Hello every one brothers and sister!

Im form Kuwait, Middle east. I have stoped here in this great please looking for some answers regarding the Gift Card business (GC).

First of all, i buy US itunes gift cards form Chinese supplier for about 66$ and i know they get for a cheap price, i did my work and look deeper into the business, i have noticed that they buy mostly from Nigerians and then they sells it a local vendor in China and then they sell it to us.

I have noticed some Chinese send out a price list for listed Nigerian sellers with rate as low as 54$ In exchange for bitcoin.

I’m just curious, wondering and learning more about this field.

If you kindly give more info and details about the whole business of gift card in Nigeria and also about the listed questions:

*Why the sellers of gift card would give up almost 70% of the value of the gift card they have In exchange for a bitcoin ?

* why Chinese are larger buyers in the market ?

* why when i buy a gift card from Chinese seller he tells me to redeem it quickly?

I hope i dont bother you with my questions and i hope i can learn from you more and more. I will be very happy and glad to see your comments


Thank you

Hamad

Any answers?