Why wait for payments to get integrated into X when you can route them through inleo with zero fee?

in LeoFinance2 months ago

X is the microblogging platform we all know

X has evolved as a microblogging platform with a huge user base. Though when it started it had very few users.
We humans do like to connect with one another however in the beginning few understood the idea of effective communication with a handful of characters that X.com or twitter as it was known back in the days could do.

Slowly but surely it began to find users or rather users who believed they could express themselves with a few characters began to come onboard and use the platform.

Twitter took off in a big way when when celebrities took to twitter and this meant they and their fans could connect and communicate with each other without the need of an intermediary.

When Elon Musk took over twitter (now X.com) there was tremendous hype and anticipation about the future of this micro blogging platform.
One of the things that keeps coming up is the possibility of X.com being turned into an everything app.
Though the specifications about such an everything app are not out yet out however on a lot of occasions hints have been dropped that it would have some kind of payment system built into the system.

Do you want such a thing to happen to X?

If you are a user of X you may have an opinion about this payment thing being built into X.
Think before you answer this question about X

X.com (twitter) is web 2. It is closely governed by the terms set in the fiat world. Currently even for payment processing of its premium subscription it needs to rely on third party services like stripe.
There are some countries where Stripe does not provide its services. This means however big X.com may get however due to limitations and restrictions of the fiat world its services cannot be served to everyone around the globe.

What if it incorporates crypto as a mode of payment?

This is also the part which gets dogecoin supporters quite excited.

Elon Musk has a thing about Dogecoin and every time he mentions the name the token jumps both in terms of price and volume and does a rally that can make a user a handsome profit.

Again for a company in the Web2 world providing crypto payments as an option poses its own set of challenges and user KYC is just one of the obstacles.

What if every X.com user could start making crypto payments instantaneously?

If you look at this question standing in the web 2 world then this may be a distant pipe dream however the fact is if any X.com user or google user for that matter wants to make a crypto payment using crypto then the opportunity is just a few clicks away.

How can any X.com or google user make a crypto payment?

The answer is quite simple as the solution requires stepping into the world of web 3.
For this an existing X.com & google user can create a hive blockchain account via the inleo.io frontend.

For this a user can create an account on inleo via this link

Here the user gets the link to sign up using the sign up with X option

An existing X.com user can use his x.com account to create a web 3 account on inleo / hive.

Once a user has a hive account he can simply login to the account. It may be noted that a Web 3 account creation involves the generation of a number of keys associated with your account.
Make sure you download and backup these keys.
Users can use the hive keychain browser extension to manage their logins and other account operations.


source
New users can access hive keychain from here

Once you are logged into your account you get access to a frontend of Inleo which you can use to create short form content similar to tweets on x.com
This short form content is referred to as threads on inleo.
In addition a user can also create a long format blog like post here.
This log format post feature is only accessible to the premium users of X.com who are paying a monthly fee to maintain their blue check mark.

It may be noted that creating long format and short format post on inleo is automatically enabled for all hive users.

For making payments and managing funds a user can head to the wallet section.

A user can access his wallet from the wallet section under the user profile.


source: Inleo account dashboard

Inleo wallet is organised under 3 segments the leo wallet
https://inleo.io/username/wallet/leo

Hive wallet
https://inleo.io/username/wallet/hive

Hive- Engine wallet
https://inleo.io/thetimetravelerz/wallet/hive-engine

A user wanting to send money needs to know the inleo/ hive username of the person who wishes to receive funds.

Both parties need to be registered in order to participate.

Thus if the recipient is not on inleo then he can be requested to join inleo using the provided link.

In case a users wants to transfer funds using the leo tokens then he can do so using the leo wallet

In case he wishes to transfer hive or HBD the user can use the hive wallet

You can also transfer hbd from here

Final thoughts


source

Anyone can use hive and inleo to transfer funds at zero fee and super fast speeds.
Getting funds to your inleo wallet can be done by mentioning your hive username as your withdrawal wallet.

Cover image created using template

Posted Using InLeo Alpha

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