But I thought this was about HIVE?
Don't worry frens. It is.
A few months ago, I wrote an article showing people how to purchase gift cards with HIVE using @v4vapp and The Bitcoin Company app. I know it sounds crazy and you're probably wondering what any of this has to do with Bitcoin.
Well, The Bitcoin Company is an app that allows users to purchase gift cards to various different gift cards with Bitcoin via the Lightning Network. Thanks to @brianoflondon's incredible work on v4vapp, we are able to instantly pay Bitcoin Lightning invoices with HIVE or even HBD.
You might be thinking... Great, gift cards are cool but I want actual dollars to spend. Well, here ya go.
One of the most interesting things I recently noticed was the fact that you could purchase a prepaid VISA card with BTC and earn cash back. This instantly got my interest because I was like... With all the FUD around crypto regulation in the US, this is just another way to use HIVE.
So - in just a few seconds, you can take your HIVE/HBD and convert that into USD on a prepaid VISA card. In essence, this would allow you to spend HIVE/HBD in stores that accept VISA cards, which is most of them.
Ok ser, but how?
Well, I'll direct you again to the previous article I wrote showing you how to purchase gift cards with HIVE/HBD. The only difference here is that you'll select VISA (USD) and you'll earn roughly 0.2% BTC in cash back that can be used on future purchases.
When you purchase the prepaid VISA, you select the amount you want and then it is instantly available on the app. You have the option to get both a virtual and a physical card. I have not purchased the physical version, but I imagine it's the same as any other prepaid VISA card.
With your shiny new virtual VISA card ready to go, you can add it to your phone's wallet like Apple Pay or GPay on Android. Again, it functions exactly the same way as any other credit/debit card that you would use to add to your phone's wallet.
Now all you need to do is find a store that accepts GPay/Apple Pay (most of them) and you can use your phone to pay with the VISA card you bought with HIVE. Boom. You are now able to almost instantly convert HIVE to USD without any form of KYC.
It's as simple as selecting the VISA option on TBC app, copying the Lightning Invoice number, and pasting it into the v4vapp website. Once you have done that, you can pay with HIVE/HBD via Hive Keychain.
Obviously, this is limited to the transaction limits of v4vapp, so don't expect to start buying $1000 VISA cards with HIVE through this method. At least for now.
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