Gift Card with Claimable (Day 563)

Claimable, initially designed for token vesting, can support additional use cases, too.

I met a gift card operator from the Sacramento startup community, who buys cryptocurrencies from a vendor, stores them into a new wallet address, and sells wallets in different denominations in fiat currency to users.

Improvements can be made to remove inefficiencies from this operation with Claimable.

Pre-purchasing the cryptocurrency and deposit into a new wallet, the vendor charges fees, and the transaction fees need to be paid at creation by the operator. With Claimable, the operator can buy cryptocurrencies in their low-fee exchanges and fund the tickets when the gift card is sold. The amount can be transferred when gift-card holders "claim" their cryptocurrency, and it's possible to delegate the gas fee to gift-card holders. Or, we can design a more gift-card-holder-friendly approach, where we can pay for the transactions from the sender, so the holders do not need to have Ethereum to transact.

It is also possible to connect to a yield-earning vault for all the unclaimed assets in the Claimable contract. That would allow the gift-card-holder or the operator to accrue yields on the unclaimed assets!