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Question: Would you buy such gift cards?
No. The idea suck. - 0 (0%)
No, but the idea is great. - 1 (16.7%)
Maybe, depends on design/price - 2 (33.3%)
Yes, but only a few (3~4 per year) - 1 (16.7%)
Yes, will buy them regularly. - 2 (33.3%)
Total Voters: 6

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Author Topic: Is there interest for bitcoin gift cards?  (Read 322 times)
Severos
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February 03, 2018, 07:34:50 PM
Last edit: February 05, 2018, 08:00:44 PM by Severos
 #1

If I make a start up company for bitcoin gift cards, do you guys think there is enough interest for it?

I have a friend working on a nice design for the card, probably will include multiple designs to fit all customer's occasions (x-mas, birthday, daily gift, promo event, etc.), and I'm working on the technical part to make it require absolutely no trust between us (the company) and the buyers. It should be a nice way to give a gift to your family and friend, regardless if they're still getting into crypto, or already are working with it.

I do have some nice use cases that I can use for marketing later, but I'm a bit concerned about the start point.

Therefore, I'm asking you all guys, if there is such a thing (for BTC or whatever other crypto currency), would you guys be interested in buying/using it? and why?

Thanks in advance for you all.

--Edit:
Here are some questions that we'd like you to answer in order to help us better shape the service:
1- Do you prefer a preset amount for each card? or would you like to charge it up to your liking?
2- Would you prefer a complete online order (even if it costs you slight privacy? specially when paying non-crypto like PP) or would you prefer to complete the deal at a shop with cash in hand and no personal info required?
3- If you answered 2 with completing at a shop, would you consider being a local distributor? why? and what would you expect in return?
4- Would you plan on buying larger quantities? continuous supply? or you just buy couple cards on special occasions and forget the service for the rest of the year? as this can affect the way to get local distributor.
5- Would you trust me/us/company to have the private keys in order to make things a bit easier at your end? or would you prefer spending extra couple minutes at your end to complete the deal without me/us/company having any way of touching the money in the card? note that this choice will affect the ability to recover the funds in case the card is lost, at the expense of storing some of your personal info, so this isn't for everyone.
6- Do you have expected shape/size/dimensions for the card? it might end up a bit larger than normal cards, but will make sure the space is well used.
7- What special occasions would you like to have the cards for? I'm not that cheerful person who remembers all occasions, the ones I have in mind right now are birthdays, x-mas and new year, not sure if you'd give bitcoin in valentine (there are more suitable coins for that Wink Wink)
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February 03, 2018, 08:33:48 PM
 #2

Yes, I think it would be a very good idea because it could be used offline without the need of Internet connection, not only to make gift, but I think even to buy stuff offline.
I think you should hide its private key, like scratch off tickets of lotteries and similars. Then, if someone wanna claim the amount of cryptocoins, it will be enough to scrape it and uncover the key.

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February 03, 2018, 08:50:27 PM
 #3

If I make a start up company for bitcoin gift cards, do you guys think there is enough interest for it?

I have a friend working on a nice design for the card, probably will include multiple designs to fit all customer's occasions (x-mas, birthday, daily gift, promo event, etc.), and I'm working on the technical part to make it require absolutely no trust between us (the company) and the buyers. It should be a nice way to give a gift to your family and friend, regardless if they're still getting into crypto, or already are working with it.

I do have some nice use cases that I can use for marketing later, but I'm a bit concerned about the start point.

Therefore, I'm asking you all guys, if there is such a thing (for BTC or whatever other crypto currency), would you guys be interested in buying/using it? and why?

Thanks in advance for you all.

I recently gifted some ether to my relatives in Christmas. I just printed a few paper wallets, transferred some ether and gave them. If you make a product with a nice design and more targeted to seasonal gifts I think you can succeed.

Now, be aware that security is a big issue here, so the process to produce these items must ensure that the private keys are not compromised at any moment. That can make the whole thing a bit more complex, but I encourage you to go ahead with the project!

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February 04, 2018, 04:34:11 AM
 #4

Paycoinly already has this https://bitcointalk.org/index.php?topic=2844702.0

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February 04, 2018, 04:36:26 AM
 #5

...I'm not sure what you mean OP. If you take Bitcoin and put the private key on a magnetic strip, where are you supposed to be able to spend that? Or is this meant to use the lightning network once it's fully functional and ready to go? I'm all for a Bitcoin pre-paid debit card dealio, but it's harder to do than it sounds.
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February 04, 2018, 04:52:00 AM
 #6

A prepaid Bitcoin gift card isn't that kind of useful because you could just send some in his wallet as a gift. It could be applicable with a design but the thing is it could not prove its usefulness. A disposable wallet could be great where that will be your temporary wallet as of the mean time, but prepaid gift card where you can put it in your wallet is not that practical because the Bitcoin transaction itself is continuous and it is processed by the miner. Unless there is a server in the Bitcoin network that holds all these prepaid or credit funds that will be enabled once the prepaid code is activated with the use of internet, but it still all leads to the same concept that you're sending it to someone's wallet where you can just do it simply using Trezor or Ledger as it is a solid wallet for Bitcoin and any other currencies.

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February 04, 2018, 04:53:11 AM
 #7

I think I will buy few Smiley

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February 04, 2018, 05:23:40 AM
Merited by paxmao (1), iasenko (1)
 #8

Yes, I think it would be a very good idea because it could be used offline without the need of Internet connection, not only to make gift, but I think even to buy stuff offline.
I think you should hide its private key, like scratch off tickets of lotteries and similars. Then, if someone wanna claim the amount of cryptocoins, it will be enough to scrape it and uncover the key.

Current design goes with scratch off to reveal the private key, however I'm trying to think of something less traditional for that.

If I make a start up company for bitcoin gift cards, do you guys think there is enough interest for it?

I have a friend working on a nice design for the card, probably will include multiple designs to fit all customer's occasions (x-mas, birthday, daily gift, promo event, etc.). and I'm working on the technical part to make it require absolutely no trust between us (the company) and the buyers. It should be a nice way to give a gift to your family and friend, regardless if they're still getting into crypto, or already are working with it.

I do have some nice use cases that I can use for marketing later, but I'm a bit concerned about the start point.

Therefore, I'm asking you all guys, if there is such a thing (for BTC or whatever other crypto currency), would you guys be interested in buying/using it? and why?

Thanks in advance for you all.

I recently gifted some ether to my relatives in Christmas. I just printed a few paper wallets, transferred some ether and gave them. If you make a product with a nice design and more targeted to seasonal gifts I think you can succeed.

Now, be aware that security is a big issue here, so the process to produce these items must ensure that the private keys are not compromised at any moment. That can make the whole thing a bit more complex, but I encourage you to go ahead with the project!

Paper wallets are the traditional way, all I'll be doing is providing some fancy design to make the gift look better.
I'm working on solving the security issue currently since I don't want to lose customers on first sight, probably will need to write custom software to obtain the wallet keys then import them to another wallet.


They build a whole crypto currency for that reason, I haven't looked much into details but I found few key differences: they have set values for gift cards, while mine have custom values (you decide); they store value in fiat, while mine stores it in whatever crypto you used; they have an external system running for it which can have its own problems, while mine requires nothing extra (other than the reader properly).

A prepaid Bitcoin gift card isn't that kind of useful because you could just send some in his wallet as a gift. It could be applicable with a design but the thing is it could not prove its usefulness. A disposable wallet could be great where that will be your temporary wallet as of the mean time, but prepaid gift card where you can put it in your wallet is not that practical because the Bitcoin transaction itself is continuous and it is processed by the miner. Unless there is a server in the Bitcoin network that holds all these prepaid or credit funds that will be enabled once the prepaid code is activated with the use of internet, but it still all leads to the same concept that you're sending it to someone's wallet where you can just do it simply using Trezor or Ledger as it is a solid wallet for Bitcoin and any other currencies.

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.
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February 04, 2018, 07:07:11 AM
 #9

There's another similar project (to an extent) that is trying to achieve this (etcetera). Regardless of that, it will be nice to have some alternatives as well (like your project).

would you guys be interested in buying/using it? and why?
It depends on how "easy" the whole process is (for buying it). If it saves me the hassle to go through an exchange (in order to buy small amounts of BTCitcoin), just so I could send it to someone as a gift and for normal usage, then "YES".

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February 04, 2018, 11:58:32 AM
 #10

Yeah, it is a good idea to make bitcoin gift cards. If you want to do it then it is good opportunity for you, and now people are buying and selling different things from bitcoin then why not you can do it. I always courage you and now in this forum wise, you can do publicity of your bitcoin gift cards.



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February 04, 2018, 02:53:02 PM
 #11

Yeah, it is a good idea to make bitcoin gift cards. If you want to do it then it is good opportunity for you, and now people are buying and selling different things from bitcoin then why not you can do it. I always courage you and now in this forum wise, you can do publicity of your bitcoin gift cards.
Correct, i think many bitcoin users will be interested with this kind of idea, you should need to list all the stores accepting bitcoin right now all over the world to used your card spending with that store like here in our country most of the stores accepting bitcoin is cafe and lodge.

Can you share here the designs of the gift cards.
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February 04, 2018, 03:48:44 PM
Last edit: February 04, 2018, 04:00:33 PM by ralle14
 #12

I would be interested in buying a bitcoin gift card if the rates are similar to most bitcoin exchanges and also it's a good way of giving someone bitcoins instead of sending them to their address. One time I bought a bitcoin gift card before from this website but the rates were so expensive compared to my local exchanges where buy rates are cheaper by 30%.

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February 04, 2018, 05:31:28 PM
 #13

If you wish to do a good job then you need to offer bitcoin and other altcoins gift cards. I would be interested in buying such cards like presents for some close people I know, in that case I would like more expensive gift cards, and some cheap ones for people I know and I wish to give them a ticket for this crypto world.
Idea is great and I think there was similar ideas in the past. Every start is hard but if you are dedicated maybe you can do something more and start some good business. I will follow this topic and if you start with crypto gift cards I will be one of your first customers. Good luck my friend, if I don't see your start feel free to PM me.

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February 04, 2018, 06:20:10 PM
 #14

There's another similar project (to an extent) that is trying to achieve this (etcetera). Regardless of that, it will be nice to have some alternatives as well (like your project).

would you guys be interested in buying/using it? and why?
It depends on how "easy" the whole process is (for buying it). If it saves me the hassle to go through an exchange (in order to buy small amounts of BTCitcoin), just so I could send it to someone as a gift and for normal usage, then "YES".

I'll take a look at that project when I'm back home.

At the start it might be a bit annoying till I establish some flow (and hopefully a company and sell at local shops), the initial idea was that you pay the card fee and the charge amount in crypto, but since you've raised such concern of exchange hassle, I'll work on a solution to accept the most common (non crypto) payments as well.

Yeah, it is a good idea to make bitcoin gift cards. If you want to do it then it is good opportunity for you, and now people are buying and selling different things from bitcoin then why not you can do it. I always courage you and now in this forum wise, you can do publicity of your bitcoin gift cards.

Thanks for the encouragement Cheesy

Yeah, it is a good idea to make bitcoin gift cards. If you want to do it then it is good opportunity for you, and now people are buying and selling different things from bitcoin then why not you can do it. I always courage you and now in this forum wise, you can do publicity of your bitcoin gift cards.
Correct, i think many bitcoin users will be interested with this kind of idea, you should need to list all the stores accepting bitcoin right now all over the world to used your card spending with that store like here in our country most of the stores accepting bitcoin is cafe and lodge.

Can you share here the designs of the gift cards.

The idea of listing all stores accepting bitcoin is very nice, it'll allow people to know where they can use their coins at.

I would be interested in buying a bitcoin gift card if the rates are similar to most bitcoin exchanges and also it's a good way of giving someone bitcoins instead of sending them to their address. One time I bought a bitcoin gift card before from this website but the rates were so expensive compared to my local exchanges where buy rates are cheaper by 30%.

As I said above, it wasn't in my thoughts to accept non-crypto payments, but with this feature being requested I'll make sure to give it a deep view to ensure customer satisfaction, so rest assured.

If you wish to do a good job then you need to offer bitcoin and other altcoins gift cards. I would be interested in buying such cards like presents for some close people I know, in that case I would like more expensive gift cards, and some cheap ones for people I know and I wish to give them a ticket for this crypto world.
Idea is great and I think there was similar ideas in the past. Every start is hard but if you are dedicated maybe you can do something more and start some good business. I will follow this topic and if you start with crypto gift cards I will be one of your first customers. Good luck my friend, if I don't see your start feel free to PM me.

I'll be working on a generalized solution that supports all crypto currencies, it actually shouldn't be much different than BTC implementation, will probably do few DOGE cards for the lol (along with testing and ads).
Thanks for the encouragement, I'm contacting few friends to help me get started, hopefully we get stuff managed (mostly worried about the legals, and initial production amounts).


Sorry if I missed any question/concern that anyone posted, I'm a bit sleepy Embarrassed


Few new questions for you guys to help me model the service:
1- Do you prefer a preset amount for each card? or would you like to charge it up to your liking?
2- Would you prefer a complete online order (even if it costs you slight privacy? specially when paying non-crypto like PP) or would you prefer to complete the deal at a shop with cash in hand and no personal info required?
3- If you answered 2 with completing at a shop, would you consider being a local distributor? why? and what would you expect in return?
4- Would you plan on buying larger quantities? continuous supply? or you just buy couple cards on special occasions and forget the service for the rest of the year? as this can affect the way to get local distributor.
5- Would you trust me/us/company to have the private keys in order to make things a bit easier at your end? or would you prefer spending extra couple minutes at your end to complete the deal without me/us/company having any way of touching the money in the card? note that this choice will affect the ability to recover the funds in case the card is lost, at the expense of storing some of your personal info, so this isn't for everyone.
6- Do you have expected shape/size/dimensions for the card? it might end up a bit larger than normal cards, but will make sure the space is well used.
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February 05, 2018, 06:21:52 AM
Merited by Severos (1)
 #15

1- Do you prefer a preset amount for each card? or would you like to charge it up to your liking?
Preset amount (although there will be the issue of "price fluctuations" since the gift card would be pre-made [for a shop]).

2- Would you prefer a complete online order (even if it costs you slight privacy? specially when paying non-crypto like PP) or would you prefer to complete the deal at a shop with cash in hand and no personal info required?
At a shop.

3- If you answered 2 with completing at a shop, would you consider being a local distributor? why? and what would you expect in return?
Honestly "NO". BTCitcoin isn't that known on where I am and it will take a long time before I'll be able to sell everything (location is vital for this, especially when ROI is at stake).

4- Would you plan on buying larger quantities? continuous supply? or you just buy couple cards on special occasions and forget the service for the rest of the year? as this can affect the way to get local distributor.
Few cards for special occasions and whenever the need arises (small amounts for personal use).

5- Would you trust me/us/company to have the private keys in order to make things a bit easier at your end? or would you prefer spending extra couple minutes at your end to complete the deal without me/us/company having any way of touching the money in the card? note that this choice will affect the ability to recover the funds in case the card is lost, at the expense of storing some of your personal info, so this isn't for everyone.
If it's just a small amount (something that I would give as a gift to someone), then the 1st option would be fine but if it's for larger amounts or for my own personal usage, then I'll go with the 2nd option.
Take note: Everyone behind the company should be well known or somehow get verified.

6- Do you have expected shape/size/dimensions for the card? it might end up a bit larger than normal cards, but will make sure the space is well used.
If it fits a normal wallet, that would be nice.

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February 05, 2018, 07:27:16 AM
 #16

It’s a great marketing strategy towards cryptocurrency and if this idea be implemented soon, I have one specific suggestion. Start making a field survey that is concentrated in your area that has crypto enthusiast that can try this product. If this be planned and executed securely I don’t think the community won’t support it but the problem would be the competition in time this goes viral. So take all those advice as a guide but always do what you thing would work.

HODL
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February 05, 2018, 08:46:37 AM
 #17

1- Do you prefer a preset amount for each card? or would you like to charge it up to your liking?
Preset amount (although there will be the issue of "price fluctuations" since the gift card would be pre-made [for a shop]).
I see... you're pretty on point when it comes to pre-made cards, price can change way too much and the card would lose or sky rocket... it'll take me couple days to think out a solution.

2- Would you prefer a complete online order (even if it costs you slight privacy? specially when paying non-crypto like PP) or would you prefer to complete the deal at a shop with cash in hand and no personal info required?
At a shop.
3- If you answered 2 with completing at a shop, would you consider being a local distributor? why? and what would you expect in return?
Honestly "NO". BTCitcoin isn't that known on where I am and it will take a long time before I'll be able to sell everything (location is vital for this, especially when ROI is at stake).
ftp://
Now that can be a hard thing to solve, finding shops (or normal users) that are willing to be sell points for the cards, specially at the start. Guess I'll have to look into areas with high crypto users to start with.

4- Would you plan on buying larger quantities? continuous supply? or you just buy couple cards on special occasions and forget the service for the rest of the year? as this can affect the way to get local distributor.
Few cards for special occasions and whenever the need arises (small amounts for personal use).
So you'll be buying like 5~10 cards a year? if you'd estimate, how many other users in your area will do the same?

5- Would you trust me/us/company to have the private keys in order to make things a bit easier at your end? or would you prefer spending extra couple minutes at your end to complete the deal without me/us/company having any way of touching the money in the card? note that this choice will affect the ability to recover the funds in case the card is lost, at the expense of storing some of your personal info, so this isn't for everyone.
If it's just a small amount (something that I would give as a gift to someone), then the 1st option would be fine but if it's for larger amounts or for my own personal usage, then I'll go with the 2nd option.
Take note: Everyone behind the company should be well known or somehow get verified.
How would you define small amount ? anything less than 10$? 20$? 50$? 100$? or???
I think it's possible to implement both solutions. Also, how would you define a well-known or verified people? I can put up my linkedIn, and contact info if necessary, but since I'm just your everyday Joe, there won't be any person who knows my name.

6- Do you have expected shape/size/dimensions for the card? it might end up a bit larger than normal cards, but will make sure the space is well used.
If it fits a normal wallet, that would be nice.
Would you consider placing it in your iphone cover maybe Grin it'll be a bit hard to put everything in small size card and leave a space for the design, will have to manage to do it somehow.

It’s a great marketing strategy towards cryptocurrency and if this idea be implemented soon, I have one specific suggestion. Start making a field survey that is concentrated in your area that has crypto enthusiast that can try this product. If this be planned and executed securely I don’t think the community won’t support it but the problem would be the competition in time this goes viral. So take all those advice as a guide but always do what you thing would work.
Well, if I do a field survey in my area, I'll just quit crypto, no one here uses it, and the mind set of people will take ages to change (they don't trust online money at all). I'm more targeting people around the globe, and willing to partner with local distributors to reduce shipping fees.
As you said, time is really essential in this, I'm pretty sure many potential competitors are thinking and planning right now, but taking the initiative is risky that's why most people are staying low, the first one to take risk -if he was successful- tons of competitors will show up immediately.
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February 05, 2018, 12:14:58 PM
 #18

Good idea!
But the whole market is bearing now and the volatility is too high!
It's too hard to control you risk!
And the regulation from the govs is more strict and strict,that makes
it more difficult to make profit!
Anyway,just do it!
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February 05, 2018, 01:07:40 PM
 #19

When this project launch? I think many users will be interested with this gift card, i think much better if that gift card would be available for multiple coin Since many users are love to spend other coin like ethereum.

Yeah, it is a good idea to make bitcoin gift cards. If you want to do it then it is good opportunity for you, and now people are buying and selling different things from bitcoin then why not you can do it. I always courage you and now in this forum wise, you can do publicity of your bitcoin gift cards.
Correct, i think many bitcoin users will be interested with this kind of idea, you should need to list all the stores accepting bitcoin right now all over the world to used your card spending with that store like here in our country most of the stores accepting bitcoin is cafe and lodge.

Can you share here the designs of the gift cards.
Agree with this, it will helps to all gift card users where they spend that card and also we can used crypto currency in offline and online transaction.
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February 05, 2018, 01:50:10 PM
 #20

This is unique hoping this idea will be spread out all over the world it would helps many stores to accept crypto currency and transact online and offline. This is also one of the big help to promote and advertise bitcoin to many people in yhe world, many people will be benefited by this idea.
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