- Fintech company hi has hit one million members less than 100 days after its launch.
- The company’s digital wallet allows users to send payments via social messengers such as WhatsApp and Telegram.
- Integrating crypto with social media has become a growing trend in recent months.
Share this article
The not-for-profit fintech hi has reached the one million member milestone, less than 100 days since its launch.
One Million Users Get hi
The blockchain-based fintech company has welcomed its one-millionth member to its platform, developing a substantial user base less than 100 days after launching its private beta.
The company hit the milestone following the release of its crypto membership token, the hi Dollar (HI). Since then, progress has been quick, with the HI token being listed for trading on Uniswap on Aug. 8. The company has achieved rapid user growth without the help of the usual advertising routes, instead choosing to spotlight the unique aspects of its service.
In less than 100 days 🥳 #Lets_Get_hi_Together pic.twitter.com/FwKRc2jBMi
— hi (@hi_com_official) August 15, 2021
So far, the company has released its first product, a digital wallet powered by the HI token. The wallet integrates seamlessly with WhatsApp, Telegram, and the company’s web app (web.hi.com), allowing users to send payments over social messengers. The company plans to release support for additional messenger services in the future, including LINE and Facebook Messenger.
Speaking on the one million member milestone, Sean Rach, Co-founder of hi, commented:
“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.”
The key focus of hi is to maximize value for its members instead of corporate profits. As part of this initiative, the platform offers hi Dollar rewards to users for completing simple daily tasks and inviting friends to the platform, along with additional lifestyle and digital benefits determined with community input.
Hi’s rapid growth comes as social media integration has become a growing focus in the crypto space. Twitter CEO Jack Dorsey recently stated that it’s “only a matter of time” before Twitter integrates Bitcoin’s Lightning Network, allowing users to send payments and tips without costly currency conversions. More broadly, Ethereum co-founder Vitalik Buterin has also expressed interest in using blockchain technology to create decentralized social media platforms while speaking at the Ethereum Community Conference last month.
Disclaimer: At the time of writing this feature, the author owned BTC and ETH.
Jack Dorsey Hints Twitter May Integrate Bitcoin Lightning Network
Twitter could support Bitcoin’s Lightning Network sometime in the future, Jack Dorsey Says. Twitter Founder Hints at Bitcoin Integration It’s “only a matter of time” before Twitter integrates Bitcoin’s Lightning…
Cardano Wants to Help Twitter Decentralize Social Media
Charles Hoskinson, head of IOHK and Cardano, has expressed interest in helping Twitter build a decentralized social media standard. Twitter CEO Reaffirms Bluesky Standard Twitter is currently in the process…
Ethereum “Has to Expand” Beyond DeFi: Vitalik Buterin
Ethereum’s creator Vitalik Buterin wants to see the network find use cases beyond DeFi. Buterin Discusses Social Media on Ethereum Vitalik Buterin has expressed his interest in seeing Ethereum become…
Efficient Market Hypothesis: Does Crypto Follow?
The Efficient Market Hypothesis (EMH) is a concept in financial economics which states that security prices reflect all the available information about a financial instrument. EMH is one of the…