Seeds of a HBD Economy

Have you noticed a trend lately? Posts like this?

You will sometimes see it on the Hive trending page, but if you explore the Hive Sucre Community, you will find lots of posts of users for the first time making purchases of groceries, lunch, make-up etc. using HBD.

Using the data provided by Hive account@jonsnow1983 here, I've created a list of merchant accounts so that I can track the activity of the onboarded merchants in Sucre, Venezuela. This post is to share some of those stats.

Incidentally the capitol of Sucre, Cumaná is the place in the world with the highest penetration rate of active Hive users, so it makes sense that any trend of merchant acceptance would start there.

Charts

The following charts are based on transfers to a list of Hive Sucre merchants, as mentioned above. They begin in 2023, because that is when this merchant onboarding project began.

Active Merchants per Month

Active Merchants.PNG

Active Customers per Month

Active Customers.PNG

Number of Purchases

Total HBD Value Transferred

HBD Value.PNG

Conclusion

As you can see, it's small scale and early days, but it is growing quite quickly even if at a small scale.

I would be curious to know which if any other cryptos are achieving anything similar, that is measurable.

The Rising use of HBD In Sucre, Venezuela