Do you need to create some kind of legal entity to be able to contract with the card suppliers and/or interact with other systems?
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Do you need to create some kind of legal entity to be able to contract with the card suppliers and/or interact with other systems?
We will have to see. As far as it currently goes, we dont need to. But if we are going to receive payments in Fiat, we will need to. That is not mission critical however, as the most important functionality is that anyone can source their own NFC card locally, add their own design to it and tap their phone to import the functionality to their card. This main function does not require a company and it gives anyone who can source an NFC card access to this tech, permissionlessly
Ok, so you can just order the cards in bulk as an individual? Or would each individual hive user order their own from a supplier using a template you provide the supplier?
Its open. You will be able to order from HiveDebit or from your local NFC card provider. If you order from your local NFC card provider you will tap to program the card locally.
You can order in bulk or individually. its all up to you. They can order their own or use a template we provide. its all open. Thats the whole point
OK, I've just never heard of someone ordering their own NFC card, so wasn't sure how that works.
If the proposal gets funded, we will outline it. The reason this is happening is because on Hive you can get funding to get paid for work, so there is no need to close source the cards and make profit off them. the reason hive is so powerful is because a user can order their own card locally and tap to import the functionality. This makes it far more convenient and cheaper to get a card than having to order one from a closed source company