Hello Hiveans!
The Innopay team is here for an open AMA. Drop your questions in the comments and we'll answer every one.
Innopay is a local payment system for restaurants and small merchants, live in Luxembourg and Romania. We are built on Hive; HBD is the backbone of our payment and treasury infrastructure. Merchants pay zero transaction fees.
Card processors charge 1.5-3% per transaction. On a 4-5% restaurant margin, that costs a restaurant doing €50,000 in monthly card revenue between €750 and €1,500 a month. Innopay removes that cost entirely by settling payments on-chain through HBD.
Customers load a stored-value wallet and order or pay via QR code at the table or counter. Merchants get instant settlement. No card network, no intermediary, no fee extraction.
Payments settle using HBD on the Hive blockchain. For end users it is a QR code and a quick order. No seed phrases, no wallet setup, no crypto literacy required. The on-chain layer runs underneath, invisible to the customer but doing all the work.
The on-chain layer runs underneath, invisible to the customer but doing all the work.
That being said, if paying at a restaurant sparks curiosity about what is running underneath, Hive is worth exploring. It is a fast, decentralized blockchain with a thriving ecosystem of dApps, content platforms, and real-world projects and a warm community. OffChain Luxembourg exists partly for this reason: to guide curious people from their first QR code payment all the way into the Hive ecosystem if they want to go further.
Merchants get a dashboard with transaction history and reporting tools. Customers earn cashback on wallet spending.
Customer wallet balances are placed in HBD savings, currently earning around 15% APR on-chain. Customers receive a share of that yield (~2.25%). Innopay earns the spread (~12.75%).
No transaction fees. Revenue comes from the Hive blockchain savings rate, not from taxing every sale. The model works because Hive makes it sustainable.
We are live in two markets: Luxembourg and Romania.
Luxembourg has around 2,900 Horeca businesses, high purchasing power, and mobile wallet adoption above the EU average.
Romania is our second active market, where we are onboarding local merchants and building out the OffChain community.
Innopay is a project of OffChain Luxembourg, a nonprofit and active part of the Hive ecosystem promoting real-world blockchain adoption in Europe. OffChain handles community building, education, and merchant onboarding. Innopay runs the payment infrastructure.
We are live in two markets: Luxembourg and Romania.
Luxembourg has around 2,900 Horeca businesses, high purchasing power, and mobile wallet adoption above the EU average. Food service revenue grows from €2.27B (2023) to a projected €2.86B by 2028.
Romania is our second active market, where we are onboarding local merchants and building out the OffChain community.
The roadmap: deepen adoption in Luxembourg and Romania, then extend the model to other European cities.
We get questions about all of these, but anything goes:
Drop your question below. We'll answer in the comments.
If this post is useful to you, an upvote or reblog helps more people in the Hive community find us. We are building real-world adoption for HBD. Every merchant we onboard is one more place where Hive touches the physical economy.
