Using the Bitcoin Color Coin Protocol to issue Gift Cards for a Business

[box0214]

I was wondering if this was ever discussed.

I run a small repair shop and wanted to issue color coins as a way to manage store credit or technically gift cards. What are some pros/cons of using blockchain technology to do this? From my research the only viable options right now seem to be : coinprism / counterparty / nxt

coinprism - Sits on top of BTC blockchain. Has android wallet and site is mobile friendly for ios users. No built in exchange.

counterparty - Sits on top of BTC blockchain. no mobile app and only accessible via website. Has built in exchange.

nxt - Doesnt sit on top of BTC blockchain. Mobile app friendly for android and ios. Has built in exchange.

One issue i noticed with any of the 3 options above is: Even if you sent the colored coins to the users wallet, they have no way of sending it back or to someone else unless their wallet contains the native currency.

Thoughts?

[doof]

I was wondering if this was ever discussed.

I run a small repair shop and wanted to issue color coins as a way to manage store credit or technically gift cards. What are some pros/cons of using blockchain technology to do this? From my research the only viable options right now seem to be : coinprism / counterparty / nxt

coinprism - Sits on top of BTC blockchain. Has android wallet and site is mobile friendly for ios users. No built in exchange.

counterparty - Sits on top of BTC blockchain. no mobile app and only accessible via website. Has built in exchange.

nxt - Doesnt sit on top of BTC blockchain. Mobile app friendly for android and ios. Has built in exchange.

One issue i noticed with any of the 3 options above is: Even if you sent the colored coins to the users wallet, they have no way of sending it back or to someone else unless their wallet contains the native currency.

Thoughts?

Yes you can use coloured coins.  Yes you are right regarding "sending back".  You need the token of the underlying protocol (BTC) to send.

Good comparison, albeit on the coin prism site http://blog.coinprism.com/comparison-coinprism-counterparty-mastercoin/

[box0214]

one other solution was to also send a few .0001 btc's to the user so they can send back out when needed. it would be good if there was a service that monitored a btc wallet to make sure there is at least .0001 at all times and if there wasnt it would fill that wallet. im not sure if u can even send btc to a colored coin address.

[QuestionAuthority]

I was wondering if this was ever discussed.

I run a small repair shop and wanted to issue color coins as a way to manage store credit or technically gift cards. What are some pros/cons of using blockchain technology to do this? From my research the only viable options right now seem to be : coinprism / counterparty / nxt

coinprism - Sits on top of BTC blockchain. Has android wallet and site is mobile friendly for ios users. No built in exchange.

counterparty - Sits on top of BTC blockchain. no mobile app and only accessible via website. Has built in exchange.

nxt - Doesnt sit on top of BTC blockchain. Mobile app friendly for android and ios. Has built in exchange.

One issue i noticed with any of the 3 options above is: Even if you sent the colored coins to the users wallet, they have no way of sending it back or to someone else unless their wallet contains the native currency.

Thoughts?

Gyft is a leader at managing gift cards in the Bitcoin space. You might want to contact them to see if they can help you: https://www.gyft.com/blog/gyft-cloud-the-first-mobile-gift-card-solution-for-small-to-mid-sized-businesses/

If you use their service you will also be helping Ashton Kutcher get even more wealthy. Which is also nice. lol

[MicroGuy]

I was wondering if this was ever discussed.

I run a small repair shop and wanted to issue color coins as a way to manage store credit or technically gift cards. What are some pros/cons of using blockchain technology to do this? From my research the only viable options right now seem to be : coinprism / counterparty / nxt

coinprism - Sits on top of BTC blockchain. Has android wallet and site is mobile friendly for ios users. No built in exchange.

counterparty - Sits on top of BTC blockchain. no mobile app and only accessible via website. Has built in exchange.

nxt - Doesnt sit on top of BTC blockchain. Mobile app friendly for android and ios. Has built in exchange.

One issue i noticed with any of the 3 options above is: Even if you sent the colored coins to the users wallet, they have no way of sending it back or to someone else unless their wallet contains the native currency.

Thoughts?

This thread belongs in the Megageek subforum.  

[louise123]

one other solution was to also send a few .0001 btc's to the user so they can send back out when needed. it would be good if there was a service that monitored a btc wallet to make sure there is at least .0001 at all times and if there wasnt it would fill that wallet. im not sure if u can even send btc to a colored coin address.

OK, and who will be replenishing those addresses?
Oh, and I think one should be able to send coins to a colored coin address.

[bitpop]

Have you looked into omniwallet? It might just be counter party, I'm not sure.