Post
Topic
Board Project Development
Re: Digital Bitcoin Giftcards
by
dkbit98
on 25/10/2022, 18:18:59 UTC
The current ways to gift bitcoin are not great. They either require kyc or the gift recipient to download a wallet.
I am against asking people to complete any verification to receive bitcoin, but downloading a wallet takes only a few minutes and it's not that hard to accept coins after doing that.
There are also some web wallets, but I am not recommending to anyone, to avoid scam and phishing attacks.

I am prototyping a web app that lets a gifter load btc into a local-browser based wallet and send the gift recipient a digital giftcard that lets them then redeem the bitcoin. They would then be able to setup a wallet (if they wish) , buy an amazon giftcard, swap for another crypto etc. It would be a browser based wallet so I will be able to walk the user through whatever they choose to do with the btc with the gui.
I visited your website but nothing works there and nothing is happening when I click on all buttons and menus, so I guess it's just a mockup.
This is web wallet app, so what happens if you get ddos attacks and your website goes down, or get hacked are replaced with some malicious version?
Who is holding the keys for bitcoin and information for gift cards??

I have done research into past examples of non-custodial bitcoin gifting apps, but I wasn't able to find any. If y'all know of any I would love to hear about them. I would also love to hear any feedback, questions, or concerns about my idea that you have. Thank you for taking the time to read my project announcement.
I would prefer to see code being released as open source or source viewable, otherwise nobody would know what is happening behind the scenes.
There is a market for Bitcoin gift card, but I am not sure how this would be profitable for you, and would you charge some percentage fees or not?