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RE: Hive: Reducing Counterparty Risk

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Flynn Jameson
@mercadomaestro
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1 min read

I seriously doubt the majority of PayPal, CashApp, Zelle, and Venmo users know what counterparty risk is. People who regularly remit money back to their home country, from their country of employment, probably have a more nuanced understanding. With that being said,

Just imagine the potential $HBD could have for global remittances: Philippines, Thailand, Vietnam, Cambodia, Laos, Indonesia, Australia, Nigeria, South Africa, Brazil, Venezuela, Ecuador, Argentina, Mexico, and even Cuba, as we've seen. Ripple Labs has been trying to corner the digital remittances market for years now, and has not succeeded. $HBD could slide right in, remove the counterparty risk Ripple's $XRP has and enable instant and free transactions!

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