. If you make a product with a nice design and more targeted to seasonal gifts I think you can succeed.
Now, be aware that security is a big issue here, so the process to produce these items must ensure that the private keys are not compromised at any moment. That can make the whole thing a bit more complex, but I encourage you to go ahead with the project!
Paper wallets are the traditional way, all I'll be doing is providing some fancy design to make the gift look better.
I'm working on solving the security issue currently since I don't want to lose customers on first sight, probably will need to write custom software to obtain the wallet keys then import them to another wallet.
They build a whole crypto currency for that reason, I haven't looked much into details but I found few key differences: they have set values for gift cards, while mine have custom values (you decide); they store value in fiat, while mine stores it in whatever crypto you used; they have an external system running for it which can have its own problems, while mine requires nothing extra (other than the reader properly).
A prepaid Bitcoin gift card isn't that kind of useful because you could just send some in his wallet as a gift. It could be applicable with a design but the thing is it could not prove its usefulness. A disposable wallet could be great where that will be your temporary wallet as of the mean time, but prepaid gift card where you can put it in your wallet is not that practical because the Bitcoin transaction itself is continuous and it is processed by the miner. Unless there is a server in the Bitcoin network that holds all these prepaid or credit funds that will be enabled once the prepaid code is activated with the use of internet, but it still all leads to the same concept that you're sending it to someone's wallet where you can just do it simply using Trezor or Ledger as it is a solid wallet for Bitcoin and any other currencies.
You have a nice point there. My point here (according to my current vision) is that I'm giving you a nice design to present it (and some other marketing stuff I'm working on), so instead of asking them for their address (then they'll know what you're up to), or creating an address and giving it to them (then they'll have to immediately move the funds) you buy a nice card with nice design and the value you wish, and give it to them with a smile on the face.