Guys Guys Guys. Check this out:
We might be able to buy HIVE directly from FIAT. This could potentially kill the 'entry barrier' to HIVE. ✌ We badly need something like this.
Found this comment on this cool post by @niallon11: https://leofinance.io/@niallon11/we-need-a-fiat-hive-onramp
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Yea its a much needed feature. It could come in useful when there are some opportunities available in terms of deals or low prices in the market.
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It's always better to have more options to get into Hive's ecosystem. Let the money flow from all directions. 😎
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It is also a lot easier for US residents.
This is something that often gets overlooked. It is a pain in the ass to get onto Hive in many instances.
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Yea and apparently he just replied to me so he plans on it being bi-directional. No reason to go to those centralized exchanges anymore.
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At least there is a bridge between the two.
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Well it is just another exchange that will handle it.
That is good for the US. I use Blocktrades for my crypto transactions onto Hive from Fiat. I have to go through coinbase. So it would save me a step.
So it would be a help.
I still stand by the idea that the future is not in CEX nor in fiat moving in but in crypto-to-crypto.
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I also use Blocktrades. Hive --> USDT --> INR. Eats a lot of money in transaction fees. That's the problem with CEXs. INR --> USDT --> HIVE is even trickier for me due to taxation issues. :(
Sure. Until I convert all of FIAT into crypto. 😁😁
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Don't forget that fiat is still required for life right now. It might be a decade until things change.
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That's true, that's why I want to stack as much as I can. I am ready to lead a normal basic life till then. Things turn around quickly in this space.
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How about HIVE to FIAT? 🤔 While we would like to grow the Hive community by encouraging people to buy HIVE and stake Hive Power, we should also give Hive users the option to withdraw HIVE directly to FIAT. 😁
Yes they said they would implement it as well. Remove all the KYC that exchanges require of you.
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Yes, that would be great but I feel we need to focus on creating more bridges for entry than exit. So that people come and stay for a while. And give them enough reasons to keep their HP for a longer duration so that they don't care about exiting before building sustainable assets.
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Thanks for your response! 😀
To summarize, my point is below:
😁