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The Mystery of GiveCoinGifts

The Mystery of GiveCoinGifts
  • Kemball-Cook quashed any views that the Bitcoin bubble will burst at the time
  • The world of cryptocurrency is a grey area for many, where people are not only sceptical but are very skittish on new developments.

If you are looking for some stocking fillers for your friends and family, Bitcoin might be a good option to consider. Not only is it easy, but it’s is a gift no one else will have thought of.

Well thanks to two British entrepreneurs, Laurence Kemball-Cook and Louise Doherty it’s even easier to gift crypto, or it was at least.

As previously reported by CryptoDaily, the two initially wanted to give Bitcoin as a gift but found that they were unable to, as there were no facilities to fulfil this. 

As reported by Bitcoinist, they decided to start their own business, making a website that allowed anyone to gift Bitcoin to friends and family all with a simple click – much like buying something from Amazon. Kemball-Cook quashed any views that the Bitcoin bubble will burst at the time, around the time of the 2017 $20k bubble, rendering their business useless, by saying; “They said it was a bubble three years ago…Everyone will have a Bitcoin account in the future. We’re on the cusp of a revolution.” 

Bitcoinist report that their website works, and relies on givecoingifts.com, which hasn’t seen an update since 2017, doing all of the hard work for them. They will buy the Bitcoin on the buyer’s behalf, giving them a gift voucher in return. They will hold the Bitcoin on the person’s behalf until they redeem it when they will cash the Bitcoin in at whatever price it is worth at the time. 

Two years ago, Kemball- Cook said, “this is for people on the fence who don’t have the time and understanding to buy.” 

The world of cryptocurrency is a grey area for many, where people are not only sceptical but are very skittish on new developments. Some have questioned the two’s firm, due to the quick turnaround and the fact that it had been started so close to the Christmas period in an area that is incredibly volatile. However, Kemball-Cook has defended the company and idea, saying:

“It’s a 100% serious pay…We’ve both built companies before. We’re really excited about it. It’s doing what the two of us do every day and will be fully rehearsed and scaled…Hopefully it will be a really interesting scale up journey.”

It’s unknown what happened to the company after that as if you look at the social media accounts for givecoingifts.com, nothing has been posting in over two years.

It turns out, it wasn’t that much of an interesting journey to follow...

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