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A comment on Show HN: Burner – A Low Cost Wallet to Gift Crypto.

Re:Show HN: Burner – A Low Cost Wallet to Gift Crypto by thebiglebrewski on Wednesday November 13, 2024 @02:25PM (#42129057)
Interesting...the name of this makes it sound like criminals will be using it to transfer cash around the world, like with gift cards?

Genuinely I'm curious, is there really a big market around gifting crypto, or is that market just sort of a front for criminal activity like why some retailers see a spike in gift card sales?

[ Parent | on HN ]
Re:Show HN: Burner – A Low Cost Wallet to Gift Crypto by ccamrobertson on Wednesday November 13, 2024 @07:41PM (#42131892)
There is a massive trillion dollar market around gifting dollars on gift cards today, but you can typically only use them on Visa and Mastercard networks. We think gifting stablecoins is a better way to do that.
[ Parent | on HN ]
Re:Show HN: Burner – A Low Cost Wallet to Gift Crypto by cnowacek on Thursday November 14, 2024 @08:10AM (#42135845)
Gifting dollars on gift cards today is only supported by 99.9% of retailers. How many retailers accept USD II?
[ Parent | on HN ]
Re:Show HN: Burner – A Low Cost Wallet to Gift Crypto by ccamrobertson on Thursday November 14, 2024 @12:52PM (#42138952)
It turns out that many people don’t spend the gift cards designated for specific retailers, but rather trade or sell them for cash in their local market.
[ Parent | on HN ]