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Show HN: Burner – A low cost wallet to gift crypto

(burner.pro)
49 points ccamrobertson | 3 comments | 13 Nov 24 17:01 UTC | HN request time: 0.001s | source

Hi HN! I’m one of the creators of Burner, a low cost Ethereum hardware wallet designed for gifting. After creating various forms of crypto “cash” (https://kong.cash/, https://offline.cash/) we learned that gifting cryptocurrencies was consistently one of the biggest challenges for holders and enthusiasts.

Burner looks and feels like a colorful gift card, but under the hood it incorporates a secure element chip. You can access its wallet with just an NFC tap, and it works entirely through our (soon to be) open source web app.

There is a lot more to share, like USD II (created by https://www.bridge.xyz/), a stablecoin that we designed to work with Burner without gas, but for now we’re excited to push Burner out the door and start getting feedback from users.

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thebiglebrewski ◴[13 Nov 24 19:25 UTC] No.42129057[source]▶
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?

replies(1): >>42131892 #
1. ccamrobertson ◴[14 Nov 24 00:41 UTC] No.42131892[source]▶
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.
replies(1): >>42135845 #
2. cnowacek ◴[14 Nov 24 13:10 UTC] No.42135845[source]▶
Gifting dollars on gift cards today is only supported by 99.9% of retailers. How many retailers accept USD II?
replies(1): >>42138952 #
3. ccamrobertson ◴[14 Nov 24 17:52 UTC] No.42138952[source]▶
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.