Are they doing that because they want a payment system outside the establishment? That is not likely.
What if I say yes?
To be honest, a new payment system would be awesome. And Hive have huge advantages in this. Fast and free transactions. There is literally zero transaction fee. Imagine directly paying for bread and for other foods with Hive and with Hive Dollars (HBD). This would be awesome. We would not even need to sell cryptocurrencies for fiat. We need businesses and stores/markets, which accepts direct cryptocurrency payments.
This could even eliminate the current (fiat) payment system in long term. People just/only have to take the first step, and the rest will come and go.
It would be amazing and there is a new payment system forming. But do you see that being the reason why many purchase Hive or Bitcoin or any other non-stablecoin? Most purchase those for the speculation.
Even you mentioned the use of HBD. I think that is a more viable payment mechanism as compared to $HIVE.
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I like the HBD. Especially its 12% APR interest nowadays. I put most of my HBD to savings, but not for speculation. I am saving it to be able to buy and live in an RV. My goal is approximately $3000 USD. Currently this is the cheapest RV in my country (in Hungary). I currently have $977 HBD in savings. If I assume that $1 HBD is $1 USD, then I need to earn/receive/collect approximately an additional $2023 HBD to reach this goal. Sounds like an achievable goal in the upcoming eight or nine months. If not, then I have to make another plan to be able to live properly. We will see. Maybe there will indeed be something better.
It will keep growing and my guess is we see bit higher interest at some point. I would not be surprised if the witnesses move it up to 15% this year.
Keep filling the savings account.
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