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Abram Jayce

Investment

Some head to head differences between cryptocurrency and bitcoin

The head-to-head differences between cryptocurrency and bitcoin can be explained with the help of a table:

Basis to make comparison Cryptocurrency Bitcoin
Chief intention Providing secure, safe, and low-cost transactions. Simplifying and augmenting the transaction speed but in the absence of any government restrictions.
Popularity There has been an escalation in the number of cryptocurrencies though their share happens to be lesser compared to Bitcoin. Bitcoin is considered the most well-known bitcoin.
Trade Lots of cryptocurrencies are utilized for trading. The use of bitcoin is confined to trading when you utilize it in the form of a currency.
Strategy The intention of cryptocurrency is the exchange of products and services in a highly secure and safe environment and there is very little or no interference from govt. or any middleman. Bitcoin aims to lessen the price of influencers. Again, it works for lessening the transaction time. However, bitcoin is less flexible.
Status Lots of cryptocurrencies that entered the market only recently tend to be transparent and so, they can work with various industries Bitcoin turns out to be anonymous and so, though people can view their transactions, they emerge as meaningless numbers. Again, they don’t remain in a specific sequence too.

If you are still unclear about the differences between cryptocurrencies and bitcoin, visit Crypto News.

The working process of bitcoin

If you look from the perspective of a user, then you will find bitcoin to be similar to a computer program or a mobile application that proposes a personal bitcoin wallet besides permitting users to receive as well as send bitcoins. And this is the common process of the working of bitcoins. The network of bitcoin shares a public ledger and it is known as the blockchain. It comprises every transaction that is ever processed and so, users’ computers can verify the transactions’ validity easily.

The transactions’ genuineness is shielded by digital signatures and they permit every user to gain control over sending bitcoins from his bitcoin address. Again, every person can process transactions utilizing the computing strength of some specialized hardware besides earning a reward for this service. Most often, this process is called mining.

Reasons for trusting bitcoin

People have faith in bitcoin as it needs no trust. Bitcoin is fully decentralized and open-source and it means every person can get access to the whole source code anytime. Hence, all the developers from all across the globe can verify the working process of a bitcoin. Every transaction as well as bitcoin that is issued in existence can be consulted transparently by people in real-time. Again, people can also make payments without the support of a third party.

The whole process of bitcoin remains shielded by some peer-reviewed cryptographic algorithms that are utilized for banking online. The remarkable thing is no person or organization is capable of controlling bitcoin. Again, the network remains safe even when not every user can be trusted.

People can’t rely on every source for gathering more information on bitcoin or other cryptocurrencies and so, they find it feasible to contact Crypto News anytime.

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Forex

Finding Your Path Through the Forex Jungle

One of the most popular financial markets in the world is the forex market. With millions of traders each day, about $6.6 trillion is traded on a daily basis.Plus, the internet has left a big mark on the way forex trading is done, opening up foreign exchange markets to anyone with a connection and strategy in place to make informed decisions. Another reason for its popularity lies in its inherent volatility. Every single day, a nation’s currency fluctuates, prodded by economic factors, political factors and interest rates, to name a few. Now, although there is a certain amount of volatility here, it’s notall thatperilous, for the reason that the huge amounts of money flowing through the market help steady the boat. In this way,the forexmarketmaybe less choppy than the cryptomarket.Traders who enter the forex market attempt to make profits on the price movement, AKA the very volatility, of currency prices. If they expected, for example, the value of the euro to appreciate relative to the US dollar, they would open a “buy” deal on the currency pair EUR/USD. If they believed the dollar was due to strengthen against the euro, they would open a “sell” deal on this pair.

An author once wrote that if you’re not interested in what previous writers have accomplished, you should give up on being a writer. Similarly here, before jumping into forex trading with iFOREX, you should find out about the trading strategies that others have developed in order to gain more insight into your own strategy. Let’s go through some of the most popular ones out there.

The ABC System

The ABC system is a simple and effective way of determining whether or not there is an overall uptrend in a share’s price. A is the starting point on the price chart of your stock; B is a higher point on the price chart, to where the price increased; and C is a point lowerthan B, to which the price then dropped. If C is higher than A, it shows that the dip in stock price still left it higher than its original point, so there is a general uptrend. Take the currency pair USD/MXN: if it was 21.5 in March (meaning one dollar costs 21.5 Mexican pesos), and it shot up to 23.0 in April, but then slipped to 22.0 in May, you can see a clear uptrend over those three months despite the slip. This might be seen as an indication to open a “buy” deal on the USD/MXN.

MACD

Moving Average Convergence Divergenceis also a technique using price charts, and its power lies in proving that a share price has recently been rising more rapidly than it has done in the past. When we examine a chart and see the short-term moving average crosses over the long-term moving average, it shows the recent price jumps are indeed more extreme than the usual, so it may suggest a “buy” deal. If the short-term average crossed below the long-term average, it shows the price is falling more quickly than it normally falls, which may suggest a “sell” deal.

Fibonacci Retracements

When you see how this strategy works, you’ll realize that some traders view share price movements in the same way as anything else in nature, meaning that they move in patterns that may not be so easy to recognize at first glance. That’s where the Fibonacci retracements strategy comes into play.If you started a number sequence with 0,1… and determined each following number by adding up the previous two numbers, and then divided up the results in certain ways, you’d come up with the “Golden Ratio” of 61.8% which you could find in mollusc shells, flower petals and human faces. Now, what if you took the key Fibonacci ratios of 23.6%, 38.2%, 61.8% etc. and plotted them on a chart of stock prices between a high and a low point? You might come up with key points at which an initial trend could continue after a hiccup. This mayhelp you know what to expect for the coming months and so how to adjust your trading strategy.

Getting Things Started

One thing to mention about all these trading strategies: none of them are designed to be advice or a guarantee. They’re simply there to help you gain insight into the performance of your instrument, whether it be EUR/USD, USD/MXN or various other currency pairs. Before forex trading with iFOREX, it’s important you learn the basics of how the forex market works and which factors can affect which currency pairs. It takes time and experience to hone your own strategy, as well as a full understanding of all the risks involved. If you’d like to start forex trading with iFOREX, take advantage of the brand’s signature educational resources program including how-to trading guides, video tutorials, and 1-on-1 training with a live trading coach.

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Forex

Why Traders with Different Backgrounds Like Proligon So Much

It is quite an achievement for an online trading services provider that they are liked by traders of all backgrounds. You have people who are just starting out as traders and those who have lived their lives trading. At the same time, you have these traders coming from all parts of the world. Despite their origin, age, and experience in trading, they all seem to admire the company that I am going to talk about today in this Proligon review.

This platform has been around for not too long but its impact has been quite great. It has achieved what most other companies have not achieved in many years of their services. I don’t think a company can call itself the best or the biggest. I call them big and the best only when I have traders who admire the company for its efforts. So, let me tell you about this platform and you can see for yourself if it gives you enough reasons to admire its services.

Trade Assets from Various Categories

Don’t limit yourself to a particular category of assets because it will not be great for you in the long run. You want to become a trader that has a diversified portfolio. Now, the most important thing to understand here is that diversification should not be pursued for the sake of impressing others. The fact of the matter is that diversification provides you with safe grounds for trading. When you have distributed losses, you can take more chances and make more money. With Proligon, you will be able to take as many chances as you want because you have plenty of choices.

You have assets from a variety of categories. You can trade exotic, minor, and major currency pairs in the forex currency category, whereas stocks offer you shares in hundreds of companies. At the same time, you have indices and commodities available for trading on the platform. Don’t forget that you will be trading cryptocurrencies on the same platform.

Trade Anywhere Using the Web-based Platform

Are you someone interested in a platform that you can use from anywhere in the world? Do you like to travel a lot or do you keep changing the devices you own? Whatever you are passionate about will not be affected when you sign up with this company because its software blends perfectly in your current lifestyle. If you want to trade on the go and from the other side of the world, the web-based trading platform from Proligon is definitely going to give you the experience you are seeking. You can even use it on a variety of devices, including your desktop computer, tablets, and smartphones.

You will be glad to know that the same software will work on all the major operating systems that work on computers, tablets, and smartphones. In other words, you can use it on your Windows computers, MAC, Android phones, and iPhones.

Six Accounts for a Flexible Choice

Why pay more when you can get great trading features with a basic trading account? You have Proligon providing you with the choice of picking one trading account from six different choices. The first ones on the list are basic accounts and you can afford them with ease even if you don’t have a lot of savings to spare for trading. So, the standard account is available to you for just $10,000. With this amount, you will have the company serve you as a complete platform i.e. your cryptocurrency broker, forex broker, CFD broker, and more. You don’t get such amazing flexibility every day.

Final Thoughts

You can see that I have tried to completely ignore the features that are very specific to certain traders. I have talked about things that I think matter to every person who has ever thought of trading. When you sign up with other companies, you have a good trading account. When you sign up with Proligon, you have a great trading account and peace of mind.

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Credit Cards

What are Employee Retention Credit and Its Requirements?

The employee retention tax credit is a refundable tax credit by an eligible firm between March 12, 2020, and before January 1, 2021, that wants to retain its staff on the payroll. The credit is 50% of up to $10,000 in wages paid by an employer whose company is completely or partially halted as a result of COVID-19, or those whose gross receipts have decreased by more than 50%. Employers who are qualified for the credit can get it right away by decreasing the amount of employment tax deposits they are needed to make.

Employers, especially tax-exempt organizations, are eligible for the credit if they run a trade or company in 2020 and experience one of the following:

  • a complete or partial cessation of their trade or activity during any calendar quarter as a result of governmental directives restricting commerce, travel, or group meetings as a result of COVID-19, or
  • a significant drop in gross receipts.

Availability of the Credit

Employers regardless of the size, notably including tax-exempt organizations, are eligible for the employee retention tax credit benefit. However, 2 exceptions apply for the availability of the credit:

  1.   state and local governments and their agencies, and
  2.   small enterprises that take out Small Business Loans.

To be eligible, the employer must fulfill one of two alternative tests. Each calendar quarterly, these tests are computed:

  • if the employer’s business is totally or partially halted by government mandate pursuant to COVID-19 during that calendar quarter, or
  • if the employer’s gross receipts are less than 50% of the same quarter in 2019. After the end of a comparable quarter in 2019, if the employer’s gross receipts exceed 80%, they are no longer eligible.

Impact of other reliefs or credits:

Other credits and relief laws affect a qualified employer’s right to claim the employee retention tax credit and some of which are:

  • Employers who obtain a Small Business Interruption Loan through the CARES Act-authorized Paycheck Protection Program shall not be eligible for the tax credit.
  • Wages used to calculate this credit cannot be used to calculate the credit for paid family and medical leave under Internal Revenue Code section 45S.
  • Wages for this tax credit are not inclusive of wages in which the employer earned a tax credit there under the Families First Coronavirus Response Act for the reason of paid sick and family leave.
  • If the employer is eligible for a Work Opportunity Tax Credit under section 51 of the Internal Revenue Code, the employees are not considered for this credit.

What is the procedure for obtaining credit?

The small company Employee Retention Credit allows companies to deduct 70% of an employee’s qualified pay up to $10,000 every quarter. The maximum credit amount per employee is $7000 per quarter. The employer’s Social Security tax burden is reduced by the credit. A refund from the IRS is received if the credit exceeds one’s Social Security tax liability.

Conclusion

Employers can receive immediate reimbursement for the credit by lowering the amount of payroll taxes deducted from employees’ salaries and deposited with the Treasury. In December 2020, the Employee Retention Credit was further extended by the Consolidated Appropriations Act (CAA or the Act). All employees don’t need to take advantage of the tax credit and employers who are eligible for the Employee Retention Credit may choose not to claim it.

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Business

How To Update Octane Pentatonic Pump Control Module

A Sump Backup Battery or a Backup Water Pump is essential to ensuring your home or business has continuity of operations in the event of a complete power outage. The backup pump stores water and removes it from the basement. Water pumps are typically located in basements that receive high snowfall and have high humidity. It is also crucial for businesses with a large amount of water storage to have a backup water pump. Many older homes and businesses use a mini version of this pump called a Timesavers, which sits in the crawl space under the floor drain and monitors the house’s temperatures.

A Sump Pump usually consists of two main components, a housing for the pump itself and a waterproof or non-waterproof pump box. In addition, it has an electric motor to move the water through the pipes and a sensor network to detect when the water level in the sump reaches a predetermined point. The sensor network operates via a serial cable that connects the housing to the pump or a remote device such as a digital control unit.

When the pump detects a rise in the ambient temperature, it will pump water from the tank until the ambient temperature falls below the predetermined level. This process continually loops and continues until the sensor values drop below a specific value. When the value drops below a particular matter, the pump will stop pumping water.

The Sump Backup Battery is built into some newer models of basement waterproofing systems. You may need to have a professional install one of these units on your own. It is usually located in a place where the water level is at its lowest. It is designed to sense the ambient temperature and initiate the pumping action when it drops in the ambient temperature.

This device uses the reference point of the atmosphere (atmospheric pressure, humidity, temperature, etc. ), ground temperature, and the last known barometric pressure to determine what force the sensor is reading. Because it is based on the final known value, it can only sense changes in the ambient temperature, and the last time it was measured, it used the atmosphere pressure reference point (which is an excellent thing).

Several components in this system are designed to allow it to work with a variety of different pump systems. Each member will receive a reference from the central unit and sense a change in the pressure. If the pressure changes, it will trigger an alarm to warn of an impending leak. This type of alarm is required because of how this system uses a very sensitive, low output current.

A Sump Backup Battery will allow you to protect your basement from several different things. Suppose you have a well-chosen pump system (i.e., one that uses a high-efficiency pump). In that case, a backup battery will be able to use this to prevent damage to your pump’s motor and prevent heat damage due to pump evaporation. If you have scorching weather, a submersible sump can be placed under the lake to avoid the water from rising due to the heat or any other reason. In the event of excessive rainfall, the sump can be placed under the ground, and the water condensed or drained via gravity without having to worry about damage to your basement floor.

If you do not have a sump pump and have a concrete slab, you could also add a waterproof controller. Most waterproof controllers have two primary components: an x10 size resistive element and a noncorrosive resistant nonferrous stainless-steel liner. If you add a waterproof controller, it could add a couple more years to the life of your pump. On the other hand, if you do not have a concrete slab, your best option may be to install an acrylic liner to stop corrosion. Again, it will add another couple of years to your pump’s life, but you will lose the ability to use the sump for aesthetic reasons since the pump will not get at the pump water.

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Finance

Which account is better: NRE or NRO?

As allowed by the Reserve Bank of India (RBI) under the FEMA (Foreign Exchange Management Act) guidelines, an NRI may open NRE or NRO accounts for their regular banking needs. The decision to choose a specific bank account depends on the specific needs. These accounts carry different features regarding inward remittances/ transfers, flexibility to repatriate the funds abroad, account operations, etc.

While no specific account can be termed as better than the other type of account, here are the significant differences between NRO and NRE accounts which may help an NRI to choose the account best suiting their banking needs:

  1. Inward Remittances into Bank Account – While NRE accounts can only accept credits through foreign currency remittances from abroad, NRO accounts are flexible in receiving the inward remittances into the account in any currency, including the Indian currency. NRE accounts can only be used for receiving foreign income in India, while NRO accounts can be used for both foreign and domestic income. In case an NRI needs to receive domestic income in an Indian bank account, like rental income, dividend income, sale proceeds from an Indian asset in Indian rupees, etc., NRO accounts are best suited for such operations. NRE accounts can also be funded through foreign currency remittances or through transfer from another NRE account.
  2. Repatriation of Account Balance – While NRO accounts are flexible in receiving inward remittances, such accounts restrict the free repatriation of the account balance. An NRI can transfer such balances outside India only subject to specified limits. While the repatriation of the principal amount is subject to specified limits, the interest income earned in such accounts is freely repatriable. In contrast, the funds in NRE accounts can be freely repatriated. As such, NRIs can transfer the funds in NRE accounts outside India without any limits.
  3. Taxation of Interest Income – As per the Income Tax Rules, the interest income from NRE accounts and term deposits is exempt for the account holders. In contrast, the interest income from NRO accounts is taxable in India. However, the benefits of the provisions of Double Taxation Avoidance Agreements (DTAAs) can be availed by the NRI account holders on such interest income. Govt. of India has entered into such agreements with several countries, wherein benefits are provided on a reciprocity basis to avoid hardships to the taxpayers concerning double taxation of similar income in different countries.
  4. Joint Operations – NRO accounts provide more flexibility to the NRI account holders regarding joint operations. One can hold a joint NRO account with either a resident Indian or another Non-Resident Indian. On the other hand, an NRE account can be held jointly with another Non-Resident Indian only. One cannot hold a joint NRE account with a resident Indian. However, one can appoint a resident Indian as a mandate holder for the NRE account for the convenience of the account operations.
  5. Foreign Currency Loan against Account – The balances in NRO accounts cannot be pledged against foreign currency loans taken outside India. This is due to the repatriation restrictions on such balances. In contrast, there are no restrictions on the NRE accounts to be pledged against foreign currency loans taken outside India.

While NRO accounts allow inward rupee transactions and joint operations with resident Indians, NRE accounts provide flexibility in funds repatriation outside India and tax exemption for interest income. One may choose the specific type of bank account as per their specific transaction requirements.

Disclaimer – The information provided in this article is for informational purposes only. You may consider consulting tax professionals for specific guidance for the applicable Income Tax rules, as tax benefits are subject to changes due to change in tax laws.

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Finance

Comparing 3 best postpaid plans by Airtel

If you are looking for the best postpaid plans offered by Airtel in India, then this blog is exclusively for you. The telecom operator has recently revamped its postpaid plans and has come up with special plans for its postpaid subscribers. While the entry-level postpaid plan starts at Rs.399, other postpaid plans offer a lot of additional benefits to the users. This blog will be analyzing the top three postpaid Airtel recharge plans that are offered by Airtel.

  1. ₹399 Postpaid Plan: This entry-level postpaid data plan was initially limited to select telecom operators, but now this plan has been activated across India for all telecom operators. Activating this plan allows a subscriber to avail of unlimited voice calls, 40GB of data, and 100 text messages per day. Complementarily, Airtel has also bundled its Airtel Xstream Premium subscription with this postpaid plan, allowing users to avail themselves of memberships of Wynk Music while enjoying Airtel Thanks rewards like free one year access to Shaw Academy, Juggernaut books and more. Besides, users have the leverage to add more family connections to this plan that shall be chargeable at Rs. 299 for regular 30GB data, unlimited calls and a hundred SMS per day.
  1. Rs. 499 postpaid plan: This postpaid plan provides 75GB of data, 100 SMS per day and unlimited local and roaming calls. Besides these, under Airtel Thanks Rewards, users get a one-year free subscription to Amazon Prime, handset protection and access to Disney plus Hotstar Mobile.
  1. Rs. 999 postpaid plan: Airtel postpaid bill payment of Rs. 999 is yet another unique offering by Airtel that is a specially curated for people who live in a family or who have greater requirements from their postpaid plan. With a monthly rental of Rs. 999, users get 150 GB of data with rollover, unlimited local and roaming calls and a hundred SMS per day. Apart from this, they get two free add-on connections, Disney plus Hotstar mobile subscription, a free one-year Amazon Prime Video subscription, handset protection and access to the Airtel Xstream app.

Making faster bill payments

Airtel bill payment Can be made easily through various websites like Paytm, Mobikwik and Airtel Payments Bank. Making postpaid bill payments from these websites is now being preferred over traditional methods because it allows users to save up immensely on their monthly payment plans in the form of discount coupons and cashback offers. Airtel Payments Bank is your go-to destination for making all kinds of bill payments including water bills, electricity bills, broadband bills, Dth pills and even purchasing a FASTag.

Secured OTP-enabled transactions

Paying your postpaid bills via Airtel Payments Bank is not only safe but also quick and hassle-free. If you are in a rush you can simply browse through the website, enter your number and billing details and save up on every transaction. Your recharge shall be done instantly.

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Investment

Crypto As a National Currency

On 7 September 2021 NayibBukele, El Salvador’s young president, historicallylaunched Bitcoin as his nation’s second national currencyalongside the US dollar, which has been legal tender in the country since 2001.Bukele argued that adopting the digital currency would save Salvadorans as much as $400 million a year in bank fees normally charged for money transfers from relatives living abroad in the USA. As an incentive, the president offered any citizen $30 in Bitcoinupon downloading the government’s digital wallet calledChivo, which means “cool.” Another factor motivating the bold move to cryptocurrency was Bukele’sconcern about the effect of inflation on the dollarin the wake of President Joe Biden’s economic stimulus packages.

How things have gone since then depends on whom you ask. For one thing, the launch itself did not go exactly as Bukele had hoped, as the price of Bitcoin dropped by 17% the following day, slumping from about $50,000 to less than $43,000. A tweet by economist Peter Schiff, addressed to Salvadorans soon afterwards, read: “Your national “currency” just lost over 15% of its purchasing power in under an hour. Get used to it.” Some analysts believe the sell-off had to do with the fact that the Salvadoran government actually took their Chivo wallet offline for some time while improving their servers. But, according to Bloomberg analyst Michael McGlone, the sudden price movements were not something to be concerned about, and only signified a “wringing out” of speculative investors. Let’s take a look at the effects of this historical launch on the price of Bitcoin and on the Latin American country itself in the following couple of months. A must read if you plan to invest in cryptocurrencies with iFOREX as CFDs.

A Month Later

One of the most obvious differences on the streets of San Salvador, El Salvador’s capital city, at the beginning of October was that supermarkets and restaurant chains like Starbucks were accepting Bitcoin as a payment method. There were also reports of increasing usage of the government mobile app for speculative day-trading in Bitcoin. Not everyone was happy, though, due to the reported fact that the Chivo network was frequently out of order. There were even protests against the cryptocurrency on September 15th and then again on October 12th.

As to the price of Bitcoin, it shot up by 11% on October 1st, though it remained down about 7% since September 6th. October was a strong month for the crypto, due partly to theintroduction of the first ETF fund associated with Bitcoin futures and the publicity surrounding George Soros’ Bitcoin investments.The price of the coin rocketed up by 50% in the month. President Bukele, for his part, displayed unabashed confidence in his decision,tweeting his own purchase of 700 Bitcoins in September, and then of420 coins in late October.

One journalist, John Holman, has an optimistic view: “70% of Salvadorans don’t have bank accounts and this is a way they can save up a bit and (hopefully) watch that pile grow as Bitcoin’s value increases,” he said.Some Reuters analysts have, however, expressed the concern that “Adopting the cryptocurrency could fuel money laundering in a country with serious problems of government corruption and organized crime.” Indeed, other analysts have also pointed out the possibility that money launderers could be drawn to El Salvador’s banks as a result of the move. The overall effect of this bold changein El Salvador has not yet materialized and will only become known in the months ahead.

New Developments

Since then, El Salvador’s leader has been active in his promotion of the crypto, planning to build his own blockchain with the assistance of Algorand and also preparing to host the Latin American Bitcoin and Blockchain Conference in mid-November, which will be an opportunity for Latin Americans to “Engage with Bitcoin specialists, entrepreneurs, as well as local governments about what Bitcoin could mean for the region,” in the words of its founder Rodolpho Andragnes.Bukele even announced he is building 20 new schools from the “surplus” of the nation’s Bitcoin Trust Account.

Those who invest in cryptocurrencies with iFOREX as CFDs know that the volatility of digital currencies presents traders with both opportunities and risks. It’s crucial to set yourself up with a broker platform that is regulated, reliable and experienced before beginning to trade cryptocurrencies as CFDs. iFOREX is an example of a brokerage that is all these things,and which offers empowering educational materials for traders of all levels of experience. iFOREX also offers the benefits of a social broker channel to keep its users in-tune and up to date with all the latest trends and news in the financial world.

 

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Finance

Advantages Of Banking As A Service Which Everyone Should Know

Most experts claim Banking as a Service (BaaS) to be a win-win situation for businesses, banks and customers. This model enables companies to provide a range of financial services and products to their customers without having to pledge or secure their own banking licenses. E-money providers and licensed banks move forward with BaaS to offer digital banking services to non-banking businesses. Click here https://blog.cashfree.com/banking-as-a-service-baas/ to know more about the structure of Banking as a Service. First, let us discover all the facts about its advantages to all the associated parties.

Benefits of BaaS Model To Banks

Licensed banks and banking service providers benefit largely from the BaaS model. Depending upon how well they integrate the system with their customers (the businesses they associate with), banks can reap the following benefits.

1.   Increase In Revenue Generating Sources

With BaaS, banks can use APIs to share data securely with reliable third-party financial institutions. Banks enjoy customer trust and funding capabilities at a large scale whereas tech companies take the lead on fast connectivity and innovation. Both these parties can work together with Banking as a Service to generate high revenues.

2.   Acts As An Initiative To Save Costs

BaaS does not require banks to invest in any form of technological development. They can reap benefits from reliable partnerships by accessing the well-developed solutions offered by the tech firms.

3.   Progress In Customer Insights

Every third-party collaboration yields an increase in the number of customers. With this reach, banks get insights into their spending habits and preferences. Banks can utilise this information and come up with personalised offers and gifts.

Benefits of BaaS Model To Fintech Members

Banking as a Service is also beneficial to Fintech members. As long as these third parties have the required resources to utilise this model, they can reap the following benefits.

1.   Access To More Customers

The trust banks enjoy in the market is not easily penetrable by new firms and businesses. With a successful integration with leading banks, firms can leverage this enormous trust to expand their customer base. This simple procedure is way more convenient and cost-effective than one may perceive.

2.   Rise In The Pace of Startup Launch

Acquiring a valid bank license is neither an overnight task nor a cost-saving option. It requires enormous capital requirements which are not possible for all firms to access. Fintech members and businesses can efficiently bypass this licence regulation and utilise banking capabilities using the BaaS model. This way, the rise in startups is quite natural and economical.

Benefits of BaaS Model To The End-Customers

The end-customers, who utilise the products of this collaborative Banking as a Service model, also reap benefits.

1.   Innovative Financial Services & Products

BaaS increases the level of competition in the market which invokes firms to take possible initiatives to improve the quality of their financial products and services. This healthy competition leads to an improvement in the market output available to customers. Therefore, customers reap the passive impact of BaaS integration.

2.   Reap Superior Experience

Leading tech giants have habituated today’s customers with high-quality services and advanced technologies. This rise has led to an increase in customer expectations too. The BaaS model keeps this competition alive and active to allow customers to enjoy the superior experience they expect from the service providers.

Banking as a Service is a developing model with a wide range of features and benefits for all the parties associated with it. Businesses just have to identify the most trustworthy service provider who can help them multiply these advantages and set new standards of financial services. With a progressive model like BaaS, online businesses can reach new heights of success!

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Finance

Cryptocurrencies, Bitcoin And The Right Time To Buy Them

As a prospective Bitcoin (BTC) investor, you will need several things: a cryptocurrency exchange account, personal identification documents, if you are using a Know Your Customer (KYC) platform, a secure internet connection, and a payment method. It is recommended that you have your wallet outside of the exchange account. Valid payment methods using this path include bank accounts and debit and credit cards. It is also possible to buy BTC at specific ATMs and via P2P (peer-to-peer) exchanges.

For Bitcoin investors, privacy and security are issues of utmost importance. Anyone who gains the private key to a public address on the Bitcoin blockchain can authorise transactions. Private keys need to be a secret as criminals may attempt to steal them if they learn that you have large holdings. The balance of the common address you use can be seen by anyone. The downside to this public information is that an individual may create more than one public address for themselves. Thus they can distribute their shares of Bitcoin over many addresses that are indirectly connected to the ones that are used for transactions.

The history of transactions made on the blockchain can be viewed by anyone, even you. While transactions are recorded publicly on the blockchain, identifying information about users is not. A bitcoin transaction appears on the blockchain only with a public key of the user, so it is not anonymous, but it is confidential. All bitcoin transactions are public and can be traced, unlike private cash transactions. But Bitcoin transactions also have an element of anonymity builts into their design. It is tough to trace both the transacting parties, the sender and the recipient, on the blockchain.

The right time to buy Bitcoin

In theory, it would make sense to buy when prices are low and sell once the price reaches its peak on the crypto charts. Although, it does not work like that. Timing the market is incredibly challenging. And it is even more strenuous with cryptocurrency because these investments are far more unstable than the average stock.

Crypto prices have been on a rollercoaster ride, so trying to find the right time to buy is nearly impossible. If you buy now because it seems like prices have reached their lowest, then there’s a chance they could fall even further, and you’ll have invested too soon. Nonetheless, if you wait too long, prices may skyrocket, and you will have missed the opportunity.

It does not necessarily matter when you buy crypto, as long as you are strategic about it. Investing in successful or promising businesses and holding them over the long term is the key to making money in the stock market. If they are desirable investments, they should grow over time, and their prices should increase along with them.

If you are interested in investing in Bitcoin or any other cryptocurrency, it should be because you believe in its potential. As well as because you are willing to hold on to your investments for years or even decades.

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