THIS IS THE PPT FOR CLASS 12TH STUDEMTS FOR CAASHLESS INDIA AND BASICALLY BASED ON CRYPTOCURRENCY AND THE BENIFITS OF USING CRYPTOCURRENCY AND DIGITAL MODES OF PAYMENTS AND ITS ALSO HAVE GREAT ANIMATIONS
5 Ways Digital Currency is Revolutionizing the Financial World.docxSurendra Gusain
Digital currency is a term that is familiar to some people and unfamiliar to others. But if you aren’t aware of it, you must get familiar with it because it has the potential to change our view on money. The recent rise in Ethereum (ETH), Bitcoin (BTC), and various other cryptocurrencies that exist in digital format only, has led global national banks to research the working of these national digital currencies. So, in today’s blog, we will shed light on the topic “5 Ways Digital Currency is Revolutionizing the Financial World” So, without wasting further time let’s get started!!
Vision and trends in mobile and paymentsColin Weir
Digital technologies are disrupting traditional analogue systems like cash payments, receipts, and dial-up point-of-sale terminals, presenting opportunities for innovation. Cryptocurrencies like Bitcoin are also gaining traction as alternatives to traditional currencies due to distrust in banks following financial crises. As mobile video and crowdsourcing increase, they will allow more journalists to create and distribute content. Gamification and loyalty programs embedded in mobile applications and services can improve customer engagement and retention. The unbanked population of 2.8 billion people globally seeking digital payment and financing options represents a significant opportunity.
This document discusses the history and concepts of digital cash. It notes that David Chaum is credited with inventing the concept of digital cash in 1982. In the 1990s, he founded DigiCash to commercialize electronic payment systems. Digital cash allows users to purchase credits online and spend them anonymously, offering benefits like efficiency and lower costs compared to traditional currency. However, digital cash also poses challenges like enabling money laundering and affecting taxation and monetary policy due to its untraceable nature. Overall, the document explores the promise and problems of digital cash systems.
Central Bank Digital Currencies (CBDCs) are being explored by central banks globally as interest in digital currencies grows. The document discusses key drivers for CBDCs including improving payment efficiencies, financial inclusion and enhancing monetary policy. It provides an overview of CBDC projects underway in various countries and regions, with China, Cambodia, the Bahamas, Eastern Caribbean and Nigeria having implemented live CBDCs. The models vary in terms of technology used, offline usability and transaction limits.
The document discusses India's goal of becoming a cashless economy through reducing dependency on cash and increasing digital transactions. It was launched after the 2016 demonetization that removed Rs 500 and Rs 1000 notes from circulation. Cashless transactions can be done through methods like debit/credit cards, online transfers, mobile wallets, etc. While it has advantages like reducing black money, the question remains if India can fully realize the dream of becoming cashless given challenges with education and technology adoption in some parts of the population. Education campaigns and helping more merchants accept digital payments may help increase cashless transactions but complete conversion may not be possible.
This document discusses demonetization and the transition to a cashless economy in India. It provides background on demonetization, noting that the Indian government withdrew the Rs. 500 and Rs. 1000 banknotes in 2016. The key reasons given for demonetization were to tackle black money, lower cash circulation related to corruption, and eliminate counterfeit currency and terrorist funding. Advantages included controlling black money while disadvantages included short-term hardship and logistical challenges. The document also outlines advantages and disadvantages of a cashless economy, and reviews various digital payment methods like bank cards, UPI, e-wallets, and AEPS that enable cashless transactions.
digital currancy in india - the future of your money.pptxvenkatasivakumar6
The document summarizes research on digital currency in India. It begins by introducing digital currency and the different types, including cryptocurrencies, central bank digital currencies (CBDCs), and stablecoins. It then discusses the objectives, need, and types of digital currency. The main types are CBDCs issued by central banks, cryptocurrencies, and stablecoins. The document also reviews literature on digital currency in India, finding that a CBDC could increase financial inclusion and adoption should consider security, learning curves, and payment system viability. It concludes that India has started piloting its digital rupee and that CBDCs have potential to lower costs and disrupt payment systems if implemented properly while managing security and adoption challenges.
Remittances, or money sent from one person to another, are a growing part of our global economy. With the rise of cryptocurrency, such as Bitcoin, many are wondering how it will impact remittances. In this blog post, we will explore how Bitcoin affects remittances, the advantages and disadvantages of using Bitcoin for remittances, and what the future of Bitcoin and remittances looks like in the US. By the end of this blog post, you should have a good understanding of the role that Bitcoin plays in remittances.
5 Ways Digital Currency is Revolutionizing the Financial World.docxSurendra Gusain
Digital currency is a term that is familiar to some people and unfamiliar to others. But if you aren’t aware of it, you must get familiar with it because it has the potential to change our view on money. The recent rise in Ethereum (ETH), Bitcoin (BTC), and various other cryptocurrencies that exist in digital format only, has led global national banks to research the working of these national digital currencies. So, in today’s blog, we will shed light on the topic “5 Ways Digital Currency is Revolutionizing the Financial World” So, without wasting further time let’s get started!!
Vision and trends in mobile and paymentsColin Weir
Digital technologies are disrupting traditional analogue systems like cash payments, receipts, and dial-up point-of-sale terminals, presenting opportunities for innovation. Cryptocurrencies like Bitcoin are also gaining traction as alternatives to traditional currencies due to distrust in banks following financial crises. As mobile video and crowdsourcing increase, they will allow more journalists to create and distribute content. Gamification and loyalty programs embedded in mobile applications and services can improve customer engagement and retention. The unbanked population of 2.8 billion people globally seeking digital payment and financing options represents a significant opportunity.
This document discusses the history and concepts of digital cash. It notes that David Chaum is credited with inventing the concept of digital cash in 1982. In the 1990s, he founded DigiCash to commercialize electronic payment systems. Digital cash allows users to purchase credits online and spend them anonymously, offering benefits like efficiency and lower costs compared to traditional currency. However, digital cash also poses challenges like enabling money laundering and affecting taxation and monetary policy due to its untraceable nature. Overall, the document explores the promise and problems of digital cash systems.
Central Bank Digital Currencies (CBDCs) are being explored by central banks globally as interest in digital currencies grows. The document discusses key drivers for CBDCs including improving payment efficiencies, financial inclusion and enhancing monetary policy. It provides an overview of CBDC projects underway in various countries and regions, with China, Cambodia, the Bahamas, Eastern Caribbean and Nigeria having implemented live CBDCs. The models vary in terms of technology used, offline usability and transaction limits.
The document discusses India's goal of becoming a cashless economy through reducing dependency on cash and increasing digital transactions. It was launched after the 2016 demonetization that removed Rs 500 and Rs 1000 notes from circulation. Cashless transactions can be done through methods like debit/credit cards, online transfers, mobile wallets, etc. While it has advantages like reducing black money, the question remains if India can fully realize the dream of becoming cashless given challenges with education and technology adoption in some parts of the population. Education campaigns and helping more merchants accept digital payments may help increase cashless transactions but complete conversion may not be possible.
This document discusses demonetization and the transition to a cashless economy in India. It provides background on demonetization, noting that the Indian government withdrew the Rs. 500 and Rs. 1000 banknotes in 2016. The key reasons given for demonetization were to tackle black money, lower cash circulation related to corruption, and eliminate counterfeit currency and terrorist funding. Advantages included controlling black money while disadvantages included short-term hardship and logistical challenges. The document also outlines advantages and disadvantages of a cashless economy, and reviews various digital payment methods like bank cards, UPI, e-wallets, and AEPS that enable cashless transactions.
digital currancy in india - the future of your money.pptxvenkatasivakumar6
The document summarizes research on digital currency in India. It begins by introducing digital currency and the different types, including cryptocurrencies, central bank digital currencies (CBDCs), and stablecoins. It then discusses the objectives, need, and types of digital currency. The main types are CBDCs issued by central banks, cryptocurrencies, and stablecoins. The document also reviews literature on digital currency in India, finding that a CBDC could increase financial inclusion and adoption should consider security, learning curves, and payment system viability. It concludes that India has started piloting its digital rupee and that CBDCs have potential to lower costs and disrupt payment systems if implemented properly while managing security and adoption challenges.
Remittances, or money sent from one person to another, are a growing part of our global economy. With the rise of cryptocurrency, such as Bitcoin, many are wondering how it will impact remittances. In this blog post, we will explore how Bitcoin affects remittances, the advantages and disadvantages of using Bitcoin for remittances, and what the future of Bitcoin and remittances looks like in the US. By the end of this blog post, you should have a good understanding of the role that Bitcoin plays in remittances.
A Financial Tech Tsunami Driven by Blockchain AI Crypto EconomicsDinis Guarda
How to Cope in / with a Financial and Tech Tsunami driven by Blockchain, AI and Crypto Economics?
The world economy and the financial industry are only in its early days of digitalisation and disruption.
We are going through a wave, or tsunami of emergent disruptive fintech systems and blockchain decentralised models that will change things forever.
At the moment there is a process of digitalisation / Tokenisation of the economy/ financial industry.
Three Important Trends for Digital Payments for the Growth of eCommerce in 2022PaymentAsia
Over the recent years, many trends have nudged merchant payment gateway providers towards diversification, especially in the areas of alternate payment methods and contactless payments. Moreover, the pandemic has only made it more conducive for eCommerce and payment diversification. Here are three rising trends that can fuel the exponential growth of eCommerce in 2022. Visit @ https://www.paymentasia.com/en/product-and-services/payment-gataway/
Impact of cryptocurrency on Economy - India and Global. This has been taken from several online sources. References mentioned at the end of the article. A cryptocurrency is digital money in an electronic payment system in which payments are validated by a decentralized network of system users and cryptographic protocols instead of by a centralized intermediary (such as a bank).
Money serves three interrelated economic functions: it is a medium of exchange, a unit of account, and a store of value. Without it, people would have to engage in a barter economy, wherein people trade goods and services for other goods and services.
There are speculations on whether cryptocurrency will be more efficient and secure than existing money systems or if it can effectively act as money and achieve widespread use. However, that is the not primary focus of the article.
Blockchain is making revolutionary changes in various industries including, the finance sector. Using blockchain in the finance sector, many companies are already utilizing the benefits of this technology. But why should we consider using blockchain specifically?
At present, the financial industry is plagued with a lot of issues such as increasing cyber-attacks, poor IT infrastructure, complicated regulations across territories, payment frauds and identity thefts, delayed cross-border transactions, and so on. However, the finance sector is failing to tackle these problems leading to low customer satisfaction. Here, using blockchain in banking these companies can finally get rid of all of these issues for good.
So, how is Blockchain used in finance? Typically, blockchain can offer a lot of benefits such as efficient cross-border transactions, enforcing smart contracts, the establishment of central bank digital currency, increased data security, and many more. All of these advantages of using blockchain in the finance function are helping many enterprise-grade companies like HSBC, MasterCard, ING, etc. to solve their technological lacking.
We at 101 Blockchains believe blockchain is a prominent solution to secure the future of finance. That’s why we are offering premium quality blockchain courses and certification to help you be educated on the subject matter. We offer a selection of masterclasses and courses specifically for blockchain in finance.
Blockchain in Finance masterclass will focus on the practical implementation of blockchain and help you understand the effect of blockchain in the finance sector.
Learn more about the course from here ->
https://academy.101blockchains.com/courses/blockchain-in-finance
Central Bank Digital Currency (CBDC) Masterclass will focus on asset tokenization schemes and highlight the scope of creating digital assets.
Learn more about the course from here ->
https://academy.101blockchains.com/courses/central-bank-digital-currency
Enterprise Blockchains and Trade Finance Course will focus on how blockchain can improve current trade finance processes.
Learn more about the course from here ->
https://academy.101blockchains.com/courses/enterprise-blockchains-and-trade-finance
We also offer lucrative certification courses for professionals who want to learn about blockchain in order to develop blockchain-based finance applications.
Learn more about these courses from here ->
Certified Enterprise Blockchain Professional (CEBP) course https://academy.101blockchains.com/courses/blockchain-expert-certification
Certified Enterprise Blockchain Architect (CEBA) course
https://academy.101blockchains.com/courses/certified-enterprise-blockchain-architect
Certified Blockchain Security Architect (CBSE) course
https://academy.101blockchains.com/courses/certified-blockchain-security-expert
FINTECHS & CORONA; WHICH FINTECH WILL GROW IN POST CORONA ERA by GÖRKEM ÇOKÇETİNMustafa Kuğu
This document discusses how different fintech sectors may be impacted by and grow after the COVID-19 pandemic. It notes that digital payments, digital banks, digital identity verification, and supply chain financing could see high growth as customer demand increases for contactless financial services. SME lending and fraud prevention technologies may also grow as businesses seek new funding options and demand for secure digital transactions rises. Overall, fintechs that can help businesses access stimulus funds, consumers manage finances digitally, and enable remote work could benefit in the new normal as more activities move online permanently after the crisis.
1) Paperless currency like Bitcoin uses blockchain technology to operate without a central authority by distributing a ledger of transactions among a network of users. This allows for fast, global transactions without fees.
2) While paperless currency provides advantages like ease of international transfers and protection from inflation, it also poses privacy, security, technological, and economic risks. A transition to a cashless system could negatively impact the poor and informal economy.
3) Both paperless and cash-based systems have benefits and drawbacks. A cashless system enables easier tax collection but could encourage overspending and debt. Privacy, hacking, fees, and negative interest rates are concerns of purely digital currencies.
This document discusses electronic payment systems. It begins with an introduction that defines electronic payment systems as payments made through an electronic medium without cash or checks. It then outlines the objectives and growth of electronic payments. The rest of the document outlines the advantages and disadvantages of electronic payments, the payment process, types of electronic payments including credit cards and e-wallets, a comparison of payment systems, the landscape of e-payments in India, and the future scope of electronic payments. It concludes by discussing how technology has made financial transactions more convenient through electronic payments.
This document discusses emerging payment systems and how millennials are driving changes in banking. It outlines current payment trends like increased mobile banking and adoption of contactless payments. Emerging technologies are allowing for more do-it-yourself banking options. The document predicts that within 5-10 years, digital banking will be more widespread and branches will be redefined to focus on community. Millennials preferences for convenience and security are pushing financial institutions to innovate their payment systems.
Cashless Economy and its Impact on Modern Society.Raghav kulkarni
The following Paper Illustrates the effects of Cashless Economy and how this payment methodology influenced modern day Society and How has Cashless economy influences a countries Growth.
This document discusses cashless transactions in India. It begins by defining a cashless economy as one where transactions are made through electronic means like debit cards, credit cards, e-wallets, and direct bank transfers, rather than cash. The document then outlines various methods of cashless transactions available in India, including digital wallets, UPI apps, debit/credit cards, online bank transfers, and Aadhaar-enabled payments. It also discusses the objectives, benefits and limitations of promoting a cashless economy in India, such as increased transparency, reduced corruption, and challenges like digital illiteracy and lack of infrastructure in rural areas.
Cryptocurrencies are decentralized digital currencies that use cryptography to secure transactions. There are many different cryptocurrencies that have been created for various purposes, such as being used as a medium of exchange like Bitcoin, or being tied to a specific industry or business like some ICO tokens. While cryptocurrencies offer benefits like reduced fees and anonymity, there are also challenges to widespread adoption like volatility, usability issues, and lack of regulation and incentives. Some governments and companies are exploring using blockchain technology to potentially issue their own digital currencies in the future as a way to combine the benefits of fiat and cryptocurrencies.
What is next for the World of Digital Currency.docxSurendra Gusain
Digital currency is a term that is familiar to some people and unfamiliar to others. But if you aren’t aware of it, you must get familiar with it because it has the potential to change our view on money. The recent rise in Ethereum (ETH), Bitcoin (BTC), and various other cryptocurrencies that exist in digital format only, has led global national banks to research the working of these national digital currencies. So, in today’s blog, we will shed light on the topic “What is next for the world of digital currencies?” So, without wasting further time let’s get started!!
By examining digital currency, we aim to better understand
the impact it can have on the broader payments ecosystem.
While the concept of digital currency was introduced more
than a decade ago, recent developments have accelerated
its adoption, such as the emergence of fat-backed digital
currencies known as ‘stablecoins’; a growing community
of developers building applications on top of blockchain based networks; and rising interest among central banks to
introduce sovereign digital currencies.
The document discusses India's introduction of a central bank digital currency called the digital rupee (e₹). It will be issued by the Reserve Bank of India as a tokenized digital version of the Indian rupee. The digital rupee pilot was launched in 2022 for wholesale transactions, and later for retail users. Unlike cryptocurrencies, the digital rupee is centralized and regulated by the RBI. It aims to promote a cashless economy, financial inclusion, and reduce costs associated with physical cash. The document compares features of the digital rupee to cryptocurrencies and explains forms of central bank digital currencies.
CBIZ Banking & Financial Services Quarterly Newsletter-July 2019CBIZ, Inc.
CBIZ's Banking & Financial Services quarterly newsletter covers cryptocurrencies and what they mean for banking, the case for diversity on bank boards and rejection of the proposed changes to the credit loss impairment standard.
Banking technology is becoming more agile day by day. Banks are collaborating with Fintech firms to make their digital aspect more strong and secure. In this infographic, we listed few trends to watch out in the coming year 2018.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
A Financial Tech Tsunami Driven by Blockchain AI Crypto EconomicsDinis Guarda
How to Cope in / with a Financial and Tech Tsunami driven by Blockchain, AI and Crypto Economics?
The world economy and the financial industry are only in its early days of digitalisation and disruption.
We are going through a wave, or tsunami of emergent disruptive fintech systems and blockchain decentralised models that will change things forever.
At the moment there is a process of digitalisation / Tokenisation of the economy/ financial industry.
Three Important Trends for Digital Payments for the Growth of eCommerce in 2022PaymentAsia
Over the recent years, many trends have nudged merchant payment gateway providers towards diversification, especially in the areas of alternate payment methods and contactless payments. Moreover, the pandemic has only made it more conducive for eCommerce and payment diversification. Here are three rising trends that can fuel the exponential growth of eCommerce in 2022. Visit @ https://www.paymentasia.com/en/product-and-services/payment-gataway/
Impact of cryptocurrency on Economy - India and Global. This has been taken from several online sources. References mentioned at the end of the article. A cryptocurrency is digital money in an electronic payment system in which payments are validated by a decentralized network of system users and cryptographic protocols instead of by a centralized intermediary (such as a bank).
Money serves three interrelated economic functions: it is a medium of exchange, a unit of account, and a store of value. Without it, people would have to engage in a barter economy, wherein people trade goods and services for other goods and services.
There are speculations on whether cryptocurrency will be more efficient and secure than existing money systems or if it can effectively act as money and achieve widespread use. However, that is the not primary focus of the article.
Blockchain is making revolutionary changes in various industries including, the finance sector. Using blockchain in the finance sector, many companies are already utilizing the benefits of this technology. But why should we consider using blockchain specifically?
At present, the financial industry is plagued with a lot of issues such as increasing cyber-attacks, poor IT infrastructure, complicated regulations across territories, payment frauds and identity thefts, delayed cross-border transactions, and so on. However, the finance sector is failing to tackle these problems leading to low customer satisfaction. Here, using blockchain in banking these companies can finally get rid of all of these issues for good.
So, how is Blockchain used in finance? Typically, blockchain can offer a lot of benefits such as efficient cross-border transactions, enforcing smart contracts, the establishment of central bank digital currency, increased data security, and many more. All of these advantages of using blockchain in the finance function are helping many enterprise-grade companies like HSBC, MasterCard, ING, etc. to solve their technological lacking.
We at 101 Blockchains believe blockchain is a prominent solution to secure the future of finance. That’s why we are offering premium quality blockchain courses and certification to help you be educated on the subject matter. We offer a selection of masterclasses and courses specifically for blockchain in finance.
Blockchain in Finance masterclass will focus on the practical implementation of blockchain and help you understand the effect of blockchain in the finance sector.
Learn more about the course from here ->
https://academy.101blockchains.com/courses/blockchain-in-finance
Central Bank Digital Currency (CBDC) Masterclass will focus on asset tokenization schemes and highlight the scope of creating digital assets.
Learn more about the course from here ->
https://academy.101blockchains.com/courses/central-bank-digital-currency
Enterprise Blockchains and Trade Finance Course will focus on how blockchain can improve current trade finance processes.
Learn more about the course from here ->
https://academy.101blockchains.com/courses/enterprise-blockchains-and-trade-finance
We also offer lucrative certification courses for professionals who want to learn about blockchain in order to develop blockchain-based finance applications.
Learn more about these courses from here ->
Certified Enterprise Blockchain Professional (CEBP) course https://academy.101blockchains.com/courses/blockchain-expert-certification
Certified Enterprise Blockchain Architect (CEBA) course
https://academy.101blockchains.com/courses/certified-enterprise-blockchain-architect
Certified Blockchain Security Architect (CBSE) course
https://academy.101blockchains.com/courses/certified-blockchain-security-expert
FINTECHS & CORONA; WHICH FINTECH WILL GROW IN POST CORONA ERA by GÖRKEM ÇOKÇETİNMustafa Kuğu
This document discusses how different fintech sectors may be impacted by and grow after the COVID-19 pandemic. It notes that digital payments, digital banks, digital identity verification, and supply chain financing could see high growth as customer demand increases for contactless financial services. SME lending and fraud prevention technologies may also grow as businesses seek new funding options and demand for secure digital transactions rises. Overall, fintechs that can help businesses access stimulus funds, consumers manage finances digitally, and enable remote work could benefit in the new normal as more activities move online permanently after the crisis.
1) Paperless currency like Bitcoin uses blockchain technology to operate without a central authority by distributing a ledger of transactions among a network of users. This allows for fast, global transactions without fees.
2) While paperless currency provides advantages like ease of international transfers and protection from inflation, it also poses privacy, security, technological, and economic risks. A transition to a cashless system could negatively impact the poor and informal economy.
3) Both paperless and cash-based systems have benefits and drawbacks. A cashless system enables easier tax collection but could encourage overspending and debt. Privacy, hacking, fees, and negative interest rates are concerns of purely digital currencies.
This document discusses electronic payment systems. It begins with an introduction that defines electronic payment systems as payments made through an electronic medium without cash or checks. It then outlines the objectives and growth of electronic payments. The rest of the document outlines the advantages and disadvantages of electronic payments, the payment process, types of electronic payments including credit cards and e-wallets, a comparison of payment systems, the landscape of e-payments in India, and the future scope of electronic payments. It concludes by discussing how technology has made financial transactions more convenient through electronic payments.
This document discusses emerging payment systems and how millennials are driving changes in banking. It outlines current payment trends like increased mobile banking and adoption of contactless payments. Emerging technologies are allowing for more do-it-yourself banking options. The document predicts that within 5-10 years, digital banking will be more widespread and branches will be redefined to focus on community. Millennials preferences for convenience and security are pushing financial institutions to innovate their payment systems.
Cashless Economy and its Impact on Modern Society.Raghav kulkarni
The following Paper Illustrates the effects of Cashless Economy and how this payment methodology influenced modern day Society and How has Cashless economy influences a countries Growth.
This document discusses cashless transactions in India. It begins by defining a cashless economy as one where transactions are made through electronic means like debit cards, credit cards, e-wallets, and direct bank transfers, rather than cash. The document then outlines various methods of cashless transactions available in India, including digital wallets, UPI apps, debit/credit cards, online bank transfers, and Aadhaar-enabled payments. It also discusses the objectives, benefits and limitations of promoting a cashless economy in India, such as increased transparency, reduced corruption, and challenges like digital illiteracy and lack of infrastructure in rural areas.
Cryptocurrencies are decentralized digital currencies that use cryptography to secure transactions. There are many different cryptocurrencies that have been created for various purposes, such as being used as a medium of exchange like Bitcoin, or being tied to a specific industry or business like some ICO tokens. While cryptocurrencies offer benefits like reduced fees and anonymity, there are also challenges to widespread adoption like volatility, usability issues, and lack of regulation and incentives. Some governments and companies are exploring using blockchain technology to potentially issue their own digital currencies in the future as a way to combine the benefits of fiat and cryptocurrencies.
What is next for the World of Digital Currency.docxSurendra Gusain
Digital currency is a term that is familiar to some people and unfamiliar to others. But if you aren’t aware of it, you must get familiar with it because it has the potential to change our view on money. The recent rise in Ethereum (ETH), Bitcoin (BTC), and various other cryptocurrencies that exist in digital format only, has led global national banks to research the working of these national digital currencies. So, in today’s blog, we will shed light on the topic “What is next for the world of digital currencies?” So, without wasting further time let’s get started!!
By examining digital currency, we aim to better understand
the impact it can have on the broader payments ecosystem.
While the concept of digital currency was introduced more
than a decade ago, recent developments have accelerated
its adoption, such as the emergence of fat-backed digital
currencies known as ‘stablecoins’; a growing community
of developers building applications on top of blockchain based networks; and rising interest among central banks to
introduce sovereign digital currencies.
The document discusses India's introduction of a central bank digital currency called the digital rupee (e₹). It will be issued by the Reserve Bank of India as a tokenized digital version of the Indian rupee. The digital rupee pilot was launched in 2022 for wholesale transactions, and later for retail users. Unlike cryptocurrencies, the digital rupee is centralized and regulated by the RBI. It aims to promote a cashless economy, financial inclusion, and reduce costs associated with physical cash. The document compares features of the digital rupee to cryptocurrencies and explains forms of central bank digital currencies.
CBIZ Banking & Financial Services Quarterly Newsletter-July 2019CBIZ, Inc.
CBIZ's Banking & Financial Services quarterly newsletter covers cryptocurrencies and what they mean for banking, the case for diversity on bank boards and rejection of the proposed changes to the credit loss impairment standard.
Banking technology is becoming more agile day by day. Banks are collaborating with Fintech firms to make their digital aspect more strong and secure. In this infographic, we listed few trends to watch out in the coming year 2018.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
2. about
history
method
s
growth
future
crypto
WHAT IS CASHLESS ECONOMY
It is an economy in which transactions of cash are
carried less whereas most of the transactions are
carried out on the basis of credit cards, debit cards, e-
wallets or any digital payments. This method is much
cheaper as compared to payment in cash as it avoids
overprinting of money for circulation in economy.
about
4. about
history
method
s
growth
future
crypto
UPI PAYMENTSQR CODE AADHAR
ENABLED
PAYMENTS
METHODS OF CARRYING OUT E-
TRANSACTIONS
ONLINE/MOBI
LE BANKING
NEFT/RTGS
THESE ARE FEW OF THE METHODS OF CARRYING OUT DIGITAL
PAYMENTS OTHER INCLUDE CHEQUE/DEMAND DRAFT, DEBIT/CREDIT
CARD,DIGITAL CURRENCY LIKE CRYPTO etc..
5. about
history
method
s
growth
future
Crypto
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2005 2010 2015 2020 2025
DIGITAL PAYMENT:-THE GROWTH JOURNEY
DIGITAL CASH OTHER PAPER
India’s digital payments story is akin to none. This revolution prevailed over other
nations gradually due to demonetization move launched on 08/11/16. Further,
cashless transactions also encouraged people to purchase more, thereby,
contributing to the economic growth. Experts opine that this transformation has
the potential to take India closer to its dream of becoming an economic
superpower by ensuring transparency and accountability in the system and
7. about
history
method
s
growth
future
CAN CRYTPO CURRENCY HELP IN
IT?
CBDC stands for Central Bank
Digital Currency
It’s a debatable topic that “CAN CRYPTO-
CURRENCY HELP IN MAKING INDIA A DIGITAL
COUNTRY” some say yes others say no but right
now , central banks around the world are
scrambling to create their own digital currencies
(CBDCs) that will meet these requirements. Their
surveys show that privacy has emerged as a top
concern among citizens and bankers. One or
more stablecoins may emerge that can also meet
the requirements. It’s up to us – the community –
to ensure that the right instruments are adopted.
8. about
history
method
s
growth
future
crypto
8M
Add Some Brief
Text Here to
Explain
6M
Add Some Brief
Text Here to
Explain
7M
Add Some Brief
Text Here to
Explain
barrier
0 10 20 30 40 50 60 70 80
Habit to use cash
complexity of using
lack of compelling
inertia of non cash
offers from other methods
fraud/hidden charges
reach
KEY BARRIER TO DIGITAL PAYMENTS
9. about
history
method
s
growth
future
crypto
8M
Add Some Brief
Text Here to
Explain
6M
Add Some Brief
Text Here to
Explain
7M
Add Some Brief
Text Here to
Explain
barrier
Pros/Co
ns
Pros/Cons
It is
transparent
and
accountable
Tax evasion
will be reduced
Corruption will
be abridged
Eco friendly
economy
Illiteracy is the primary
hindrance to digital India
Increasing rate of cyber
fraud
Poor infrastructure
issues
Various surcharges and
taxes
10. about
history
method
s
growth
future
crypto
8M
Add Some Brief
Text Here to
Explain
6M
Add Some Brief
Text Here to
Explain
7M
Add Some Brief
Text Here to
Explain
barrier
Pros/Co
ns
Pros/Cons
It is
transparent
and
accountable
Tax evasion
will be reduced
Corruption will
be reduced
Eco friendly
economy
Illiteracy is the primary
hindrance to digital India
Increasing rate of cyber
fraud
Poor infrastructure
issues
Various surcharges and
taxes
Thank
you
PRESENTED BY:-
MADHAV,TANISHKA,VARUN,MINK
AL.
XII-C