RE: Incentives For HBD to Become Desireable as a Payment Method

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RE: Incentives For HBD to Become Desireable as a Payment Method

gadrian in LeoFinance • last year

That makes sense from the time the price was set to the time of the payment. What happens after the purchase? They'd have to:
option 1) watch for the price of Bitcoin all the time, learn about its cycles, get scared when there's a pullback, or
option 2) sell it every time they get it, which is kind of inconvenient, or
option 3) become experts in the markets and hedging, even though they sell meat, for example.

Otherwise, I've already seen HBD leveraged as a payment option where BLN was accepted, but that doesn't make HBD more attractive, it just represents a way of spending the HBD we earn over here.

Thanks for dropping by!

last year in LeoFinance by gadrian

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yecier last year

You missunderstood my point, business that accept BLN can be introduced to HBD as solution. They charge the client BLN but receive instead HBD and protect themselves against volatility holding a decentralized stablecoin and earning some interest in the process if they send HBD to Savings.

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gadrian last year

That's different, indeed! I'm not sure if that requires some more work to the V4V.app, but seems probably more achievable than other options. It would also need to convince some of the businesses to accept HBD instead of BLN. That may work for business owners who don't like the volatility of Bitcoin.

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