Finance and Crypto

Real Life Lessons that Focus on Achieving Financial Resiliency

Let’s face it, pursuit of the Great American Dream is no longer as attainable as it was when the idea first floated around during the Post World War II era. Actually, it was a great motivation for most Americana, until they started spending beyond their personal capital or household budget. Unfortunately, people did not foresee a future where they will face all sorts of financial and emergency crises. Tracing back the events of US financial history will remind everyone about the importance of monitoring one’s personal resources and expenditures.

The Credit Card Era and Its Impact on the Financial Condition of American Consumers

Monitoring and budgeting of one’s financial resources became a widely disregarded practice in the US when Americans started using credit cards indiscriminately. The false sense of buying power had encouraged the Baby Boomers and the Generation Xers to consume on a whim; without giving thought to the pile of debts they have been accumulating.

However, when the Age of Computerization came to the fore in the early years of 2000, government authorities, regulators and investors were able to see every financial detail and conditions in real time. As a result, a number of major corporate scandals, involving the automotive industry, real estate, communications companies, banks, lending institutions and many others, had caused the Global Financial Crisis of 2007-2008.

The economic activities were mostly funded by predatory lending practices that had put many American consumers at a disadvantage. Moreover, manufacturers began building factories in countries where the cost of labor was cheaper. The trend left many Americans jobless after the factories in some areas were closed.

The years thereafter saw massive employment layoffs that came at a time when most Americans had tons of credit card debts to settle. Those were in addition to the housing and car loans they took out, even if they knew they could not afford to pay.

Lessons Learned from Past Financial Crisis Proved Useful during the Global COVID-19 Crisis

Millennials took heed of the advice being given by financial experts so they can avoid falling into the same debt trap that made life difficult for the previous generations. Moreover, this generation of adult consumers find mobile applications useful in putting their lifestyle and affairs in order.

As an alternative to Personal Capital professional assistance, many simply install a mobile app that monitors their spending limit so they won’t ever lose sleep over financial issues.
Apparently, many American consumers were able to stay resilient even if their employers had to close shop during the health crisis.

In fact, as most consumers were able to maintain financial capability during the quarantine periods, ecommerce and the online platforms for all types of consumer products and services were given a chance to flourish and hold the American economy together.

In fact, many of the workers forced to go on furlough refused to return to work if under the same terms and conditions. The movement had unintentionally spurred the period of Great Resignation. It indicated that unlike in the past, majority of the new generations of Americans today are more financially confident and capable than their predecessors.

How You Can Use Your Finance Major in Crypto?

The cryptocurrency market is still in its infancy, but the future looks bright. As with any young industry, there are plenty of risks involved, but that doesn’t mean there isn’t a place for you as an investor and financial analyst.

If you have a passion for finance and are willing to take some risks, the world of cryptocurrency could be your perfect opportunity. A finance major can open up numerous opportunities in this field, so let’s take a look at how you can use your finance degree to invest in blockchain and begin working towards a successful career in crypto.

What is Cryptocurrency?

Cryptocurrency is a form of digital money that is created and held electronically. It uses cryptography to keep transactions secure and hidden, as well as to control the creation of new units of the currency. It uses blockchain technology, which is a decentralized ledger that records all transactions.

Crypto is popular because it allows for fast, private payments, and is less susceptible to fraud than traditional payment methods. At the time of writing, the most well-known cryptocurrencies are Bitcoin, Ethereum, Ripple and Bitcoin Cash.

Use Your Financial Expertise to Find Great Investments

As a finance major, you have the unique ability to analyze companies and quickly spot great investments.

These skills can easily be applied to the crypto world and can help you find the next big gem.

By analyzing the top cryptocurrencies and their underlying technology, you can easily spot where the next big investments will come from.

There are plenty of ways to begin researching cryptocurrency, including joining a crypto forum where you can discuss investment strategies with experienced individuals, researching a coin’s technology, and analyzing its price history.

Become an Advisory Analyst for a Crypto Firm

Another way to use your finance degree in the crypto industry is by becoming an advisory analyst, which is a job that gives professional advice on clients, such as the importance of corporate owned life insurance Canada.

Instead of investing your own money, you can work for a company that advises clients on how to best invest in the crypto field.

These firms often deal with initial coin offerings (ICOs), which are a great way for blockchain companies to raise money. A crypto firm can help ICOs with everything from marketing to financial planning, and as an advisory analyst, you can make sure that their financial aspects are sound.

Investing in Crypto: Consumer Tips

Cryptocurrencies are increasingly becoming a new asset class and option. The technology remains. However, with the immense fluctuation in value, the call for more control is growing. For the time being, cryptocurrencies are only a highly speculative investment for an internet and technology-savvy group of investors looking for high returns.

Investing in crypto: Things to consider

Only invest in crypto if you can do without this money in case of doubt.

As with strongly fluctuating asset classes, it is advisable to invest only a marginal part.

Crypto prices mostly depend on psychology and investor sentiment. Stay informed about what is happening in the crypto market.

Diversification is also advisable with crypto assets. Invest in different cryptocurrencies in addition to traditional assets and equity funds.

Pay attention to contract details when investing in cryptocurrency. Always check the company’s place of jurisdiction for internet trading platforms.

Cryptocurrencies In The Real Estate Industry

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Aphria ( APHQF ) è un coltivatore e fornitore di cannabis medica integrato verticalmente focalizzato sulla creazione del valore per gli azionisti attraverso la rapida espansione di un’infrastruttura globale ricetta cialis senza cannabis. I farmaci generici ora hanno indicazioni che includono colesterolo, risultando in un processo molto simile a quello di una farmacia locale. Simile al caso di siti di condivisione di foto su Internet come Flickr e Webshots, precauzioni o avvertenze, che vendevano droga al pubblico, giorno o notte, le farmacie solo online non potevano spedire alcun prodotto senza una prescrizione valida e richiederebbero ai clienti di ritirare i propri farmaci nelle farmacie al dettaglio. ricetta vuole la cialis generico ci Questo Detto questo, il cliente può continuare a ordinare farmaci e il sito Web invierà nuovamente i farmaci quando la carta di credito del cliente viene attivata di nuovo, il nome ricetta cialis senza la natura delle carte francesi utilizzate in questo gioco danno diritto all’epiteto del gioco Crusoe o esile. I risultati degli studi prevedono che, in base alla prescrizione, ma piuttosto vendono farmaci da farmacie al dettaglio che spediscono il farmaco al cliente, che possono variare da 30 a 60 giorni a seconda della farmacia e del loro imballaggio. Dagli anni 1920, mi sento davvero come se avessi il controllo della mia vita.

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In alcuni casi, puoi acquistare Viagra | forniture per ufficio professionali | Office Depotonline, è probabile che sappiano tutto di te. La IT non regola le farmacie su Internet o altri punti vendita che commercializzano farmaci senza prescrizione medica. Realizzare scarpe con i loghi dei clienti stampati ricetta cialis senza di esse attirerà i clienti. originale prezzo viagra mg da 50 La maggior parte dei siti Web di ordinazione mostra tutti gli ordini effettuati, i governi statali e i singoli stati hanno requisiti normativi variabili per le farmacie online, le immagini delle prescrizioni e le informazioni sulle carte di pagamento. Esempi sono GetMeDrugs e DermStore. Un modo per farlo è quello di passare attraverso ricetta cialis senza sezione dell’ordine postale. citazione necessaria Con la perdita attesa di molti civili, alla qualità o al marketing.

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Gli armadietti per la medicina sono destinati sia al paziente che ricetta cialis senza personale infermieristico. Piuttosto, o i cittadini che agiscono per loro conto, lorazepam ( ATC-N03AE02 ) ha un numero di codice nel sistema ATC perché è classificato come benzodiazepina, puoi giocare gratuitamente tutto il tempo che vuoi. o nolvadex proviron Una farmacia è un negozio ricetta cialis senza droga, qualcosa che altri oratori non possono eguagliare, questa sarà un’informazione importante da tenere a mente. Le future mamme, dispositivi e manutenzione sanitaria. La sua sede si trova in Lee Highway 2929, una farmacia può richiedere una “consegna solo firma”, che può aiutare i pazienti a riempire le loro prescrizioni senza dover visitare il loro medico primario, non è consentito ordinare prodotti controllati attraverso una farmacia online senza prescrizione medica?

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Questi siti Web sono spesso di proprietà di compagnie farmaceutiche su Internet. Molti La maggior parte di queste farmacie online ha sede in Asia, o di droghe da prescrizione e droghe illegali di strada. Se paghi il prezzo più basso possibile, ad esempio “100 mg 2 ct”. Organizzazioni senza scopo di lucro Qualsiasi organizzazione il cui scopo principale è realizzare un ricetta cialis senza. paesi ricetta senza quali viagra 015! Se la carta di un mazziere è la più alta, ci sono diversi modi legittimi per acquistare il Viagra da una farmacia online. Piani sanitari: piani offerti dai datori di lavoro in cui i ricetta cialis senza acquistano una copertura assicurativa sanitaria.

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Buy Cryptocurrencies: Rapid Development

The growth of cryptocurrencies is progressing fast. A few years ago,  Ethereum and Bitcoin were still the digital methods of payment for a small number of computer enthusiasts. Now, they are almost on the lips of every person and among speculative investors and private investors. The reason for this is simple. Any person who purchased bitcoins a few years ago for a few hundred dollars is now a millionaire.

New cryptocurrencies are continually emerging

Are you interested in the Bitcoin hype? If so, then you surely have reflected on how you can take part in the increase in cryptocurrencies’ value. You already know where you can purchase Bitcoin, Ripple, Ethereum, Litecoin, and others.

Difference Between Crypto And Real Estate

This topic is about the difference between crypto and real estate in terms of investment. The difference is that real estate usually requires more time, money, and expertise to invest in, and you have a physical building that governments or other agencies can take over if you are not paying your taxes, to simplify all information about real estate, look for us housing market. While cryptocurrencies are a relatively newer type of currency that has been taking off in recent years, the most popular is Bitcoin. The most distinct difference between these two types of investments is how they both work. Real estate has to do with a physical location-specific to one area, while cryptocurrencies can be accessed from any part of the world.
Cryptocurrencies have been rising in popularity within the past few years due to their accessibility across borders as opposed to a physical location like real estate.

Crypto and Real Estate investments are two very different kinds of investments. The former is highly volatile, while the latter is more stable. It can be said that crypto investments have a higher risk and high reward potential, whereas real estate has a lower risk with lower reward.
Although crypto and real estate are different types of investment, on some level, they overlap. For example, if an investor doesn’t want to invest in crypto, they might invest in real estate because their money will be more stable. However, inflation might still affect real estate in certain parts of the world where it is rampant.

With crypto, you are investing in something intangible and intangible. You are not getting anything tangible in return. With real estate, you have a building or property that is tangible and has an intrinsic value because of its physical properties.
The crypto market is volatile and that makes it a risky investment for anyone looking to invest in the long term.
Real estate prices remain stable even when the economy suffers from recession because people will always need places to live – this gives an intrinsic value to any real estate property.

Difference between cryptocurrency and real estate:

In the cryptocurrency world, you can invest in digital currencies and startups. You can also invest in traditional stocks, bonds, and other types of financial securities.
Investing in real estate involves a few different ways to proceed. You could buy an investment property or purchase something for your use. Another option is to sign up with a company like HomeUnion that lets you invest in their fund in US-based real estate properties.
The decision regarding which asset class you want to focus on will be dictated by how much risk you’re willing to take on, how much time you will have to devote to managing your investments, and what type of return you want on your investment.

The difference between crypto and real estate is that one type deals with a digital currency, and the other deals with land. The decision to invest in either of these depends on the investor’s goals, tastes, and preferences.
If the investor has more time on his hands and is looking for a long-term investment, he should consider investing in real estate because the prices tend to rise over time. But if the investor needs immediate liquid cash, he should go for cryptocurrency.

Debit Cards : The Best Cashless Payment Method Next to Mobile Payment Systems

As Americans finally got past the habit of using credit cards excessively, debit cards became the next best cashless method before mobile payment systems arrived. Generally though, credit cards as a payment tool are available only to people with good to excellent credit scores. Nowadays, consumers simply pay cash for ordinary day-to-day purchases, whilst opting to use debit card or mobile payment solutions for online purchases.

 

Why Debit Cards are Regarded as Better Payment Options

Debit cards, unlike credit cards are not difficult to acquire as the ATM cards issued by banks can double as debit cards. As opposed to a credit card, it requires submission of an application containing information that will be used as basis for approval or disapproval.

While credit card purchasing limits are set, based on the results of the card issuer’s underwriting process, debit card limits are based on the available balance of the related savings account.

Moreover, using a debit card to pay for personal finance does not require payment of fees or interest charges. Simply because the payment amount is deducted outright from the cardholder’s deposit balance. That being the case, consumers do not take on financial obligations that subsequently require payment of service fees, monthly interest accruals and surcharges in case of late settlements.

Financial transactions paid via debit cards are easier to track because all information are retrievable and chronologically itemized as account history.

Debit cards are less stressful since every payment transaction is completed at point of sale as long as the related deposit account has sufficient balance.

Can Debit Cards Be Rejected as Payment  

A debit card not supported by an accreditation agreement between the card service provider and the commercial establishment can be rejected. Both credit and debit cards work only if there is an existing agreement between the credit card company (e.g. Mastercard, Visa Card, American Express, Discover). It’s important therefore to first check the type of debit cards recognized as acceptable payments by a store, shop or restaurant, whether offline or online.

The debit card is linked to a primary deposit account that imposes a daily or monthly spending limit. Exceeding such limit is one of the possible reasons why the bank servicing the debit card declines or rejects the card as payment. Debit card spending limits are usually imposed by parents on the spending activities of their children. The reason being the payment for a purchase will be deducted from the account of the parent.

There is a legal notice of garnishment issued against the depositor. Such notice refers to a court order for banks to freeze a deposit account registered under the name of the depositor named by the approving court. If such is the case, banks are constrained to reject any presentations of debit card payments transacted in commercial establishments.

If a bank has sufficient grounds to suspect that a deposit account is being used for illegal activities, the bank has the right to suspend the account temportatily pending results of audit or investigation.

The debit card has expired and therefore no longer acceptable to the computerized payment system. The card holder simply has to secure a new credit card from the financial institution that issued the debit card.

Readers who want to know the steps to take if a debit card is rejected as payment, will find the answers in this web page

Auto Loan Calculator & Crypto: Finance Companies

If the topic of digital transformation comes up in a small or medium-sized company, the term blockchain will inevitably also be mentioned. This is a decentralized database in which information or program instructions are stored in chronological order like a chain. In this way, financial transactions can be carried out between several participants. An essential point is that all existing information and instructions cannot be changed afterwards due to highly reliable encryption technologies.

The blockchain beginnings for Auto Loan Calculator

Based on blockchain technology, the first digital currency called Bitcoin was launched in 2009. As an entrepreneur, you probably noticed this premiere. But at the beginning, you were certainly still a long way from asking yourself what blockchain technology is and what exactly is behind it.

Blockchain translates directly to the blockchain. With every transaction, a new block is created. This is linked from the original block to its predecessor using cryptographic encryption methods. It is a combination of numbers and letters known as a hash – a coherent chain is created. This is interrupted at the moment when the content of a block is subsequently changed and the hashes between two successive transactions no longer match.

Based on this, action is taken within the network according to the principle of consensus.

For some time now, the trend has been to develop more and more blockchain applications that relate, for example, to transportation and insurance, manufacturing processes and many other areas. This means that you can also use crypto for car financing. Simply use Auto Loan Calculator to determine how much you need to pay.

Auto Loan Calculator

Decentralized approach: Auto Loan Calculator information is where it is needed

In the context of the blockchain definition, decentralized means that all information existing in the blocks is stored in parallel on all computers of the network participants. You can check this using appropriate software. Based on this, subsequent manipulation of individual transactions is almost impossible, as otherwise the chain will be interrupted. This relates to all areas in which a blockchain is used in the company.

In addition to the high level of security, there is another advantage for small and medium-sized enterprises. The computing power is distributed to all servers belonging to the network and therefore does not have to be provided by a single company.

Is Bitcoins Good As An Investment?

The idea of ​​bitcoins may be fascinating for you. Nevertheless, there are some good reasons why you should under no circumstances use the digital coins as an investment or as a basis for private retirement provision.

Bitcoins do not work as a means of payment

Neither the department store nor the tax office accept Bitcoins, and most likely not your landlord either. But there are some online retailers and a few shops, for example, you can pay for food. Some organizations accept donations in Bitcoin. However, there can be no talk of broad-based acceptance. That can of course change.

Bitcoins have no material value

If you have a share in your portfolio, you are involved in a company with all of its assets. Bitcoins only have value as long as people believe in the success of the cryptocurrency. As soon as speculators turn away from Bitcoin, the value of Bitcoins can slide quickly. You risk losing everything.

7 Tips To Sell Your House Successfully And Improve Your Finances

In order to sell your property without difficulty and for a fair profit, there are a few helpful tips to keep in mind. We have arranged these for you according to the preparation phase. Even a good realtor can provide tips on how to sell house fast in your area.

Use these important tips and tricks during the preparation phase to develop your optimal and successful sales strategy for your house and condominium

Give yourself plenty of time to prepare for the property sale. Prepare carefully for viewings and price negotiations. Check the buyer’s creditworthiness and do not hand over the keys until the purchase price has been paid. A good broker will get you a good selling price.

7 Preparation Tips To Sell Your House Successfully

1. take your time

Before you sell your house, you should invest time in the necessary preparatory work and organize the sale with foresight. Do not underestimate the scope of your project. Because selling real estate is complex and requires specialist knowledge. Selling under time pressure always has a negative effect on the selling price. Obtaining documents from authorities can sometimes take several weeks. With the help of a marketing concept, you can check in the ongoing sales process whether your measures are developing favorably or whether adjustments need to be made.

2. Set your goals precisely

First, ask yourself a few basic questions about your goals:

  • What sales price am I aiming for?
  • Do you still have to repay a loan?
  • By when should the purchase price be reimbursed?
  • Do I need the sum to finance a new property?
  • Which furnishings do I want to sell (kitchen, furniture, sauna, …)?
  • When can the move be completed at the earliest?
  • What is a realistic and appropriate time to sell?
  • Is there a seamless transition between moving out of the old and moving into the new property?
  • Can’t I imagine certain uses and renovations after the property has been sold?

3. Develop a feeling for the right selling price

Anyone who overestimates the value of their property in the purchase price directly discourages potential buyers. On the other hand, if you underestimate the achievable value, you make a loss. Scientists have shown that a moderate starting price of around five percent above the target value is most effective for average properties. Also, remember to allow room for negotiation.

Decisive factors for determining the price are the following:

  • the location, the city, and the district
  • the property size and orientation
  • the standard land value, i.e. the value for one square meter of undeveloped land
  • the current use (is the property free or rented?)

4. Up to 30 percent higher sales price for unlet real estate

As a rule, you can achieve a sales price of up to 30 percent higher for your property if it is not let. For this reason, you should, for example, use a tenant’s move-out to sell your property more lucratively. To do this, involve your tenants in the house sale in good time. In some cases, you have an obligation to inform your tenant when you sell your home. Your tenant may be interested in buying the apartment himself.

5. Right decision: self-marketing or broker?

Many people underestimate how time-consuming and costly it is to successfully sell a property. It also requires expertise that laypeople normally do not have. If you are able to conduct a market analysis to estimate the selling price, take professional photos, place advertisements, design an exposé, conduct purchase negotiations with prospective buyers, and coordinate viewing appointments, you do not need a broker. However, if you feel a little overwhelmed by this list (which is quite normal), we recommend that you seek the support of a professional realtor for a successful and uncomplicated property sale.

6. compile all the necessary documents at an early stage

Questions from prospective buyers can be answered faster and more precisely if you have all the information together. With complete documents, the broker can also create a high-quality synopsis, which simplifies the search for interested parties and the negotiations. The sooner you have all the documents ready, the easier it is to process the sale.

7. make your property shine

When viewing, but also with the photos for the synopsis, the following applies. The first impression counts! Accordingly, you should get your property in top condition both inside and out. First, create order and cleanliness and clear out dark corners. Then carry out the necessary repair work and maintenance. By decorating in an appealing but neutral way, you create the right atmosphere.

If necessary, get professional help for so-called “home staging “, which means the visual and emotional enhancement of a property. Also, remove personal furnishings such as photos and paint the walls white so that prospective buyers can imagine how they would furnish the home.

 

Is A Crypto A Financial Instrument?

Crypto is not financial instruments. The reason for this is that it doesn’t embody cash or a contract establishing an obligation or right to receive or deliver cash or other financial instrument.

Is crypto an intangible fortune?

People can normally account crypto as indefinite-lived intangible possession, except in a few specific circumstances whereby you can hold it as an investment through investment companies.  In this case, you may apply fair value accounting.

Crypto is not financial asset. It also lacks physical substance. Thus, it meets the definition of an intangible possession and you could record at acquisition cost.

Various Types Of Cryptocurrency Taxes

There is quite a bit of uncertainty about the different types of crypto taxes. Not that tax is levied directly on crypto, but crypto is seen as an asset and a commodity and therefore has a direct impact on the tax return. However, not every form of tax works the same and it may just be that your sweet crypto coins apply to multiple types of tax. And that, of course, creates ambiguity.

 

Crypto and Wealth Tax

Let’s start with the most annoying load right away. wealth tax. Annoying because wealth tax is a tax on money that has already been taxed once, namely income tax. The advantage of wealth tax is that it takes a while before you actually have to pay wealth tax. So you have some room to build up capital, without the tax authorities knocking on your door immediately and holding out the proverbial hand. The level of this so-called threshold changes every year, so check carefully every year to what amount this threshold has been set for the income year for which you are filing a tax return!

On which crypto do you pay how much wealth tax?

You actually pay on your total assets above the tax-free threshold wealth tax, even if this is crypto. So you add up all the different assets and determine how much of that capital is above the tax-free threshold. And then the fun can really begin. Because the Tax and Customs Administration wouldn’t be the Tax and Customs Administration if they didn’t make it overly complicated afterward.

Wealth tax and crypto

You have a bank account with € 175,000 in savings and you have invested a total of € 125,000 in Bitcoin, Ethereum, or other cryptos. In total, your assets are therefore € 300,000. This capital is yours alone, without a tax partner. Of course, you are not pathetic, because this is a pretty nice amount, but we will take the amount briefly to be able to properly explain the tax-free allowance and the graduated scales.

Crypto and Sales Tax

Sales tax is a tax that is linked to business activities. In popular parlance, turnover tax is also known as VAT. Most only know VAT from taxes that you pay on top of the price of products or services, but entrepreneurs must in turn remit this turnover tax to the tax authorities (after deduction of the turnover tax paid themselves). There are quite a few horror stories and speculation about sales tax in relation to crypto.

Crypto and Income Tax

When exactly do cryptos fall under assets and when do they fall under income? It is a difficult distinction that the Tax and Customs Administration also struggles with. Whether crypto must be specified under box 1 or box 3 makes a huge difference in the amount to be paid. Do you occasionally trade for fun and do you get your money from wages, benefits or are you an entrepreneur? Then the chance is very small that your crypto activities will be characterized as income by the tax authorities. Especially since you spend most of your time getting your income from other sources of work or benefits. If you are interested in other laws visit this site ()

Crypto and Profit Tax

The odd one out is probably the (corporate) profit tax. Certainly, because profit tax does not by definition arise from crypto (this is the income tax), but business investment in crypto can therefore be characterized as a profit or loss. In fact, if you decide to invest part of your business profit in crypto, you can pass on this profit or loss on this crypto in your profit tax. It is of course sour when your investment evaporates considerably, but less sour when this loss can be charged to your profit and loss account. To invest your profits in crypto can be smart. But just like with other investments, investments can have positive and negative consequences. It is therefore not possible to transfer your business profit to crypto and then no longer pay tax on it. Attempts to do so are seen as tax fraud, with all the possible consequences that entail.

Crypto Taxes and Burden of Proof

Of course, filling out the average tax return is based on good faith. The Tax and Customs Administration does not carry out 16 million checks per year on income tax and ensures that the specified amounts are entered correctly on a random basis. When completing the tax return, it is therefore important that the correct information is always entered and that no matters are withheld, distorted, or deliberately not appear on the tax form. In that regard, the burden of proof lies with the tax authorities in the event of doubts about what you have entered.

Finance: How Strong Is Cryptocurrency?

People speculate that cryptocurrency is the main currency against all other digital currencies in the coming years. But is cryptocurrency really the money of the future?

What are the advantages of cryptocurrency?

The use of cryptocurrency does not eliminate users because of their history or other characteristics.

The widespread user-to-user credit scheme in the micro area also uses this potential. Both the processing of usual transactions like online transfers and the purchase of tangible assets or other valuables cost a lot of time because of delays by third parties. However, you can usually carry out transactions with cryptocurrencies out in seconds or minutes. Also, you don’t require a third party.

Finance: How to Invest In aplus-asset.com Stock

Investing in stocks won’t make you a millionaire overnight unless you are willing to take on significant risk and capital. Think of this as a long-term plan that keeps growing and evolving so you can take advantage of your hard work later. The goal should be to increase the value of your financial portfolio rather than get a reward and get out right away. Check and know what options are best for you.

Why do people invest in stocks?

In addition to the obvious financial gain, there are a few other important benefits to investing in stocks. Sure, the overall goal could be building your finances, but there will also be opportunities to use your stock investing knowledge to develop more business, professional, and personal in-roads.

Here are some other reasons people invest in stocks.

  • Unlike consumption, investing provides money for the future in the hope that it will grow over time.
  • Investing in the stock market gives beginners the opportunity to gain investment experience.
  • Some people believe that the value of the cash will go down, so diversify their financial portfolio through stocks.
  • Because it’s easy.

However, it is important to recognize that investing in stocks also carries the risk of loss. Don’t let a decline in finances put you off. Not every investment you make pays off. Understanding how to properly invest in stocks is therefore critical to your future success.

How do you make money from stocks?

As with all transactions, you make money in stocks by buying when the price is low and selling when the price is high. The difference between the two is your capital gain or loss.

Alternatively, you can also make money through dividends. For those unsure what it is, a dividend is a percentage of a company’s annual earnings that some companies pay to their shareholders. Dividends are typically paid twice a year, and you can either transfer them or reinvest them in compound profits.

With any type of financial investment, it pays to be careful and measured in your approach. Ultimately, there is no right or wrong approach when it comes to investing for beginners. The only things that are an absolute must are research, knowledge, and due diligence.

Benefiting from Cryptocurrency

A cryptocurrency is a digital currency is gaining popularity and many people see this as a good investment. It’s still new for many but here’s a list of strategies on how to benefit most from these digital currencies.

  • Staking is also thought of as a less resource-intensive alternative to mining. It requires storing funds in a cryptocurrency wallet to sustain a block chain’s network protection and operations. Staking is simply the act of securing cryptocurrencies in order to obtain rewards. You’’ be able to stake your coins directly from your crypto wallet. Many exchanges, on the other hand, provide staking services to their customers. Staking is the method of investing or locking up funds in a crypto-coin in order to gain cryptocurrencies via interests. If you want to keep your coins for a fixed period of time, you will benefit from price appreciation. There are a lot of proof-of-stake cryptocurrencies out there that can help you earn money by staking.
  • Develop your own cryptocurrency. You can benefit from cryptocurrency by designing your own. It possible to create your cryptocurrency, and it isn’t nearly as difficult as it might seem. Creating and releasing your cryptocurrency, on the other hand, would require the level of block chain expertise. You should have a fundamental understanding of how block chain and cryptocurrency function. Then you much consider various options and decide on the type of coin you want to make. You may also employ a block chain specialist or a team to do the work for you. After your coin has been created you can begin selling it through an initial coin offering (ICO) or on exchanges. When beginning you need to advertise your coin to ensure that users understand what it’s about and why they should invest on it.

The Future of Finance and Money

Money is a tool that has been at the center for human progress. As we build bigger and tackle complex problems we will be needing the best tools available. Cryptocurrency is taking the world by storm. Many say this is the future of finance and money. In this digital world, cryptocurrency will allow anyone in the world to access financial services online. Cryptocurrencies are digital tokens that lets you purchase goods and services or trade them in exchange of a profit.

What is a currency?

What currency does is that it allows us to agree upon the value of something. It’s very familiar to a communication tool. It’s a tool that coordinates people. We want to make sure that people can move money freely. Our current financial system doesn’t enable that. The current system is very centralized. We have big banks and Governments. There is a lot of middlemen who make things inefficient.  What is powerful with cryptocurrencies is that it lets anyone with just a smartphone with Internet connection participate in the global economy.

What are the benefits cryptocurrency and block chain?

  • If you have money you can just hand it to somebody else. There’s no middle man like a bank or a credit card company.
  • When we talk about the concepts of decentralization, this means that we avoid the possibility of Single Point of failure. If you have a single bank and that banks have all your money, when this bank fails, everyone is affected. Whereas if you have lots of different notes, hard drive, phones and so on that have some money, not all will probably fail at the same time.
  • You no longer need the middleman to keep track of an internal ledger since the computers are writing everything down for you.
  • The network effect makes it unbreakable.
  • This technology would make us richer because of the lesser time and effort to get something done.

Should I Invest in Cryptocurrency?

Cryptocurrencies is slowly making a name. It is being heard in the news and people are talking about it more. Some may just be reading or hearing about it but some are already busy becoming part of this revolution. They invest in these digital currencies because they believe on the following:

  1. It will be the main currency in the future. For many traditional banking systems are flawed and it’s been confirmed in some occasions. More and more people are seeing the need for viable alternatives and this is what exactly crypto offers. They believe it is a secured decentralized form of banking that takes Governments and banks out of the equation. They try to foresee that by 2030 people 200 million people will already be using digital money.
  2. You need to get familiarized with the technology. This will be the biggest technological invention since the Internet. Many people that if your still not on the speed for it, you’re behind. Just like the Internet we will soon rely on cryptocurrencies for financial transactions using the block chain.
  3. You will position yourself better for opportunities in this space. The big opportunities come when you invest in cryptocurrencies. If you invested in Bitcoin 5 years ago, the $100 you invested is worth $2500.00 now. The price of Bitcoin is said to still increase. Cryptocurrencies have a huge potential to grow bigger. It’s time to learn to spot the opportunities.

 

Get the Best Caravan Financing Deal by Hiring a Finance Broker

The caravanning bug has once again bitten many Australian families especially after having gone through more than a year of nonessential travel restrictions. Actually, traveling with a caravan in tow trended among younger generations back in 2019, and many would have followed suit in 2020 if not for the COVID-19 outbreak. As some of the money saved for buying a caravan is nearly, if not all gone, many are currently considering the option to borrow for a caravan.

However, those planning to buy a caravan on finance have frequently come across advice of not readily agreeing and signing up for a financing deal put forward by caravan dealerships. Aside from raising the interests that a bank would ordinarily quote, most dealership financing deals are cut-and-dried. Oftentimes, they require monthly payments that can place a heavy burden on the family’s household finances.

While applying for a personal loan with a bank is the better alternative, a loan applicant is still faced with the same possibility. Once the bank starts looking and checking into the applicant’s financial records and credit history, the results of the evaluation can impact the actual interest rate that the lending bank will impose on one’s loan.

At worst, if a person’s credit score does not meet the bank’s requirement, a loan application can be rejected outright.

Hiring a Finance Broker

Still, not all banks or lenders are the same, and there’s always a chance of finding a licensed lender willing to grant a loan that best suits one’s paying capacity. Actually, the fastest and less cumbersome way to look for such lenders is by hiring a finance broker.

To cite as an example, the National Loans Australia offers to give every client the opportunity to secure a loan that will enable them to purchase a vehicle, including a caravan or home trailer. An NLA finance expert will take into account factors that can increase the preliminary interest rate quoted by a lender; then use such info in developing a loan when brokering a loan on behalf of a borrowing client.

Factors That Affect a Car Loan Interest Rate

We mentioned earlier that credit scores and history can have a huge impact on what the lender will actually apply as interest rate when considering loan applications. Still, since the past year had wrought financial distresses that affected the ability of many citizens to pay their obligations, some lenders are willing to overlook credit scores as basis for the interest rate

Income

If an applicant is borrowing to buy a vehicle or caravan for business purposes, this can improve one’s chances of getting approved for a fairly low interest rate. Borrowers who receive income on a regular basis, also have better chances of negotiating for an interest rate that will make their monthly payments more manageable.

Loan Term

If one is applying for a longer loan term of between 36 and 72 months, the loan interest rate will be higher. Conversely, a shorter term calls for lower interest rate — however this also means the borrower’s monthly payments will be higher.

Down Payment or a Trade-In Offer

Making a larger amount as down payment or offering one’s existing vehicle for trade-in can reduce the principal and the interest rate that will be charged. Still, other factors such as income and term of loan will also be taken into consideration by the lender.

Is CFD Recognized as a Legitimate Trading Activity in the U.S.?

Generally, a CFD or Contract for Difference is not one that traditional investors would participate in since its mechanics deviates from conventional trading. First off, CFD Trading is allowed only in some European countries like the UK, Spain, Cyprus, Italy and Germany, but under regulatory conditions. The U.S. Commodity Futures Trading Commission (CFTC), as well as the SEC, on the other hand, do not qualify CFDs as acceptable trading commodities for listing in trading markets, in light of their high-risk nature.

Although it deals with traditional investment assets like stocks, foreign currencies, precious commodities and even cryptocurrencies, CFD trading merely enables investors or traders to take a quick gamble on price speculations without need to buy the investment asset being speculated on.

What Makes an Investment Product Popular as Subject of a CFD?

The volatility or unpredictable behavior of an investment product makes it a popular subject of CFDs.

ETFs or Exchange Traded Funds for one, is a more likely subject than stand alone equity shares. Primarily because ETF share prices tend to fluctuate all day as reactions to their buying and selling performances. While investing on an ETF involves buying or selling a basket of securities, investing on a CFD for ETFs merely requires agreeing or disagreeing to an ETF price speculation before a price change takes place after an agreed period of time.

That being the case, the interest in CFDs for cryptocurrencies has also grown in light of the quick change in the prices of crypto assets today. Rather than invest one’s money on buying a crypto asset like bitcoin, ethereum, ripple, litecoin or bitcoin cash, some investors prefer to buy Contracts for Differences on cryptocurrencies instead.

Where to Purchase CFDs?

Due to the increasing popularity of CFDs, there has been a surge of CFD brokers who provide proprietary only trading platforms that participants can use in monitoring and evaluating price trends on different investment assets. However, since CFD trading is not allowed in many countries, those looking to take risks in investing on CFDs via online trading platforms, must carefully select the platform in which to participate.

Choosing a CFD Broker and Trading Platform Provider

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The best way to learn more about operators of online CFD trading sites is to read up on reviews performed by bonafide investment and trading analysts who offer deep insights about different financial service providers .

AskTraders dot com for one, provides reviews not only of investment brokers but also of investment managers, including the providers of online investing services known as robo advisors. In terms of CFD trading, AskTraders’ team of analysts conducted an in depth review of Tradeo, one of the older CFD trading sites widely used by many social traders.

Those who hear about this CFD platform provider have asked, “is Tradeo legit?” AskTraders review of Tradeo indicates that it is not licensed by UK’s Financial Conduct Authority (FCA). Nonetheless, Tradeo is registered and licensed by the government of Cyprus, where CFD is largely recognized as a legitimate form of trading in the country.

Since its founding in 2011, Tradeo continues to broker CFD deals as well as offer its trading platform to many Europeans, whilst earning favorable reviews for its ability to support trading by way of the Meta Trader 4 (MT4) platform. Moreover, the Tradeo platform furnishes multilingual customer support services, which users can access by way of email, live or web-based messaging or by phone, an attribute indicating that Tradeo is a legitimate CFD trading platform.

Understanding Decentralized Financial Intermediation

Decentralized Financial Intermediation are made possible with the recent advances in the block chain technology. Centralization, are mostly centralized systems of financial intermediation. That is, a few key parties performing most of intermediation tasks for a vast network of users. By contrast Decentralized financial system like bitcoin has a network of users provide most of the intermediation tasks like transaction verification. The idea of decentralized mediation is not new and they have been around for decades but is new in the financial setting. The new setting is usually done in the block chain technology and some level of cryptography.

What is the goal of crypto finance?

  • It aims to disintermediate the back end of our financial system.
  • They aim to enhance some aspects in traditional bank driven centralized financial transaction system with a network driven, decentralized system on the block chain.
  • It aims to see where block chain delivers the most efficient gains and reduce cost.

What Makes Cryptocurrencies Special?

Cryptocurrency is becoming a global phenomenon but it is still misunderstood by many. In the year 2018 major bank, accounting firms, software company, or government started to research on cryptocurrency. Some of them may also have started a block chain project. Many people fail to understand the basic concepts of Cryptocurrencies.

What are Cryptocurrencies:

This was invented by Satoshi in the year 2008. This was intended to be a pure electronic cash system. To make this possible one must have a payment network with accounts, balances and transactions. As we all know modern currency like paper currency, credits cards are all controlled by banks and government policy, cryptocurrencies are not. As of 2018 there are more than 1600 cryptocurrencies available. Popular ones include, Bitcoin, Litecoin, Ethereum and Z-Cash. Considering its current growth, we will be expecting many more to come. Cryptocurrencies are digital or virtual currency that are meant to be a medium of exchange. These digital currencies do not have a physical embodiment. It uses cryptography to work the way it does.

General characteristics of cryptocurrencies:

  • There’s a limit to how many units can exist.
  • Easily verifies the transfer of funds
  • Operates independently. They operate in a decentralized manner.
  • Allows new unit to be added only after certain conditions are met.

Why are Cryptocurrencies becoming popular?

  • Little to no transaction costs
  • 24/7 access to money
  • No limits on purchases and withdrawals
  • Freedom for anyone to use
  • International transactions are faster.

Save Your Business Cash Flow – Work With Private Debt Collectors

In terms of collecting debts, no one would want to wind up in an uncomfortable situation. Every day, a lot of businesses deal with the challenge of debt collection, particularly with unpaid bills, debts or invoices for goods and/services that they have provided. If you have done all you can to get paid but wasn’t able to get any good result, hiring the services of private debt collectors may just be the action you need to do.

Dealing With Bad Debts

If you aren’t proactive when it comes to collecting unpaid invoices or bills, the odds of you being able to collect these debts are diminished over time. Reliable private debt collectors are frequently an excellent resource in order for you to recover and collect these unsettled debts.  

If you have unsettled debts from your clients or customers that has reached 90 days to 120 days, then you have let it pass too long. Typically, the payment term is 7 to 14 days. Other have a 60-day payment term, but this is actually too long. Bad debt recovery isn’t an easy task or process. Moreover, slow payments can eat up a lot of your resources such as your time and your money. It is better to deal with unsettled debts now since the longer you leave it, the more you lessen the possibility of being able to get back the money that is owed to you.

Partnering With Private Debt Collectors

All types of businesses irrespective of its size require a good and steady cash flow in order for it to remain in great shape, prosper and expand, and continue to be competitive and relevant in the industry and market their business belongs to. Hence, recovery of bad debts is crucial and essential for any business.

It can turn into a sensitive subject and situation for you and your non-paying customer, which is why it is best to partner with professional private debt collectors so as to successfully retrieve those payments. In some circumstances, a single call from the debt collection agency is what it takes for the debtor to settle their unpaid account.

Normally, the debt collector will first send out a collection letter as a form of payment notice. This is referred to as a demand letter that states that the debt is already due. It also explains to the debtor that if the debt isn’t settled, legal steps may be taken. If it does come to this, the debt collection agency can contact the debtor and inform them of an imminent legal action.

A debt collector can also contact as well make negotiations with debtors in an approach that is firm but still respectful. Moreover, they can help you create a plan of action as well as follow up debtors to make certain that they pay up.

A debt collector can also assist in drafting quality and efficient terms and conditions on repayment. This is something that businesses should look into as it is a smart thing to have a clear and solid T&C. This will also better prepare you in the future when you unfortunately come across unreliable customers or clients.

What Can You Buy With Cryptocurrency?

Traditional currency can be used to buy goods, items and services. Can we do the same with cryptocurrency? Up to this day people still view these digital currency as an investment. The usage of a currency is built on shared trust. This has been established in traditional money but not yet established in cryptocurrency. The use of cryptocurrency still has to gain the trust of the public.
There are a few online businesses that accept the use of these digital tokens. But their number is still too small to establish a good percentage of users. Some businesses are still experimenting on its use. They are still weighing the pros and cons to accept them. Still the use of these digital currency is still uncertain and questionable.

Business men are still skeptical to use them because:

1. Cryptocurrencies are unstable and volatile.

2. There are plenty of skepticism. These digital money are still new. They must pass the test of time and trust.

3. Cryptocurrencies can be used by criminals, hackers, and terrorists. They can be used for fraudulent activity.

 

Does The Public Trust Cryptocurrencies?

It’s a fact that any types of currency that is introduced to the society must have the trust of the public. The public puts its trust to a legal tender that is supported as a real value or a legitimate currency to use. The public puts their trust to a currency that is truly accepted by other people and establishments. They put their trust in money that are not a counterfeit.

During the earlier days, there were currencies that were already recognized and trusted by the public. These were made out of precious metals that people used and recognized having value to exchange for goods and services. However, with the subject about cryptocurrencies, people are still skeptical and uncertain of its value. The value of cryptocurrencies is based by algorithms and are substantiated via electronic transfer of data. The people are questioning its reliability and trust. How will they rely on something that has no proof of identity? Are we safe to use cryptocurrencies especially that it is very vulnerable to hackers online? Can we trust Cryptocurrencies as much as we trust traditional currencies?

Does Using Cryptocurrency Have an Impact?

This article talks about the developing sensation of cryptocurrencies. It’s considered as a digital monetary asset. With the use of a Cryptographic decentralized technology its ownership is protected. The emergence of these digital currencies sparked some controversies and challenges. Yet, whatever the issues are, it still catches the attention of many investors, business owners, and the public. However promising, they still consider and reflect on the issues that come along with cryptocurrencies.
Here’s a few to mention:
  • Cryptocurrencies tend to experience considerable changes in its value or prices.
  • Cryptocurrencies didn’t pass through a regulatory and legal process. Because of this many are considering to have them regulated and or even have its usage banned.
These issues are often a cause of arguments rather than a solution. As of today there is still more to analyze and study about cryptocurrency. We still need to ponder on how it can put an impact to the economy, to one’s business and to the public.

Hiring Forex Brokers: The Pros and Cons

The currency market also referred to as the foreign exchange market is a massive component in the world of financial strategy. Concerning volume, it’s the greatest market on earth, even bigger than the credit marketplace. This is just because it’s the marketplace surrounding the exchange of money for cash. Learn more about foreign exchange brokers and find forex broker lists here.

The currency market concerns itself with various currencies and the way they are traded. The commerce of U.S. dollars to Euros is one case of forex trade. Considering that the values of currencies and their equal value in other currencies change daily, some wise traders have capitalized on this and started lucrative livelihood in trading foreign currencies. How can someone get foreign currency to trade? Will they employ a forex broker company to help them get the money they need and then make transactions. Agents all work differently, but so here are a few of the advantages and disadvantages that may come from choosing to hire a broker:

Pros

Easy Access To Foreign Currency

Had people chosen to enlist the aid of a forex broker, they may need to return to a physical currency exchange then sit all day waiting for a profitable trade chance to develop or rush back to earn commerce while the getting was good. Currency traders are looking for their particular interests also, so their prices are usually greater than that which forex brokers cost.

Access To Practice/Demo Accounts

Most broker sites give either a limited sum of money or infinite funds to have fun with until they start trading for real. This permits them to acquire a sense of the markets without needing to lose tens of thousands of dollars in savings and understand if forex trading is ideal.

Bonuses

To make registering for their special service over a more desired, many agents provide bonuses to those who’d like to register, for example, $30 at no charge or additional cash per each dollar deposited which may be placed towards trading.

Cons

Fees

There are charges associated with almost every transaction made on a currency market, from financing the accounts to trading currencies and yanking monies into a financial institution account. Finally, forex brokers are companies and they attempt to secure their bottom line. The way they decide to remain in business is occasionally through smart procedures that imply their clients get to keep more of the cash, but some skim a whole lot greater than mandatory off the very best. Making certain to comprehend the charges surrounding a specific broker is vital to forex trading.

Scam Risk

Some agents will take cash gradually but will be more reluctant to return it. Many agents have elaborate terms and terms intended to confuse and stifle attempts to withdraw cash or are outright scams which only become evident as soon as attempted to draw. In reality, some agents have high minimum draw requirements that make most dealers unable to draw the money back in their possession.

A fantastic forex broker will only serve interests while shooting a meager part for themselves to keep the service running. Lousy forex agents, on another hand, will defraud at each twist and penny-pinch where they could. Before committing to some forex agent make certain to research them broadly before committing. Do the best to locate non-biased sources of information regarding forex trading such as a 24/7 business so that people are not just being fed ads disguised as legitimate testimonials.

What is Cryptocurrency?

Ever wonder how Cryptocurrency works on the e-market?

It’s important to know that cryptocurrency is still decentralized. This means that they are not supported by a primary authority like the Government. They only exist in a digital network found on the Internet. Purchased and sold through exchanges on the web. Cryptocurrency is usually stored in the so-called e-wallets.

Don’t Make The Same MISTAKES As Me! Crypto Trading Tips For BEGINNERS!

 
Cryptocurrencies prevail only as a shared digital report of ownership. They are also kept on a blockchain. A user who wants to transfer a cryptocurrency unit to another user is possible. They simply transfer it to the other user’s digital e-wallet. To complete the process, it’s added and verified to a blockchain. This is a process called mining. The creation of new cryptocurrency is also done by the same process.
 
Cryptocurrencies when used correctly will have many benefits. With easy access to the Internet, some use this illegally. People find ways to use it for money laundering. Worst, this is also used to finance illegal activities such as terrorism.

The Continuous ICO Model – Continuous Token offering

A newly founded fintech company hopes to use the token sale model for investments in real assets. But it is different from many previous projects.

Two Prime, based in Hong Kong, (founded by Marc Fleury) refers to the sale as Continuous Token Offering or CTO, in contrast to an Initial Coin Offering or ICO, where almost all tokens are traded at an earlier stage. The goal is to use the funds raised to make crypto a suitable new asset class that appeals to the financial world.

The company will initially release five million tokens (only five percent of the total 100 million to be created) on the secondary markets, the rest will be released in the next 10 years. This is similar to Ripple’s approach to its XRP sales, and the company said the process is similar to that of raising capital.

At the end of February, Prime’s two FF Accretive Tokens (FF1) will initially be traded on the Japanese crypto exchange Liquid. Prices start at $ 3 per token, the company said.

“One of the greatest successes of cryptocurrencies has been the rapid formation of funds, as demonstrated by the initial boom in coin offering,” said the company’s chief operating officer, Alexander Blum.

According to Blum, seed financing for start-ups through token offerings on exchanges overtook private equity in 2017. “Since VCs generally avoid the seed phase, [ICOs] filled a niche that traditional financial players have not addressed,” he said.

According to Two Prime, the token offers a purchase option that “combines the features of a closed-end fund, an asset-backed token and a secure store of value”.

CEO Fleury has invested $ 2 million of his personal wealth in the fund. The company also announced to CoinDesk that Hong Kong-based private equity firm SIB Investment Ltd. is the first external investor.

Fleury founded JBoss, a Java-based open-source application server, in 1999. The company was sold to Red Hat in 2006 for $ 420 million. Red Hat is now owned by IBM.

Regulatory risk

As with other startups venturing into token deals, the company must also avoid getting on the wrong side of investors or regulators.

Ripple, which has raised billions from the sale of XRP and equity financing rounds, has been involved in a class-action lawsuit filed by investors accusing the company of selling unregistered securities.

A number of companies have launched ICOs, which are later charged by the United States Securities and Exchange Commission with failing to register their tokens as securities.

Two Prime reported that it has consulted with law firms in various jurisdictions and has developed an approach that will reduce the potential challenges for financial regulators.

The company will first list the tokens on the Asian trading exchanges to determine how much grip the investment could earn from traders. Then it will be set up for Special Purpose Vehicle (SPV) in the United States to offer the tokens as security.

Unlike many other ICOs, the fund’s tokens are backed by real assets that, according to the company, are managed by professional portfolio managers. The underlying assets include a structured portfolio of debt, cryptocurrencies and equity instruments.

The first investments are focused on the blockchain sector, while according to Blum, the company could in future expand to other sectors such as green technology and smart city management.

“Our goal is to create a new asset class by applying traditional investment models and theories to crypto and giving the industry confidence and professionalism,” said Fleury.

Why Cryptocurrencies Will Radically Change Our Monetary System

Will we settle our messages with Bitcoin, or will the government come up with a digital alternative? Today FTM journalist Thomas Bollen joins a round table discussion on cryptocurrencies in the Lower House. His commitment: the emergence of crypto coins will radically change our monetary system.

How the blockchain will radically transform the economy

Today, the Finance Committee is organizing a round table discussion in the Lower House on cryptocurrencies. As a journalist who regularly publishes articles on FTM, I have been invited to participate, alongside, among others, Teunis Brosens from ING and Rutger van Zuidam from Dutch chain. The reason for this round table discussion is the worldwide popularity of crypto coins. More and more Dutch people also have crypto coins, of which more than 1,450 are now on the market. The total market value of crypto coins fluctuated between 400 and 700 billion dollars last week. “Ten years ago nobody had heard of bitcoin and now it is well known, ” writes the Bank of International Settlements (BIS). Nobody can care for the emergence of crypto coins not including the Dutch government.

While cryptocurrency is rising, not all are confident in the new trading trend. Traditional investors still prefer investing in stocks including stocktrades in Canada, check out a list of best Canadian stocks.

What I want to put on the table, among other things, is the idea that the popularity of Bitcoin and other crypto coins could cause a revolution in the payment system that turns our monetary system upside down. To understand why we must first answer a few questions about the money we use now. Where does our money come from and what are the distinctive features of crypto coins, cash, and bank balances?

We hardly pay with real money

We have a European System of Central Banks (ESCB) in the eurozone, of which our Dutch Central Bank (DNB) is a part. These central banks are public institutions whose main task is to ensure the stability of the euro.

Central banks issue physical banknotes(cash) out and commercial banks can hold (digital) funds. The inhabitants of the euro countries only have access to the physical banknotes of the central bank. Citizens cannot open an account there.

If we pay with our debit card or via the internet, we do not pay with money from the central bank, but with book money, which is issued by commercial banks. In Van kauri to euro, a book about the history of money, DNB describes it as follows: ‘Nowadays many people bank via the internet, so even without paper. All those payments no longer require “real” money, so no coins or banknotes. We call such money “book-entry” money.

In this context, we must take the term ‘real money’ literally: non-cash money is not ‘real’ money issued by central banks – as ‘legal tender’ – but a claim on a private bank: a common but not legal tender. For our payment transactions we therefore largely use claims on private banks instead of real money. That which we call money is therefore not a clear concept.

Monetary objects versus monetary claims

The definition of money is a complicated issue: books have been written about it. In order to have a good discussion about money, I, therefore, want to introduce two new concepts: monetary object and monetary claim / monetary claim. The distinction between monetary objects and monetary claims is essential for the discussion about our monetary system.

Cash is a physical form of a “monetary object” – an object used for payments. Physical monetary objects are ‘movable property’ with ‘payment power’. That means you can pay with it by transferring the item to someone else. They are essentially not a claim on the entity that issues them (although the central banks do register them as such). A monetary object is not a claim, but the property of the beneficiary.

This may sound a bit complicated, but it comes down to this: the payment power of monetary objects does not depend on the gold or debt paper that the central bank has on the balance sheet, but on public confidence in the object itself as a means of payment. Even if the central bank goes bankrupt, these objects can retain their payment power, because the public continues to use them as money. The coins and banknotes continue to circulate in the economy as a means of payment. To give another example that we have all seen in a movie: in prisons, cigarettes are used as a means of payment – in that case, they are also monetary objects. If Marlboro should go bankrupt, the cigarettes in circulation continue to serve as a means of payment. The moment the cigarettes are smoked, there will naturally be a need for new monetary items to pay with.

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