Introduction
Hive Debit is a groundbreaking project that brings NFC-enabled, decentralized payments to the Hive ecosystem. By leveraging Hive and HBD, it offers an instant, feeless, and intermediary-free payment system using NFC cards, tags, and wearables. The project is spearheaded by @jthomasewsky and backed by key investors and ecosystem contributors like @Starkerz and @TheyCallMeDan.
Unlike traditional financial systems or centralized crypto payment solutions, Hive Debit ensures full user autonomy, privacy, and accessibility by directly integrating with the Hive blockchain. The project aims to bridge the gap between blockchain technology and real-world usability, providing an easy-to-use and highly scalable solution for merchants and users alike.
Proof of Concept Already Operational
Here are some videos of the cards already working in various businesses across South and Central America. Many of the videos come from San Salvador, the capital of El Salvador. See the POC videos below:
POC VIDEO 1 - Missbitcoin-sv spending in El Salvador
POC VIDEO 2 - Missbitcoin-sv onboarding businesses in El Salvador
POC VIDEO 3 - @starkerz tapping to pay with HBD in real POS terminal
Open Source - Tap to Program
As part of this funding, Hive Debit shall ensure that anyone can program a typical 200 bite NFC card locally using their mobile device so that they do not need to rely on a Hive Debit delivery service to benefit from these cards. The user will be able to log into the Hive Debit website and tap the NFC card with their mobile device in order to program the card.
The goal is that by the end of the funding period, Hive Debit code will be provided fully open source so that anyone can program their own card technology and improve on the one tap payment standard on Hive that we have made.
Repayment
If Hive Debit becomes profitable via card sales and sales of other financial service products, it shall pay back all of the funds to the DHF obtained as part of this and any future funding kindly provided by the Hive community.
Objectives
The purpose of this DHF proposal is to secure funding for the continued development, expansion, and adoption of Hive Debit. Key objectives include:
Enhancing NFC payment functionality: Enabling direct payments from Hive to Hive and HBD to HBD and also implementing Hive > HBD and HBD > Hive transactions to increase flexibility within the ecosystem.
Creating a Hive Debit landing website: A portal where users can order NFC cards, manage their accounts, and top up their balances.
Expanding compatibility to iOS: Researching and implementing alternative NFC solutions for iPhone users.
Enabling Lightning payments: Implementing Hive > Lightning and HBD > Lightning transactions to increase cross-network usability.
Developing merchant tools: Creating a user-friendly Point of Sale (POS) interface accessible via URL to facilitate merchant adoption.
Scaling Hive Debit for global adoption: Setting up a secure card production and distribution network to onboard new users efficiently.
Integration of a decentralized conversion mechanism: Automating Hive to HBD conversion to enhance liquidity and usability.
Promoting adoption through sponsorship and events: Distributing pre-funded Hive Debit cards at conferences and meetups to drive adoption.
Development Roadmap & Budget
Based on our structured implementation plan, the development will follow these phases:
Phase 1: NFC System Development & Testing
- Compatibility testing with Android POS terminals
- Security evaluation of NFC tag types
- Implementation of cryptographic authentication for secure NFC transactions
Phase 2: Landing Website
- Create a Landing Website where the users can learn about HiveDebit.
- Tap to program your own card or wearable
- Check Your HiveDebit Card Balance and Swap/Manage/Recharge it.
Phase 3: iOS Compatibility Research & Implementation
- Research on alternative NFC technology for iPhones
- Development of a complementary iOS application if required
- Web NFC technology evaluation
Phase 4: Lightning Payment Integration
- Development of a Lightning Network payment gateway
- Sandbox and production testing with Lightning nodes
- Automatic Hive > BTC conversion mechanism implementation
Phase 5: Hive to HBD Conversion Mechanism
- Implementation of a decentralized conversion system
- Testing across different scenarios to ensure reliability
- Integration with oracles for accurate conversion rates
Phase 6: Merchant & POS System Development
- Design and development of a simple, web-based POS system
- Receipt history and cashier tip functionality implementation
- Multi-currency and merchant-friendly UI design
Phase 7: Card Production, Packaging, & Distribution
- Secure packaging design to prevent NFC tampering
- Pre-loading mechanism for pre-funded Hive Debit cards
- Establishing shipping hubs to enable regional distribution
Phase 8: Event & Sponsorship Initiatives
- Providing Hive Debit cards at major blockchain events
- Sponsoring Hive adoption at conferences through NFC-powered payments
- User education and marketing campaigns
Schedule
Hive Debit is projected to take between 7 and 12 months, however, being new technology, this is not guaranteed.
Resources Chart and hours burned charts:
Community Benefits
Hive Debit is a crucial step in enhancing Hive’s real-world utility and adoption. By integrating NFC payments with Hive and HBD, it makes blockchain-based transactions as seamless as traditional banking systems while maintaining decentralization and privacy. The project aligns with Hive’s core values by promoting:
- Increased Hive & HBD adoption: Encouraging merchants and users to transact using Hive’s ecosystem.
- Borderless financial inclusion: Offering a decentralized payment solution without restrictions.
- Security & autonomy: Users retain full control over their funds without third-party access or intervention.
- Real-world application: Providing a practical and scalable alternative to centralized payment systems.
Total Budget Requested: $50,000
The funding will ensure that Hive Debit achieves full functionality, scalability, and merchant adoption while keeping transactions 100% decentralized, feeless, and secure.
This a sustainable project, what else you can have?
Cheap, easy to use and cool.
If you have any question feel free to ask.
Pancakes.
I would love to see this developed and adopted. My biggest questions surround the POS technology. What system was used in the proof of concept? It looks like a Bitcoin based POS that a store already has installed, is that right?
So does the hardware needed for stores to integrate the system already exist? Or is developing hardware or partnering with existing hardware suppliers part of the plan?
I think it is very challenging to market POS hardware globally, but if the system can integrate within the eco system of existing POS suppliers, then the task is made much simpler.
for this, we used an existing POS that has a browser. if there is a browser, we can open hivedebit.com and pin it as a browser to the home page of the POS terminal. Tap to spend then works. So the onboarder would need to check with the business if they have browser tech in their POS. if not, we either need tp provide them with one, have them buy one, or show them how to use the tech on their mobile phone so that they can accept one tap payments to their phones.
development of hardware is not currently included in this plan. but it can be worked on once we have more of the tech in place as a new phase.
The hope is that where possible and where the POS has browser tech, we can integrate without having to bring in new hardware. however, some POS system are blocked and cannot access browsers.
OK thanks. I just asked Grok to do a deep search on this subject as I am not familiar with how common POS support for web browser access is.
Cutting down a long reply, it concluded that this is the current situation for support and associated market share:
Grok is definitely not always right, but this shows that less than 20% of POS systems potentially support this feature AMT - do you know of any others that were missed?
TBH, im not so worried about this. we have proof that our Trusted Guides on Hive are strong and are able and incentivised to roll this tech out in the real world and build quite significant cash flows through the businesses. The cards will likely be their main onboarding demo methods to show businesses how easy it is. many businesses will probably sell or give their clients pre-loaded or empty cards to make spending at their establishments super easy.
However, if the business already has an existing POS with browser, this tech can already be used there. many BTC POS systems are set up this way already, so it allows the tech to piggy back off of that infrastructure already (quite beautiful). worst case if we cant get the businesses to use their own browser or their existing browser based POS, then we are back the same position that V4V is at, and we can get businesses to use V4V, so there is no reason to worry there. even worse case than that, maybe we have to produce a few POS boxes ourselves, market the product and eventually sell them or stake HBD to cover the cost of distributing them for free.
👏 looks great !!! good luck and I am sure you will have the support to make this happen!!!
Does it require you to have the card to pay? Can you also pay like you do with apple pay?
It can be paid with a wearable item such as a ring or a chain, the plan is eventually to have such cards made digitally and have them added into apple pay. There is much work to do before then until we know for sure if this will work, but it is certainly the intention
Apple pay could be hard to use, but we are gonna discover that in phase 3 with the iOS compatibility.
A great initiative! And congrats on El Salvador for piloting this. Excellent!
Wow, a Hive debit card! That's wild!
!LUV the idea.
You have my support.
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This really is a great initiative and I hope it gets voted ❤️
If such a thing happens, it would be perfect. I voted.
Hive debit card that would be so cool.
Will it bear your Hive username or an assigned number?
It could work with both
Okay
That's cool
I dunno, cards are already getting outdated. This seems not needed.
Oh really 🤔
I think so yes. Just seems like it’s energy being used on something becoming outdated.
What's the new update then?
Touch-less pay. cards are becoming a past use technology. Phones and an easy no touch scan is pretty much the norm now. Especially if we fast forward 5 years. By the time energy is spent on this it will be further outdated. Spending money on physical cards won’t be a thing in a few years.
True, though.
But, I think starting little could pave way for greater one.
🤔 touch scan is a great idea, especially hive that is basically an online stuff.
Voted for the proposal
That's very interesting. Boosting the use case of Hive and HBD.
Exactly!
That's amazing!
This is great.
There are crypto debit cards that convert to FIAT and the business doesn't even know the customer paid with crypto. What does it take to accomplish that?
Integration with such technology. However, I'd rather focus on HBD to HBD payments for now at least. It keeps HBD value in the system and HBD has WAY more benefits anyway!
No we can't do that and it's really hard because Hive is not an enterprise that can go and talk with Visa or Mastercard to have something like that, so we can't pay but in the future we should take a look on the solutions such as the Latinamerican ones.
I would like to hear more about underlying technology to evaluate the possibilities in the long run.
what is the difference in using this compared to V4V?
no difference. in fact, in many ways it uses V4V technology on its back end.
Also, this is tap to pay, and with time, V4V can integrate this technology into its own POS system by just adding a few lines of code.
I don't understand why there seems to be a need to enter a username when generating the invoice ? What username are we talking about?
When the Point of Sale System is completed, the businesses account will be entered once in the settings and after that point only the name of the server (optional for tipping) and the amount will be entered in the main interface to generate a one tap invoice
Cool, that's excellent!
I mean it's a dream innovation.
Would a Hive debit card have to be FCA approved (or approved somehow) in the UK?
Appreciate it! A transfer from an HBD account to another HBD account using Hive Debit is exactly the same thing as a transfer from HBD to HBD using a keychain wallet or V4V transaction. the only difference is that the money on the Hive Debit account does not need a signature on chain to send, just a tap. (so dont use your main account obvs). If the card should be regulated, then all Hive movements with signatures on UK soil should also be regulated.
Can you explain this in detail from a technical point of view? Are there any third-party systems/accounts involved to handle the spending? How do you sign the transaction to send Hive to another wallet? Do you keep the active key on NFC and read it to sign the transfer?
I answered you on Discord, but anyway I'm gonna release in the next few days the technical proposal so everyone can see how it's gonna work, and also to proof that this is one of the best proposals for Hive.
OK cheers, so use an alt, noted!
I see no commitment to GAAP and affirming to Hive that there is not fraudulent theft of funds provided by the DHF. Therefore I will refrain from voting for this proposal until GAAP are part of it, and will continue to vote the Return proposal, and recommend doing so to all concerned.
It is past time the DHF adopted the time tested mechanisms that ensure honest business.
Are you suggesting that we are steeling from the DHF? Owch. Noted. Was not aware you felt that way.
I appreciate your concern, Can you help us understand how to run this project with more "honest business mechanisms" and we will do our best to comply with your request
GAAP, generally accepted accounting practices, as I pointed out in my comment. Simply providing the evidence of expeditures of the funds so that there is no question as to how those funds are spent. Other DHF proposals have been extraordinarily profligate with expenditures without any accounting whatsoever, and this has been further accompanied by direct, credible accusations of theft by fraud.
Requiring GAAP is not accusing you of anything. It's simply how business is done because theft by fraud exists, and honest business proves it does not enable theft by fraud.
I do construction work. Sometimes I spend $T's for my customers on materials. When I do that I provide them receipts. I do not provide them receipts because they accuse me of fraud, but so they will know that I do not commit fraud, and they will never accuse me of it - unless they are attempting to commit fraud, or are incredibly stupid and do not understand something extremely simple.
Others are stealing from the DHF, as best I can ascertain. I have posted factually about this in the past. I do not intend to enable anyone to steal from the DHF, and it is my hope that you do not either. Both of us can show our commitment to not stealing from the DHF by insisting on proposals adhering to GAAP.
I appreciate the courteous reply.
Cool, In my pre crypto life, i was a construction and project manager on oil and gas jobs, expenses were montiored very tightly.
It is of course our intention to provide receipts @jthomasewsky and I will provide clear receipts on spending for this project and also progress reports that show hours burned against planned, and other expenditures.
I agree, we need a little more transparency on DHF funded projects like that.
Also, If anyone is stealing from the DHF, we hope that the way this project is executed demonstrates how it can be done transparently so that more DHF projects follow this example with their spending.
I really hope that this commitment becomes a trend that all DHF proposals adopt from here on out. I was very impressed with the account of Cold Beet Root Soup (CBRS) that renovated a classroom so that kids could learn about web3 at a cost of ~$2k, which they did not source from the DHF, but closely accounted for all expenditures and detailed the work as they did it.
It is a great model for folks receiving funding for a project to follow, and it will be a difficult example to surpass.
Thanks!
I will like to know more about it
Now it is not about illusions but about the concrete. We are facing the definitive adoption of Hive, and this proposal is a giant step towards this goal. Furthermore, after reading the entire proposal, I understood that all the development behind it will allow a resounding change in the way payments are made, in an efficient, fast and secure way, using state-of-the-art technology, maintaining decentralization, but marking an alternative to the traditional payment system.
If we want to lead the world, to be on a par with the great exponents, don't forget to support this proposal that will make a difference! 🚀
Appreciate this! We hope all of Hive will be tapping to pay very soon!
Great project, I will support it
Appreciate your support @tobetada
"200 bites" is a lot of bites. Can you really eat that much cake?
bytes, bites, one has cake, so its better.
I can with Pancakes
bytes are small so i would assume we are talking about small bites.
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So you are inventing a new way to comfortably sell Hive?
How this is supposed to help the Hive price?
If I would be a potential investor, the ability to sell the token would be not my no. 1 priority, right?
idk I'm not a sales man, this is not to sell hive, this is to use it.
Using = selling
yep that works
This is actually more of a way to transfer hive with only one tap. no Keys, no signature. we advise a separate account to your main account, however, with spending money ONLY on it. you can then tap to spend instantly wherever Hive debit is accepted.
Having used it myself, I think that's super cool!
Yes, very comfortable, but that was not my point.
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Can you link the proposal
https://peakd.com/dhf/@hivedebit/hive-debit-dhf-proposal
Cheers mate
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STOPYou had me at the point where you said you'd repay the DHF if you hit profitability 😀
Admittedly it would be useful in due course to see what that break-even point is in cash terms, but just the principle is a vast improvement over so many other proposals which just expect a pure grant even if they'll be generating revenue.
My business had a shop in the past (before going purely online), so I'm interested in what it would look like from a retailer perspective.
I guess the key barriers to overcome are to integrate it into existing hardware where possible, to avoid the "I don't want yet another machine cluttering up my counter top" reaction, and also a really easy way for retailers to enter a price in local currency, select HBD or HIVE and then the machine does the rest.
In crypto, we're used to complexity, but this has to be simple enough that even the dimmest shop assistant can be quickly trained to use it without error.
As a thought, have you talked to @distriator about offering this as an option ? It's one of my favourite projects, but I've seen posts occasionally where it doesn't' work because it relies on both customer and retailer having good mobile signals (not always a given in some of the places where it's most popular !)
That's so awesome. I want one of those cards. Keep working to make it come true.
Nice this would be another add on to hive hope it gets people holding on too hbd, but am not sure it retain visitors