I’m currently trying to figure this out myself… learning as I go.
In general my plan is:
Find gift cards people want
Find ways to acquire them cheaply
Find ways to acquire fiat with BTC cheaply
There are several challenges:
Many gift cards people want are from big companies; gas stations, supermarket chains, telcos. They don’t want to bother with a startup, it’s too low ROI for them to invest effort in integration
Many bulk gift card providers explicitly ban reselling cards to third parties, only buying for your employees or gifting to customers
My solutions are:
Manually purchase gift cards via the e.g. phone topup websites
Program screen scraping tools to enter my credit card details into the aforementioned websites
Going after small businesses and webshops as early-stage partners
Selling BTC to buyers willing to pay a premium for noKYC sats
None of this is scalable long term but hopefully I’ll get off the ground.
I’m currently trying to figure this out myself… learning as I go.
In general my plan is:
There are several challenges:
My solutions are:
None of this is scalable long term but hopefully I’ll get off the ground.