fbpx

‘hi’ introduces personal IBANS, sets sights on fiat/crypto banking market share

hi, the next-gen fiat/crypto mobile banking platform, today introduces personal International Bank Account Numbers (IBANs) for Euro and Pound Sterling deposits and withdrawals, turning hi into a seamless digital banking platform for both fiat and crypto.

Starting this week, eligible hi account holders will be able to activate a personal IBAN – an internationally accepted numbering system that identifies individual bank accounts worldwide. This will provide them with the ability to seamlessly fund their hi account with EUR or GBP, as well as to send and receive money to and from other people’s bank accounts through SEPA and FPS, the world’s fastest, most secure payments systems.

Initially, the personal  IBAN service may be activated via the app by hi members from the UK and EEA countries at no cost, as well as those with Gold membership tier or above outside of the UK and EEA.

Uber-convenient fiat on-and-off-ramps

“In rapid time, our proposition for trading, saving and spending crypto and fiat via one financial super app is market-leading,” says Sean Rach, Co-founder of hi. “Users looking for the most frictionless exchange experience, as well as uber-convenient on-and-off-ramps for fiat currencies, need look no further.”

This latest announcement from hi, who have 3+ million members just a year since launching, comes weeks after the news of a global debit card and card rewards program, as well as deposit support for 4 fiat currencies, (GBP, EUR, HKD, USD).

Hundreds of thousands of European members

“Only time will tell how quickly the market can bounce back,” says Mr. Rach. “But we expect rapid uptake of our IBAN offering, not least in countries like Italy and France where we already have 350,000+ and 130,000 members respectively. We are confident of taking a significant portion of the market as users look for better experiences than our competitors – who continue to nickel-and-dime on fees.”

Feature-rich financial super app

The hi app, which has been downloaded by 2+ million people globally, includes the following functionality:

 

  • Buy and sell cryptocurrencies
  • Earn on savings with up to 40% APY
  • IBAN accounts for all EEA, UK and Gold tier members and above 
  • Debit Cards, with up to 10% card spend rewards
  • Benefits program, with free choice between +100 lifestyle subscriptions
  • Fiat on-ramps for US Dollar (USD), Euro (EUR), British Pound (GBP) and Hong Kong Dollar (HKD)

About hi

hi is leveraging blockchain technology to build the world’s most user-friendly and functional crypto & fiat app. The app combines the functionality of a crypto exchange with a next-generation digital banking platform, providing members with an all-in-one service for savings, investments, payments, and lifestyle benefits. 3.3 million people from 190+ markets have signed up for hi and the hi App has been downloaded over 2 million times. hi’s Co-founder is Sean Rach, former CMO of Crypto.com. Engage with us on Telegram, Twitter, Instagram, LinkedIn, or our website – hi.com.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

Rate This Article
In order to improve, we give you the opportunity to rate DailyCoin content
Author

Read the most recent crypto press releases on DailyCoin to know all the latest project news from fintech and blockchain businesses. Disclaimer: This article is a press release and was not written by DailyCoin. We always aim to have the highest editorial and fact-checking standards, so if you encounter any content related issues, please contact us at [email protected]