Making a gift is more than just a show of affection – it is a means of proving that someone else is in your thoughts. That is, of course, if the gift is not a mandatory custom, but an expression of emotion stemming straight from the heart and mind. With such an approach, any gift can become valuable emotionally, and the opportunities for making it creative are endless. The Internet has introduced its own set of corrections into the way gifts are perceived, rendering many digital and the expression of emotions rather hollow. However, that does not mean that a gift has to turn into a worthless Jpg file or an animated sticker, since there are ways to add a special zest to a gift given through online means.
A gift card is an instrument through which people can let the person they wish to surprise select the gift they want with the funds stored on the card. The advent of cryptocurrencies has brought along a plethora of opportunities in this domain, rendering value digital with the use of the blockchain. Considering the abundance of cryptocurrencies and the number of stores, both online and physical accepting it, the bind boggles with the possibilities of using crypto for gift cards.
Buy Bitcoin With Gift Card – a Reality?
Indeed, buying Bitcoin with a gift card is a possible solution to making a very valuable, unusual and expensive gift. Given the price of Bitcoin, the amount of funds invested in cards with Bitcoin is considerable, but well worth the emotional upheaval experienced by the lucky person receiving it. Among the benefits of using gift cards with Bitcoin are:
- Very unusual gift;
- Valuable offering;
- Extensive opportunities for purchases with the gift card.
These and other reasons have pushed various exchanges like Binance to offer Bitcoin gift cards. The platform allows users to deposit the value of a Bitcoin onto the card and tether it to the account of the user. Once the gift card is activated, the amount needed to convert to Bitcoin will be automatically deducted from the users’ balance to match the current price of Bitcoin on the market.
At first glance, such a mechanism may seem unfair, but the platform itself is never willing to take the risk of settling the price difference between the asset’s value at the time of purchase and the time of spending. Considering the fact that Bitcoin’s price is extremely volatile, the benefits often outweigh the risks.
