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Perfect for spreading HBD and making HBD the clearing layer for payments in any crypto.
So far we have built a proof of concept that shows how you can pay any of the following cryptos to a Hive account:
LTC
SOL
USDT on SOL
UDSC on SOL
ETH
USDT on ETH
USDC on ETH
NOTE: transactions MUST be sent from cake wallet which you can download to your app store.
Combined with V4V's ability to accept BTC Lightning, Hive accounts can now accept all major cryptos, without having to have a wallet in that crytpo.
The receiving Hive account (normally a business) automatically receives HBD, they dont need to know how to use the other crypto wallet and dont even need to write their own invoices.
Crypto payments are getting super simple!
Business Model
We will look to put a fee system into this, say 1% so that we can incentivise users to spread this and give them a cut of the fee each time someone they onboard makes a payment or a business that they onboarded receives a payment.
KYC
As long as the payments are small and made to businesses, then it is unlikely that any individual account will exceed KYC payment limits each month.
Credits
Thanks to @jthomasewsky for helping to make the POC.
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Good but i hate the guy that made it, only talks about a car that looks like a box, when RSK and more cryptos? when litecoin CM retweeting this?
Very powerful 💪
Nice one Sir
incredibly powerful stuff Matt
oh, can thank @jthomasewsky he did the leg work.
This is an excellent news. We want to see wider adoption and acceptance of HBD, and this would be a great step towards more awareness. I hope to try this out soon with my crypto 👏 🙌
We certainly hope so!
What a powerful addition this could be. Swapping USDT to Hive then HBD is a really long process for some. This is really short and direct. Would be trying it out fast to experience it and the recommend to others
Yes, it will work great for small amounts
@jthomasewsky amazing filming 😁 Those moments when turning the camera makes this video very engaging 😁
Wowww , incredible
RA
DI
CAL
This is a big thing. Great pitch for onboarding
Bridge URL??
Up to 16 hbd for now during testing. U need to spend alt currencies using cake wallet
https://amc.hivedebit.com/
I’m starting to wonder if you and dan are thinking fork if things don’t turn around, that would be worst case scenario..