Author: Gene A service called BitGreet, which lets senders attach bitcoins to Christmas cards, has sparked enthusiasm among users. The free service began last Christmas, and the company's co-founders say they have sold more than 1,000 cards. BitGreet is a service launched by CoinCorner, a Bitcoin service company based in the Isle of Man. Daniel Scott, co-founder of the company, recalled: "It was one afternoon, we were in the office, thinking about finding a fun way to promote Bitcoin. It was almost Christmas, and we were all immersed in the festive spirit, so we came up with the idea of selling Bitcoin electronic Christmas cards." Before sending bitcoins, users need to select a Christmas card on the BitGreet website. Then they need to enter the recipient's email address and the amount of bitcoins they want to send. The sender then sees a confirmation page, similar to the ones BitPay and Coinbase offer merchants, telling the user how much bitcoin to send to the address CoinCorner provides. You can send one of these cards even if you are not a CoinCorner customer. The service does not require customers to upload personal information, so you don't need to provide any personal information. After being authenticated by the blockchain website, the sender will receive an email with a link to a web page that allows them to send bitcoin to the recipient's electronic wallet. Protective measures BitGreet has also built in a “clawback” mechanism so that senders can get their bitcoins back if they make a mistake. Each card sent contains a web link that the sender can click when they want to claim their bitcoins back, provided the recipient has not yet withdrawn them. There is an additional caveat when using the BitGreet service: the sender must trust CoinCorner, at least temporarily. This is because the Bitcoins are temporarily held by CoinCorner while they are not yet withdrawn by the recipient. Scott addressed the issue like this: “Yes, we do hold the Bitcoins temporarily. This is because the recipient may not have a digital wallet yet. Also, if your recipient doesn’t receive the Bitcoins, it’s easy to get them back. Obviously, you need to trust CoinCorner, but we don’t think this will be a problem - we’ve been around for over two years and have over 25,000 registered users. We’re trustworthy.”
JPM compiled from Coindesk, BitGreet Lets You Gift Bitcoin with Christmas Cards, by Joon Ian Wong.
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