How To Give The Gift Of Crypto

Cryptocurrency has become a part of the global conversation when the market is brought up nowadays. There was a time, not long ago, when Bitcoin and cryptocurrencies were seen as weird digital money that most didn’t understand and instead looked at as a probable hoax, scam, or some otherwise unsavory concept of money. That has changed though in a short time, as major banks and investment firms have begun legitimizing crypto in many ways.

Since being launched in 2009, Bitcoin went from being scarcely known and traded, to being considered as the leader of an evolving major asset class, and has stimulated conversations around its potential use as a national currency standard, as well as documented instances of full-scale global use throughout business and financial ecosystems across the globe. But that’s not all.

As early as 2013 Bitcoin began showing up as a gifting option presented by a few small platforms in the global gift card industry. The shift started taking place as consumer interest in the digital form of money became increasingly popular. Almost a decade later, even more individuals are beginning to discover gifting in Bitcoin (BTC) and other popular cryptocurrencies.

Why Give The Gift Of Crypto?

Cryptocurrency can be a very useful, and rather unique gift in many regards. Cryptocurrencies are beginning to be accepted at a greater number of globally-operating merchants and retailers. Large brands like PayPal, Amazon, Visa, Western Union, Money Gram, Citibank, Starbucks, JP Morgan & Chase, and many more, have integrated their business models into the blockchain space. Moreover, companies have been entering the metaverse at record rates since last year, and as arguably all market and financial experts understand, cryptocurrency is the digital money which powers that entire digital economy related to the blockchain.

Money has to be converted into the digital environment in order to establish a fair and official medium of exchange, to which cryptocurrency is the key. Bitcoin exists on the blockchain, and is deliverable in digital format, which makes BTC, and other cryptocurrencies easy-to-use in the internet environment. The same reason that makes Bitcoin a simple alternative form of money is what makes giving BTC as a gift as simple and sensible.

Physical Or Digital Bitcoin Gift Card Options

At the start of the Bitcoin gift card sub-industry market, BTC gift cards were primarily available in digital format, with the sole option of being sent electronically. The option to send electronically certainly offers flexibility in the gifting process, as it allows senders to do so without borders or physical limitations.

The Bitcoin gift card global distributor, BitCard®, developed a process which gives gift-givers the option to purchase digital or physical cards at the retail level, from any one of thousands of official partners. This option brings even more flexibility to the BTC Gift card model, as sometimes individuals may want to deliver the touch of a physically tangible gift card to articulate an intended message.

BitCard®, therefore gives the option of gifting in these two distinct ways. Platform users are given the ability to activate physical or digitally-produced Bitcoin gift cards seamlessly by using the BitCard® online platform to register and activate their gift card. Upon doing so, the gift card recipient is given the ability to mobilize the stored BTC into a digital wallet for use at official BitCard® merchants in exchange for goods and services, or at any digital outlet which accepts cryptocurrency. This can make for an expansive purchasing potential, since goods and services can be purchased without the gift card recipient ever having to leave the comfort of their home.

How Are Individuals Able To Give The Gift Of Bitcoin Or Crypto?

Today there are several platforms that strive to make the process of purchasing cryptocurrency gift cards simple. Large global digital assets exchanges like Binance and Coinbase give their platform users the ability to purchase crypto-funded gift cards and send to family, friends, loved ones or whomever they choose, through the internet.

In the case of BitCard®, the gift card proposition is structured in such a way that physical gift cards are purchased at the retail level, by way of global gift card resellers who supply them to smaller distributors, who then in turn supply individual merchants and retailers directly.

The online BitCard® platform provides options for individuals to become registered users upon KYC verification, and ultimately purchase digital gift cards. There are also other products, such as discounted retail gift cards available for over 600 popular brands, offered on the BitCard® platform.

The Gift Of Flexibility

While it may not have been foreseen at the time, when the global gift card industry began offering cryptocurrency gift cards on the market, it opened up the opportunity for individuals across the world to send flexibly useful gift card alternatives that can be used throughout the web and mobile-based digital world.

With the gift of flexibility, gift card recipients can engage in the purchase and access of goods and services throughout the world instantly. When it comes to thoughtful gift giving, crypto gift cards are becoming an increasingly popular option for many.

Editorial Note: This is a sponsored article. Opinions expressed are those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.