Australia’s first physical crypto gift cards are now on sale for Christmas

santa claus sits at a computer holding a card in his hand and looking at it with a hearth in the background next to a lit-up christmas tree.

Looking for a Christmas gift for that person who seems to have everything?

Well, a Sydney company has just released Australia’s first physical cryptocurrency gift cards, which might do the trick.

Your Portfolio’s gift cards come in denominations of $50, $100, $250 and $500 and are available in 4 different cryptocurrencies: Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Cardano (CRYPTO: ADA), and Dogecoin (CRYPTO: DOGE).

According to chief executive Daniel Sekers, the cards allow the “gift of real wealth” this holiday season.

“People want something new and exciting — something that has never before been sold in this format before — and this encapsulates all of that and more,” he said.

“With our cryptocurrency gift cards, it’s easy for complete beginners to purchase one of 4 popular coins in a variety of values to give their loved ones the gift of investment this year.”

No need to have an existing crypto wallet

According to Your Portfolio, the recipients don’t need to have an existing cryptocurrency wallet or an account on an exchange.

“On Christmas Day, the receiver of a crypto gift can either use the URL on the back of the card or scan the QR code to be taken to a website where they can enter a 12-digit identifier and a PIN they will use to unlock their cryptocurrency,” stated the company.

“Using a [driver’s] license, Medicare card or other ID they will be able to set up an account to manage their new investment.”

To bring cryptocurrencies even more into the physical realm, Your Portfolio is setting up a pop-up store at Sydney’s Bondi Junction Westfield to sell the gift cards. That outlet will be open until  10 January.

The cards are also available electronically.

Although there has been a correction the past 6 weeks, Bitcoin is still up 80% for the year, and Ethereum 495%.

Your Portfolio, on its website, counts EY and Australia and New Zealand Banking GrpLtd (ASX: ANZ) among its “partners and supporters”.

The post Australia’s first physical crypto gift cards are now on sale for Christmas appeared first on The Motley Fool Australia.

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Motley Fool contributor Tony Yoo owns Bitcoin, Cardano, and Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and recommends Bitcoin and Ethereum. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia

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