HivePay Payments Is Back On The Hivelist Store!
Hello Hivers! We are very happy to announce that we have added the @hivepay-io payment system back to the Hivelist Store as the first payment option at checkout! You can now pay with your choice of HIVE, SWAP.HIVE, HBD, and SWAP.HBD. We are considering some other Hive Engine tokens like SPS, DEC, and LEO, but we haven't made the final decision yet.
Working With The New Hivepay Team
We are happy to have worked with the new Hivepay team and were able to get them to update the Woocommerce plugin that the previous developers gave up on and never updated after they updated the Hivepay platform, not to mention not keeping up with Woocommerce updates. So having a new team that was willing to get everything all up to date for those of us use the Woocommerce platform on Wordpress to build e-commerce solutions! We are excited to get it back up and running on the store!
Future Token Payments
Like mentioned earlier, we are accepting HIVE, SWAP.HIVE, HBD, and SWAP.HBD currently, but are looking at adding a couple of the other high volume tokens from Hive-Engine. They have to be tokens that can easily be swapped into Hive or HBD without much or any slippage at all to make sure we are covering all costs of items, shipping, etc. It's not as big of a deal for digital items, but with physical, we need to capture as much of the dollar figure as possible. This is where HBD really shines as a payment method.
We are looking at adding DEC, SPS, SWAP.BTC, SWAP.LTC, and maybe LEO in the future. As a project that embraces crypto payments in commerce, we want to offer as many options as possible, but they have to have some good liquidity so we can transfer out as needed to pay vendors and to cover overhead costs.
Happy To Have Hivepay Back In Action
We are happy to have Hivepay back in action as a payment option which allows a more automatic processing instead of us having to do it manually. This will make ordering using HIVE or HBD a much smoother process!
Hivepay is just one of the payment options we have on the store. Users can also choose to pay with Monero, BTC or BCH, and various other options through our DePay payment plugin.
Fiat Is Gone For Good!
We are completely done with fiat payments on the Hivelist Store. We have bounced back and forth with it, but we decided to just be done with fiat all together unless with need to sell some crypto for costs to run the store or products. We also needed our fiat payment options to be available for a new business that is not crypto focused, so we wouldn't have so many issues with the payment processors trying to shut us down, which has been its own nightmare as we have built out the store over the last 4 years.
So now you have options to pay with not only HBD, but also HIVE as well as other Hive-Engine options we decide to add on in the future!
Let us know what HIGH VOLUME Hive-Engine tokens you would like to see as a payment option on the store, and more importantly tell us if you would use it!
Do you have products or services you want to put up for sale and earn crypto?
Come and take a look at becoming a vendor on our store! We pay in HBD for all of your sales and commission! We handle all payments and exchanges so you don't have to worry about all of that! Sell your products or offer services and let your customers pay with crypto!
If you are interested in starting your own ecommerce business in the crypto world, then click here to learn more about becoming a Hivelist Store vendor!
Want to make some extra HBD? Become and Affiliate!
Come and sign up to be an affiliate and get paid monthly for any sales you refer to the store! Affiliate commissions are 5% of the profit from any sale! Get started as a Hivelist Store Affiliate Partner today!
Don't forget, we have Hivelist Store gift cards!!!
Need to get a special gift for someone, but don't know what to get them? Have you tried introducing someone to the crypto currency world, but want to make it an easy introduction, then try out one of our in store gift cards! You can purchase them with any number of our accepted cryptocurrencies!
https://store.hivelist.io/product-category/gift-cards/
Keep calm and Hive on!
An E-Commerce Solution For A Cryptocurrency Based Economy
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Farewell fo Fiat is around the corner. With programmable tokens (VSC), imagination is the limit, on how people will exchange information. That is money today, just numbers on a datasheet.
We already have tokens on Hive-Engine and we are only going to be offering a few of the high volume ones. Not sure where VSC is really going to do anything different. HBD is really what we have been trying to promote as a form of payment. Honestly really don't care about many of the second layer tokens at all for payments. HIVE and HBD suffice well. Then we have Monero, BTC and BCH, and other stablecoin choices on 4 different chains as options.
The possibilities of more advanced contracts are to have time-based tokens for timebanks, real-world based assets, actual Non-Fungible tokens etc. Instead of just a debit/kredit database like Fiat, or a virtual currency having the same name and about the same "value".
Surely many currencies are based on USD, like Euro, the constant inflation does go hand in hand with HBD. For simplicity it is a good option, but for people outside the US it can be confusing.
Internalization is a big thing in tech, one usual practice is to give the option to choose the preferred currency. Have been warching the project evolve for years, just giving ideas for the future.
That's great and all, but having those smart contracts isn't going to do anything for us as far as in an e-commerce project.
As far as stablecoins, most commerce is done in the dollar anyway, no matter what people want to think in the crypto space, so stablecoins are really the best medium of exchange we have. Most if not all material purchases have to be done based on the dollar, and until that changes, it's what we would rather have for payment. Again, we have other options to pay with like Monero, Bitcoin, and other Web3 coins like ETH, BNB, MATIC, and SOL. So people have the option to pay in whichever of those currencies they want.
We have to accept only high liquidity coins though so we can easily swap into stablecoins for vendor payments and other overhead costs, so we don't want a bunch of tokens with a tiny amount of liquidity because we don't hold them or anything. We are built on Hive Engine and that is where all of the support is, so we haven't been paying attention to anything VSC is doing as it really doesn't do anything for us.
Just thinking out of the box. Automated escrows, data-based receits, transport tracking, local services, the list is endless. VSC just as an example project in Hive "ecosystem".
A decade working with p2p currencies and communities have taught something, cooperation is important. If the goal is just to be another market webpage, that is totally acceptable.
Yeah I get you on that. The problem is that we don't get enough support on Hive to do anymore development than we do, so we are not really worried about adding any more complications to the platform. If anything we are looking to build a different marketplace that is not tied to Hive like we are. The Hive community has gone downhill hard the last couple of years and it's been extremely difficult to get any traction. The community has spoken that they don't care about e-commerce as much as we would have hoped, so until things change around here, what you see on our platform is what you get.
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