potential markets for HydroPay and HydroX. ideas from community member.
potential markets for HydroPay and HydroX. ideas from community member.

By Snow Under Sun | SnowUnderSun | 5 Jul 2019

$0.51 tipped


Hydro products from HydroLabs have great potential to grow in many different sectors - countries. Here is my some ideas which I previously posted in twitter and telegram.

Country based profiles :

 

1 - Myanmar

Myanmar ( Burma ) has few POS and rare usage because high commissions charged by banks to merchants.

Areas of low penetration banking can be good choice for rapid progress ?

As in 2017 figures, %90 of Myanmar population don't have bank account and just 7000 POS in the country.

In Deloitte research, %52 of people say "not easy to use" of ATM cards & pos because of no link between different banks. On merchant side, cost of POS is 250$ is too high for them due to the low income in usd basis. %80 of people have smartphones. High smartphone usage and very few conventional point of sales.

Less regulation and government opened up local payments market to international payment companies.

 

2 - Philippines

Millions of Filipina/Filipino ( Philippines people ) work abroad and they send salaries to families every month. They pay 16 to 25 usd transfer fee for 600 usd remittance to Western Union, BDO, Cebuano, etc. HydroX can provide much better option to them. Is it huge market ? Yes it is. Roughly %10 of Philippines GDP come from OFW ( overseas filipino worker ) and Phils people who lives & work abroad. Philippines get remittance 28 billion usd per year according to the World Bank data.

%77 of Filipinos are unbanked. main reason is minimum required amount to open bank account. Non-bank payment and money transmitter companies are more popular. Hydro can make partnership with one of them.

coins.ph can be good option. easy to deposit from seven eleven markets ( 2000 7-11 in Philippines ). remittance , electric - water bill payments, mobile phone top-ups. coin exchange. easy to withdraw via phone number from atm without card or account.

some others such as Abra and Palawan Pawn shop chain ( which has 2600 stores in Philippines ) can be alternatives.

 

Sector based profiles :

 

1 - Dating websites/apps

People all around the world pay money to dating sites/apps. Volume for premium membership will be 3.2 billion USD in 2020.

we all know that some people dont want that others know he plays in dating site. Raindrop can provide better privacy. Payments for premium membership can be seen in credit cards monthly document. HydroPay eliminates this risk. If matched girlfriend is overseas, easy to support her via HydroX. Also AI learning in Mist phase can be helpful tool for detect fake profiles or scammers.

 

2- Cash on delivery.

we all order some stuff for courrier deliver. Sometimes forgot to keep enough cash for pay on delivery. If country has no mobile POS, HydroPay can be good solution for "HydroPay on delivery". that is really huge market.

 

3 - Donations - Fundraising

HydroPay can be use for micro donate a social project or student fundraising programs. they have troubles about getting donates. they can be willing to use HydroPay for get donates or fundraising.

 

this is just a short list. Hydro products able reach many sectors, low banking countries. As a community member, I invite all community members for their ideas about Hydro.

Innovate or Die.


Snow Under Sun
Snow Under Sun

A westerner in Thailand. Previously,13 years Sales Executive in a Forbes 500 company and 6 years HR executive in a multinational company. Crypto trader since 2015.


SnowUnderSun
SnowUnderSun

A westerner in Thailand. Crypto trader since 2015. Previously Sales Executive in a forbes 500 company.

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