Hive Needs To Build Outside Economy Ecosystem

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Pic : https://cointelegraph.com/news/understanding-the-bitcoin-ecosystem

One of the strongest ecosystems in cryptocurrency is bitcoin. You can see the image above. The price will be influenced by demand. The demand for bitcoin comes from consumers, merchants, and traders.

In the fiat economy, consumers play an important role in stabilizing prices. Everyone needs fiat to buy and sell products. Currently, there are thousands of merchants that accept bitcoin worldwide. No wonder, bitcoin is the king of crypto. There is only one country that legalizes bitcoin as legal tender. When more countries adopt the same policy as El Salvador, the demand for bitcoin will increase. This scheme will increase the price automatically as a result of supply and demand.
How about Hive? In my opinion, and you may disagree, the Hive ecosystem is still focused on developing ways to make money.There are no many tails of the Hive use. There are only a few customers use Hive but they are very limited. The demand for Hive is to buy NFTs and upgrade games.

Hive or HBD payment systems on merchants' sites will attract new Hive users to buy products. Hive will then become a payment method or true currency.In this case, there will be more Hive users who earn Hive through activities other than blogging, trading, or staking.They will earn hive through a payment system. The bigger of the tails of the ecosystem the more demand for Hive. It will affect the price surge.

What do you think? Do you want to open a store that accepts Hive or HBD?



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4 comments
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We do need that, certainly. However, we also need a financial system built. One of the main things we are awaiting is a robust, decentralized layer 2 smart contract system.

That is what Hive truly needs.

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I hope there will be more merchants that accept Hive or HBD, I usually buy internet data with litecoin in bitrefill. If there is merchants that offers that service, I prefer to use HBD to shop

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