#online currency

[ifmfincoachinfo]

Digital Payments In Today’s World

Since the time of the stone age, we have witnessed several changes in all aspects of life forms. The oldest form of commerce, the barter system involved the exchange of goods and services between two or more parties without the use of money.

Later, the currency system emerged where the elites of Lydia and Ionia used stamped silver and gold coins to pay armies.

The Evolution of Money - Barter to Cryptocurrency

Throughout the years, like all life forms, economics and payments have seen a drastic change. From the barter system to the currency system, humankind has successfully adapted innovative technologies.

Today, we are witnessing the era of digital payments. The current payment methods are already a key indicator of our progress. They are powered by cutting-edge technology and boast our current technological advancements. 

In fact, a number of countries like Sweden, Finland, the UK, China and Norway have already moved to a completely cashless society or are on their way to becoming one.

The concept of a cashless society is increasingly becoming popular. Payment methods like UPI, NEFT, Point-of-Sales terminals, and mobile wallets are preferred as they are single-click authentication. 

Digital Payments in India

India has shown the world that they are a real-time digital payment by almost 40 per cent of all transactions. As a matter of fact, Prime Minister Narendra Modi praised UPI - Unified Payment Interface and the fintech sector on the occasion of Independence day. 

According to the latest data, India’s digital payment market is expected to rise more than triple to $10 trillion by 2026. At the same time, digital payment methods including UPI transfers and credit card transactions will likely reach saturation point in India by FY27.

However, the cash flow will still be used. Such a transformation of the financial landscape will definitely observe intense involvement for business, society and government. 

Having said that, let's have a look at the benefits and drawbacks of digital payments to understand why countries need to be even more adaptive to such payments soon.

Benefits

Digital payments provide better transparency in the transactions, which reduces the instances of money laundering & theft.

Extremely easy to track all the payments you make accurately and in real-time.

Digital payments can massively reduce the time and cost used to handle & store physical currency. 

Faster transactions, making it easier and more convenient for both the retailer & the customer.

Tradition banking transactions charge some handling fee. However, Online Transactions are usually free, making transactions less costly.

Drawbacks

A potential risk of personal & financial data breach, in case the websites don’t have high-security measures in place.

Digital Payments rely upon internet connectivity heavily. So, when the internet connectivity is not there or the servers are down, it will be challenging for people to make transactions/payments.

Instances of impulsive buying may rise since you have to swipe or click to complete the transaction without needing to check your balance.

Taking all the benefits and drawbacks into consideration, digital payments come as a boon and have made our lives much easier than before.

At the same time, online retailers have a wide variety of security tools, For example - they encrypt data on the systems, Pay Pal’s security has a second authentication factor, SSL certificates, firewalls and regular system scans.

On the consumer end, there’s an option of creating strong passwords, sign up and anti-virus software up-to-date. 

However, many still prefer to be more inclined toward traditional transaction methods. Ultimately, it all comes down to the personal preference of the person making the transaction, whether they want to go digital or stick to cash transactions only. 

The Rise of Ecommerce

For all the reasons outlined above, online transactions are safe and secure. The shift in E-Commerce also played a pivotal role in promoting the use of digital payments, If data is to be estimated, there are around more than 289 million buyers buying things online. At the same time, it is expected to grow at a rate of 9.5% per year. 

The more the use of E-commerce websites the more digital payments. Furthermore, it is also related to the strong accessibility to the internet.

Millennials are raised with internet usage and online shopping. This generation spends more money online than any other age group. Clearly, online payments are clearly the way of the future. But, the only concern that needs to be taken care of is security.

However, all cash is not the solution. So, where are we leading? Is a cashless society the future? Let’s move to the conclusion to know about the changed behaviours and alternate payment options. 

Is a cashless society the future?

Today, technological innovation has made financial transactions seamlessly possible on computers and mobile devices. Now it is taken for granted, going forward.

Clearly, caution should still be exercised. Yet experts in a post-pandemic world say that it is likely that digital payments will become increasingly popular.

At the same time, with our transactions quicker, faster and better, caution should be taken regarding vulnerable people around us.

#ifmfincoach #ifm fincoach #digital currency #digitalcurrency #crypto #cryptocurrency #upi #neft #online currency

[tech2duo]

#blockchain #crypto #mining #currency #future technology #online currency

[centeris2]

It's an SSO event! What's this, there is a collection/quests/content locked behind something?

I'm curious what grindy/time consuming game mechanic people would pick if the choice was up to them. I may be forgetting one, but I'm not including like tokens through dailys because that's often just a few minutes each day. I'm thinking the time sinks where SSO is trying to get people to be online for an hour or more each day for an event, either all at once or by getting folks to log on multiple times a day.

So what would you pick to get players on for an hour/multiple times a day during an event?

#sso #ssoblr #star stable online #starstableonline #I forgot that the Yule Goats were actually two different currencies for the same activity #I had no idea how to describe the Yule Goats thing #I just remember that being a time consuming thing

[parasitoidism]

i opened up my ds for the first time in forever recently and poking around on the free apps on there is just making me sad wrt how awful f2p models are again.. Like it's not just that they're ruining the balance of a game by trying to get your money it's that once they go offline even if the actual game is still there and you can open it and play it it's functionally just dead. The game is designed to make you hit a point where you have to get out your wallet but since online services are dead now you can't do that so you're just like.. softlocked forever.

#plus a lot of these nintendo ones the way u would get premium currencies was like #logins and online events. which are also now gone forever

[stickers95]

I love living in Sweden I really do but THERE IS ABSOLUTELY ZERO CARS MERCH.

NONE!!!!

#I WANT DIECAST TOYS #they’re already expensive to begin with #shipping and currency conversion just makes it worse #if I want to order some online that is #cars fandom #pixar cars

[deathfavor]

Seiroku needs to stop going in his room, nothing good ever comes from it. First with himself and his attempt, then Soma while he was waiting in his own room.

#what if i slaughtered us all with that angst of a drabble tho #i could do a drabble #i shall contemplate it #this is what gets me to come online HGJDFG #not the angst just seiroku #but the angst too #᛭ — [OOC] angst is the game and tears are the currency

[daftarexness3]

Exness Trade - Online Forex Trading Broker Various Currency Pairs

daftar exness

#Exness Trade - Online Forex Trading Broker Various Currency Pairs

[an-aura-about-you]

you ever see a post where a person says a thing, another person says, "That's definitely not true," regarding the first post, and you actually DO remember the thing being true but it's such an inconsequential, niche thing that you know it's not worth it to make it an addition on that post?

#and I'll put the actual thing in the tags for anyone interested in knowing what I mean #apparently somebody on Twitter wrote that they just realized bump is an acronym for 'bring up my post' #and while that reblog saying that's not true is half correct that's still only half #bump turning into an acronym for 'bring up my post' did exist as a thing on gaia online forums when it was brand new in 2003 #I don't remember seeing it on any other forums I participated in at the time #but it makes sense that it would be on gaia since it gamefied forum posting by rewarding forum members with in-game currency #so when you post you would earn a small amount of gold #which can be used to purchase items to dress up the doll that serves as your avatar on the forums #if a user wanted to save up for a specific item it wasn't uncommon for them to create a thread specifically for spam posting #there was a forum created specifically for those kind of threads and everything #and naturally for other threads one would want to bump their own so it would be on top of the front page and get more views #in any case it was not uncommon to see people add replies to their own forum threads that read 'bring up my post'

[forexregulationinquiry]

Successful Online Currency Trading in 2023

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#stock broker #forex broker #forex market news #online forex market #forex market #forexregulationinqury #forex trading #business #online forex trading #stock market #Online Currency Trading

[rox-of-iu]

book depository closing down. no nice things allowed.

#i cannot express enough just how much this upsets me #that was the only way for me to get books at affordable price thanks to the free shipping #because the prices here on overseas and indie books are pretty jacked up and the shipping from other websites is also very painful #so no winning #and we're not even mentioning that some books you just cant get here anyway #man im so sad actually heartbroken #they also delivered super fast the catalogue is expansive and the website overall was nice #man im glad i had the chance to pre-order my s/vsss special edition because without book depository i wouldnt had the chance at all #again. no way to get it here and the shipping from other website would make it very unreasonable monetary decision #with how our currency is holding up against others #oh well #guess ill just order t/housand autumns while i still have the chance :( #and light a candle for it #also fpr context i briefly looked why theyre closing and apparently they were bought by amazon in 2011 and now they are making cuts #so bd took the hit #edit. scrolled through the bd tag and seeing other non US/UK ppl heartbroken over it really hits o(-( #saying theyll order a lot now because they most likely wont order books online after that because the shipping just is so much pain #and yea that really do be it huh. man... #like ok i know theres maybe some other website out there that could work out well enough #but this was THE place #good prices and guarantee of quality with how big and long standing it was

[walkingtalloncesetusapart]

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#crypto #earn money online #currency #free tools

[captainderyn]

I GOT A BINGO 💜

AGDIAHFISHD DOT. THE HEARTS. THE HEART STICKERS. IM DECEASED

🥺👉👈 what if we…lost our minds over blorbo in laws in the tumblr messenger forever and ever

#ilyyyyyy and the chaotic character essays bartered back and forth like fine currency #me kicking my feet and giggling everytime I get a notif in the tags because hehe friend is online and noticed me hi friend

[kamisopp]

usopp modern au thoughts; he's a huge gamer so he's got a chonky pc for gaming. i can see him doing fighting co-op games with luffy often but luffy also plays some popular mmo with him && chopper && whoever else ( maybe nami ) and they all run a guild together.

#( musings. // i'll be brave ❗❗ ) #( verse // modern. ) #//loving the idea of usopp knowing luffy and some of them from school but if some of the strawhats met in an online video game #// JLGDSGJ #// luffy is the guild master but he needs help running it #// nami handles all the guild currency

[felixcatton]

i often think about logan predicting nfts and crypto in 2007 and lorelai going “get a real job”

#gilmore girls #to be fair i still think nfts are dumb and it’s 2023 #but all that aside he was a decade ahead of his time like he was so right 😭 #logan: online retail is about to blow up in a whole new way and virtual currency is gonna be a big thing #lorelai: 🙄 #it makes me laugh every time

[digitalxnode]

Digital fraud growth in India – Threat to digital transformation

India is considered by many as a digital testing center for innovators to hackers. The unprecedented digital inventory w.r.t connected device, digital assets such as social media, and digital content consumption is attracting many to offer products and services.

India is second to China in terms of mobile internet users, mobile users, application users, and application downloads with loosely coupled regulatory & policy enforcement offering golden opportunities to fraudsters. Digital Fraud is increasing day by day in India.

To read full blog, Click Here

#digital fraud #digital currency #online fraud #digital transformation

[bopinion]

2023 / 06

Aperçu of the Week:

"We wanted the best, but it came as usual."

(Viktor Chernomyrdin, former Russian prime minister, in 1993)

Bad News of the Week:

The image of the "People's Democratic Republic" of North Korea is often described as Stone Age communism. While the majority of the population suffers from extreme poverty and, in some cases, famine, Kim Yong Un stages himself as a monarch and operates a strange cult of nuclear weapons and long-range missiles, which he sees as life insurance for his own despotic regime. All of this is done under the eyes of China, a protective power that is difficult to understand, and in distinction from the economically successful brother nation of South Korea.

For a long time, North Korea existed like a country on another planet. Hardly any information penetrated to the outside or the inside, the communicative isolation seemed perfect, the media control total. This still works internally, but in recent months it is the World Wide Web, of all places, on whose map the country is no longer a blank spot. On the one hand, North Korea operates extremely successful hacker cohorts who, in addition to various espionage and disinformation campaigns, also managed to collect at least $1.2 billion in cryptocurrency through online fraud and data extortion. In other words, a concretely lucrative business that flushes foreign currency into the state coffers.

What is unclear, however, is the objective of what is currently the second notable North Korean Internet phenomenon: an apparently broad-based social media offensive. In a series of channels, which according to CNN are new and have been astonishingly successful in a short time, the country is staging itself as a pleasant home for seemingly normal teenagers. Who speak perfect English with a British accent. Who, for example, enjoy popsicles and love to read Harry Potter. Only the former is hardly available and the latter is even officially banned. Why is this done? Good question.

The videos "look like a well-prepared play" scripted by the North Korean government, said Park Seong-cheol, a researcher at the Database Centre for North Korean Human Rights. The scenes shown from the alleged everyday life of youngsters are not completely fake, but staged. For example, there is a water park, a movie theater and an amusement park in Pyongyang. Only these facilities are reserved for an elite class of party officials, military officers and government employees. Like the Internet access these strange influencers use - just like the smartphones that aren't actually available. What's the point when, according to the CIA fact book, only 26% of the population even has electricity? It would be nice if the North Korean tourist office, which wants to open the country's borders to international tourism, were behind this.

More likely, however, it is a red herring. With which the regime wants to influence the current narrative: North Korea is not an isolated country that could attack its neighbors and the United States with nuclear weapons. But rather an ordinary East Asian country where ordinary people like you and me live ordinary lives. Combined with the recent spate of missile launch tests, the latest expansion of the Nyŏngbyŏn nuclear facility documented with satellite imagery, and a new solid-fuel intercontinental ballistic missile (ICBM) unveiled just last Wednesday at the 75th anniversary of the founding of the armed forces, this leaves a queasy feeling.

Good News of the Week:

Probably the death toll of 28,000 from the earthquake in the Turkish-Syrian border region is out of date by the time I post this. The worst series of quakes since scientific records began has devastated an area where nearly 20 million people live. And as events unfold, a whole series of negative findings are coming to light.

The Turkish government is not implementing the regulations that actually apply to buildings in the latently earthquake-prone region. Neither Syria's ruler Bashar al-Assad nor the rebels in the north of the country are allowing solid disaster relief by foreign forces. Enemy nations cannot be stopped from attacking each other even in this situation. Even in the Near East, there are sub-zero temperatures at this time of year. And the Kurds remain constantly the biggest loosers of them all anyway.

Fortunately, many humanitarian highlights are also showing up in the face of adversity. For example, even Sweden, reviled by Erdogan, is sending aid workers to eastern Anatolia. So is the beleaguered Ukraine, which surely would have been admitted a different set of priorities. And those that don't have appropriately equipped aid workers, like the United Arab Emirates, are opening their wallets. And every day there are - still! - improbable miracles, such as the rescue of a heavily pregnant woman who was rescued yesterday after 115 hours under rubble.

What somehow makes one optimistic despite the terrible circumstances is humanity. When people stand by each other in times of need, even though the religion they believe in actually dictates enmity. When official requirements are suspended in order to allow family members who have become homeless to travel to their relatives in Germany, for example. Or when the international community thinks not only about the current rescue, but also about reconstruction afterwards - the EU has already announced a donor conference for those affected.

Even the self-proclaimed crown of creation, which likes to define itself in terms of greed, resentment, jealousy or hatred, is capable of empathy. It's nice that the term "humanity" still has a positive connotation. Even though we so often seem to go out of our way to change that. The heart is probably more than just a blood-pumping muscle after all. And conscience more than a transmission in the synapses of the brain.

Personal happy moment of the week:

I broke a bottle of red wine while shopping the other day. And moistened various purchases in the carrier bag. I noticed most of it and was able to clean and dry it. That the red wine also flowed into a box of cigarillos, I did not even notice. Not until I wanted to smoke one and had a damp, soft stem in my hand. So I put the box open on the heater in the office. And discovered two pleasant side effects of my mishap: the smell of red wine and tobacco at work has an comfortable calming effect. And the taste of the cigarillos gets a pleasant additional flavor. From that perspective, I was able to profitably recycle some of the spilled red wine.

I couldn't care less...

...whether the former head of the Office for the Protection of the Constitution, Hans-Georg Maaßen, who is increasingly conspicuous for his racist and conspiracy-theory tones, can be officially expelled from the conservative CDU. Or whether the high good of freedom of speech also protects him within the party from accountability for his unspeakable statements. The fact that an obviously extreme right-winger could rise as a political official to become the head of the most important authority for upholding the state of lawfulness, of all things, weighs considerably more heavily and calls for more consequences than which membership card he carries around with him.

As I write this...

...I'm drinking a beer not even five hours after I got up today. A tough week in many ways takes its toll. And I tackle the challenge of relaxing Bavarian style.

Post Scriptum

In the German capital Berlin, the House of Representatives will be newly elected today - as a repeat election. This is because the regional election that took place in the fall of 2021 parallel to the federal election was declared invalid by the Administrative Court due to numerous mishaps - from ballots running hout to polling stations closing too late. Realpolitically less relevant, since no result of the election would change e.g. the majority conditions in the Bundesrat, is a look on Berlin nevertheless interesting. On the one hand, out of sarcasm, since this debacle also fits perfectly with the prejudice that simply nothing works in this city. On the other hand, out of curiosity, since in the end every conceivable party constellation is indeed possible. The extent of my tendency toward the former will depend on the first projection in less than an hour on the latter.

#thoughts #aperçu #good news #bad news #news of the week #happy moments #politics #wanting the best #russia #north korea #stone age #communism #Kim Yong Un #social media #crypto currency #online fraud #nuclear weapons #earthquake #turkey #syria #red wine #cigarillo #constitution #bavarian #berlin #election #humanity #germany #help #cdu