1/🧵
The potential for the Hive Backed Dollar (HBD) is enormous. There are opportunities before our eyes that equate to millions of people.
1/🧵
The potential for the Hive Backed Dollar (HBD) is enormous. There are opportunities before our eyes that equate to millions of people.
#hbd is the best #stablecoin for me. It's got all the things I'm looking for except privacy. If we can get some ZK tech built in - we'll have almost perfect alternative to cash.
5/ These people understand it completely. There is no need to explain it. We now have a solution for them that they are unaware of. As we see in Sucre, this can spread quickly.
HBD is also a solution to the legacy stablecoin concept within crypto.
For full article:
https://leofinance.io/posts/taskmaster4450/lebanon-another-country-ideal-for-hbd
4/ HBD gives people something they need: access to USD in digital form. This protects them from their governments. At the same time, they can acquire online, something that cannot be done when needing banknotes.
3/ Lebanon is such a country. The lira has gotten so bad that merchants are now prices items in USD. It simply became unfeasible to operate in the local currency due to the volatility. How do you reprice things hourly?
2/ We keep espousing what is taking place in Venezuela and this is a great thing. However, there are many situation where this can be replicated. In fact, there are many places that are worst than this country.
Yes sir. Also my country Iran.
m writing a post about the situation here.
i think this will be able to be done on Zano, a wrapped HBD confidential asset. On testnet very soon. But needs Hive dev(s) to investigate. i've not managed to attract interest yet.
$HBD has indeed an enormous potential, it‘s great to see real world use cases emerging. As long as everything can be handled online it‘s good, but still it‘s not so easy if you need to bridge from and to fiat money.
$HBD in indeed a stablecoin with wonderful applications! I sold all the Hive Silver Rounds internationally using $HBD.
$HBD has good potential for similar situation you mentioned in thread. This stable coin has big advantage over other coins which are volatile in nature (including the local currency of any country )
The $HBD can have a very important effect in many countries, Venezuela can be a great example, people can have access to USD, saving and investment methods thanks to the HBD.
People think it is too good to be true. 🤣