I always believed that Hive could be compatible with the real world economy. With 3 seconds, free transactions and no intermediaries, Hive brings all the attributes necessary to be used by businesses. The only thing you need is a working internet connection but you also need that for all traditional credit and debit cards.
With the recent updates of keychain, you can now scan qr-codes and confirm payments within seconds. It's very easy to set up if you have a business or you want people to send you Hive or HBD for whatever reason (support, donations, purchases,...).
Setup your QR code to invite payments
Go to the keychain website. There you just need to enter the following data:
- the recipient wallet where people should send the money to.
- the amount that people should pay
- the currency HBD/Hive
- an optional Memo
Generate and download the QR-code
You can now generate the code and download it. You only need to include it into your website, your post, print it out and afix it in your shop and you can now receive payments.
Scan and pay
Your customer or donator just needs to have the keychain app installed to scan the code with his phone and make the payment within 3 seconds. It's free, fast and direct.
You can then check the payment in peakd, hiveblocks or any other place where you can read the transactions to your account.
Future developments
I watched this nice video by @hivescure where the local businesses offer the possibility to pay with HBD or Hive. The more businesses and customers involved, the more this way of transacting will evolve. I believe the challenge is to build a big enough local userbase to make it work. They are doing a terrific job in Venezuela!
If the developers (@stoodkev) of Keychain could introduce the possibility to generate these QR-codes also for Hive-engine tokens, businesses could now accept also BTC, LTC, BNB, BUSD and many others cryptos thanks to the wrapped versions that exist on Hive-engine.
Imagine the potential of that and what it would mean for hive! Offering a quick, fee-less payment processor for all major cryptocurrencies! All using the hive blockchain!
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