Crypto currency will give the consumer the abillity to save whilst they spend. Create coinEX coinEX can then be purchased and used to make purchases as an alternative currency for online, social media and at retail outlets. How do you spend and save? An increase in coiEnX value creates profit on invesment Consumer uses coinEX as a payment method for a purchase . Opportunity for consumer to use profit gained on coinEX as payment and keep exsiting investment to mature again. Further investment possible? It sure is! Our platform will give coinEX user the option to invest there gains/savings into our cypto currency exhange, we will then use there investment and allocate it into the most lucrative coins/ICO`s This will help strenghten the coin even further as all further invesment transactions will be done using the coinEX coin. Who are we? What do we do? Esmail Enterprises working in conjunction with Get Connected is a distribution Company servicing the independent retail sector for …show more content…
The consumer market would now be able to benefit from investing in a Cryptocurrency market which will give them not only an oppotunity to make profit from the investment but now have an option to use profit to do daily purcahses by using a simplyfied paymnet system (as easy as paying by cash). Once coinEX is established and transactions are a normal way of consumer spending habit, the option to allow other Crypto currencies to use our platform at a cost (specified at a later date) would be another opportunity. Strength: Longest standing and have strong awareness in the market place. Weakness: Only geard to taking payment with a very small earning for
Capital One has a long history of creating long standing relationships with their customers. They have achieved this through a complex marketing strategy, This strategy has propelled them forward, allowing for them to conquer feats unlike any other companies. Although this strategy has faced both its ups and downs, meaning it has undergone a multitude of changes throughout the years. Capital One’s marketing strategy has created both successes and failures, but with it’s growing nature will continue to strive for excellence, as shown from previous accounts.
The evolution of the express mail industry had become a quick on-time shipping and delivery of packages. The service had become effective, reliable, and prompt, which most of the top companies could deliver on these guaranteed promises 96-99% of the time. But, delivery services were only a portion of the services being offered to their customers. Carriers had mastered information management that they shared with their customers. Customers were now able to fill out labels, track the route of their package, and assisted in billing using both via carrier provided software or the Internet.
This is the service that Robinhood needed to roll out in lieu of trading on margins by reason of this way they completely misread the needs and wants of their target market. As a result, Robinhood Financial, LLC is missing out on a large market segment just by missing that feature. As I mentioned earlier, Robinhood has been operating at a massive loss. The main reason is that until now, they had no paid options or other ways to monetize their user base. Now, they do have one option. Unfortunately, is not only extremely limited, but it is not what the bulk of their users
This memorandum addresses some of the key issues with Edward Jones, which includes the lack of an online presence, possible cannibalization from larger firms, and the inability to manage funds from institutional investors. I conclude that the most effective of all of the theorized strategies would be a combination of Edward Jones’ original business model with an online platform. This plan would allow Edward Jones to stay true to its fundamentals, as well as attract new clientele and provide better service to its existing clients.
American Express provides an online currency exchange service to its customers and small businesses. To maintain competitiveness, the company must ensure that their service is secure, easy to use and cost effective. There are innumerable and continuous opportunities for the company to take advantage of other companies or businesses that need to manage foreign currency and exchange rates. The opportunities exist in established markets as well as emerging markets. The increase in access and usage of the internet makes it easier to find buyers or suppliers even in remote places ("Online Currency Exchange", 2016).
The Second Law of Thermodynamics (also called the Law of Entropy) states that, generally, the universe moves from order and structure to a state of disorder. What we witness around is staggering complexity. Complexity has found its way into economics too. Eric Beinhocker, the author of “The Origin of Wealth”, estimates that in New York City alone, there are some 10 billion SKUs, or distinct commodities, being traded in a day. This is why, when an invention as simple as bitcoins was created, it made the economy uneasy. Over the past years, there has been an increase in interst in the cryptocurrency system by financial institutions and governments. However, their position is typically stated by “I like blockchain but not bitcoin.”
The main competition money exchange businesses face is other exchanges in other areas such as post office, banks and electronic sources such as cash tills and credit cards.
selected currencies is one of the approaches to make money. For the past many years,
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
The foreign exchange market is a worldwide decentralized over-the-counter financial market for the trading of currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies. (wiki.org)
First, if it's still an international concept for you, cryptocurrency is any of a number of digital money that can be made use of for online deals without intermediaries such as financial institutions. Without financial institutions, cryptocurrency can be traded and made use of for business between 2 or even more individuals without the oversight-- as well as expense-- of those intermediaries.
The online payment marketplace is experiencing an explosion of innovative ideas, plans, and announcements, which one commentator has likened to a “goat rodeo”, a chaotic situation in which powerful players with different agendas compete with one another for public acceptance, and above all, huge potential revenues. Others liken the payment marketplace to a battle among the four platform titans Apple, Google, Facebook, and Amazon. Each of these titans have their own versions of a future payment system that challenges the other players. And let’s not forget PayPal, the reigning power in alternative online payment, or the credit card companies who process over 70% of online payments, or the
A lot has been said about the convenience of electronic cash, the time it saves for individuals, and the ease of access resulting in money being instantly available without having to be carried around while currency exchange will be largely unnecessary.
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
Money is defined as an instrument that serves as a medium of exchange, a measure of value, a store of value and a standard of deferred payments.