Animoca Brands will invest in fintech startup Hi, which provides a neo-banking app combining crypto exchange, digital banking, and customizable NFT debit cards. The collaboration aims to expand utility for web3 assets.
Merging Crypto Functionality with Digital Banking
As part of expanding its ecosystem, Animoca Brands’ investment arm plans to back fintech startup Hi. Hi offers a multifunctional app blending cryptocurrency trading, digital banking services, and personalized NFT debit cards.
A core goal of the partnership is boosting real-world utility for the array of web3 tokens and NFTs within Animoca’s umbrella. Hi’s financial ecosystem features web3-integrated applications and operates as an Ethereum-compatible sidechain.
Flaunting NFT Art Through Debit Card Payments
A unique aspect of Hi is its global debit card service allowing users to spend fiat or crypto at 90 million+ merchants through Mastercard. For NFT aficionados, the ability to showcase owned artwork on custom debit cards holds strong appeal.
As an established backer of web3 and NFT ventures, Animoca’s investment validates the burgeoning platform. While definitive agreements are still pending, the collaboration signals meaningful alignment on leveraging web3 innovation in fintech.
Strengthening Regulatory Compliance Across Markets
Hi has taken proactive steps to ensure regulatory approval in key markets, obtaining licenses in Lithuania and Italy. It is also pursuing registration in Hong Kong to cement its presence in Asia.
Robust compliance helps legitimize Hi’s ambitions of bridging decentralized finance with traditional banking. Aligning with applicable regulations will allow the platform to scale its vision responsibly.
Unlocking the World of Web3 Commerce
Hi’s novel mashup of crypto functionality, digital banking, and NFT art debit cards provides an engaging package for web3 enthusiasts. Key benefits include:
-Seamless on-ramping to crypto trading and decentralized apps
-Useful everyday banking features tailored for digital asset usage
-Novel way to flaunt NFTs in real-world social settings
-Payments flexibility by linking crypto wallets to global debit card
As crypto permeates cultural and financial realms, Hi aims to be the go-to nexus enabling web3 commerce in daily life.
Final Thoughts
By investing in Hi, Animoca Brands backs an innovative fintech bringing real-world utility to web3 assets through integrated crypto exchange, banking, and NFT debit cards.
The collaboration exemplifies the expanding symbiosis between decentralized and mainstream finance. For cryptocurrency and NFT fans alike, Hi’s platform promises to unify digital asset ownership with functional, everyday use cases.
As blockchain technology progresses, expect more convergence between open finance and traditional systems. Hi represents an early model blending these realms through practical innovation.
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*All investment/financial opinions expressed by NFT News are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
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