It is known that the Central Bank of Indonesia has adopted an aggressive attitude toward cryptocurrencies for some time. Since last year, it is asking people to refrain from using Bitcoin and other cryptocurrencies for domestic payments. At the beginning of 2018, it went as far as banning fintech companies from using cryptocurrencies, following a previous ban on payment system providers. Nonetheless, it seems that this stance holds much more than the mere concern over the security and legality issues of cryptocurrencies and the risk of having digital currencies undermine the Indonesian rupiah. As a matter of fact, this decision may be hiding a deeper strategy-that of creating a national cryptocurrency. Bank Indonesia is categorical against the use of existing cryptocurrencies Bank I...
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Various crucial shifts such as changes in consumer behavior, the advent of new technologies and morphing of the regulatory landscape are causing major changes in the payment ecosystem. This year is poised to witness unprecedented makeover whereby three principal trends will affect the industry, largely boosted by a high level of demand. Three major trends that will present great opportunities The shifts in the payment system will be seen as not only great opportunities but as considerable challenges too. Following are the three principal trends that will mark the industry. The demand for safer data It is a fact that payment options are under constant evolution. Shopping habits are changing, urging merchants and brands to adapt their payment methods. As a result, in-app and one-click
Blockchain is the technology that makes it possible to operate the vault - an algorithm that allows the encryption of public key transactions, access to them with private keys, and the public distribution of the entire resulting log. Although sophisticated, technology does not require anything special, and is in everybody's reach - so far, more than 700 virtual coins have been emitted by the Bitcoin model, successively higher or lower. But its possibilities are barely beginning to be explored. Crypto Codex is the next step. Property authentication and exchange of values are just the basic functions, but the most interesting application of the moment is the automatic execution of contracts. Now with classical payment systems and even with bitcoin, the fundamental problem of any transacti...
The world around us has so many things for our fascination. From landscapes to the natural phenomenon it has all the beauties anyone likes to see. If you are a frequent traveler or love to travel around the world, then don’t underestimate this passion. It has much more to offer apart from being merely a hobby. Sometimes you come across so many things that you really want to share with the people away from you. It can be a scrumptious food, a beautiful outdoor or even a scene to cherish. In all these cases you can easily bring it to life for others too. If you know that you can click then it becomes a real asset. If you love to eat and want to quench your appetite with the amazing dishes from all over the world, then don’t forget you can change this skill into a money earning source. You
Virtual private network (VPN) is a "virtual private network". It's a secure computerized communications technology, usually used in a company, organization, or multiple companies, but based on a public network and therefore not very secure. VPN is designed precisely to create a high-confidential privacy subnet in a public network as in an independent private network. Naturally, this subnet, still called "VPN," cannot communicate with other public network systems or users. Users of a VPN can thus get the impression that they are connected to a dedicated, independent private network with all the security benefits, but that is just a virtual network, and it's actually a subnet physically embedded in the core network, choosing security with a VPN. VPN traffic messages may be transmitted thr...
International money transfers have a critical role in defining the global economy. Innovation and emerging technologies in the sector can only bring about benefits to the remittance industry. Experts predict that in 2018 certain trends in international payments, such as mobile payments and partnerships between banks and fintech companies will become more prominent. Three prominent trends in international payment for 2018 Today, with the array of facilities and technologies in place, payments are regarded as a simple step. Consumers demand frictionless experiences coupled with a high level of security. And they also expect to make payments to be seamless and convenient, and if possible, across multiple devices. Experts are of opinion that the following three trends will dominate the int
You must have heard of Bitcoin that touched $19,000 in January this year. Bitcoin is perhaps the most popular cryptocurrency in the market. The technology that is working behind Bitcoin is dubbed as blockchain technology. It is a virtual public ledger that is recording everything in quite a secure as well as transparent manner. The data that is stored in an interlink network of computers is owned as well as run by users. Beside cryptocurrency, blockchain technology has many other uses. Perhaps that’s why more and more companies are seeking for blockchain development services. It is used in for supply chain management For this purpose, this technology offers the advantages of traceability and cost-viability. Put basically, a blockchain can be utilized in tracking the development of mercha
In 2018, consumer interfaces, security, and software innovation will be the pivotal points in the payments industry. These trends were revealed in a fresh study conducted by sponsored IDC Market Spotlight and sponsored by the Electronic Transaction Association (ETA) released in January 2018. New interfaces to drive commerce According to the CEO of ETA, Jason Oxman, financial institutions, payment processors, fintechs, and networks are innovating by integrating new interfaces and higher security features to boost commerce for both consumers and retailers. In this light, 2018 should unfold fresh opportunities in the payment industry where payments and technology will have key roles. 2018 will unfold new channels in the payment industry This year, new channels such as Voice, AI and th
Your company’s phone system is the beating heart of your business with the ability to move things along at a pace that gets things fired up or a pace that slows things to a deathly crawl. Unfortunately this integral piece of hardware is overlooked because it is thought to be outdated and having lost large parts of its value. The truth of the matter is that new phone systems are actually a major part of what has been pushing the most envied businesses to new heights and the features now available on todays’ best phone systems can do the same for any business. If you are not gaining market share, profits, efficiency and effectiveness because of your phone system, then it is time you understood that you are overdue to purchase a new office phone system. The new phone systems are called H