Bitcoin has a relatively high barrier of entry when it comes to individual management and security of storage, but that hasn’t stopped these British entrepreneurs from capitalizing on giftable Bitcoin Christmas gifts, in fact, it possibly makes it easier for them to do so.
British entrepreneurs Laurence Kemball-Cook and Louise Doherty have launched a Bitcoin gifting service just in time for the Christmas shopping rush this year, offering Bitcoin gift cards for £10, £50 or £100 worth of Bitcoin on their online store. It is a novel idea to package Bitcoin as a gift token, making a potentially perfect little stocking filler this Christmas for anyone even remotely interested in cryptocurrency or serving as an introduction for those too time-constrained to research further.
This is for people on the fence who don’t have the time and understanding to buy.
The idea of gifting Bitcoin itself is not new, however. People have been sending Bitcoin tips online or buying paper wallets for their families for years and there are a few other gifting services, like GiveCoinGifts.com, that sell bitcoin gift cards as well.
Celebrating 2017 – The Year Bitcoin Grew Up
2017 has certainly been Bitcoin’s year if price and trending web searches are anything to go by, so it makes sense that Bitcoin is high enough in the public consciousness to warrant the gifting service.
— Give Coin Gifts (@givecoingifts) December 18, 2017
The couple will buy the coins for a premium, keeping them for customers until they either choose to cash out or transfer their Bitcoin from the gift vouchers.
Speaking about the service, Kemball-Cook says:
We’ve both built companies before. We’re really excited about it. It’s doing what the two of us do everyday and will be fully resourced and scaled. Hopefully it will be a really interesting scale up journey.
With Christmas just days away, why not make Bitcoin a gift to a loved one? Although if you are buying a gift for someone a little more experienced with Bitcoin, perhaps a hardware wallet or a Bitcoin miner might be ideal for them?
Have you given Bitcoin gifts in the past? How were they received? Would you use this service? Let us know what you think in the comments below.
Images courtesy of Give Coin Gifts