LeoMerchants is something we've announced over the past several weeks. It's one of INLEO's newest innovations for the Hive Blockchain.
LeoMerchants utilizes https://leodex.io - a cross-chain swapping UI that enables HIVE/HBD/Hive L2s to be traded for Native L1 assets on other blockchains (BTC, ETH, USDC, Dash, etc. - in order to receive, process and settle cross-chain payments.
We're piloting the program using INLEO Premium as the first-ever product to utilize cross-chain payments.
As we continue to improve the rails, we are talking with several major merchants in the crypto space who accept crypto for their business. The issue they have is that they have to support each and every crypto that they have on their platform.
What if they could accept any crypto for their products/services BUT get paid in only one preferred crypto.
Enter LeoMerchants.
Buy INLEO Premium, Settle in HBD
LeoMerchants allows the merchant to accept ANY cryptocurrency (that is listed on LeoDex - which is currently most major cryptos and will continue to expand) but more importantly, it allows the merchant to get paid in one crypto. They can set that desired crypto with our LeoMerchants API.
The first live use case of this is with INLEO Premium. In case you're not familiar, INLEO Premium is a $10/Month or $100/Year subscription to https://inleo.io. It allows you to get extra features on the INLEO Interface, more exposure and curation on your Hive content, and soon, exclusive access to LeoAI.
This subscription service only accepts HBD as payment... At least, it did until we tapped it in to the LeoMerchants API.
Now, you can subscribe to INLEO Premium using any cryptocurrency. When you send your payment, it automatically swaps your payment into HBD using https://leodex.io on the backend. Then, it deposits the HBD into our Premium payments account (@leopool).
Buy INLEO Premium using any crypto, payment settled in HBD.
We're ushering in an era of cross-chain social finance.
This update is now LIVE on https://inleo.io/premium. Head over there and give it a shot!
A Growing Economy
If you want to build a growing economy, you need to export products/services and bring in external capital for those products/services.
It applies to crypto economies as much as it applies to any other economy.
Hive has never had a great ability to export products/services to other blockchains and bring in outside capital into the Hive ecosystem.
With LeoMerchants, we aim to change that. By allowing users to buy Premium using any crypto and settle their payments as HBD on our @leopool account, we are finally bringing in outside capital to the Hive blockchain.
Selling more Premium subscriptions means bringing more outside capital into the Hive ecosystem.
From here, we'll integrate LeoMerchants into other businesses and aim to settle more and more payments on the Hive blockchain using HBD or HIVE.
If you own a hive-based business, reach out to us and we'll help you integrate the LeoMerchants API.
If you own a crypto-based business, reach out to us and we can also integrate the LeoMerchants API for you.
We're also talking to brick-and-mortar, non-crypto businesses about accepting crypto for the 1st time in their business's history. We believe this will bring a massive marketplace of transactions to the Hive blockchain. Our first pilot program will go live with a local business in Q1 of 2025!
ICYMI, INLEO has a Proposal live on the Hive blockchain. This proposal will give us the marketing budget we need to continue pushing for new integrations like the "Join INLEO, Earn DASH" campaign. This campaign is the first of many campaigns of its kind. We are in talks with ChainFlip, Arbitrum, Thorchain and several other major blockchains to integrate the same "Join INLEO, Earn XYZ" campaign.
If you want to support INLEO and our drive to make Hive thrive, please vote our proposal here: https://peakd.com/me/proposals/332