It's official: Hive Micro has declared that it is now accepting cryptocurrency payments! This is the umpteenth major company to offer this service, like eBay and WeWork before it. So let's take a look back at the launch of this project and what's at stake.
Hive Micro and crypto
Its partner, CoinPayments
This project decision and its application in today's market have been made possible by CoinPayments. CoinPayments is a cryptocurrency payment company whose plugin has been integrated into Hive Micro. It is thanks to this partner that Hive Micro is enabling such innovation in its business. Launched in 2013, CoinPayments is at the heart of nearly $10 billion in transaction processing in 2,000 different locations around the world.
Highly sought-after currencies on offer
Hive Micro is offering you three currencies that you can now use to pay. These cryptocurrencies are : Ethereum (ETH), Litecoin (LTC) and Bitcoin (BTC). This was announced yesterday, 26 May, in a press release from Macro Hive. Macro Hive is a financial research company attached to Hive Micro, which is based in London. The cryptocurrencies accepted are those that are the most popular, used and therefore in demand on today's market. Founded in 2019, Macro Hive also offers retail investors a site on which they can conduct research. It is therefore an opportunity to educate yourself and get a better grasp of this whole world of cryptocurrencies.
The more companies publicise the use of cryptocurrencies for their services to customers, the more they will find a place for them in fast-moving commerce. In particular, this avoids the various problems that some currencies encounter. These include being used only for investment and storage purposes by their many customers.
The project players
The decision to set up this payment project was taken and implemented by the company's CEO. Bilal Hafeez, having received a great deal of demand from his customers, came up with this project to further expand his company's activities. This decision will enable Hive Micro to develop its technological sector. It will also enable the company to position itself as a formidable competitor in this sector. On this subject, the company's CEO also commented that: "the possibility of paying with more efficient and secure means of exchange."
Another major player involved here is the CEO of MicroPayments, Jason Butcher. MicroPayments is the name given to the extension of CoinPayments. Its name says it all, with the company encouraging customers to prioritise small purchases using cryptocurrencies. What's more, their hope is that in the near future, these crypto payment methods will be adopted by a larger proportion of businesses, and therefore customers. Jason Butcher says: "As more and more consumers ask to pay in bitcoin and other crypto-currencies, our aim is to enable more businesses to make a smooth transition to digital currencies. This is the path of least resistance to mass adoption."
Hive Micro and its activities
Micro Hive image
The company's activities can be summed up as providing a platform for customers around the world to facilitate business development. These numerous start-ups call on the platform's members to solve short and generally simple assignments. These Hive Micro members are paid as they wish, via Paypal in fiat currency or now in crypto. The interface can be accessed from anywhere on IOS or Android.
There are 4 steps to completing these tasks and receiving payment on this platform. The first is to register by opening an account, which can also be done using your Facebook account. The second step is to find the jobs that suit your wishes and skills. These assignments are many and varied, and can be easily consulted directly on the platform. Once the task has been completed, you will receive your payment within a few days. Your payment will be in Bitcoin, Litecoin or another currency of your choice.
There are many people involved in these tasks, with a wide range of profiles. On its website, Hive Micro states that they are: "numerous teams from small start-ups, universities, and larger companies come to us to solve important problems, such as banning hate speech, making videos searchable or creating autonomous vehicles." The tasks can be: drawing an outline around an object, classifying the scene of an image, transcribing audio into text, tracking the same object in several photograms of video… The tasks themselves can come from completely different fields.
The Hive Work application
Hive Micro also has an application to diversify the uses of its platform. The company has created its own application to reach customers who are more accustomed to its formats. It is called Hive Work. It works in the same way as the website, but is still the most suitable solution for quick and efficient use.
How to use these currencies?
Cryptocurrencies are on the up and up, their future is very promising and many companies such as Hive Micro are taking the plunge. But you're probably wondering what they can be used for. Very simply, these crypto-currencies can be used as currency. Their values are not stable and are therefore constantly changing, which is why exchanging your crypto assets is one way of using them intelligently. Another very common use (and sometimes the only use for certain currencies) is investment.
As mentioned, their prices are highly variable, so make the most of major price rises and falls to stockpile and invest in the sectors that interest you. Investing is easy these days, thanks to a large number of secure platforms. Starting with a small sum gives you the opportunity to invest for the long term. And don't forget that cryptocurrencies can be useful for everyday purchases and sales! Certainly, some blockchains and cryptocurrencies are not yet 100% suitable for these types of use. This applies in particular to Bitcoin. But there are nearly a hundred other cryptocurrencies that will meet your needs!
