Topic: Providing Cryptocurrency Gift Cards in local stores: idea versus team (Read 106 times)
February 01, 2018, 05:46:19 PM
The idea sounds cool by itself but I can't stop thinking about how scammers may use them. Like take those cards, withdraw coins and somehow restore the card. I know that it is only a fear but I can't trust this thing. The biggest problem with the government that I see is the price of the card. It should be reasonably changed every time the price go up and down. That won't look good if the store will show in accounting that they sold one card for 5$ and the other one for 10$ despite they were the same. Most countries are controlling this type of pricing.
February 01, 2018, 03:29:59 PM
Gift cards with cryptocurrencies would be awesome. As I understand that right,:customers would get whole wallets with private keys. But there is a problem like on physical Bitcoin. You need a trustable centralized service, which garants the correct amount and that it will not be moved out the wallet, except from buyer. I don't know, how ATM work. Probably similar. Or is there another solution to asure, that buyers will get their cryptocurrencies? If they found a secure way it could grow fast and find the way to several shops.
February 01, 2018, 04:14:32 AM
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://bitcointalksearch.org/topic/annico-etcetera-bringing-cryptocurrency-gift-cards-to-local-stores-2691131
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...
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://bitcointalksearch.org/topic/annico-etcetera-bringing-cryptocurrency-gift-cards-to-local-stores-2691131
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...
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