How Squeaks Media is Revolutionizing Blockchain Technology
Blockchain technology has been used in a variety of ways, but Hitesh (Neel) Patel wants to use it to launch a social platform for investors. This will revolutionize how people bank and invest. By Summer 2021, Neel plans on launching the world’s first blockchain-based social media and messenger.
Neel’s journey to the top of the technology industry began in India. He was born in the state of Gujarat in a small village called Akhaj, and after studying to be a pharmacist in Bangalore, he switched to computers, his true passion. Seeking a career in technology, he moved to Malaysia and then Singapore in 2009.
“My road to being a successful entrepreneur has been memorable, to say the least,” says Neel, remembering. “In Singapore, I had no money even to pay rent. I used to sleep on a beach. I got back on my feet and was able to buy 3,000 bitcoins by paying $1 for each without knowing the future of the coin. As we all know, however, it was a jackpot in 2017 – Bitcoin hit $19,000 each, and I sold mine so that I could start Investing in different businesses.”
Today, that investment has paid off. Neel owns his New Jersey firm NY WOLVES LLC as well as Squeaks Technology Services Pvt. Ltd., his technology company that is developing Squeaks Social Media and Messenger based on blockchain technology.
“With my investment firm, I teach many individuals how to do financial trading the right way and create a second source of income. This has created more stability for my clients, so I am very glad to have made such an impact on their lives, including their families,” Neel explains. “Financial trading done the right way can make anyone earn a good amount of money even if they are staying at home. For example, in a situation like COVID-19, when millions lost their job, if you were traders, you could have kept working for yourself at home by using your computer for trading. It’s this kind of self-sufficiency that I try to help my clients attain.”
Neel is very optimistic about the future of the technology he is creating. “The crypto-based social media and messenger service that I am developing will have its own coins and BTC and ETH wallets. I see huge potential for this because the future is for digital currency and digital transactions, which will cut all transaction costs and facilitate banking services to millions of unbanked customers. The technology behind crypto currency and blockchain will connect billions of people with the modern banking system just by using a mobile phone.” He has accurately predicted Bitcoin’s rise and fall since 2017.
Blockchain technology makes doing business easier across many industries and will innovate solutions to long-standing problems. “Blockchain technology development will rise in the near future, and its digital tokens will facilitate everything from banking to real estate to accounting. Blockchain peer-to-peer technology can also be used to cut huge server and storage costs for many applications and lower your dependency on a third-party cloud system. Blockchain can also be one of the most secure and privacy-protected technologies for the new generation, who are concerned about their online privacy,” Neel explains. Blockchain technology is an online ledger that keeps up with transactions securely and allows access and utilization of the information in a safer way.
Neel is incredibly grateful for how far he’s come from being homeless to helping people invest with high return, “I am proud of the company that I have created and of my employees who have helped to make it the success that it is today.” He has worked incredibly hard to get where he is and wants to help others and their families succeed.