The Hive ecosystem has patched together a set of amazing free tools for payments. Among these, two excellent mobile wallets, Hive Keychain and the Ecency app.
But one stands out by its cleverness, https://v4v.app
It offers any shopkeeper with a payment terminal that is connected to the internet and can run a browser a light "point of sale" (PoS) that can accept fro free HBD and Lightning sats, with great ease.
First, it needs to be underscored that v4v.app is actually ... not an app! So shopkeepers do not need to install anything on their terminals. v4v.app is a mere website (a "web app") where one can navigate with any web browser.
Second, it offers a PoS where prices can be quoted in almost any currency (for instance € in the screenshot below), and the conversion rate between crypto and the selected fiat currency is calculated on the fly.
Third, it generates a QR code that can be read by most modern photo cameras in addition to the dedicated QR code scanners of ecency app and Hive Keychain, for HBD. And a LN compatible code that can be read by most Lightning Network wallets.
Fourth, but surprisingly not the least, it's fast and its graphic feedback (the green checkbox and the little confetti animation) are much appreciated by the shop owners.
In the short video, published on the decentralized SPK network, you can see v4v.app being use to facilitate a Lightning payment. Fast and with very low fees.
The "switch" to Lightning sats is done in athis v4v.app screen
Benefits of using Bitcoin Lightning sats over HBD:
- More people have LN wallets than Hive wallets
- Bitcoin is extremely popular - in terms of marketing, being able to accept bitcoin payments (through lightning) can bring important marketing benefits for the shop
- If the shop owner does not need to convert the sats into fiat, he can over the long term benefit from Bitcoin's appreciation
Benefits of using HBD instead of sats:
- Stablecoin with no transfer fees at all
- No "Hanyecz anxiety" for the customer (paying with Bitcoin today can lead to "10000 BTC for 2 pizzas" regret ten years later)
- If the shop owner does not need to convert the HBD into fiat, he can put HBD in savings and benefit from the 15% APR currently on offer
- If the shop is whitelisted, the customer can use distriator.com to claim cashback
Same video uploaded to YouTube in case the SPK network (still at its beginnings) is temporarily inaccessible
