Category: Finance

Cryptocurrency is trendy right now and my advice is to be very attentive when investing in this market. Cryptocurrency is used in every industry and here are some examples. Insurance : Proof of insurance—Nationwide insurance company is currently testing a blockchain solution to provide proof-of-insurance information called RiskBlock. Ultimately, when this tool is fully deployed it will help law enforcement, insured and insurers verify insurance coverage in real time and accelerate claims processing.

Logistics and supply blockchain cases : Provenance—Consumers are increasingly demanding transparency regarding the products they purchase and consume to ensure the sourcing of materials and production of products adheres to their individual values. Provenance uses blockchain to provide chain-of-custody and certification of supply chains.

In life-and-death settings, the lack of reliable data and sluggish interfaces may prove devastating. The Essentia framework addresses all these issues by using a blockchain-powered system that will store clinically relevant patient data and which can be immediately accessed, regardless of geographical borders. Patient privacy is maintained on a secure decentralized network where access is granted to only those who are medically authorized and only for the duration needed.|Ukraine holds the honor of becoming the first nation to use blockchain to facilitate a property deal. A property in Kiev was sold by prominent cryptocurrency advocate and TechCrunch founder Michael Arrington. The deal was enabled with the aid of smart contracts on the Ethereum blockchain, and is intended to be the first of many completed by Propy, a startup specializing in blockchain-based real estate deals. See extra info at Ethereum (ETH) Price.

Most people know that cryptocurrencies such as Bitcoin use blockchain technology, but what exactly is blockchain? If you imagine Bitcoin as a car, then blockchain would be the combustion engine; i.e. blockchain is the underlying technology that drives the system.

One of the most crucial aspects of blockchain technology is that data is decentralised, with information shared across a peer-to-peer network. Each block contains transaction information and a time stamp. Blocks are also permanent and cannot be altered without consensus from the entire network and without altering all subsequent blocks. If only time travel were possible then majority of people would wish to back in 2010 to buy bitcoins. A mere 10,000 rupees invested in bitcoins back then would have fetched you over mind boggling 330 crores by now! The world was stunned with such a phenomenal growth of bitcoins as a cryptocurrency. Keep reading this post as we will explain about bitcoin shortly. But how could such a currency grow stupendously on a global scale? The answer is Blockchain. Simple as it may sound there are huge mechanisms in place in making the technology work. The time spent by IBM global financing was reduced by 75% in solving financial disputes using Blockchain technology. Did you know that in international trade finance and remittances ICICI bank using Blockchain technology successfully executed transactions? Did you know SBI is using it in its KYC norms and smart projects? Did you know that Azure is already providing Blockchain as a service(BaaS)? And these are just three instances of the applications of Blockchain and the most obvious use case is bitcoin.

Here are some terms explained : Airdrop: A marketing campaign that distributes a specific cryptocurrency or token to an audience. It is usually initiated by the creator of a cryptocurrency in order to encourage use and build popularity of the coin or token. Most airdrop campaigns run with mechanics such as receiving coins or tokens in exchange for simple tasks like sharing news, referring friends, or downloading an app.

Byzantine Generals’ Problem: A situation where communication that requires consensus on a single strategy from all members within a group or party cannot be trusted or verified. An example of this agreement problem is where a group of generals, encircled around a city, must decide whether to attack or retreat. Every general must agree to attack or retreat, or everyone will be worse off. Some generals may be treacherous, voting falsely, and messengers may deliver false votes. Under these circumstances, a consensus must be reached. In cryptocurrency, when network participants post false or inaccurate information to others about transactions taking place, it could lead to network failure. *see Byzantine Fault Tolerance (BFT).

Delegated Proof-of-Stake (dPOS): A consensus mechanism where users can vote for delegates producing blocks on the blockchain, with votes proportional to their stake. It aims to increase efficiency and environmental friendliness of blockchain consensus protocols.

And the latest crypto news : According to Cointelegraph Japan, the FSA has identified shortcomings in Fisco’s internal control systems — such as anti-money laundering measures — and found it to be insufficiently compliant with local laws and regulations. As previously reported, Fisco assumed ownership of Japanese exchange Zaif in fall 2018, shortly after the platform was hacked to the tune of ~$59.7 million. The FSA’s action has reportedly been taken under the provisions of the country’s Act on Settlement of Funds. Read more details on Litecoin (LTC) Price

Charge cards have no preset spending limit. They allow you to make purchases and pay back the entire amount each month upon the due date. Failure to do so will incur heavy fees. Also, charge cards will reflect maxed out utilization on your credit report and can lower your credit score. Using credit cards is better for your credit and the set credit limit allows you to control your spending.

One way to keep your credit score healthy is to keep your credit utilization ratio under 30%. This credit utilization ratio is the percentage of total available credit that you’re using. For example, if your limit is $1,000 you should keep your balance under $300. But the ratio applies to the sum of all your cards – so if one credit card has a $3,000 limit with a $3,000 balance and a second card has a limit of $7,000 with no balance, you’re right at the 30% mark ($3,000 of an available $10,000) which is where you want to be.

When you pay for something with a credit card, you’re not using your own money but borrowing it from the financial institution that issued you the card. If you charge correctly, credit cards are terrific. When you don’t, they can be terrible. Here’s the scoop. Each charge is a loan. Every time you use the card, you’re tapping into a line of credit, which is a predetermined amount of money that you can spend that is set by the issuer. Once you get approved for a card, you can choose to borrow some or even all of what is available to you. Therefore, if your credit line (sometimes called a credit limit) is $1,000, you may charge up to that amount.

Qualifications for applicants for the cash card UOB Cash plus , Thailand’s latest cash card.

For anyone interested, would like to look for some cash cards, especially with UOB Cash plus. Let’s check the features better, if you can apply for this latest cash card :

1. For business owners
Is a Thai natural person aged 20-26 years
Monthly income 20,000 baht or more
3 years of working life in the same business

2. For regular employees
Being a Thai national, aged 20-26 years
Monthly income 15,000 baht or more
Have a working age of 1 year or more in the current company Or in the same business

Shopping through rewards malls will earn you stellar rewards: If you’re a big online shopper, you should definitely use your credit card’s rewards mall every time you place an order. This is an easy and convenient way to earn tons of extra rewards on every dollar you spend. And don’t assume that your particular issuer doesn’t offer this benefit. Even if it’s not widely advertised, look around a little the next time you visit your credit card’s website. You’ll probably find some type of rewards mall or portal that you never noticed before.

For our thai visitors :

 

วิธีการสมัครบัตร uob cash plus จะแบ่งเป็นสองแบบคือ ผู้ที่สมัครเป็นพนักงานเอกชน และผู้ที่สมัครเป็นเจ้าของธุรกิจส่วนตัว เริ่มจากเอกสารที่ต้องใช้เหมือนกันคือ

สำเนาบัตรประชาชน อาจจะดูเหมือนง่าย แต่หลายคนก็พลาดตกม้าตายเหมือนกัน เพราะบัตรประชาชนเก่า เลือน พอถ่ายเอกสารออกมาดู อ้าว! ไม่ชัด ใช้ไม่ได้ ต้องไปทำบัตรประชาชนใหม่ก็มี เพราะฉะนั้นก่อน สมัครบัตร Uob cash plus  ดูให้แน่ใจก่อนว่าบัตรนั้นรูปถ่ายชัดเจนดี

สำเบาบัญชีธนาคารย้อนหลัง 6 เดือน หากเป็นการพนักงานบริษัท ต้องเป็นบัญชีเงินเดือน อย่าลืมข้อนี้ เพราะไม่อย่างนั้นไปเอาบัญชีอื่นมาก็แห้วนะเออ และอีกข้อที่สำคัญคือชื่อหน้าบัญชีกับชื่อบัตรประชาชนต้องตรงกัน บางคนเคยเปลี่ยนชื่อมา ยังแก้เอกสารไม่ทั้งหมด เพราะไม่ได้ใช้บัญชีเท่าไหร่ ก็เดี๋ยวนี้โอนเงินออนไลน์สะดวกสบายไปอีก พอถึงเวลาจะใช้ เอ้า ชื่อไม่ตรงกับบัตรประชาชนซะอย่างนั้น

สลิปเงินเดือน (กรณีเป็นพนักงานบริษัท) ขอตัวจริงและถ่ายเอกสารมาด้วย แน่นอนว่ายอดรายได้ต่างๆ ต้องสัมพันธ์กับบัญชีเงินเดือนที่กล่าวไว้ข้างต้น

สำเนาหนังสือรับรองการจดทะเบียนบริษัท (สำหรับเจ้าของธุรกิจส่วนตัว)

สำเนารายชื่อผู้ถือหุ้นปัจจุบัน (คัดสำเนาย้อนหลังไม่เกินสามเดือน) (สำหรับเจ้าของธุรกิจส่วนตัว)

และถ้าหากต้องการให้โอนเงินเข้าบัญชีก็อย่าลืมนำสำเนาหน้าบัญชีธนาคารที่เราต้องการให้โอนเงินเข้าไปด้วย

Mortgage terms : Closed mortgage – A mortgage that cannot be repaid or prepaid, renegotiated or refinanced prior to maturity, unless stated in the agreed upon terms. Closing costs – Costs that are in addition to the purchase price of a property and which must be paid on the closing date. Examples include legal fees, land transfer taxes, and disbursements. Debt service ratio – The percentage of the borrower’s income used for monthly payments of principal, interest, taxes, heating costs, condo fees (if applicable) and debts. GDS is gross debt service – how much you spend on Principal, Interest, Taxes and Heating. TDS is total debt service – GDS plus all other debt payment obligations. Default – A homeowner is ‘in default’ when he or she breaks the terms of a mortgage agreement, usually by not making required mortgage payments or by not making payments on time. Down payment – The money that you pay up-front for a house. Down payments typically range from 5%-20% of the total value of the home, but can be anything above 5%, if you qualify. Early Discharge Penalty – A penalty you may pay your lending institution for breaking the mortgage contract early. This is usually 3 months interest or the Interest Rate Differential (IRD), whichever is larger. See below for IRD.

Paying attention to your financial situation is very valuable. Here are some advices related to finance terms. Business credit cards are designed specifically for business use. They provide business owners with an easy method of keeping business and personal transactions separate. There are standard business credit and charge cards available. Even for a business credit card, your personal credit history is considered because the credit card issuer still needs to hold an individual accountable for the credit card balance.

Obtaining a Payday Loan: Payday loan providers are typically small credit merchants with physical locations that allow onsite credit applications and approval. Some payday loan services may also be available through online lenders. To complete a payday loan application, a borrower must provide paystubs from their employer showing their current levels of income. Payday lenders often base their loan principal on a percentage of the borrower’s predicted short-term income. Many also use a borrower’s wages as collateral. Other factors influencing the loan terms include a borrower’s credit score and credit history, which is obtained from a hard credit pull at the time of application. More financial calculators at Home equity loan calculator.

Terms: A working capital loan is one taken to finance the everyday operations of a company. Organizations in industries that have high seasonality or cyclical sales cycles often rely on this type of loan to help tide them over during periods of reduced business activity.

Equity: The value of an asset after all debts against it have been calculated. A property may be worth $800,000, for example, but if it has a $500,000 mortgage against it, the equity the owner has is $300,000. More financial info on Year fixed mortgage rates today.

GAAP: As a new investor, it’s important to know the distinction between like measurements because the market allows firms to advertise their numbers in ways not otherwise regulated. For instance, often companies will publicize their numbers using either GAAP or non-GAAP measures. GAAP, or Generally Accepted Accounting Principles, outlines rules and conventions for reporting financial information. It is a means to standardize financial statements and ensure consistency in reporting. When a company publicizes its earnings and includes non-GAAP figures, it means they want to provide investors with an arguably more accurate depiction of the company’s health, like removing one-time items to smooth out earnings. However, the further away a company deviates from GAAP standards, the more room is allocated for some creative accounting and manipulation (like in the case of EBITDA). When looking at a company publishing non-GAAP numbers, new investors should be careful of these pro-forma statements, as they may differ greatly from what GAAP deems acceptable.

Mortgage default insurance – Required if you are contributing between 5% and 20% of the value of the property as the down payment or to satisfy lender requirements, when necessary. More on Mortgage refinance calculator. High ratio mortgage – A mortgage where the borrower is contributing less than 20% of the value of the property as the down payment. The borrower may have to pay a mortgage default insurance premium such as CMHC insurance, usually tacked onto the mortgage amount.

If you are having trouble making ends meet, contact your creditors or see a legitimate credit counselor: this won’t rebuild your credit score immediately, but if you can begin to manage your credit and pay on time, your score should increase over time. And seeking assistance from a credit counseling service will not hurt your FICO Scores. Amounts owed tips, This category contributes 30% to a FICO® Score’s calculation and can be easier to clean up than payment history, but that requires financial discipline and understanding the tips below.

Your credit score is a numerical reflection of all of the financial information contained in your credit report. Credit reports come from one of three credit bureaus: Equifax, Experian, and Transunion. Creditors and other companies send in financial information related to you and other consumers to help build an accurate representation of your creditworthiness.

New credit tips: Re-establish your credit history if you have had problems: opening new accounts responsibly and paying them off on time will raise your credit score in the long term.

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Bankruptcies may be reported for no more than ten years from the date you initially filed. If your case was dismissed, the ten years starts from the date of dismissal. The amount of time also depends on the type of bankruptcy you filed. Chapter 13 bankruptcies stay on for only seven years, while Chapter 7 bankruptcies remain on your credit report for the full ten years.

Quick Loan Shopping – If you have bad credit and can’t find any other way to improve your score, you could consider taking a “quick loan.” These are typically loans for small amounts — $250 to $1,000 — that get repayment history reported to credit agencies, and can become a positive on your credit report. This is a last resort. See If You Qualify for a 0% Interest Card – Several companies offer cards with 0% interest on balances, but there are caveats to this. There can be a fee for transferring the balance and the zero-percent offer is only good for an introductory period, typically 12-18 months. It usually takes a very good credit score to qualify for one of these.