Have you started using blockchain and cryptocurrencies? If you haven’t, know you are steps behind, and it is time to join hi and reap the long list of associated benefits. One of them is being able to send funds across the globe in real-time. 

If you are in Singapore and want to send funds to your friend anywhere on the globe, hi Dollars and other cryptos like Ethereum (ETH) and Bitcoin (BTC) allow you to complete the transaction in real time. There is no need to wait for days or weeks, the way it happens with bank transfers. 

This practical guide shines a spotlight on blockchain and cryptocurrencies to help you understand the additional benefits to expect. We will also demonstrate why you should use hi.com for buying cryptocurrencies and extend reach and use of blockchain technology. 

A Brief about hi.com

hi is the fast and secure method to earn, pay, save and receive money in real time on your phone. It is a not-for-profit financial organization built on the Ethereum blockchain.It was founded by Sean Rach, former Chief Marketing Officer of Crypto.com, and Stefan Rust, former CEO of Bitcoin.co. hi is a free financial and mobile payment financial service targeted at helping to revamp the banking sector.

Blockchain and Cryptocurrencies: How Do They Work?

Before exploring the benefits to expect from using blockchain and cryptocurrencies, let’s start by understanding what they are. For example, hi.com is built on Ethereum blockchain. So, what exactly is a blockchain, and how is it related to cryptocurrencies? 

A blockchain is a digital system of recording information so that it is very difficult, say impossible, to alter. It is a decentralized digital ledger that captures transactions and distributes them to all the computers in the network. When a transaction takes place on the network, the details are captured correctly and added to the next block. Then, these pieces of information are attached to the ledger in blocks, with the next one featuring codes that connect it to the former. Ultimately, it creates a sort of chain, hence the name blockchain.

Cryptocurrencies are the native currencies designed to work on respective blockchains. Unlike fiat currencies, crypto coins only reside in their respective blockchain networks. So, what you get when you buy crypto coins is a string of codes used to show ownership.

To store cryptocurrencies, you need to have the right crypto wallet. Ensure that the wallet is kept as securely as possible and NEVER reveal your crypto coins’ private keys. Anyone with the private keys of your coins can easily transfer them, and such transactions are irreversible. To increase the security of your coins, whether buying them for investment or regular trading, ensure to work with a trusted platform, such as hi.com.

How to Use Blockchain and Cryptocurrencies

Now that you know what cryptocurrencies and blockchain are, it is time to look at their applications. The lovely thing about cryptos is that unlike in the past, when many people were skeptical about cryptos, they are now acceptable in a wide range of industries, from e-commerce stores to hospitality. 

So, here are specific uses and benefits of using blockchain and cryptos:

●    Use Crypto Staking to Grow Your Income

Many people buy cryptocurrencies and use them as a store of value. We can liken this to saving money in a bank, but now you are using digital coins. Instead of letting your coins sit in the crypto wallet, you can stake them to earn some returns. So, here is how it works.

You acquire some crypto coins from hi.com based on a blockchain network that uses proof of stake (POS) protocol. Good examples are ETH (it is shifting to POS), hi Dollars and Cardano (ADA). At hi.com, there are more than 100 cryptocurrencies to select from. Then, you join an appropriate decentralized finance (DeFi) platform that pools your coins with others to help with confirming transactions, securing networks and governance. In return, you will be rewarded with part of the fees charged on transactions that take place on the network. Some blockchains might even reward stakers with new crypto coins.

Remember that since the coins are still yours when using hi.com platform, you get to enjoy any gains achieved in value over time. See, you get the revenue generated through staking and can still enjoy growth of your coins.

●    Create, Buy, or Trade Non-Fungible Tokens

In March 2021, Jack Dorsey’s first tweet on Twitter was sold as a non-fungible token (NFT) for US$2.9 million to a Malaysian-based businessman. A non-fungible token (NFTs) is a blockchain-based, non-interchangeable, and non-fungible unit of data stored on a public ledger. Therefore, it can represent anything, from a wall painting to audio recordings. If you have something of high value and want to raise money, why not convert it into a non-fungible token and sell it? Remember that you will need the coins bought on hi.com to sell your tokens on the marketplace. hi.com will also come in handy to help you convert the cryptos from selling NFTs to other crypto coins or fiat cash.

Another way of raising money through non-fungible tokens is by trading them in online marketplaces. This means that you do not buy the actual NFTs, but trade on their value changes. Trading NFTs works the same way trading commodities works on the exchanges. However, you can only buy and trade NFTs using cryptocurrencies.

●    Use Crypto Coins to Make Direct Payments

As shown earlier, cryptocurrencies are now accepted by more companies, organizations, and businesses, and you can buy and use them to pay for various products and services through hi.com. For example, Starbucks and Travala.com accept payment with the leading cryptocurrencies. Here are some advantages of making payments for products and services in cryptos:

1. Transactions are processed pretty fast (within seconds or, at most, a few minutes).
2. The transaction charges are lower compared to what you would pay when using bank transfers.
3. With hi.com you can easily use crypto coins to make payments to your friends and family who are not on hi.com. The money is sent directly to their phones or accounts.
4. Transactions are private because no third parties, such as banks or credit card companies, are involved.

These are only a few areas where you can apply blockchain and cryptocurrencies today. The list can be way longer when using advanced platforms like hi.com, including crypto trading and paying for government services. Indeed, you can expect additional uses to unfold soon as more governments, companies, and people accept the new technology. 

Special Benefits of Using Blockchain and Cryptos 

The main benefit of using hi.com, blockchain and cryptocurrencies is that the world is fast moving towards their adoption. As more stakeholders join their application, you too should have your place, and  hi.com will make that pretty straightforward. Simply visit hi.com and create a hi account to enjoy the following blockchain and crypto-related benefits:

• Blockchain technology and cryptocurrencies bought through hi.com allow you to operate globally without administrative restrictions. 
• You can buy a wide range of products and services and pay with cryptocurrencies. 
• You get the opportunity to grow the value of your investment rapidly. For example, buying Ethereum now via hi.Com can give you impressive returns in the future because the cryptocurrency is shifting to the highly valued proof of stake (PoS) consensus protocol. 
• Your money is free from censorship because there is no one who can access or limit you. Not even a court order or your government can  seize your crypto assets. 
• Cryptocurrencies allow you to participate in the respective blockchain network governance. For example, hi.Com can help you to acquire cryptos and start staking or mining to generate a lot of returns. You will also be called in to vote on important decisions about the network.

hi.com: Your Home to All Crypto Needs

hi.com is dedicated to helping people access and use financial services without the limitations that are mainly imposed by traditional banking systems. Through decentralized blockchain networks, hi.com agrees with Bill Gates’s famous quote that “banking services are necessary, but banks are not.” 

hi.com allows you to join its membership via chat platforms, including Facebook, WhatsApp, Telegram, and Line. As a new member, you will also receive free hi dollars. You will also get 50% of the rewards that all the referrals you introduce to hi.com get. So, what exactly can you do at hi.com? Here are some of the main activities: 

• You can freely convert fiat to fiat and crypto to crypto and fiat to crypto at the market rates with no markup whatsoever.
• Hold more than 100 currencies, both in fiat and cryptos, with no fees or minimum balances. 
• Earn interest on money deposited on hi.com. The interest is higher than what most traditional banks offer.
• Earn rewards by simply signing up and referring friends to hi.com.
• Send money through chat platforms instantly and free. 
• Buy cryptos of choice. 
• You can spend money in your hi account using a virtual debit card.

As you prepare to use blockchain and cryptos, it is vital to appreciate that it can be a risky undertaking, and the danger of losing your coins always looms. The best way to do it right and enjoy all the benefits of blockchain and cryptos we listed above is to work with professionals. Visit hi.com to create an  account and get all the help that you need about blockchain technology and cryptos.