Hive should get listed on Bitpay
I have been using Bitpay for quite some time. I use this mainly to make some crypto payments. Especially when my domains are due on Namecheap, I try to pay using crypto, and the payments are made with the help of Bitpay. So far I have had an excellent experience with Bitpay as the payment gateway while making crypto payments. I use BCH to make the payments because it is very easy and the transaction fee is also very low.
Recently when I was using Bitpay for one of my payments I was wondering if Hive should be one of the coins used in making payments via Bitpay. Currently, there are only a few places outside Hive where the payments are made to purchase something. I started to wonder if that should be increased first before we wish to have Hive as one of the payment methods.
Hive doesn't pay for exchange listings
To get Hive listed on an exchange, we don't usually pay the listing fees. Most of the exchanges demand a listing fee and that listing fee is sometimes very huge for some popular exchanges. Usually, Hive expects the exchanges to directly list with some help from the node operators but many exchange looks for a single owner or a single point of contact. We have no such thing on Hive because it is decentralized. It wouldn't be fair to even call someone an owner. This is why the Hive community usually lets the exchanges figure it out and provide an exchange listing and mostly the initiation won't happen from the Hive's side.
Advantages of getting listed in Bitpay
The biggest advantage we have in getting Hive registered on Bitpay is the visibility we get. Bitpay is used in multiple places and there are so many vendors using Bitpay as their payment method. I have used this on a couple of websites. Of course, there is a small charge involved while using Bitpay but the seamless payment experience that it gives is a big advantage and that can be one good reason to get it listed. Many new people who have been using Bitpay for their payments might start wondering what Hive is all about and they start investing in Hive. This becomes a good marketing experience too.
Bitpay for seamless payments
Usually Bitpay transactions happen instantly and the confirmations also show instantly. It is just that Namecheap takes a few more minutes to show me that the payment was successful and add that to the wallet. I think this delay is from the Namecheap side because as soon as the deposit happens, I immediately get a confirmation while using Bitpay. So it should be something that is pretty much instant. Even though there is a small charge involved in the transactions, it is in no way near the gas fees of Ethereum or other high fees chains if we do wallet-to-wallet transfers. But I would say that the experience was far better so, even if there is a small fee involved I would be happy to use Bitpay for the transaction for the seamless experience it provides.
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In all honesty hive deserves to be listed in a lot of exchanges than it is currently. But pay sounds like a great platform, hopefully it can be implemented.
Yeah there are some initiatives being taken to list Hive on different exchanges. Let's see what happens.
Listing Hive on Bitpay seem to be a good one but the problem is how we can get that done
Do you have any idea on how Hive can be listed on Bitpay?
I guess their marketing team should be contacted and discussed. They might charge something for listing.
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Sounds like Bitpay is a good platform to pay through crypto. hope hive gets added
Yeah let's hope.
Getting hive listed on Bitpay is a nice idea and would have so many benefits including more visibility for Hive. I hope it happens soon enough. Thanks for writing and have a nice day.
Truth be told, it will really be great to see hive been listed in more exchanges as it goes
More than just listing, we need people trading more and increasing the market cap. That will help Hive price.
This way it will be good for people when they are listed on the exchanges, they won't have any problem to buy and sell easily in a very good way.
More than just buying and selling. Trading will be helpful to keep the price stable.
Yeah.
I strongly appreciate the fact that hive is gradually spreading its coast around and I believe more and more of this will happen as time goes on