Hive Pay: A New Evolution To The E-Commerce Sector

Hive stay showing how great it is giving numerous opportunities and creating more utilities. The beauty of Hive is the decentralization that creates room for different ideas that give different opportunities of creating different unique alternatives. This has been the reason Hive is destined to change the crypto economical space.

Thanks to @bhattg who brought my attention to Hivepay swap, this was the first time I saw such Dapp, apparently it’s quite new. As usual I had to do my research because i love researching. Turns out my research really paid off.

Lately I have been looking for a way to diversify my income earnings.Currently I make most of my money from crypto, both blogging, staking and trading. But I have decided to add more to the list, I contacted one of my friend and he suggested we do a drop shipping business together. That sounded like a great idea, but I couldn’t help but think of the payment method. Being a Nigerian, PayPal is not that easy to withdraw from, and lately most of my transaction have been crypto based. So I was thinking, I subtly asked myself, can we have a crypto payment option, preferably Hive. But I reminded myself that Hive hasn’t gotten to that point yet. I spoke to my Friend about having a crypto payment option and he said yeah, it was possible. Fast forward to today, I just discovered that Hivepay gives merchant the opportunity to accept Hive as payment on their checkout page.

This is so great because this is another utility, bullish win for Hive. We might not see the effect right now but it’s on its way. Lots of payment services that provide payment services for e-commerce are diving into crypto, it’s right that Hive penetrates the e-commerce sector.

What can you do with Hive Pay

Well from what I have read and observed there are two major things you can do with this wonderful Dapp, you can use it to deposit or withdraw Hive from Hiveengine. That is swapping Hive to swap.hive and swap.hive to hive. Currently hive pay has the lowest fees in transaction. While others are having 1% , 0.25% , hive pay is having 0.2%. This is the beauty of decentralization and options. You now have choices, when one front end encounters issues, it doesn’t disrupt the performance of the other one.

You need your Keychain to fully utilize the deposit and withdrawal of hive to Hiveengine. To access the Hivepay swap

The E-Commerce Utility
From my story you must have read above, you can see how Hive is about to change the game in the e-commerce sector? The beauty of the Hive pay is that it does not limit merchants from receiving payments in just Hive and HBD, they can also receive payments in Hive engine tokens.

You already know that with Hive and it’s eco system, fees is not our issue. We don’t even know what fees are because we don’t see it. So using Hive will be so great and beneficial for any one using Hive to make payments. Imagine paying 0.25% to 0.5% as fees, this is something that is highly negligible. You can compare that to other payment methods and see the difference between Hive and others.

For more information you can check @jongolson post on Hivepay and also check Introducing HivePay.io

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