Author: Grace Shane

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Investing Doesn’t Have To Be Grand

September 16, 2019 | Uncategorized | No Comments

They say taking the leap on things that scare you the most is usually the best thing to do. Being outside our comfort zone is said to bring so many opportunities on things you did not even know is inclined to you or is specifically designed for you and your standing in life. One of the many things that people worry about is investing in things; whether they are scared of it going downhill or not being the right investment for them later on. Surely a lot of people may encourage or discourage you on right things to choose but it is always going for the things you have taken time in learning and things that you know is good for you.

Two Things To Encourage You in Investing Now

One of the many reasons why people stop midway in going for the investment they have in mind is that they are told that their budget is not enough and is never enough. And yes, that is true your finances will never be considered enough in the market but, it will always work out. Starting with little money can now be a thing considering the many ways that technology has improved the industry even FORA Financial offers bad credit business loans, that can make your little capital into something big later on.

The other reason why people start thinking that their finances are too little for investments is that most are caught up in the idea that the only chance of actual investment is putting your money in stocks. The truth out here is that stocks are just one of the many ways and things you can invest to. Taking time to research on different types of early investments will do you a lot of good, especially in knowing that a house is a much better investment especially in your early years.

You must have certainly heard about digital currencies or what is known these days as cryptocurrencies. Bitcoins, Peercoins, and others are becoming more and more popular in the marketplace. Statista says that there are more than 1400 Bitcoin ATM all over the world. Cryptocurrency is also becoming a trend in many online deals for various industries.

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As we are entering another decade of this digital era, the financial industry will continue to revolutionize and make a huge change in the way we deal with our transactions and savings. We are almost in the era of cashless transactions as we embrace electronic and digital currencies.

Let’s take a look at the professionals’ point of view on the impact of digital currencies in the financial landscape in the years to come.

1. Inexpensive International Money Transfers

Digital currencies are a huge help for international money transfers. Many people can take advantage of bitcoins to receive or send money internationally. This bypasses expensive foreign exchange services of banks and other payment processors.

2. Better Security To Protect Digital Currencies

At present, it’s unfortunate that a few of us lost money in online transactions. Regardless of how small or big the amount of lost, financial technology will move to develop a stronger, more secure system to protect digital money and digital transactions.

3. Alternate Currency Reserve (In Volatile Economies)

Digital currency is relatively new thus it is less stable when compared to currencies such as the EUR and USD. However in several nations susceptible to inflation like Venezuela, their digital currency, bitcoin is in more ways stable compared to their own national currency. As a result, it’s no surprise that the use of Bitcoin in Venezuela has expanded almost seven times at the start of the year.

4. Efficiency – Faster, Easier, And More Secure Payments

Digital currencies make payments faster, simpler and even more secure. Because of efficiency when using digital currencies, this could impact how banking institutions work. Banks should commence using the concept of digital currency.

5. Market Transparency

Digital currencies lead to changing the conventional way of doing business. People who use digital currencies appreciate market transparency. The availability of public ledger creates transparency for all users. For this reason, there is a big chance that traditional transactions will go down while digital currencies will continue to rise and may take over the financial system.

6. Cryptocurrency Empowers The People

Cryptocurrencies will be less complicated due to lesser intermediation. With this new structure, the cryptocurrency code will set the rules. Bank personnel that took advantage of the system their own personal profit will eventually suffer a loss from their misdeeds. This revised financial structure eliminates the banking institutions as the middle person and gives more power and flexibility to the people.

7. Possibilities of One World Currency

We are moving towards global conglomerate that digital currency could become a currency for the entire world having the same value regardless of the country and removes expensive currency exchange rate as we know today.

Digital currencies as we know today serves a lot of benefit to many users. Although it is not yet widely accepted by the general public, the vision that most finance professionals are looking at could be possible. In fact, we have started way back then when financial technology had been introduced starting with credit cards and ATM machines.

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