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Author Topic: Karma koins - can they help with fiat to bitcoin exchange?  (Read 3201 times)
slothbag
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May 29, 2012, 12:11:25 PM
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I was down at my local supermarket today and while perusing the gift card stand stumbled across "karma koins".

They are a way to store fiat electronically and make it easy to purchase online games.  From what I can see there is no expiry date for the card.

These cards can be purchased at all the regular supermarkets, 711' etc

Could these cards be used to help with fiat to bitcoin exchanges? Perhaps a way to instantly send fiat cross border and/or without chargebacks? I.e. just send the PIN code.

Would be nice to be able to go grocery shopping and pick up a $50 karma coin card, get home and send the pin to Mtgox or whoever and get the fiat instantly deposited.

Edit: http://karmakoin.com/
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May 29, 2012, 02:56:55 PM
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My understanding is they take like 30% or so from what they pay developers.  Unlikely they would even support a "game developer" who sells Bitcoins but even if they did we are talking a prohibitive markup.
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Charlie 'Van Bitcoin' Shrem


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May 29, 2012, 03:20:21 PM
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I was down at my local supermarket today and while perusing the gift card stand stumbled across "karma koins".

They are a way to store fiat electronically and make it easy to purchase online games.  From what I can see there is no expiry date for the card.

These cards can be purchased at all the regular supermarkets, 711' etc

Could these cards be used to help with fiat to bitcoin exchanges? Perhaps a way to instantly send fiat cross border and/or without chargebacks? I.e. just send the PIN code.

Would be nice to be able to go grocery shopping and pick up a $50 karma coin card, get home and send the pin to Mtgox or whoever and get the fiat instantly deposited.

Edit: http://karmakoin.com/

We already have this integration into Bitinstant but we cutout Karma Coins.

7-11, Walmart, CVS....

https://bitcointalk.org/index.php?topic=83209.0

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
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