How inleo can be the perfect tool for those without a bank account? #LPUD
I recently got to attend a space on X hosted by @khaleelkazi khal and got the opportunity to listen to the thoughts of MarianneNFTs
One of the things that came up in the show is how a number of people are having issues with the banking system. You end up not using a bank account.
In a way you are unbanked if I could use the word in this context.
Being unbanked or not having a bank account is a phenomenon experienced by people from a large number of countries around the world.
This can be a challenge for individuals and families as traditional banking can be a useful support system for keeping the funds secure and making the funds grow.
This would be the ideal case however our world is far from real.
We live in a world where there are bank runs, the currency of the country you live in may suddenly get devalued overnight and become worthless.
There can be many more reasons for a person to end up in such a situation. While this may seem like a challenge to many, some innovative folks are finding workarounds for this challenging situation.
One of the solutions that is implemented is the use of crypto.
By using self custodial wallets users are able to completely take the ownership and control of their crypto.
This is possible as they manage the keys to their crypto wallet.
Thus the use of crypto paired with self custodial wallets is proving to be the lifeline and support system for many.
Another support system and tool to boost both the social connectivity as well as the means to earn some extra crypto is inleo.
Inleo is a web3 frontend built over the hive blockchain.
What makes Inleo and hive stand out?
A user can create a free inleo/ hive account by using the link and using the X.com or google account to complete the inleo signup and onboarding process.
Post signup the user should download the account private keys to take full control of their blockchain powered account.
Each account comes with a wallet which can store the hive and HBD owned by the user
By way of creating content be it short format microblogging content like x.com (twitter) or long format blog post like content a user can freely express himself.
Each post, thread or comment created by the user using the inleo platform makes a user eligible to get upvotes.
Each upvote can earn the user leo, hive and other tokens
These tokens are paid out to the user after a 7 day payot window.
Once a user has some hive and hbd in his wallet he can send them to other users at zero transaction fee and super fast speed.
A user can also use leodex.io to use his crypto to swap his crypto to layer1 cryptos like BTC or ETH
Alternatively layer 1 cryptos like BTC, ETH etc can be swapped to the hive blockchain.
All these swaps are facilitated by leodex.io a no KYC decentralized exchange built over the Maya Protocol
With all these features the inleo team is always there to help new and old users whenever the need arises.
Final thoughts
Inleo is a great platform available to everyone irrespective of the country one comes from.
The is no KYC required to sign up and use inleo
Inleo is also bearing the cost of the account creation and offering a free account creation opportunity to a new user.
Now is the time to step into the realm of web3 with inleo. Use the link to create an inleo account and start your web3 life with ease and the support of the inelo team and the backing of the entire community.
LPUD is here folks
It is the 15th and time to power up your Leo tokens and be eligible to win some amazing delegations.
So power up your Leo and make the most of the opportunity.
Cover image created with Microsoft image creator
Posted Using InLeo Alpha
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❤️ @bhattg suggested sagarkothari88 to upvote your post ❤️
The show was awesome but i still think people still would prefer the physical bank account to the digital one