Contactless repayments and cell payments, in general, have been on a sustained boom curve for the last few years. Some years ago, articles appeared that even recommended that we are searching at the end of cash. A cashless society, even two years ago, would have been a daring prediction. Now, it is a useless certainty. Even in rural areas, where cash used to be king for generations, cellular and contactless payments are prevalent. Data from Mastercard has published a

DEFINITION of Crypto Commodity Crypto-commodity is a general term used to describe a tradable or fungible asset that may represent a commodity, utility, or a contract in the real- or the virtual-world on the blockchain network through exclusive tokens. BREAKING DOWN Crypto Commodity A quick dive into the evolutionary history

While the high volatility in cryptocurrencies has raised concerns among investors, the blockchain and cryptocurrency industry is finding new avenues to keep itself exciting and appealing to the masses. Despite the recent decline in crypto valuations, there is no dearth of the new-age millionaires who were early adopters of the

What Is Ripple (Cryptocurrency)? Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. It was first released in 2012 and was co-founded by Chris Larsen and Jed McCaleb. The coin for the cryptocurrency is premined and labeled XRP. Ripple is the

Blockchain contain three important concepts which is blocks, nodes and miners. Blocks Every chain contain of multiple blocks and each block has three basic elements: Data  Hash Hash of previous block   When the first block of a chain is created, a nonce generates the cryptographic hash. The data in

Telegraphic transfer (TT) is an electronic method used primarily for overseas wire transactions for the transfer of funds. In reference to Clearing House Automated Payment System (CHAPS) transfers in the UK, these transfers are most frequently used system of banking. Also known as telex transfers, abbreviated TT, telegraphic transfers can

The most important thing about money is; can be count on its value and the value is stable over the time. Underpinning the value of money Fiat currency is legal tender whose value is backed and underpinned by the government that issued it. Why a fiat currency is better economic