Electronic money, or e-money, is the money balance recorded electronically on a stored-value card. These cards have microprocessors embedded which can be loaded with a monetary value. Another form of electronic money is network money, software that allows the transfer of value on computer networks, particularly the internet. Electronic money is a floating claim on a private bank or other financial institution that is not linked to any particular account.[1] Examples of electronic money are bank deposits, electronic funds transfer, direct deposit, payment processors, and digital currencies.Electronic money can either be centralized, where there is a central point of control over the money supply, or decentralized, where the control over the …show more content…
Below Fig shows the monthly standard deviation of daily log returns of bitcoins on the three exchanges. There clearly have been months when prices and returns have been volatile. Compared to the well-known one-percent per day typical standard deviation of broad stock return indices in the United States, the standard deviation is quite high. The mean standard deviations across months are 7.2 percent per day for Mt. Gox, 5.1 percent per day for btce and 5.5 percent for Bitstamp.30 The standard deviations are very skewed, with lower medians of 5.2, 4.7 and 4.4 percent per day, respectively. While this is lower, it is not low relative to holding a broad portfolio of stocks. The minimum values of the standard deviations are quite a bit lower, being 1.1, 0.9 and 1.0 percent for the three exchanges respectively. To some extent, the volatility can be attributed to extraordinary developments, with maximum standard deviations of 17.0 percent in June 2011 for Mt. Gox, 16.2 percent in April 2013 for btce and 16.2 percent in October 2011 for Bitstamp. There are high correlations of the standard deviations, even though the differing dates of maximum volatility might suggest
Imagine a world where phones actually complete your entire world. Where you don’t have to worry about cash to pay your bills; a swipe from your phone et voila! Your bill is paid. Imagine 1.2 billion Indians empowered with that kind of facility.
Historically, the volatility of the stock market is roughly 20% a year and 5.8% a month, but volatility keeps on changing, so we go through periods of high volatility and low volatility.
The submission of claims can be submitted electronically through a MAC. MAC is Medicare Administrative Contractor and you use that from a provider using a computer with software that meets electronic filling requirements as established by the HIPAA claim standard. You have to meet the CMS requirements contained in the provider enrollment. Also the certification is the category area . Anything after January 1, 2012 submitted electronically must be in 5010 standard. If it is not it will not be excepted.
With the advance technology, banking has become a 24 hours a day and seven days a week ability. Not too long ago banks were only open from 9:00am to 3:00pm, workers and businesses rushing to get to the bank before they close. Paychecks were handed out personally not direct deposit, cashing or depositing a paycheck entailed a trip to the bank. Now most companies have direct deposit and the printed paycheck is becoming a thing of the past, this is only one example of how technology in banking has changed in society. The electronic banking (e-banking) can be described as the automated method of new and traditional banking services which reduce cost, and simplify front and backend process satisfying customers.
Digital currency is an Internet-based means of exchange different from physical currency such as circulating printed paper currency and coins.[1] Digital currency allows for instant transactions and boundaryless transfer-of-ownership. Both virtual currencies and cryptocurrencies are types of digital currencies. Like traditional physical money these currencies may be used to buy physical goods and services. Additionally, this digital currency could also be restricted
With the advance technology, banking has become a 24 hours a day and seven days a week ability. Not too long ago banks were only open from 9:00am to 3:00pm, workers and businesses rushing to get to the bank before they close. Paychecks were handed out personally not direct deposit, cashing or depositing a paycheck entailed a trip to the bank. Now most companies have direct deposit and the printed paycheck is becoming a thing of the past, this is only one example of how technology in banking has changed in society. The electronic banking (e-banking) can be described as the automated method of new and traditional banking services which reduce cost, and simplify front and backend process satisfying customers.
Crypto-currency is universal, the fee for transactions are cheap, there is a potential for making money from investing and it is going to be the new way of the world. According to Merriam-Webster.com, cryptocurrency is, “any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on cryptography to prevent counterfeiting and fraudulent transaction” (Merriam-Webster). There is a global problem with converting money between countries and this will solve it. Everyone needs to invest in crypto-currency because there is not only potential to make money but it is the answer to simplifying world-wide trade, making it the new way of the world.
Online banking has become popular in this 21st century that online banking safety tips should be considered as a very important aspect of online banking if you don't want to fall victim of online fraudsters who are looking for whom to defraud.
Nowadays there are a lot ways of payment for goods and services. For instance, debit and credit cards, Android Pay, Apple Pay, e-Check, and Visa Checkout. But there are also ways for us to earn it, use it or counterfeit it where it is called cryptocurrency. Most of countries in this world used this type of currency. What is cryptocurrency? A cryptocurrency or in the other word crypto currency is a digital asset that was designed to work as a medium of exchange using cryptography. The function is to control or maintain the creation of additional units of the currency and also to secure the transaction. In other way, Cryptocurrency is a modified electricity into a line of code with the value of money. In the simplest of terms, cryptocurrency is a digital currency. The first cryptocurrency is Bitcoin which was created in 2009.
Shortly after learning what bitcoin is, one begins to ponder if there are advantages or disadvantages of bitcoin? Of course, there are some advantages of bitcoin for its uniqueness as a crypto currency that has no comparison. A perfect "nothing" is impossible according to quantum mechanics, so bitcoin also has few imperfections. Read on to find out both about this digital currency.
Bitcoin is a platform which serves the role of intermediaries exactly as a traditional institution. It helps in making it harder to cheat in transactions and reduction in the value of credibility lent trusted intermediaries. A lack of trust becomes less of an impediment to trade opening up financial market participants (Obstfeld and Rogoff. 334). It is able to save cost, speeds up the clearing and settlement, as well as brings the reduction of the operational risks. It could also help implement tailor-made transactions protocol which means it would keep transaction detail confidential and the supervisors are able to receive the records as the same time. It improves the bargaining power of sellers and buyers when they deal with brokers which can be it’s most significant function (Dirk 1).
As the year of 2018 approaches, technology is advancing quickly to come up with new software’s and devices. These new inventions are helping individuals and corporations succeed in their path to innovation. With new devices like the iPhone X, people are starting to get a feel of what the future looks like. Apple brought out the device with features like face recognition and other great qualities that might make people say, “This is the future”. Devices like the new iPhone are leading to new lifestyles with less effort needed from the individual; however, other devices and software have been developed to improve life on a global level. For example, virtual currency is the leading innovation available now that is creating a big change on the global scale. It is reshaping, improving, and building economies for many countries, thus leading to the change of the overall world economy. It is rapidly rising since the population of the world is growing more aware of its existence and utilities. One can safely say that virtual currency is making positive change to the world and is building the structure of future monetary systems.
Now of days we are beginning to experience natural disasters, from the category five hurricane in Texas to major earth quakes in New Mexico. The way that things are looking now I believe we will experience these situations more and more throughout the years. Most people have electronic devices but do not know the basics on how to protect their devices from power surges, power outages and other electrical variations. In the following paragraphs I will give you tips and information on how to protect your computers and devices from power outages. This information will be helpful for people who are on budgets but still want something that will actually work and others who are not on budget and want top quality ways to protect their devices from power outages and other electronic devices.
Historically, the volatility of the stock market is roughly 20% a year and 5.8% a month, but volatility keeps on changing, so we go through periods of high volatility and low volatility.
Digital payment is a way of payment where the, payer and payee both use electronic modes to send and receive money. The transactions in digital payments can be completed using cards, mobile or internet based setups. It is an instant and convenient way to make payments.