So like... Wouldn't Hedera being responsible for cross border payments

Question

So like... Wouldn't Hedera being responsible for cross border payments

utilizing USDC cause for an insane amount of transactions that would boost the volume of HBAR to astronomical levels? Or will it be harder than that because the fees are low?

#cryptocurrency #english #hbar

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15.05.2022

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Chris Munro Автор вопроса

Crypto Consciousness
The dollar denominated low fees do present a probl...

ohhhhh my goodness thats what i like to hear

0

16.05.2022

Crypto Consciousness · Accepted Answer

The dollar denominated low fees do present a problem in the medium-term for crypto traders used to projects that are basically built to attract miners/validators and hodlers in the closed crypto economy. The fee structure will not have the short-term effects of fees denominated in native currency that go up when the (manipulated) token value goes up. Hedera fees are designed to attract massive enterprise uses like the Coupon Bureau and Avery Dennison's atma.io...but once attention is on Hedera for its massive uses creating permanent liquidity, then it will be in the interest of anyone holding hbar for its price to go up since they will be able to do more with it...eg...eventually, long-term, we will see decentralizated cloud computing running on top of Hedera using trillions of transactions per day. At that point hbar will function as a global currency....because liquidity is the hallmark of a global currency

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So like... Wouldn't Hedera being responsible for cross border payments

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