Buying Gift Cards with HIVE
I know you probably read the title and thought to yourself, "What does The Bitcoin Company have to do with buying gift cards with HIVE?". That's a fair first thought, and honestly I had the same reaction when I discovered this. I was on a quest to buy a gift card for the Playstation store but only wanted to use HIVE or HBD for the task to make it fun. After a little googling and finding a dead website called Hive Gift Cards, I stumbled upon an article showing how to buy prepaid VISA cards with HIVE. Aside from that, there really wasn't much out there.
With the @v4vapp, we can use HIVE or HBD to pay Bitcoin Lightning invoices, which is what The Bitcoin Company generates for payments. Thus, we are able to spend HIVE or HBD on gift cards through the website. I though this was really fucking cool, so I gave it a go. Not only did it work, but I earned 2.5% cashback in Bitcoin at the same time! I hate spending crypto in general but I wanted to give this a try and make an easy guide for people that might want to spend some HIVE in the future without an exchange in the middle.
I'd like to give a shoutout to @brianoflondon for making this possible! This is truly a powerful tool for the Hive ecosystem, and we should all be in full support of it. I encourage you to vote on the V4V app funding proposal to continue funding and development of the service. This doesn't cost you anything, and every single vote counts. It literally takes 2 clicks. Anyway - on to the guide/experience.
First, head to The Bitcoin Company app and select which gift card you would like to purchase then select the amount. Then click "Continue with Purchase". Different stores have different amounts of cash back, so pay attention to that.
After clicking "Continue with Purchase", you'll get an estimate of the price and an estimate of BTC you'll earn in cash back. If you have any BTC in your wallet, you can apply that to the purchase as well. If you use my referral code H2Z11P at sign up, you'll get 1000 Satoshis you can apply to the purchase.
Select Pay with, and select Bitcoin then "Confirm Purchase".
After clicking "Confirm Purchase", your invoice will be generated. Since we will be using the V4V app to pay the invoice with Hive, there's no need to get a Lightning wallet. Just click Copy next to the Invoice ID.
Now head to the V4V app and paste the Invoice ID.
Once you paste the Invoice ID, it will calculate the cost in HIVE or HBD. Select which you would like to use to pay the invoice and you'll get a prompt to sign with Hive Signer or Hive Keychain. I did this through the Hive Keychain app on Mobile, but you can do the same on desktop.
After signing the transaction, head back to The Bitcoin Company app, and you invoice will be paid in a few seconds. Then your gift card will be shown.
don't bother trying to redeem it, it has already been redeemed
As you can see, I earned an additional 7,297 satoshis that can be used toward future purchases. Pretty awesome. Spent HIVE and earned BTC.
Overall, this is incredibly easy and I had a great experience. Hopefully you learned something useful from my exploration of these platforms. Now I'm off to take some medicine and play some Sonic Frontiers.
If you know of other places we can spend our HIVE without dealing with an exchange, let me know in the comments.
Thanks for reading! Much love.
Wanna learn about all kinds of things you can do with the crypto you earn blogging on Hive? Check out my index - Learn Crypto Stuff for some fun educational crypto stuff.
Posted Using LeoFinance Beta
That's awesome! I recently got the OnJuno debit card that lets me use stable coin (poly or eth based) to make purchase and earn 5% cash back, it's so cool. Being able to spend HIVE is even cooler though!
Posted Using LeoFinance Beta
Oh damn I need to get that one! We need an HBD debit card. Being able to spent HIVE/HBD with no exchange is pretty awesome though
Posted Using LeoFinance Beta
This is a great post!! Intuitively I knew this was out there somewhere, but this is the first time I've ever actually seen it in action. Thank you for pointing this out. More people need to know about this.
Posted Using LeoFinance Beta
I felt the same way for a long time, I just had to try it.
Posted Using LeoFinance Beta
!ALIVE | !BBH | !PGM
@l337m45732! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @vocup. (6/20)
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
@l337m45732! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @vocup. (6/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
amazing
That's truly incredible! It's great to see this use case for HIVE and HBD especially in shopping!
Posted Using LeoFinance Beta
Love to see it!
Posted Using LeoFinance Beta
This does look easy bro...
Thanks for sharing 😀
That's some !PIMP shot right there. I love it.
Posted Using LeoFinance Beta
You must be killin' it out here!
@summertooth just slapped you with 1.000 PIMP, @l337m45732.
You earned 1.000 PIMP for the strong hand.
They're getting a workout and slapped 1/1 possible people today.
Read about some PIMP Shit or Look for the PIMP District
Awesome. There's a lot happening on Hive ecosystem. This is actual time to explore, learn and earn more too. Thanks for this detailed explanation.
Glad it was helpful
Posted Using LeoFinance Beta
Sure.
This is cool, gradually we will be able to do more transactions with our #hive and #HBD without the need to involve exchanges.
Posted Using LeoFinance Beta
Yep, more and more development is the key
Posted Using LeoFinance Beta
When I read the title, I thought it is a clickbait but this is really great information. I think this is not available for other countries. right?
Solid read.
Posted Using LeoFinance Beta
I'm not sure which countries are supported. Check the website
Posted Using LeoFinance Beta
The rewards earned on this comment will go directly to the people( @luckyali ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
I checked and you can also do that with betrefill using the v4v.app
You can get all sorts of gift cards like twitch giftcards. This way you technically can subscribe to my channel using HIVE
Posted Using LeoFinance Beta
wasn't sure if bitrefill supported lightning payments. that's dope! do they do cashback?
Posted Using LeoFinance Beta
I am not sure if they do cashback, but they do accept a bunch of coins as payment. Including lightning payments.
Posted Using LeoFinance Beta
great to know there's another option. thanks for the info!
Posted Using LeoFinance Beta
Congratulations @l337m45732! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 60000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Check out our last posts:
Support the HiveBuzz project. Vote for our proposal!
😢.
Posted Using LeoFinance Beta
What a really great app we need more like this
Posted via
Veews
wow this is something new that I didn't know thanks for sharing :)