How much of an issue is price volatility on BTC?
Because I'm seriously looking at making a really simple wallet which holds HBD whose value is pretty reliable, but which can SPEND in Lightning at the moment you want to pay.
Users will hold their funds as HBD on Hive so the value is linked to 1 USD and they are owning their keys, but they can still deposit and withdraw as Lightning.
Do you think this is something that will be useful in Cuba?
Here what I have seen is that many usually convert HBD or HIVE to BTC LN to be able to make instant payments from the wallet (Muun or Wallet of Satoshi), and another portion is taken to a stablecoin like USDT or BUSD because of the volatility of BTC.
I think that if you could have a wallet that directly hosted the HBD and paid in BTC LN, I see it as super helpful, as it is very likely that many would choose to keep their money there because they would have in one place the speed of payment in Lightning and the stability of HBD.
Although unfortunately, payments in BTC LN are not something that is very frequent here, it is precisely something we would like to see happen more and more often.
Hello. I believe something like that will be usefull worldwide, not only in Cuba.
Here for business is a big issue but they are already using exchanges or other platforms to change BTC LN or any other not stable cryptocurrency into a stable one. The most used in Cuba are USDT trc-20 and BUSD from the BSC, but we want HBD to be one of the most used in our country, and for that our community needs to grow more.
I know your wallet will be useful for every cuban, but the amount of people that will be using it will depends on the people that use the HBD and now we are just starting.
My advice is to focus not only in Cuba where I’ll happy promote the use and benefits of your wallet, but focus also in Venezuela, México and other countries from LATAM. For that i can reach some Hivers friends.
I hope this could be helpful and anything you need from me or the cuban community just tell us.
Dear @brianoflondon, it would be great to have a hybrid wallet of HBD and BTC, for us Cubans, and in other parts of the world they also solve many problems for us, in addition to moving away the votability guarantees a better management of funds when cashing in business. Imagine that when making a payment the recipient decides if he wants BTCLN or HBD, that's great, in the same way that the sender decides if you take the funds from BTCLN or HBD. There is a similar experience in Salvador's ChivoWallet and Galoy 's Beach Wallet, which have taken the use of lighting to another level. If you succeed, you will give us a powerful tool. Thank You Very much!!!