This Hive service development and financial expansion proposal is being made in partnership with and on behalf of Zypto (@zypto) by @crimsonclad.
Zypto is your all-in-one crypto wallet app and crypto payment gateway – built for life, business, and everything in between.
We’re so pleased to introduce you to their team and services on the @zypto account! I've been working with the Zypto crew over the past few weeks to help them understand the great fit between their products and goals and Hive's incredible users and ideological foundation. This is an integration that creates an awesome match between a mix of super useful services and a passionate community looking for as many options to use their permissionless digital funds and rights as possible. Please get to know the Zypto crew (leave them comments or feel free to ask questions here on the proposal), give them a follow on @zypto as we work together to build out a social community here on the chain, and then continue onward to review this upcoming proposal for details on integration work to bring HIVE and HBD to Zypto’s full service suite of financial and crypto tools.
E: We'll hold a short recorded AMA session on Friday June 27th in the Hive Discord Server
🟩 Principals
● Organization: Zypto ● Official Hive Accounts: @zypto @zyptopay @zyptoapp ● Zypto Co-Founders: Joe Parkin & Zyptologist ● Funding Recipient Account/App Integration: @zyptoapp ● Communications Account: @zypto
🟩 Integration Proposal Overview
To continue expanding Hive’s reach in the global payment arena, the financial options that are opened up by integration with Zypto are a huge step forward in creating more avenues for Hive users to both accumulate and use their assets in new ways. Direct fund management for buying, selling and swapping; a range of both virtual and physical prepaid crypto cards in reloadable and non-reloadable options, each with different KYC requirements; direct bill payment in 10 countries, including recurring options; and continued Hive expansion for upcoming Zypto products in the future. With the implementation of Hive, Zypto will work to build a decentralized custodial system so that HIVE and HBD can be accepted as a payment method across the entire Zypto product suite including Reloadable Cards, Prepaid Cards, Bill Payments, and much more.
This proposal will cover full $HIVE and $HBD integrations to the Zypto Crypto Wallet App, Zypto Payment Gateway, and Zypto Card and Product Markets. As Zypto expands their offerings, the Hive ecosystem will grow alongside them. We’ll be exploring more social and technical integrations as well as co-marketing activations across various social media.
An extended note from Zypto
Hey Hive community!
First off, it’s been great to see the buzz of interest around Zypto’s grant proposal, as well as the overall healthy, constructive discussion going on. That’s what defi is all about and we love to see it! Communities working together to find a consensus is the essence of what blockchain and Freedom Money is all about.
We can’t wait to integrate Hive into every corner of the Zypto ecosystem and for us to get to know each other much better.
Also, an apology for not having been able to keep on top of all of the comments and questions. On one hand, there’s a bit of a learning curve we’re going through to keep track here on top of all the many many platforms we’re already active on. On the other hand, we’re 24/7/365 BUIDLing, of course!
As there appears to have been some confusion regarding fees for some of our products, below is a breakdown of the current fees for each product. – and where Hive‑exclusive perks could slot in.
Going back to the learning curve issue, the idea was to put all this in here, but it includes tables, which we haven't figure out just yet, so here's a link to a Google Doc:
🟩 Budget & Roadmap Overview
Rough roadmapping is approximately 6 weeks, subject to change as building and testing are completed, with two engineers assigned to the integration. The proposal payout period is set to span the course of 4 weeks, with funding to begin starting on June 23rd, 2025 if passed.
- Creating the backend infrastructure required to connect to the necessary RPCs to receive blockchain data for app usage.
- Implementing the necessary functionality on the frontend side to interact with the blockchain which will include the preliminary features:
- Send
- Receive
- Swap
- Buy (Selling potentially possible before or after integration completion, based on partner provider activity)
- Build out a custodial service on the Zypto merchant side to allow for the usage of $HIVE / $HBD to: purchase and load Zypto VISA Card, pay bills, purchase prepaid cards, purchase vault key cards, and more products down the line
- Internal QA, Internal Acceptance, External Beta Testing Go-Live & Marketing
🟩 Total Budget Requested: $20,000 HBD
Some answers that have come up to common questions on the proposal:
On self custody, in relation to concerns new wallets would need to be created for service "Zypto App is a defi wallet and payments app. The only somewhat centralised part is for us to accept payments for our prepaid payment products (cards, gift cards, bill payments...). So, basically, users' funds remain their own on-chain until they choose to send them to us in exchange for a way to pay for stuff"
On the older whitelabel (custom boutique card product for in-house crypto companies) fee graphic "That's not the cards that are in the app. It's one that we have as part of our white label offering for other companies to use and it's also quite popular with let's say "big hitters" in the crypto space. The ones in the app have different pricing."
On card fees in general "The fees on the cards in the app are 3.5%. That's it.
It seems the wrong card program is getting shared.
In any case, it's important to remember that this Zypto is not just 1 card program. It's a next-gen defi wallet + an ever-growing suite of payment options."
On funding "The funds will pay for developers that are being taken from other projects to prioritise Hive as well as subsequent maintenance, marketing and activation activities. We don't just want Hive users making use of Zypto, we want other Zypto users - past and present - getting to know Hive."
Funds will cover scoping and work to add Hive’s unique L1 to Zypto’s crypto services, with a portion of the funds being powered up to Zypto’s exchange accounts to allow for unlimited transaction coverage as well as social rewarding power. The budget requested not only includes the integration of HIVE/HBD, but also includes the required funding to upkeep the integration moving forward. After the funding is complete, Zypto will take on the financial burden of keeping the Hive integration functional.
Transparency updates at completion of each stage of the roadmap will be posted to the @zypto account as the disbursement period continues.
