1/🧵
Hivesucre is doing some powerful stuff. We know the potential of HBD and that region is showing it. We are watching the community grow as well as more HBD being used.
1/🧵
Hivesucre is doing some powerful stuff. We know the potential of HBD and that region is showing it. We are watching the community grow as well as more HBD being used.
Normalizing buying IRL goods with crypto is a fascinating and critical element of this whole Web3 thing. Glad to see that Hive isn't shy about it!
4/ B2B is crucial for the future of HBD. When businesses take in the currency and then use it for purchases they need, then you have a velocity of money that can explode. We see how HBD can really make an economic impact.
5/ This is where the transactions detailed in the article come into play. The fact that businesses are now starting to spend the money where for things they require, this means the money stays in the area. Here we can see huge growth.
2/ Feeding the currency into the region is the first step. Of course, there are other economic factors to consider. They had a Hive pizza day that was encouraging as many turned out for food and festivities.
3/ This is a great first step. Payment of goods and services like pizza with HBD is a starting point. It is not very effective if the currency ends up leaving the area. Here is where a second vital step needs to occur.
Its interesting and exciting to know.
But in India the things took time to reach that level.
For full article:
https://leofinance.io/posts/taskmaster4450/hbd-circulating-through-sucre-benefitting-hive-and-the-local-community
Global adoption comes from small steps like these. HBD is merely the start of something bigger that only can turn into development to Sucre.
It is just the tip of the iceberg, demonstrating the potential of $HIVE and $HBD in particular and #crypto and #blockchain in general.
This is an interesting project showing the potential of the $HIVE ecosystem and that $HBD is not just an abbreviation and some numbers on a screen.