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Re: Is there interest for bitcoin gift cards?
by
Severos
on 15/02/2018, 17:37:04 UTC
I thought that gift cards are being given by Amazon or similar sites like eBay? So this gift card that is being talked about, will it allow people to purchase on Amazon and other online shops, including offline?

This gift card stores the value in bitcoin, you can use them after that to buy things at any place that accepts bitcoin.


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.

A presentable gift card will be really great like in marketing strategy, you will get the attention of the consumers. People will get more curious about what are these cards all about. As what I've said previously in my reply, disposable and temporary wallet as it is. In fact that when these gift cards you're gonna sell will boom out, then you could prove a stable business right there, my friend. However there will always be a threat when you succeed in this type of business, it is the price. Somehow I don't see it as a major threat instead I still see it as more of a great way to save Bitcoin from such crashes. Why?

*As what I've said, you're marketing 2 things: Bitcoin and your business. It is both beneficial. There will be investors in the market same goes for that money to your profit. I'm talking about large factors affected in here. A serious business with Bitcoin could impact the whole economy.

*Since it is a business, you can't expect to monopolize it, people will start up their business the same as yours and you will compete. It is to be expected and it contributes to the economy because people will recognize Bitcoin and the whole crypto currency. Through competition, it generates attention due to media and the technology advancement of your country (might vary sometimes).

*You're not just saving one coin from such crashes. Since Bitcoin is like the mother of the cryptos, people will tend to explore more in the crypto. There will be various investors in various coins.

This is a bit of too much large point because I'm talking about the economy right here, but I'm pointing out the things that will be greatly affected once these simple gift/prepaid cards starts to be implemented that will turn the economy up. This is a green light for me, I could somehow regulate the financial system of a country.

I've never really thought such small project could have such impact.