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NEWS OUT! Bitcoin Gift Card is Now Launched!!!

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Post# of 5115
(Total Views: 148)
Posted On: 06/06/2022 10:40:43 PM
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Posted By: redspeed
NEWS OUT!

Bitcoin Gift Card is Now Launched!!!

Well...

actually over 3 years ago

Bitcoin Solutions, Inc. Launches First Bitcoin Gift Card in the United States - Feb 21, 2019, 09:15 ET

https://www.prnewswire.com/news-releases/bitc...99466.html

Look, look, look...

https://bitcards.com/

150+ Countries supported

+100K BitCard® gift cards issued

Let's be generous and say the average card is $50

100K * $50 = $5M

Now what does Bitcoin Solutions, Inc. get?

10.5%?

"There are no fees to redeem your BitCard®️. However, our Bitcoin exchange rate is roughly 10.5% higher than the average market rates ."

If so that would be $550K over 3 years

$183K a year

Who wants to take over a 10% hit on a frigg'n gift card?

And therein lies the problem

If the rate is too high, no one will buy the card

If the rate it too low, there is no MONI in this

This is why a number of companies have already tried it and failed. Other than coinbase, it's a side hobby for a few other ones.

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