Don't let facts get in the way of a PnD Moonshiner
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Posted On: 06/15/2022 12:53:13 PM
Don't let facts get in the way of a PnD Moonshiners...
Best to read the whole article but here's a few snippets to support bit gifting in general has issues and lots of competition.
It’s still too hard to give crypto this holiday - Nov. 21, 2021
https://www.protocol.com/crypto-holiday-shopping-nft-gifts
"Cryptocurrency as a concept is now widely known, but consumers still generally view digital assets with skepticism, and they face intense scrutiny from regulators and policymakers "
"Coinbase, the largest crypto marketplace in the U.S., already lets customers send crypto as gifts . Customers can log in to their account, pick a crypto asset amount, provide the email address of the recipient and send the gift."
" But the recipient then needs to set up an account on Coinbase , which hosts the wallet that will receive the crypto."
"A new marketing campaign that's expected to roll out this holiday season aims to make crypto an even more accessible gift. Blackhawk, the payments company famous for the racks of retailer-branded gift cards found in supermarkets and drugstores, is working with a major crypto marketplace to make a crypto gift card available in popular retail outlets.
It's not the first time someone's tried to offer a crypto gift card, but those products and the companies behind them have mostly vanished, sometimes with a trail of customer complaints . Blackhawk, which spun out of the Safeway grocery chain in 2014, brings a solid reputation with consumers and distributors."
A risky present
Besides annoying or confounding the recipient, crypto gifts pose other challenges.
A gift could turn into coal if there's a flash crash in crypto , something that's happened repeatedly with the volatile currencies.
Best to read the whole article but here's a few snippets to support bit gifting in general has issues and lots of competition.
It’s still too hard to give crypto this holiday - Nov. 21, 2021
https://www.protocol.com/crypto-holiday-shopping-nft-gifts
"Cryptocurrency as a concept is now widely known, but consumers still generally view digital assets with skepticism, and they face intense scrutiny from regulators and policymakers "
"Coinbase, the largest crypto marketplace in the U.S., already lets customers send crypto as gifts . Customers can log in to their account, pick a crypto asset amount, provide the email address of the recipient and send the gift."
" But the recipient then needs to set up an account on Coinbase , which hosts the wallet that will receive the crypto."
"A new marketing campaign that's expected to roll out this holiday season aims to make crypto an even more accessible gift. Blackhawk, the payments company famous for the racks of retailer-branded gift cards found in supermarkets and drugstores, is working with a major crypto marketplace to make a crypto gift card available in popular retail outlets.
It's not the first time someone's tried to offer a crypto gift card, but those products and the companies behind them have mostly vanished, sometimes with a trail of customer complaints . Blackhawk, which spun out of the Safeway grocery chain in 2014, brings a solid reputation with consumers and distributors."
A risky present
Besides annoying or confounding the recipient, crypto gifts pose other challenges.
A gift could turn into coal if there's a flash crash in crypto , something that's happened repeatedly with the volatile currencies.
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