Posts By Gavin Griffin

 Can Cryptocurrency Take on the Payment Processing Industry

                            Can Cryptocurrency Take on the Payment Processing Industry

As we are exploring the possibilities of accessing the internet for whatever we require, then click and search concept seems to be working for most of us today. Call it the paucity of time or the need to be upgraded as a merchant, so that there is no falling back when a customer requests for newer technology-enabled solutions for their benefit. As people, transact more in the digital revolution the existing business model has to constantly evolve around the digital space accepting the coin currency as an alternative to the fiat currency.

There could be many changes required for the first time merchants who have worked with the sluggishly paced payment cycle, while the newer technology is rapidly changing the way the entire product cycle was, even the payment terms and the timeline is reduced for a merchant. With the base coin currency becoming immensely popular for its strength to strive along the fiat currency that has existed from ages, the thinking of customers to has changed to trust the base coin currency and make payments through them without having to convert, have additional software and hardware installed and spending too much money.

  • merchants have the liberty to maintain and create their own digital wallets that could be disruptive to the traditional currency that was thought to be easier, however with the time and ease of trading, Qprofit System has become widely accepted and traded by big traders, , read more about Qprofit System from the real-time reviews that are realistic and not faked
  • using the card payments to settle the POS transaction was having the issues of refunds, disputes that have made the system having a loophole, fraud detection was not foolproof and hence there was a lot of pending cases to handle the resolution of disputes
  • as the merchant and customer are on their own when it comes to using the digital currency based merchant services, there is no terminal that is monitored by any issuing agency, hence the need to keep that eye and administer the entire transactions is important

As payment gateways, merchant terminal and currency exchanges grow considerably, the need to accept those increases, with more coin currency being mined the power and the exchange rates of the digital currency will be influenced by these factors. Deciding on whether this could disrupt the traditional exchanges and add more power to crypto-based transactions will have to wait until the mystery unfolds.

 

Ways to accept Cryptocurrency by Merchant Services

                            Ways to accept Cryptocurrency by Merchant Services

Accepting the cryptocurrency as a mainstream payment solution is a huge step taken by merchants who are otherwise skeptical, the need to adopt new technology comes from the popularity if the digital currency and the need to get faster payment turnaround time and cater the business needs. With the growing demand for your products or services, dedicating a part of the payment solutions through a dedicated hardware without having to spend days to get funds in the account is essential for small and medium enterprises.

The main way when merchants can accept the payments in digital coins is either tie up with a cryptocurrency terminal provider or simply accept payments from the touch of Smartphone button. Well, the choice is yours, as ultimately it a timely payment that matters for the merchant along with a good customer relation for long time business needs.

  • the payment system used should be adaptable with the existing technology that is used, else as a merchant you can simply connect your mobile device into the digital wallet, that is required to be created before accepting payments,
  • the operating system should be windows or android, or apple, a lesser or older version will have to be upgraded to let the payments come into the digital wallets
  • popular digital wallets have the facility to convert into the currency as the merchant wishes to without having to pick a single currency payment solution
  • the QR code recognizes the transaction and the coins get transferred to the merchant’s wallet, all this will happen once the merchant has a digital wallet that is protected by a strong set of password
  • popular wallets do the conversion into the base currency that the merchant chooses automatically, otherwise, the merchant has to manually place the order to convert them to the base currency opted or to the fiat currency

The POS machines have come with a dedicated payment processor that can even generate the reprints based on the transactions; the payment system comes with both the hardware and software to create invoices and receipts that will be permanent and immutable. There can be no further editing to the transaction, read more about Qprofit System, and the underlying technology used by different trading platforms like Qprofit System for creating the receipts and generates invoices based on the merchant solution chosen. The terminal prints the invoices, and the QR code scans the invoice based on the customer, acting as an ATM for making the payments.

 

 

    Role of Cryptocurrency in Merchant Services

                                Role of Cryptocurrency in Merchant Services

The digital payment market is steadily making its presence in the service sector, the easy way to trade and settle transactions based on an encrypted code ensures that the payment reaches the merchant immediately when the transaction is complete, rather than waiting for a long time for the funds to reach the merchant account. The life cycle of the payment to pooling the resources in production is short and the time took earlier adopting the traditional point of sale terminal.

In terms of gaining a lot of importance, this method of accepting crypto coins in any form the customers eases the trade and the payment can be made through any cryptocurrency or by purchasing the coin currency from the third party service providers. Most of the e-commerce business can add this mode of accepting coin based transaction which a big addition in their portfolio presence in the markets.

  • adopting the technology behind the crypto currency-based transaction is evolving, the Blockchain technology is unique in every aspect
  • as peer to peer currency, the amount of security and safety of the transactions are high on the priority, with a decentralized way to transact and keep the identity anonymous
  • the price volatility and the market fluctuations are great influencers of the crypto markets read more about QProfit System based on the reviews to trade online that is popular
  • accepting the blockchain as a forefront in technology, merchants can be relieved from the high charges that attract from the number of transactions done through them, there is no setup fees or cancellation fees most of the customers are getting habituated to go the crypto way
  • the technology makes the transactions to be immutable and cannot be tampered with from anyway, the  Qprofit System software also work, based on the same blockchain technology securing the data highly
  • the increase in people going through the crypto trend has been adopted by in stores and POS terminals too, have the coin based payment accepting network that is inbuilt

The recent reviews based on the feedback of merchants, especially in e-commerce have benefitted largely with the use of alternative payment solutions that have gained a lot of customers at a steady pace. There is a huge shift from waiting to generate fiat currency and pool it back as working capital for small enterprises, businesses are adopting and embracing the new technology and solution that reduce the time to receive the funds.

 

 

 

Go Online

Go Online

The traditional brick and mortar stores are facing distraction of their business in a big way due to the advent of e-commerce and launching of many online retailers. They are affecting the physical stores in such a way that either they have to go online or they have to shut their business.

These online stores have become more user-friendly because of their apps, now the market is many customers oriented, these online retailers are giving importance to their customer views, which makes them widely accepted. Many brick and mortar stores are also trying to go online, going online does not makes all the business success they need to understand the customer according to their geographical location, preferences, and expectations. They need to build up a strong long-lasting relationship with their customers so that if any new rival enters the market their business does not get affected.

In this article, we will discuss how the existing online retailers have grown their business.

  • A wide range of products

This online retailer offers a wide range of products from beauty to apparel, the list does not end here their shipment process and return policy are also quite compelling in comparison to the traditional brick and mortar store.

  • Exciting subscription offers

These online retailers have posed a great threat to the traditional stores by starting subscription services on products like diapers and monthly used cosmetics; these are the area which was once ruled by the brick and mortar stores.

They are also great for the grocery stores by selling the products at much-discounted rates than the local market. If the customers are taking subscription the discount rates are more. Some of the online retailers are also growing their number of the customer by providing annual membership.

  • Attention to e-commerce

Some of the big brand names in spite of having their brick and mortar stores online are focusing on the online presence. These companies are rapidly developing their mobile software and improving on their marketing strategies. They are attracting the customers with COD, scan and go, ship from the store etc.

Many of the apparel companies are also trying their luck in groceries, and they are making good business out of it. But some other companies who tried on grocery have also failed. But if they are lucky in grocery then their e-commerce turn over will be considerably high.

Since the Cryptocurrencies are entering into different industries the days are not far when these companies will also accept their payment in digital coins. To know more read this post.

 

Crypto In Real Estate

Crypto In Real Estate

As the price of bitcoin and other Cryptocurrencies are increasing, it is gaining popularity among the small business and online retailers.  It is also getting slowly accepted into the real estate industry now a day. It has some downside to accept these currencies but it has some definite benefits.

Looking back into the history of crypto payments

Cryptocurrencies got its entry as a payment into the business back in the year 2014, and then only a few big companies were accepting it. But after the price explosion of digital currencies in 2017 many more joined the bandwagon.

But till now we have seen much development in sectors like online retail, but how about accepting Bitcoin for something big like a plot of land or a house. Should real estate agent educate themselves about the developments in the crypto world?

Affect on economy

The real estate agents are well informed about the fact that if the nation’s economy is experiencing fluctuation then real estate will also get affected.  Even though these digital currencies are ethereal but play an important role in the fiat world.

Who does not need a house to live in? The real estate industry plays an inherent part in our lives but dealing with this industry is complicated. As it involves many steps and you may fall into the trap of fraudulent brokers.

If blockchain gets involved in the scenario then, how it will be? It is can give much more transparency to the process with its technology, of recording all the dealings, so the real estate industry becomes a hassle-free environment for all types of home buyers. With blockchain technology losing important files and altering them with the consent of the concerned person will be a lot harder.

With the innovation of blockchain technology getting involved into the real estate market the fraudulent selling of properties will come under control because it follows digital certificates that will get linked to every property that is in escrow.

Conclusion

In spite of being in a volatile market situation people still, have faith in Cryptocurrencies. These currencies are gradually discovering its way into different industries and are not restricted to only investments and trades.  If it finds its way into the real estate, it can provide the industry with many potential benefits. It will be exciting to see how it makes its journey, but it will not be a smooth ride for sure. This post will give a clear picture.

 

A reliable platform to invest – The QProfit System

A reliable platform to invest – The QProfit System

One of the most renowned platforms, the QProfit System has the best and reliable features Jerry Douglas is the inventor of this product. He was an avidly interested trading personality. He was assisted by his friends who were software developers and engineers. It was a great dream for them to develop such a platform for active investing. They have taken painful research and made the best product. They have employed quantum data and investment principles that involve big data.

Great winning ratio

The users have stated that they are getting an average daily income of $2500. It is very much consistent and good in its operation. They have a good management system to work and assist with their client requirements. They have achieved a winning ratio of 95% that is assured by all of its optimistic users. It complies with all the necessary standards and very authentic and legit to be used. This post can provide you with more information about them.

Method of operation

Big data investment analysis is a concept that is widely used in all important platforms to accommodate the huge processing data that needs to be maintained safely. It is widely used in the software development platform. Quantum speed technology involves a good and sophisticated algorithmic platform that is meant to bring a qualitative analysis for a prediction with accuracy. The combination of both of these can mint millions of wonders in the cryptocurrency world.

It is a highly marketed prediction device tool compared to all the robots of the same kind in the market. It has good interactive features that let us navigate throughout the system and experience the trading experience in a great detail.

There are no difficult downloads necessary to install the application in our system. It is compatible with all mobile devices and browsers. All you need to have is a smart device with a good internet connection. It is very easy to get started with QProfit System. We have to just login into their official website and download their registration form. We will have to give in the necessary details and submit the application online. There is no payment required at this stage. Once the account is created, we will receive a confirmation mail. We will have to fund the account initially with $250 and start trading. It is a great opportunity to trade with Qprofit System.

Ensuring the Bitcoins

Ensuring the Bitcoins

 

Bitcoin and Blockchain technology have found newer ways to envelope the payment methods that have changed the way things were moving, from a slower pace into highly variable and purely digital environment, covering for the losses in case of theft of Bitcoins. This poses to be both an opportunity as well as a challenge for the digital world; increasing dependence of the coin currency has raised awareness among the users to make the payments using the coin currency, however, they have their own apprehension about how safe the premiums paid through Bitcoins are in the digital wallet of the insurance companies.

 

The security is very high when it comes to dealing with the cryptography-based digital coding of the highly sensitive transactions, using the Bitcoin as a medium to control the creation of additional currency units. The loss of any central authority governing the virtual transactions put them in a high-risk zone making it vulnerable for the coin currency itself to be insured from the theft and hacking problems that are creeping in silently. As the IRS has tightened the regulatory norm of attracting tax on the bitcoin currency, any sale or purchase of the coin currency will attract capital gain tax. The benefit of the ruling, itself legalizes this as tender, hence the usage of the bitcoins the foremost in the cryptocurrency saga, to be invested by all without having any apprehensions.

The coin currencies have a major positive impact in the insurance sector, as more policyholders are willing to remit their premium payments in digital currency, as they have created a new class of assets, the value of premium payments have risen once they are converted into the $ equivalent. The only concern is that the value of the premium may reduce when the conversion to the dollar is done.

 

The Insurance industry has responded to the spate of virtual currencies that are flooding to be done thought the crypto-based payment gateway, read more about QProfit System to understand if the trading itself can be insured against the risk of theft. The coins in the trading account, the QProfit System has the advantage to deal in peer-to-peer currency. The insurance companies are slowly responding to the positive outcome of bringing the Bitcoin-based insurance against the theft of coins, as well as payment gateways to facilitate premium, and claim payments, so that a separate class of decentralized coin based separate wing for the crypto-based transactions is provided.

 

 

 

 

Crypto Currency Tokens In Insurance

Crypto Currency Tokens In Insurance

 

Once you decide to take part in the Initial Coin Offering, the tokens allotted to the purchaser that is stored in the digital wallet that the buyer creates. The intrinsic value of the coin currency that is not in physical form is valued for its composition, and a promise to pay the bearer of the coin currency, all this has been there from the era’s bygone. However in the process of decentralization, there is no promise to pay nor there is any ownership of the asset of the real world, everything is a business model that translates into the real world asset, as the token grows in the trading platform.

 

The possible uses of the token in the Insurance sector are:

 

  • using these token as a form of paying the premium by the users is easy and recordable at every single point of transaction, and claims settlement are also easy by way of depositing all the medical expenses in the digital wallet of the user
  • the tokens can be used for transferring between a wider market reach, within or outside organizations, in a multinational industry
  • giving the incentive-laden industry in form of tokens is a hugely successful venture that is delved in, with the number of policies exceeding the target specified can be allotted token in the digital wallets that can be used to make payments or purchase stocks, read more about QProfit System, for the details about using the tokens used for buying and selling of shares, the QProfit System by far has a wider reach online than offline trading platforms
  • with blockchain enabled technology can the tokens be used for the insurance sector with a high saving cost in the transaction processing and also save a lot of time with faster connectivity and the high-end speedy process is all that is required by insurance companies
  • the financial coverage of the losses that the policyholders are looking for, the premium paid by the policyholder is capitalized and paid against any claims lodged, the premium amount is used as a reserve, if that amount is invested in a volatile market, then the risk exposure is high

In case both the insurer and the policyholder adopt the token-based policy premium payments, the solvency requirements have to be considered, before accepting the coin based currency, the token volatility could affect the promptness in settling the claims in general.

 

 

 

Risk management techniques in Forex Trading

Risk management techniques in Forex Trading

One of the most important aspects of trading that are often overlooked by novice traders is risk management. One or two bad trades can eliminate all the profits that you accrued.  Having a risk management strategy or a policy in place must be one of the first steps that you must take as a trader as this will minimize your losses and even bring in profits. Remember even the best trading strategy cannot save you if you do not have an effective risk management system in place.

Before we plunge into the risk management techniques you must know about :

  • Value of PIP
  • Stop loss.

How will the value of pip influence your trade?

One of the most important points of risk management in forex trading is how the value of pip behaves; it is paramount that you know what happens if the pip moves up or down. Calculating the pip value will tell you exactly how much loss or profit you will make from a single lot based on the movement of the selected number of pips.

Stop loss in forex

It is common sense that controlling losses is the main motive of the risk management strategy. Everyone knows that you have to stop trading when your losses mount and you have to do that with a stop loss order. While the whole concept is simple the execution is tricky and complicated. As is the norm, you must set a stop loss at the beginning of any trade so that your trading position closes as your losses reach the earlier set limit.

Now comes the sticky part wherein you have to decide where to set the stop loss. Once it is set do not back off or move away from it no matter what the market position. To begin with, keeping your stop loss always at a static price. This is highly advantageous because the risk to reward ratio will remain minimum and this will ensure that your career as a trader is not destroyed by one single trade.

Conclusion

Entering the single largest financial market in trading requires a lot of guts and clarity of thought. If you are hesitant you can try your hand at any of the demo accounts provided by several traders or venture into automated trading systems like the Ethereum Code. If you are interested you can continue reading about it and make an informed decision, after all, it is your hard earned money that is at stake.

 

 

Can I pay my Insurance Premium in Crypto Currency

Can I pay my Insurance Premium in Crypto Currency

 

Captive solutions are part of the new age solutions that are offered to use the cryptocurrency as payment methods in the future. Alternate ways to transfer the risk is important in today’s landscape as the nations are busy in determining the value of the cryptocurrency. Since they are still considered a speculative subject, accepting them as a payment method is still in the nascent stages, to use the underlying technology and use it to permanently change the financial world.

 

The distributed database used by the various trading platforms, to be independent of the banks and other central authority, read more about QProfit System, like a huge self-managing system of accounting. It records and saves all the transactions carried out in the cryptocurrency based

QProfit System using the same entry and exit point in the peer-to-peer approach of networking equally. As different computer interacts with each other there is no supervisory element required for crypto-based transactions, with great speed and accuracy.

 

The major advantage of using the coin based currency system to pay for services is a unique and a path-breaking concept that is gaining momentum with high accuracy and security. The potential simplification and efficiency are capable and broad, and the enormous pressure to modernize and reduce cost has made insurance companies to look beyond and use the technology and involve the intermediaries. Using the blocks and record, the transactions and making the best use of the payment system resulting in the accurate account balances and verifiable crypto enabled transaction records.

 

The existence of smart contracts and payment through the cryptocurrency are constantly a subject of discussion that insurers are ready to use and benefit spreading the awareness to the other peers in the industry promoting the underlying the technology and the payments to go through the crypto medium. The big five insurance companies are steadily increasing the partnership in the Bitcoin-based Insurance Industry Initiative and huge network. the extent to which shows the level at which the benchmarking is done for transactional payments like an insurance premium claims payment, that is considered to being the blueprint stage.

 

The Future has a clearer vision for the insurers to involve payments through coin currency that is highly secure and can store the digital records including the important document encrypted in the client digital wallets, for a safer and complete record of the trail if information that is required for future purposes.