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Re: bits2bills post# 1677

Friday, 04/04/2014 2:00:36 PM

Friday, April 04, 2014 2:00:36 PM

Post# of 171936
The retailer is going to have to know what the current price of Bitcoin is to determine how much to sell the cards for. The price of Bitcoin is far too volatile atm.

A Bitcoin card is much different than other prepaid cards it's basically a bitcoin wallet loaded with a predetermined amount of bitcoins.

I suppose they could sell just a wallet and have the retailer load bitcoins onto the card. If they do this then the retailer would need a way to load the card.

Even if the customer gets a bitcoin card the customer will have to be able to sync the card to their mobile wallet to be able to use the bitcoins.

Again a good idea but really difficult to market. I'll need to see how they solve these problems and many more.

GLTA
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