Infrastructure is boring, but money transfer is exciting
No one thinks about roads, bridges, trains and planes as vital to their existence, but they are because the movement of people, goods and services is vital to our existence.
You have to realize that the food in your fridge and your cupboards got their via infrastructure that someone had to build and someone has to maintain.
Money transfer infrastructure is no different. It is vital to your well being that you be able to move money around, to pay your bills and buy food, pay for shelter, clothing etc...
Here on Hive we are dependent on Centralized Exchanges to move money in and out of Hive. Those who make significant amounts are therefore dependent on these centralized rails to change their Hive into a cryptocurrency token which can then be converted to their countries fiat.
Lately our choices have become less and less, and we have all felt the noose slowly tightening around our neck.
But someone has been trying to do something about this with various projects connecting Hive to Ethereum, Hive to Binance Smart Chain and Hive to Polygon. These projects gave all of us choices for how to get our money off Hive and into our bank accounts, and for that we should all be grateful. However these routes have closed one by one for various reasons, and we were getting that noose around our neck feeling again.
But we can smile again because someone has once again connected us to another ecosystem which allows us to trade hive for L1 chain tokens like Bitcoin, Ethereum and widespread use stablecoins like USDT and USDC.
The newly announced ability of Hivers to trade Hive for Bitcoin, Ethereum, USDT and USDC is a Godsend for Hivers to move money off chain and use it for survival needs or investment.
This is because someone is investing time, energy and money in infrastructure called MONEY RAILS.
New Role for LEO as a Money Rail
Yes the popular token founded by @khaleelkazi six? years ago on Steemit, which migrated to Hive after the Fork and contentious battle with Justin Sun has been used many times to connect HIve to other popular blockchains and provide Hive with money rails. But this time it is different. This time we are not being connected to another decentralized finance run by Leofinance for the Hive Community. This time the Leo token is being used as a utility token to connect Hive to a huge multi Billion Dollar decentralized finance project Thorchain-Maya Project. This time it's not a small sub-community, from a smalll community trying to make it big in a huge ocean of similar projects. This time it is payment rails connecting Hive to a much bigger ecosystem just for value transfer, and value transfer doesn't need bull markets to survive. It's like the road you drive on to work, it is just something you use everyday to go places. And that is why it is so exciting. It's not just something the sub-community Leofinance can use or should use. It is something the entire Hive Community can use, including the huge Splinterlands community.
Why?
Because it connects us to a DEX, a no KYC DEX, which has already earned the trust and business from thousands of customers, doing millions of dollars of business daily.
And for Hive it is a life saving alternative to the shrinking number of choices in the centralized exchange group where we can send Hive and HBD.
So if you care about the future of Hive and the freedom to move money on and off the platform, you should check out www.leodex.io and see what freedom looks like.
@khaleelkazi six? years ago on Steemit, which migrated to Hive after the Fork and contentious battle with Justin Sun has been used many times to connect HIve to other popular blockchains and provide Hive with money rails. But this time it is different. This time we are not being connected to another decentralized finance run by Leofinance for the Hive Community. This time the Leo token is being used as a utility token to connect Hive to a huge multi Billion Dollar decentralized finance project Thorchain-Maya Project. This time it's not a small sub-community, from a smalll community trying to make it big in a huge ocean of similar projects. This time it is payment rails connecting Hive to a much bigger ecosystem just for value transfer, and value transfer doesn't need bull markets to survive. It's like the road you drive on to work, it is just something you use everyday to go places. And that is why it is so exciting. It's not just something the sub-community Leofinance can use or should use. It is something the entire Hive Community can use, including the huge Splinterlands community.
@shortsegments