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The financial institution provides indispensable services to people. From keeping funds and transferring them, to providing financial aids, etc. but it is unerring to say that charges on services rendered are high. Remittances are somewhat a lifeline for many in parts of Africa. Money sent home by migrants is almost as much a huge contributor like international aid is. Although international aid has the largest financial inflows to developing countries. Even at that, money transfer costs via ban...[]
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The International Monetary Fund is the organization that exists to facilitate international trade, enable financial stability, nurture global monetary cooperation reduce poverty amongst other things. The organization decided to speak on the undeniable eye candy that is cryptocurrency. The Managing Director of International Monetary Fund (IMF), Christine Lagarde, has directly outed that crypto and other ‘disruptors’ are shaking the requisite financial industry’s a system, w...[]
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The aim of this article is to present information in a simple form on cryptography, a few cryptocurrencies, and their usefulness to entrepreneurs as well as precautionary information for one who decides to dabble into using this new craze. An entrepreneur is a term that captures one who owns, operates and finances a business i.eA person who sets up a business or businesses, takes on the financial risks with expectation of profit is an entrepreneur. Asides the fact that cryptocurrency can be a...[]
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Over the past month, the state of the cryptocurrency market has top more than 150% and still booming. Investors and traders are smiling and can see that the future of cryptocurrency is a positive one. Let's review experts view on the current state of cryptocurrency: I believe the downfall of crypto markets over the past year has just been a correction or you can say the people who run the economy crashing it to buy it at discounted prices. Like the saying Warren Buffet said a few years ago...[]
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In today's business world, technology should take a high priority in the overall strategy. It's rare that a business can function without some sort of tech platform. In fact, with the growing number of cloud-based services, businesses are completely controlled by technology in some ways. Any business should take the time and effort to make a solid technology plan with both short-term and long-term goals. This includes everything from communication platforms, email providers, software solutions a...[]
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Blockchain as a revolutionary technology with its great attributes has a greater impact in keeping safe the user's data privacy. Data privacy involves limiting access to users' personal information to parties that really need it and making sure that this data is handled properly. This access can be temporary (think about a bouncer verifying your ID and returning it to you before entering a club) or extended (bank keeps your personal information on file for prolonged periods of time). Today...[]
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As with anything else in this world, Bitcoin’s (and other cryptocurrencies’) price is driven by supply and demand. In practice, Bitcoin is “produced” by the miners, which in essence “mine” the bitcoin through a computer program. The difficulty of the mining process will increase with the number of Bitcoins being mined, which will require a higher amount of energy and higher computer specs. So, this is how the supply of bitcoin is “regulated”,...[]
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Technology in this 21st century has revolutionalized they our way of life and how we run businesses. But nevertheless, from the coinratecap viewpoint, technology is like a coin that has two sides; it solves a lot of problems but at the same time if overused may have its effect depending on personality and the way we perceive it. We have gathered views on how technology today can be a blessing or a scourge. Hello, my name is Victoria Parham, an over 50 African American femaleand Mom who uses...[]
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Over the past few months, the news that has been going viral on why China banned bitcoin has kept people wondering the reason behind this. This has made some investors wonder what could be the future of bitcoin if the massively populated country like China could ban bitcoin. We have gathered a few information from experts who made some clarifications on the reason behind this. China has demonstrated a strong determination to dominate the globalblockchain market. However, the Chinese government...[]
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Blockchain over the years has helped many businesses in many fields of service in providing solutions like supply chain management and many more. Many skeptics are worried about if the said attributes and benefits of blockchain can ever change the world in areas like health, employment and other nook and crannies of life. With no emphasis on what blockchain is, please refer tothis article for a clear understanding.And here is a broad overview of blockchain technology. As the saying goes, wha...[]
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