NEWS OUT! Bitcoin Gift Card is Now Launched!!!
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(Total Views: 132)
Posted On: 06/06/2022 10:40:43 PM
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.
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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