2. Convenience: A physical gift card is a convenient way to gift Bitcoin to someone else. It eliminates the need for the recipient to have a digital wallet or to go through the process of setting one up. It also eliminates the need for the giver to understand the intricacies of digital currencies,in other words you don’t need a blockchain or exchange to buy or send bitcoins to your loved ones or even own one to yourself.
I have heard of digital Bitcoin gift card recently hosted on two exchanges "Binance & Remitano", but I think this is my first time of hearing about Bitcoin physical gift card and yet I seem not to understand this very statement you O.P gave above about physical Bitcoin gift card not needing blockchain and exchange for execution (Buying & Selling).
So can you please elaborate more how this physical gift card works, apart from the fact that it's a card designed for redeeming bitcoin.