Hive Project collaborates with Latin American Gosocket to make Hive Project the first truly global blockchain-based invoice financing solution.
Hive Project represents itself a platform providing users with fast, low-cost financial liquidity. Leveraging blockchain technology, the Hive Terminal opens up new sources of liquidity by automating processes, eliminating invoice duplication, and cutting costs. An innovative system grants every invoice issued its own unique fingerprint, thereby allowing merchants to automate the invoicing process and taking blockchain technology further into the mainstream.
With the global invoice financing market estimated at over EUR 3 trillion in annual volume in 2018, there is a lot to play for. CoinAgenda Global named Hive Project (HVN) the best token sale of 2017.
Hive Project claims that when the new joint platform is launched (Q3), it will provide invoice financing to over 1 million active Gosocket users. In addition, with roughly half a billion invoices ready to be financed throughout Latin America, they have customers ready to buy HVN.
Chile-based Gosocket is a network which connects companies in Latin America through e-invoices. The free and user-friendly system is independent of the e-invoicing platform that issued the invoice.
The partnership between Hive Project and Gosocket means Hive Project will be one of the pioneer blockchain-based startups entering the mainstream global finance industry. The integration of the HVN token into Anticipos, Gosocket’s advance payment system, is big news for Hive Project.
As Ugur Yildirim, partner and CFO at Hive Project, commented to the recent partnership:
“Merging our revolutionary blockchain-based solution and the HVN token with Gosocket’s Anticipos will not only help catapult our business growth and development in key Latin American markets, but also give us the ability to use Gosocket’s technology in Europe. Apart from making a great business case in the global finance industry, this agreement will also create strong organic demand for our utility token (HVN) because all users will need it to access the invoices traded on the HVN-Anticipos Terminal.”
Mario Fernández, the Gosocket CEO, said the following:
“After 15 years delivering e-invoicing solutions and with commercial operations in 12 countries throughout Latin America, as an open network based on the exchange of e-invoices between suppliers and buyers, Gosocket has been developing some disruptive concepts including proactive financial services for SMEs, and our partnership with Hive Project brings what we believe will be probably the next step in the digitalization of financial services… the usage of cryptocurrencies.”
The HVN_Anticipos Terminal will soon be available in Mexico, Guatemala, Costa Rica, Colombia, Ecuador, Peru, Chile, Uruguay, Argentina and Brazil. The two partners hope it will revolutionize the way small businesses finance their working capital and make Hive Project the first truly global blockchain-based invoice financing solution, thus popularizing the HVN token.