Community-Powered Fintech Platform Experiences Rapid Growth
Owing to its scalable and inclusive technologies to maximize human potential, hi, the not-for-profit fintech platform, has reached a significant milestone, welcoming its one-millionth user in under 100 days of launching its private beta. The platform has expanded swiftly following the beta version launch, the rollout of the hi Dollar (HI) token, and its listing on Uniswap. As of now, hi’s global membership comprises users across more than 150 countries.
Operated by the hi Foundation, a Singapore-based not-for-profit organization, hi is a platform that leverages blockchain technology to build community-powered financial services. It has cemented itself as a futuristic fintech initiative that bridges the gap between traditional fiat-based finance and cryptocurrencies. The team draws on prior experience gathered from leading crypto, tech, and financial services organizations, including Alibaba, Bitcoin.com, Crypto.com, GLG, JP Morgan, Morgan Stanley, and Tencent.
hi Co-founder Sean Rach highlighted his delight at reaching this milestone, noting, “A million members in less than 100 days is astonishing. We are blown away and humbled by the overwhelming support from our community. We are now one of the fastest-growing blockchain communities in the world – and this is just the beginning. We are building out an ecosystem of banking and internet services to benefit our members and look forward to welcoming tens of millions of new members in the coming months.”
Maximizing Membership Value Instead Of Profit-Seeking
Unlike most fintech startups, hi focuses on nurturing and maximizing membership value, not profits for investors. The platform has achieved the milestone of a million users without advertising, but by solely focusing on the unique features and offerings it supports.
Powered by the native HI token, the platform’s first product is a digital wallet that offers members an easy and seamless way to send and receive payments via social messengers, such as WhatsApp, Telegram, and the hi web app. One of the features that sets the platform aside from others is that the number of HI tokens minted directly correlates with the total number of registered members.
Another unique aspect of this not-for-profit platform is the daily rewards distributed among members. From earning HI tokens for answering questions to referral bonuses alongside other lifestyle and digital benefits, hi is on a mission to empower its global community.
Sean Rach adds, “We have seen the concept of member-powered financial services in various forms from credit unions, community banks, to mutual aid societies, but we are bringing this into the digital age with community tools and blockchain technology which increase the reach of such organizations. We seek to address what we see as the fundamental flaw and problem with the current system – the quest to maximize profits at the expense of customers.”
With funding from some significant investment firms such as Longling Capital, Hashed, and HashKey, hi seeks to provide its global community with clear and safe markets, free exchange, and payment services without adding any fees or markups for both fiat and cryptocurrencies.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
