#Currency and Bank Cards in Bahrain
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lionheartlr · 1 year ago
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Discover Bahrain: Your Ultimate Travel Guide
Welcome to Bahrain, a gem in the Arabian Gulf offering a rich tapestry of history, culture, and modern attractions. This guide will provide you with everything you need to know to plan an unforgettable trip to Bahrain. A Brief History of Bahrain Bahrain, an archipelago of 33 islands, has a storied history that dates back thousands of years. It was once the center of the Dilmun civilization, one…
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necbahrain · 1 month ago
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Why NEC is Bahrain’s Trusted Partner for Currency Exchange and Money Transfers via Western Union
In today’s fast-paced world, sending money across borders and exchanging currency should be easy, secure, and reliable. For residents and businesses in the Kingdom of Bahrain, NEC (National Exchange Company) has earned its place as a trusted partner for all money transfer and foreign exchange needs.
A Strong Local Presence
With a network of 24 strategically located branches across Bahrain’s major commercial and residential areas, NEC ensures that every customer has easy access to professional financial services—right in their neighborhood. Whether you're sending money to family, receiving funds, or converting currency before traveling, NEC is just around the corner.
Global Remittance Made Simple with Western Union
NEC is proud to be a leading Western Union agent in Bahrain, offering customers the ability to send and receive money around the world quickly and safely. Western Union is a globally recognized brand, trusted for secure and instant money transfers. With NEC, customers benefit from the power of Western Union’s global network and NEC’s unmatched local expertise.
In addition to Western Union, NEC also provides its own secure money transfer service—NEC Remit—giving customers even more options tailored to their needs.
More Than Just Money Transfers
NEC’s services go beyond remittance. The company also offers:
Currency exchange with competitive rates
Wholesale banknote trading for institutions and large transactions
Prepaid card services for convenient digital payments
Mobile payment solutions that match today’s digital lifestyle
With this wide portfolio, NEC is more than just a money exchange—it's a full-service financial partner.
Trust Built Over Time
What makes NEC truly stand out is its commitment to customer service, trust, and compliance. With over 200 trained professionals representing diverse backgrounds, NEC combines local service with global standards. The company also maintains strong partnerships with international banks, ensuring secure and efficient transactions across borders.
Focused on the Future
NEC is not just an established player—it’s a forward-looking company with plans for regional expansion and digital transformation. With a particular focus on the Bahrain to South Asia corridors, NEC continues to serve one of the most important remittance routes in the region.
Conclusion
Whether you're an individual sending money to loved ones, a business handling foreign currency, or a traveler in need of exchange services, NEC and Western Union offer you reliability, speed, and peace of mind. With a legacy of trust and a future full of innovation, NEC is the name Bahrain turns to for safe and seamless financial services.
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finextcon · 10 months ago
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The Rise of Payment Gateways in the Gulf: A Digital Transformation
Introduction
The Gulf region, encompassing countries like Saudi Arabia, the United Arab Emirates, Qatar, Oman, Kuwait, and Bahrain, is witnessing a rapid digital transformation. One of the most significant developments in this digital revolution is the rise of payment gateways. These financial services play a crucial role in facilitating online transactions, ensuring seamless and secure payment processes for businesses and consumers alike. In this blog, we will explore the growth, key players, and the future of payment gateways in the Gulf.
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The Growth of E-commerce and Digital Payments
The Gulf region has seen a substantial increase in e-commerce activities over the past decade. Factors such as high internet penetration, widespread smartphone usage, and a young, tech-savvy population have contributed to this growth. As more businesses and consumers embrace online shopping, the demand for reliable and efficient payment gateways has surged.
Key Players in the Gulf's Payment Gateway Market
Several payment gateway providers have established a strong presence in the Gulf region. Some of the key players include:
PayTabs: Headquartered in Saudi Arabia, PayTabs is one of the leading payment gateway providers in the Middle East. It offers a range of services, including online payment processing, invoicing, and mobile payments.
Network International: Based in the UAE, Network International is a prominent payment solutions provider in the Gulf region. It offers a comprehensive suite of services, including payment processing, merchant acquiring, and fraud prevention.
Telr: Another UAE-based company, Telr, provides online payment solutions for businesses of all sizes. It offers a secure and scalable platform for processing payments in multiple currencies.
Moyasar: A Saudi Arabian payment gateway, Moyasar, offers a user-friendly interface and supports various payment methods, including credit cards, bank transfers, and digital wallets.
Features and Benefits of Payment Gateways
Payment gateways in the Gulf region offer a range of features and benefits that cater to the diverse needs of businesses and consumers:
Security: Payment gateways use advanced encryption technologies to ensure the security of sensitive financial information. This helps in preventing fraud and building trust among customers.
Convenience: With multiple payment options, including credit/debit cards, bank transfers, and digital wallets, payment gateways provide a convenient and seamless payment experience.
Multi-currency Support: Given the international nature of many businesses in the Gulf, payment gateways often support multiple currencies, making it easier to conduct cross-border transactions.
Integration: Payment gateways can be easily integrated with various e-commerce platforms, enabling businesses to streamline their payment processes and enhance the overall customer experience.
Real-time Processing: Payment gateways offer real-time transaction processing, allowing businesses to manage their cash flow effectively and reduce delays in payment settlements.
Challenges and Opportunities
Despite the numerous benefits, there are challenges that payment gateways in the Gulf region must address:
Regulatory Compliance: Navigating the complex regulatory landscape in different Gulf countries can be challenging for payment gateway providers. Ensuring compliance with local laws and regulations is crucial.
Competition: The market for payment gateways is becoming increasingly competitive, with new players entering the space regularly. Providers must continuously innovate to stay ahead.
Consumer Trust: Building and maintaining consumer trust is essential for the success of payment gateways. This involves providing secure, reliable, and user-friendly services.
The Future of Payment Gateways in the Gulf
The future of payment gateways in the Gulf region looks promising. As digital transformation continues to accelerate, the demand for efficient and secure payment solutions will only grow. Key trends to watch include the rise of mobile payments, the adoption of blockchain technology, and the integration of artificial intelligence to enhance fraud detection and prevention.
Conclusion
Payment gateways are playing a pivotal role in the Gulf's digital economy, enabling businesses to thrive in the online marketplace and providing consumers with secure and convenient payment options. As the region continues to embrace digital transformation, the importance of payment gateways will only increase, driving innovation and growth in the financial sector. For businesses looking to expand their online presence in the Gulf, partnering with a reliable payment gateway provider is a critical step towards success.
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travelmd · 1 year ago
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10 Essential Tips for Indians Getting a Bahrain Visa on Arrival
Introduction
Bahrain, an enchanting kingdom in the Persian Gulf, offers a blend of rich history and modern charm. For Indians eager to explore this jewel, the Visa on Arrival (VoA) process is convenient and straightforward. However, a few essential tips can ensure a seamless experience. Here, we provide comprehensive insights to help you navigate the process efficiently.
1. Understand the Eligibility Criteria
Before planning your trip, it is crucial to verify your eligibility for Bahrain’s Visa on Arrival. Indian citizens are generally eligible, but certain conditions must be met:
Valid Passport: Ensure your passport is valid for at least six months from the date of entry.
Return Ticket: Possess a confirmed return or onward ticket.
Accommodation Proof: Provide evidence of accommodation arrangements in Bahrain.
Sufficient Funds: Demonstrate that you have sufficient funds to cover your stay.
2. Know the Visa Types Available
Bahrain offers several types of visas on arrival, each catering to different purposes:
Tourist Visa: Valid for stays up to 14 days.
Business Visa: Valid for short business trips.
Multiple Entry Visa: Suitable for frequent travelers, valid for a longer duration but with limited stay per visit.
Understanding the right visa type for your visit can prevent unnecessary complications.
3. Gather the Necessary Documents
Having all required documents ready is critical for a smooth VoA process. Essential documents include:
Completed Visa Application Form: Available at the airport or online for a pre-arrival application.
Passport: Original passport with at least six months validity.
Photographs: Recent passport-sized photographs as per specifications.
Travel Itinerary: Detailed travel plans including return tickets and hotel bookings.
Proof of Funds: Bank statements or other proof of sufficient funds.
4. Be Prepared for the Visa Fees
Visa fees vary depending on the visa type. Typically, fees can be paid in local currency or via credit card at the point of entry. Ensure you have the necessary amount ready:
Tourist Visa: Approximate fee is BD 5 (Bahraini Dinar).
Business Visa: Fees may vary based on the duration and number of entries.
It is advisable to check the latest fee structure on the official Bahrain immigration website before traveling.
5. Plan Your Arrival at Bahrain International Airport
Bahrain International Airport is well-equipped to handle the Visa on Arrival process efficiently. To avoid delays:
Arrive Early: Allow ample time for visa processing, especially during peak travel seasons.
Follow Signage: Follow the clearly marked signs directing you to the Visa on Arrival counters.
Have Documents Ready: Keep all documents and fees ready for inspection.
6. Stay Informed About COVID-19 Protocols
The COVID-19 pandemic has introduced additional entry requirements:
Vaccination Proof: Carry proof of vaccination as per Bahrain’s accepted vaccines.
PCR Test: Some travelers might need to present a negative PCR test taken within a specified timeframe before arrival.
Quarantine Requirements: Stay updated on any quarantine protocols that might be in place.
Check Bahrain’s Ministry of Health website for the latest travel advisories and health requirements.
7. Understand the Visa Extension Process
If you wish to extend your stay in Bahrain, you can apply for a visa extension:
Online Application: Submit an extension request online through Bahrain’s eVisa portal.
Immigration Office: Visit the Nationality, Passports, and Residence Affairs (NPRA) office.
Fee Payment: Pay the applicable extension fees.
Extensions are subject to approval, and it's advisable to apply well before your current visa expires.
8. Know the Customs Regulations
Being aware of Bahrain’s customs regulations can prevent any issues upon arrival:
Prohibited Items: Certain items such as drugs, firearms, and religiously offensive materials are prohibited.
Duty-Free Allowance: Familiarize yourself with the duty-free allowance limits for alcohol, tobacco, and other goods.
Declare Valuables: Declare any high-value items to avoid complications during departure.
9. Utilize Airport Services for Convenience
Bahrain International Airport offers various services to ease your travel:
Currency Exchange: Available within the airport premises for convenient currency conversion.
Wi-Fi Access: Free Wi-Fi services to stay connected.
Transportation Options: Taxis, car rentals, and public transport options are readily available.
Leveraging these services can make your arrival and stay more comfortable.
10. Contact Local Authorities for Assistance
In case of any difficulties, it’s essential to know whom to contact:
Immigration Office: For visa-related queries and extensions.
Indian Embassy: For consular assistance and support.
Tourist Information Centers: For guidance on local attractions and travel information.
Having these contacts handy ensures that help is available whenever needed.
Conclusion
Obtaining a Bahrain Visa on Arrival for Indian citizens is a straightforward process when adequately prepared. By understanding eligibility, gathering necessary documents, and staying informed about fees and protocols, you can enjoy a hassle-free entry into Bahrain. Make sure to keep abreast of any updates from official sources to ensure a smooth travel experience.
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MARKET GROWTH PROSPECTS OF BANKING SECTOR IN INDIA, 2023- 24 – DART CONSULTING FORECASTS HIGHER GROWTH IN THE NEXT FIVE YEARS
India’s banking sector is sufficiently capitalized and well-regulated. The financial and economic conditions are comparatively better even by comparing with well developed economies. Indian banks are generally resilient and have withstood the global downturn well as can be noted by reviewing previous years records.
The Indian banking industry has recently witnessed the rollout of innovative banking models like payments and small finance banks. In recent years, the Banks are increasingly focusing widening banking reach, through various schemes like the Pradhan Mantri Jan Dhan Yojana and Post payment banks. The rise of Indian NBFCs and fintech have significantly enhanced India’s financial inclusion and helped fuel the credit cycle in the country.
Here is a quick overview of key players in the industry.
HDFC Bank Ltd
HDFC Bank Ltd (HDFC) offers personal and corporate banking, private and investment banking, and other related financial solutions to individuals, MSMEs, government, and agriculture sectors, financial institutions and trusts, and non-resident Indians. It provides a range of deposit services and card products; loans for homes, cars, commercial vehicles, and other personal and business needs; insurance for life, health, and non-life risks; and investment solutions such as mutual funds, bonds, equities, and derivatives. HDFC also provides services such as cash management, corporate finance advisory, customized banking solutions, project and structured finance, trade financing, foreign exchange, internet banking, and payment and settlement services, among others. The bank operates in India through a network of branches, ATMs, phone banking, net banking, and mobile banking. It has overseas branches in Bahrain, Hong Kong, and the UAE, and representative offices in the UAE and Kenya. HDFC is headquartered in Mumbai, Maharashtra, India.
ICICI Bank Ltd
ICICI Bank Ltd (ICICI Bank) provides personal and corporate banking, investment banking, private banking, venture capital, life and non-life insurance solutions, securities broking, and asset management services to corporate and retail clients, high-net-worth individuals, and SMEs. It offers a wide range of products such as deposits accounts including savings and current accounts, and resident foreign currency accounts; investment products; and consumer and commercial cards. ICICI Bank offers to lend for home purchase, commercial business requirements, automobiles, personal needs, and agricultural needs. The bank offers services such as foreign exchange, remittance, import and export financing, advisory, trade services, personal finance management, cash management, and wealth management. It has an operational presence in Europe, Middle East, and Africa (EMEA), the Americas, and Asia. ICICI Bank is headquartered in Mumbai, Maharashtra, India.
State Bank of India
State Bank of India (SBI) is a universal bank. It provides a range of retail banking, corporate banking, and treasury services. The bank serves individuals, corporates, and institutional clients. Its major offerings include deposits services, personal and business banking cards, and loans and financing. The bank provides services such as mobile banking, internet banking, ATM services, foreign inward remittance, safe deposit locker, money transfer, mobile wallet, trade finance, merchant banking, project export finance, treasury, offshore banking, and cash management services. It operates in Asia, the Middle East, Europe, Africa, and North and South America. SBI is headquartered in Mumbai, Maharashtra, India.
Punjab National Bank
Punjab National Bank (PNB) offers retail and commercial banking, agricultural and international banking, and other financial services. Its retail and commercial banking portfolio offers credit and debit cards, corporate and retail loans, deposit services, cash management, and trade finance. Its international banking portfolio includes foreign currency accounts, money transfers, letters of guarantee, and world travel cards, and solutions to non-resident Indians. PNB also offers merchant banking, mutual funds, depository services, insurance, and e-services. The bank operates in India and has overseas operations in the UK, Bhutan, Myanmar, Bangladesh, Nepal, and the UAE. PNB is headquartered in New Delhi, India.
Bank of Baroda
Bank of Baroda (BOB) offers retail, agriculture, private and commercial banking, and other related financial solutions. It includes loans, deposit services, and payment cards. The bank offers loans for homes, vehicles, education, agriculture, personal and corporate requirements, mortgage, securities, and rent receivables, among others. It provides current and savings accounts; fixed and recurring deposits; debit, credit, and prepaid cards. The bank also provides insurance coverage for life, health, and general purposes. It offers services such as treasury, financing, mutual funds, cash management, international banking, digital banking, internet banking, start-Up banking, and wealth management. The bank has operations in Asia-Pacific, Europe, North America, and the Middle East and Africa. BOB is headquartered in Baroda, Gujarat, India.
Industry Performance
The health of the banking system in India has shown steady improvement, according to the Reserve Bank of India’s latest report on trends in the sector. From capital adequacy ratio to profitability metrics to bad loans, both public and private sector banks have shown visible improvement. And as credit growth has also witnessed an acceleration in 2021-22, banks have seen an expansion in their balance sheet at a pace that is a multi-year high. As of November 4, 2022, bank credit stood at Rs. 129.26 lakh crore (US$ 1,585.09 billion). As of November 4, 2022, credit to non-food industries stood at Rs. 128.87 lakh crore (US$ 1.58 trillion).
Given the increasing intensity, spread, and duration of the pandemic, economic recovery the performances of key companies in the industry was positive. The reported margin of the industry by analyzing the key players was around 13.7% by taking into consideration the last 3 years’ data. Details are as follows.
Companies Net Margin EBITDA/Sales
HDFC Bank Ltd. 23.5% 31.2%
ICICI Bank Ltd. 22.3% 30.4%
State Bank of India 10.0% 25.7%
Punjab National Bank 4.0% 10.0%
Bank of Baroda 8.9% 13.9%
Industry Margins 13.7% 22.2%
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Industry Trends
The macroeconomic picture for 2023 portends mixed fortunes for consumer payment players. Higher rates should boost banks’ net interest margins for card portfolios, but persistent inflation, depletion of savings, and a potential economic slowdown could weigh on consumers’ appetite for spending. Digital identity is expected to evolve as a counterbalancing force to mitigate fraud risks in the long run. Transaction banking businesses are standing firm despite recent market uncertainties. For many banks, these divisions have been a steady source of revenues and profits.
Over the long term, banks will need to pursue new sources of value beyond product, industry, or business model boundaries. The new economic order that will likely emerge over the next few years will require bank leaders to forge ahead with conviction and remain true to their purpose as guardians and facilitators of capital flows. With these factors in mind, the industry is still showing huge growth potential, some of the growth divers that is propelling the industry are:
Rising rural income pushing up demand for banking
Rapid urbanisation, decreasing household size & easier availability of home loans has been driving demand for housing.
Growth in disposable income has been encouraging households to raise their standard of living and boost demand for personal credit.
The industry is attracting major investments as follows.
On June 2022, the number of bank accounts—opened under the government’s flagship financial inclusion drive ‘Pradhan Mantri Jan Dhan Yojana (PMJDY)’—reached 45.60 crore and deposits in the Jan Dhan bank accounts totaled Rs. 1.68 trillion (US$ 21.56 billion).
Some of the major initiatives taken by the government to promote the industry in India are as follows:
As per the Union Budget 2022-23:
National Asset reconstruction company (NARCL) will take over, 15 non-performing loans (NPLs) worth Rs. 50,000 crores (US$ 6.70 billion) from the banks.
National payments corporation India (NPCI) has plans to launch UPI lite this will provide offline UPI services for digital payments. Payments of up to Rs. 200 (US$ 2.67) can be made using this.
In the Union budget of 2022-23 India has announced plans for a central bank digital currency (CBDC) which will be possibly know as Digital Rupee.
Through analyzing the performance of the contributing companies for the last three years, we can ascertain that the sector witnessed compounded annual growth rate (CAGR) of 9.9% at the end of 2022. Details are as below.
Companies CAGR
HDFC Bank Ltd. 14.02%
ICICI Bank Ltd. 7.3%
State Bank of India 8.4%
Punjab National Bank 9.2%
Bank of Baroda 10.7%
Industry CAGR 9.9%
Working through partnerships both with NBFCs and FinTech is high on the agenda of the Indian banking sector, and this is an area of focus of the FICCI National Committee on Banking. Banks will have to play a very constructive role as India aspires to be the leading economy in future. The strengthened banking sector has the potential to contribute directly and indirectly to GDP, increase job creation and enhance median income. Technology interventions to strengthen the quality and quantity of credit flow to the priority sector will be an important aspect. The need for sustainable finance / green financing is also gaining importance.
With these attributes boosting the sector, the Indian banking industry is likely to grow 5% more than the reported growth rate and is expected to exhibit CAGR of 10.4% in the next five years from 2023 to 2027.
DART Consulting provides business consulting through its network of Independent Consultants.  Our services include preparing business plans, market research, and providing business advisory services. More details at https://www.dartconsulting.co.in/dart-consultants.html
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xrpripplecrypto · 4 years ago
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Buy XRP USA Canada UK Australia Worldwide
Looking to Buy XRP, Sell XRP USA Worldwide? XRP Ripple Cryptocurrency for Cash! We also provide reviews for the best XRP exchanges, XRP wallets, and XRP news!
How to Buy Sell XRP Ripple
So, you’ve decided to invest in XRP Ripple. However, you’re confused and don’t know where to start - you're wondering, how to buy XRP? With so many options available, it can be difficult to choose the best option for you. Plus, there are lots of things you need to think about before you start making payments.
Learning how to buy XRP in USA can be a confusing process. It doesn’t have to be, though. In this guide, we will give you the answers!
How to Buy XRP?
The process of buying and selling XRP has been made a lot simpler over the last few months. There are a few important factors that you must think about before buying XRP:
Payment Method
The most common and accepted payment methods to buy cryptocurrency include: credit card, bank transfer, or even cash. Different websites accept different payment methods, so you'll need to choose a website that accepts the payment method you want to use.
Type of Cryptocurrency
Not all cryptocurrencies are available for purchase on every website. You will have to find a website that sells XRP that you want to buy.
Cost of Fees
Each website has different fees. Some are cheap, some are not so cheap. Make sure you know how much the fees cost before setting up an account on any website. You don't want to waste your time verifying yourself and then find out the fees are too high!
How Much You Can Afford
As with any investment, you should never invest more than you can afford. I recommend speaking to a financial adviser first.
With those 4 factors in mind, we can move on. When you buy your XRP, though, where are you going to store it? I'll give you a hint: it's not your bank account.
Cryptocurrencies
Bitcoin BTC | Ethereum ETH | Binance Coin BNB | XRP | Tether USDT | Cardano ADA | Dogecoin DOGE | Polkadot DOT | Uniswap UNI | Litecoin LTC | Bitcoin Cash BCH | Chainlink LINK | USD Coin USDC | VeChain VET | Solana SOL | Stellar XLM | Theta Network THETA | Filecoin FIL | TRON TRX | Wrapped Bitcoin WBTC | Monero XMR | Binance USD BUSD | Terra LUNA | NEO | Klaytn KLAYIOTA MIOTA | Aave AAVE | PancakeSwap CAKE | EOS | Cosmos ATOM | Bitcoin SV BSV | Crypto.com Coin CRO | Polygon MATIC | BitTorrent BTT | FTX Token FTT | OKB | cUSDC CUSDC | Ethereum Classic ETC | cETH CETH | Maker MKR | Tezos XTZ | Algorand ALGO | Avalanche AVAX | Dai DAI | Kusama KSM | cDAI CDAI | Huobi Token HTTHOR | Chain RUNE | Compound COMPE | lrond EGLD | NEM XEM | Dash DASH | Chiliz CHZ | Holo HOT | Decred DCR | Zcash ZEC | Synthetix Network Token SNX | Enjin Coin ENJ | Zilliqa ZIL | Stacks STX | Hedera Hashgraph HBAR | Celsius Network CEL | LEO Token LEO | Sushi SUSHI | NEXO | Amp AMP | Decentraland MANA | TerraUSD UST | Waves WAVES | Fei Protocol FEIS | iacoin SC | The Graph GRT | DigiByte DGB | Basic Attention Token BAT | yearn.finance YFI | Bitcoin Gold BTG | Huobi BTC HBTC | UMA | Fantom FTM | Qtum QTUM | ICON ICX | Liquity USD LUSD | Pirate Chain ARRR | Ravencoin RVN | Helium HNT | Ontology ONT | Horizen ZEN | 0x ZRX | WazirX WRX | Arweave AR | Harmony ONE | Bancor Network Token BNT | Ankr ANKR | Flow FLOW | XDC Network XDC | IOST | ECOMI OMI | SwissBorg CHSB | Reserve Rights Token RSR | Paxos Standard PAX
Nationwide USA
Alabama | Alaska | Arizona | Arkansas | California| Colorado | Connecticut | Delaware | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming | Washington DC (District of Columbia)
Worldwide
Afghanistan, Aland Islands, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Plurinational State of Bonaire, Sint Eustatius and Saba, Bosnia and Herzegovina, Botswana, Bouvet Island, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Canada, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo, Congo, The Democratic Republic of The Cook Islands, Costa Rica, Cote D'ivoire, Croatia, Cuba, Curacao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Islamic Republic of Iraq, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Korea, Democratic People's Republic of Korea, Republic of Kuwait, Kyrgyzstan, Lao People's Democratic Republic, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Macao, Macedonia, The Former Yugoslav Republic of Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Federated States of Moldova, Republic of Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands, New Caledonia, New Zealand, Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Palestine, State of Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russian Federation, Rwanda, Saint Barthelemy, Saint Helena, Ascension and Tristan Da Cunha, Saint Kitts and Nevis, Saint Lucia, Saint Martin (French Part), Saint Pierre and Miquelon, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Sint Maarten (Dutch Part), Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and The South Sandwich Islands, South Sudan, Spain, Sri Lanka, Sudan, Suriname, Svalbard and Jan Mayen, Swaziland, Sweden, Switzerland, Syrian Arab Republic, Taiwan, Province of China, Tajikistan, Tanzania, United Republic of Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom of Great Britain and Northern Ireland, United States Minor Outlying Islands, United States of America, Uruguay, Uzbekistan, Vanuatu, Venezuela, Bolivarian Republic of Vietnam, Virgin Islands, British, Virgin Islands, U.S., Wallis and Futuna, Western Sahara, Yemen, Zambia, Zimbabwe
Cryptocurrency Wallet
A XRP wallet is where you store your cryptocurrencies after you have bought them. You can compare a cryptocurrency wallet with your bank account. In the same way that you store traditional currencies (USD, JPY, EUR etc.) in your bank account, you will store your cryptocurrencies in your crypto wallet.
There are a lot of easy-to-use and safe options to choose from. It is important that you choose a highly-secure wallet, because if your cryptocurrency gets stolen from your wallet, you can never get it back.
There are three types of wallets:
Online wallets: The quickest to set up (but also the least safe);
Software wallets: An app you download (safer than an online wallet);
Hardware wallets: A portable device you plug into your computer via USB (the safest option).
The wallet you need will depend on which cryptocurrency you want to buy. If you buy Bitcoin, for example, you'll need a wallet that can store Bitcoin. If you buy XRP, you'll need a wallet that can store XRP.
Luckily, there are a lot of good wallets to choose from that can store multiple cryptocurrencies.
Where to Buy Cryptocurrency?
To learn where to buy XRP, you’ll first need to know where to purchase XRP stock. Just a few years ago, there were only a few places to buy and sell cryptocurrencies. Now, though, there are a lot more! Let’s look at the different places and ways you can get your crypto.
How to Buy Cryptocurrency at Cryptocurrency Exchanges?
XRP exchanges are online websites that let you exchange your local currency for cryptocurrency. Exchanges are the most popular way of buying cryptocurrency. I recommend newbies to use these exchange websites as they are easy-to-use and quick to set up.
Payment Method: Most of the exchanges accept payment by bank transfer or credit card, some of them also accept PayPal.
There are a lot of exchanges for you to choose from. Each one of them has different levels of security and they each accept different types of payment methods. Most exchanges will ask you to follow the steps below before you can start buying cryptocurrency.
Check the security of the exchange. This is the most important thing you need to consider as investors have lost lots of money in the past when the exchanges have been hacked.
Transaction fees – the lower, the better.
The number of payment options available: do they accept bank transfer, credit card, PayPal, etc.?
The amount of time it takes to activate your account — if you’re in a hurry, you might not want to wait a long time to get verified!
Which cryptocurrency options they offer. For example, if you want to buy the XRP token then you need be sure that the exchange you choose sells the XRP token.
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paynxt360 · 2 years ago
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Banks and fintech firms are launching prepaid cards to boost financial inclusion in the Middle East in 2023
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In the Middle East, the prepaid card ecosystem has been growing at a rapid rate over the last few years. The growing percentage of the tech-savvy population is driving the adoption of prepaid cards. With smartphone penetration projected to further grow in the Middle East in 2023, banks and fintech firms are leveraging the increasing smartphone penetration to drive financial inclusion across the region by launching digital prepaid cards.
Qatar Islamic Bank, for instance, announced the launch of the Himyan prepaid card in March 2023. The prepaid card solution is an initiative of the digital bank to develop electronic payment services and support financial inclusion in the country. As a result, the bank has made the prepaid card solution available for customers, non-customers, as well as visitors holding a valid QID or visa.
In the Middle East region, the growth of the prepaid card industry has been also driven by digital banks, which have significantly grown in numbers over the last three to four years. These digital-only banks have launched several innovative payment products in the past, and the trend is expected to further continue in 2023.
ila Bank, one of the fastest-growing digital mobile-only banks in the region, announced the launch of a prepaid card solution in February 2023. The launch of the Bahraini-denominated prepaid card is part of the firm's strategy to boost financial inclusion and facilitate a cashless digital economy.
To drive the adoption of its prepaid card offerings in Bahrain, ila Bank is targeting different consumer segments, including students and travelers. The firm has specifically designed a student-focused prepaid card with tailored benefits. This includes the offering of cashbacks on transactions completed in school cafeterias that are operated by the Eastern Bakery. For travelers, the prepaid card offers a host of other benefits including access to medical insurance and discounts and offers via partner stores and merchants in Bahrain.
Al Salam Bank, another financial institution in Bahrain, launched a revamped multi-currency prepaid card campaign in February 2023. The new campaign comes on the back of the success of the last year’s campaign.
The campaign, which allows cardholders to win BD 1,000 in monthly rewards when spending BD 50 through the Visa prepaid card, will run until December 2023. To make the prepaid card offering more attractive, the bank is also offering cardholders the ability to earn loyalty points and receive discounts on the Bahrain Life platform.
Such campaigns are expected to not only accelerate the financial inclusion in Bahrain, but also the growth of the prepaid card transaction value and volume from the short to medium-term perspective.
Along with banking institutions, fintech firms are also seeking to boost financial inclusion in the region, through their innovative prepaid card products that are launched in strategic collaboration with global payments giants. For instance,
In March 2023, e& money, the financial services arm of e&, announced that the firm had entered into a strategic collaboration with Mastercard to launch a prepaid card solution. The prepaid payment instrument is part of the firm's super app strategy and is targeted toward driving financial inclusion in the United Arab Emirates. With the Mastercard tie-up, cardholders will be able to make transactions at all merchants that accept Mastercard globally.
Initially, the firm has only launched a virtual prepaid card that cardholders can use for online transactions. However, the firm is also expected to launch a physical prepaid card for offline payments from the short-term perspective. The fintech firm has also linked the prepaid card solution with the loyalty program, thereby enabling cardholders to earn cashback and rewards for every dirham spent. In turn, cardholders can redeem their points for free data, minutes, and discount codes, among other benefits.
In another prepaid card offering, Nomo, the international digital Islamic bank based in the United Kingdom, launched a multi-currency card in March 2023. Initially, the card has been launched in Kuwait and is planned for a further rollout to customers across the GCC region. Since its launch in 2021, Nomo has become a popular payment method among Kuwaiti customers spending time internationally. With cross-border payments growing at a rapid rate, PayNXT360 expects the digital bank to record strong growth in 2023.
From the short to medium-term perspective, PayNXT360 also expects many more digital banks and fintech firms to launch prepaid card solutions catering to the needs of different consumer segments in the Middle East market.
To know more and gain a deeper understanding of the prepaid card in the Middle East, click here.
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investedin · 5 years ago
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About And History Of HDFC Bank
Everyone must have heard about the HDFC bank in India. Many of us may have accounts in many of its branches. Some may have availed of loans, credits, and invested in mutual funds. The bank has overtaken most of the private sector banks to emerge victorious in the financial sector. Through this article, it will enlighten my readers about the services and history of HDFC bank. I will provide glimpses of the history of this bank. Then I will put forth the various financial services that it has to offer for its customers. By the end of this article, you will have a clear understanding of what has made this bank a household name today. So, let’s get started.
Ever wondered what HDFC stands for? It is the short form for Housing Development Financial Corporation Limited (HDFC). Since its initiation, it has amassed huge assets and a market capitalization that has paved the way for its success. It is currently headed by Mr. Sashidhar Jagdishan.
Today HDFC bank is one of India’s most powerful banks. It is a private sector bank that provides various banking and investment banking services nationally and internationally. It was founded in the year 1994 under the guidance of Mr. Hasmukhbhai Parekh. Since then, the banking company has expanded its reach in various cities across India and overseas. On the international level, it has branches in Bahrain, Hong Kong, and offices in UAE and Kenya. To date, the company has branches across 2,848 cities in India with a vast network of 5,430 branches.
More Information About HDFC Bank
The HDFC bank was inaugurated in 1994. It started deploying banking services as a Scheduled Commercial bank in 1995. The Housing Development Finance Corporation Limited was the first company to set up a private bank in India. It provided services from the registered bank in Mumbai. The current CEO of the HDFC bank is Mr. Deepak Parekh. The main aim of the HDFC bank was to become a world-class Indian Bank. It has truly lived up to its mission and has become the most successful bank today. The awards and honors the bank had received in India and worldwide speak for themselves. It is known for its good customer services, revolutions in the financial business, and its sustainability. The bank has introduced various products in the market. Apart from these, it had also conducted several drives and launched initiatives for the betterment of society. Its main objective was to become the first choice of every investor in every domain of the bank services. Its second objective was to achieve substantial growth in bank assets. No wonder it had met all its business objectives, and it has continually been delivering quality services to the new customer. The bank continues to conquer the hearts and minds of every investor and its existing customers.
Mergers Of HDFC Bank
The HDFC bank had merged with the Centurion Bank of Punjab (CBoP) on 23rd May 2008. This merger was approved by the Reserved Bank of India. The merger was directly proportional to the shareholders of CBoP receiving a share of the HDFC bank. The shares would be provided to each of the 29 shares of CBoP. The merger provided great benefits to the HDFC bank. For instance, the bank network had significantly incremented by a good number. This meant that the HDFC bank could now deliver services to more masses. The added new workforce of the CBoP created a larger pool of skilled workmen. Thus, the merger was a huge gain for the HDFC bank.
Times Bank Limited was an Indian Bank in the private sector. On 26th February 2000, the Times bank had merged with the HDFC bank. It was the first time that two banks had merged in the 21st century. The combination of the two banks implied that the shareholders of the Times bank would have received one share of the HDFC bank. This would continue for every 5.75 shares of the Times bank.
History Of HDFC Bank
It’s been 26 years since the bank first opened at its registered office in Mumbai. As per the Reserve Bank of India RBI’s policy about the liberalization of the banking industry in India, the request by the HDFC bank to set up the first Indian bank in the private sector was approved. The HDFC bank, as it is popularly called, was one of the first banks in India. The main operations of the financial company as a Scheduled Commercial bank first commenced back in January 1995.
The bank has had a long history. Some of these factors were instrumental in making it the premium bank in India. So, here I have provided a descriptive guide about the history of this bank.
1994
The HDFC bank was founded on 30th August in the year 1994. It had established a partnership with the National Westminster Bank Pc. and its subsidiaries. The banks agreed-upon a 20% subscription of the banks’ issued capital and assistance from the technical domain to promote the banking business.
1995
The bank issued the subscribers of the Memorandum and the Articles of Association with 70 equity shares. During the same time, the bank promoters were allotted with 5 crore equity shares. Moreover, the HDFC Employment Welfare Trust was also allotted shares worth 5,09,20,000 on 22nd December 1994
Later on, 16th January 1995, the Jarrington Pte. Ltd was also allotted 90,79,930 number of equity shares. The NatWest Group received 400,00,000 number of shares based on private placement. The public also received equity shares on 9th May 1995 that were 500,00,000 in number.
By this time, the HDFC bank had opened its first branch on 16th January in Ramon House at Church gate in Mumbai. An efficient operating system was designed and created by the engineers of the bank for fortifying the computer network of the bank.
1996
The bank had established a good reputation in the financial businesses and the market. This paved the way for the banking consortia of over 50 countries. The consortia included leading multinational companies, public sector companies, and several flagship companies of the local business.
The transaction in the Indian financial market was handled in a new dealing room. The room was constructed this year to facilitate this process. The HDFC bank’s Certificates on Deposits were earned a rating of PP1+. The rating was the highest for any short-term financial tools at that time.
1997
At Powai in Mumbai, the bank had established a modern hub to store the bank’s central computers and servers. The servers had information about all the new products and services and the branches that the bank had established.
The proposition for telebanking was launched by HDFC in Mumbai. The term telebanking was first introduced at the Chandiveli branch of the HDFC network.
By now, the bank had established 28 bank branches in India. These branches had initiated an account that required the investors to deposit a minimum balance for opening the account. This feature was first introduced by the HDFC bank in India. To date, this practice has been cultivated across several financial institutions in India.
They had also launched a loan product. This product facilitated the payment of fees as announced by the Bangalore Mahanagar Palike.
1998
The HDFC bank signed an MOU with the Ahmedabad Stock Exchange (ASE) so that it could play the role of a clearance bank.
The strengthening of bonds with the branch in Calcutta was proposed in 1998. They planned to make an addition of two more branches by the first quarter of the upcoming financial year 1999.
They had inked a memorandum with the National Stock Exchange (NSE) around the same year. This agreement stated that the bank would give an additional charge over the broker’s deposit. It was only if they provide a loan against share facility to the NSE brokers.
2000
With the beginning of the 21st century, the bank had also begun establishing new connections in the world. Starting with Singapore Telecom’s e-commerce arm Sesami.com Pvt Ltd. The HDFC bank had signed an agreement with this company to boost its reach.
The HDFC bank had launched a new facility call the ‘Freedom- The e-Age Savings Account.’ this account was specifically designed for cellular phone users.
Trichy and Coimbatore, the southernmost regions of India, had received wireless application protocol-based mobile banking. This was newly introduced at that time. The HDFC bank was instrumental in launching this facility in association with Aircel.
2001
Aurangabad had received the first HDFC bank with the commencement of the new year 2001.
The HDFC Standard Life Insurance had established a memorandum of understanding with the Indian Bank. The Indian bank was based in the southern capital of Chennai.
The bank had first launched its International Maestro Debit Card in association with Master Card.
The Board of Directors dealt with the resignation of two of its directors. These were Mr. S. S. Thakur and Mr. Amit Judge. They had resigned from their office on 30th March.
2002
The HDFC bank had introduced a new online account. The online account service was called ‘One View.’ The bank launched the services to all its customers.
The HDFC bank had launched various new products in the year 2002. These products were inclined towards the wealth management program designed to increase the number of the customer base. The Financial Planner was a non-interactive product that was available for the customers. This product was available at the base price of Rs.10,000. The mass affluent segment could avail of the fee-based advisory program. This program was earlier available only to the high net worth customers. The wealth management program was a highly beneficial initiative by the bank for the betterment of its customers. This program took into account various factors like the financial goal and the risk profile, including equity, customers age, MFs, and RBI Relief Bonds.
2003
The resident foreign currency account was launched by the HDFC bank.
The co-branded credit card with e-Seva was unveiled by the HDFC bank.
Mr. Arvind Pande was appointed as the Additional Director on the 15th of January 2003. His appointment was approved by the Board of Directors. It was highlighted under Section 260 of the Companies Act, 1956.
2004
This year the Board had appointed Mr. Ranjan Kapur and Mr. Bobby Parikh as the Additional Directors.
2005
The HDFC bank had introduced the concept of loyalty rewards. These rewards were specifically meant only for the credit and the debit cardholders. This program was called the InstaWonderz.
The HDFC bank was aiming for the upliftment of the small and medium scaled enterprises (SMEs) in India. For this, it had launched a credit card with MasterCard International.
2006
The HDFC bank had established two more branches in Andhra Pradesh.
Osim intended to team up with the HDFC bank for consumer loans.
The HDFC bank had inaugurated a facility for the benefit of online shopping.
2007
The HDFC bank had teamed with the TATA Pipes to offer credit facilities to the Indian farmers.
Mr. Pandit Palande was appointed as the new Additional Director by the HDFC bank. He was appointed by the Board of HDFC bank on 24th April 2007.
The HDFC had also appointed Mr. Paresh Sukthankar and Mr. Harish Engineer as the Executive Directors. This was declared at the conference held on 12th October 2007. These gentlemen had been the senior employees of the since its initiation in 1994.
2008
The HDFC bank had tied-up with the Postal Department to extend its network in the rural areas.
The bank had won the ‘Nasscom IT User’ award.
The HDFC bank had inaugurated its first bank overseas. This bank was opened in Bahrain.
The HDFC bank had merged with the Centurion Bank of Punjab. The merger had taken place at a share swap ratio of 1:29.
2009
The HDFC bank had won the AsiaMoney award yet again. It had bagged the title of ‘ Best Domestic Bank’.
The electronic payment collection facility was offered to the Guruvayoor Devaswom by the HDFC bank.
2010
The housing finance major of the HDFC bank had introduced a variable interest rate on the recurring deposits. These interest rates were offered to attract long-term deposits. It was brought to the notice of the Board that the applicants withdraw their funds when the interest rates peak. To avoid such circumstances, these rates were introduced.
2011
The bank was aiming for 3G services to boost their mobile banking.
By this year, the HDFC bank had already opened 1,725 branches.
2013
At the Skotch Financial Inclusion Awards, the HDFC bank was named as the Organization of the Year.
The HDFC bank was instrumental in launching the Times Card.
The ‘Jet Privilege-HDFC Bank World Debit Card was launched. This was a joint initiative by the HDFC bank and Jet Airways.
2014
The Bank had set a GUINNESS WORLD RECORD. They held the record for organizing the largest blood donation drive on a single day across the globe.
2016
A digital bank was launched by the HDFC bank. This for intended only for the customers of small and medium enterprises.
The HDFC attains the top rank in the Institutional Investor Magazine.
2017
The HDFC bank had launched a student card this year.
An initiative called the ‘SmartUp Zone’ was launched to uplift the startups.
You can read about the services provided by the HDFC bank in our other article.
source http://invested.in/about-and-history-of-hdfc-bank/
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bigyack-com · 5 years ago
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Italy's Coronavirus Outbreak Heightens Fears Over Global Impact
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By the time the deadly coronavirus arrived in Italy’s industrial heartland, shutting down his factory and threatening Europe with economic damage, Antonio Falchetti was already a veteran in the battle to contain the global epidemic. His company, MTA Advanced Automotive Solutions, makes parts for the electrical systems of cars, supplying some of the world’s largest automobile manufacturers. One of its factories sits in Shanghai. As the coronavirus exploded into a public health emergency across China in January, Mr. Falchetti was forced to significantly reduce production and operate with a small fraction of his usual work force. By Feb. 17, his Shanghai plant was fully up and running. But less than a week later, MTA was facing a problem at another factory, in the Italian town of Codogno: The coronavirus had emerged there, prompting the regional government to close all local plants. Mr. Falchetti, the company’s chief executive, fears the government is overreacting. In effectively quarantining Codogno, a town of 16,000 people about 40 miles south of Milan, Italy, risks leaving automotive plants across Europe short of critical components, he says. “I hope our Italian authorities, and the rest of Europe as well, recognize that a complete shutdown of the facility is not just an Italian problem,” he said in an interview. “It will affect everyone. Ultimately our business — indeed, I think, most business in the world today — is part of a vibrant ecosystem. If you shut down one part of that ecosystem, inevitably it’s going to have effects on other parts.” The company, in a public statement on Monday, urged the Italian authorities to allow it to resume operations using one-tenth of its 600 workers. Otherwise, MTA warned, it would be unable to supply crucial parts to its customers, threatening to halt production at prominent automobile manufacturers across Europe, among them Renault, BMW, Peugeot and Jaguar Land Rover. BMW said it was “continuing to monitor the situation” but had yet to encounter difficulties finding needed parts. A spokeswoman for Renault said the company was still assessing potential impact and declined further comment. Jaguar Land Rover declined to comment, and Peugeot did not immediately respond to questions. The drama in Codogno underscored the worries afflicting the world economy as the coronavirus spreads. Until this week, the epidemic appeared largely confined to Asia. It was mysterious, unsettling and deadly, killing more than 2,000 people. It had disrupted Chinese industry and diminished spending by Chinese consumers. Updated Feb. 25, 2020 What is a Coronavirus? It is a novel virus named for the crown-like spikes that protrude from its surface. The coronavirus can infect both animals and people, and can cause a range of respiratory illnesses from the common cold to more dangerous conditions like Severe Acute Respiratory Syndrome, or SARS. How contagious is the virus? According to preliminary research, it seems moderately infectious, similar to SARS, and is probably transmitted through sneezes, coughs and contaminated surfaces. Scientists have estimated that each infected person could spread it to somewhere between 1.5 and 3.5 people without effective containment measures. Where has the virus spread? The virus, which originated in Wuhan, China, has sickened more than 80,000 people in at least 33 countries, including Italy, Iran and South Korea. Who is working to contain the virus? The World Health Organization officials have been working with officials in China, where growth has slowed. But this week, as confirmed cases spiked on two continents, experts warned that the world is not ready for a major outbreak. What if I’m traveling? The C.D.C. has warned older and at-risk travelers to avoid Japan, Italy and Iran. The agency also has advised against all non-essential travel to South Korea and China. How do I keep myself and others safe? Washing your hands frequently is the most important thing you can do, along with staying at home when you’re sick. Experts assumed that China’s economy, the world’s second largest after that of the United States, would slow sharply in the first half of this year before recovering as the epidemic was eventually contained. Given that China is the source of one-third of all global growth, this was enough to provoke worries worldwide, hitting balance sheets for multinational businesses from Apple to major airlines. Still, the locus of concern was China and neighboring countries like South Korea and Japan. That changed abruptly this week as the coronavirus flared well beyond China, prompting panicked selling across global markets on Monday and then again on Tuesday. The specter of an epidemic spreading rapidly in Italy raised the prospect of a new shock in a region that was already struggling to muster vitality. The sense that the virus could swell into a global crisis gained momentum as Iran was identified as the source of cases that have emerged in Iraq, Afghanistan, Bahrain, Kuwait, Oman, Lebanon, the United Arab Emirates and even Canada. Germany, Europe’s largest economy, has in recent months suffered a pronounced slowdown in factory orders as its auto industry grapples with increased fuel-efficiency standards, and as China’s growth slows. Chinese factories buy enormous volumes of petrochemicals and machinery from German suppliers. The Trump administration’s trade war with China has hurt Germany’s exports by limiting China’s industrial growth. The coronavirus has worsened this trend by keeping Chinese factory workers home. Britain’s departure from the European Union threatens to curtail investment in Europe as multinational corporations await clarity on trade negotiations about the future of commercial dealings across the English Channel. Italy has remained a perpetual source of concern for Europe — an economy that has not grown in two decades, with alarming levels of public debt and banks stuffed with bad loans. As one of 19 countries that share the euro currency, Italy must abide by strict rules on public spending, further limiting growth and making its companies especially dependent on trade. Italy sold some $550 billion worth of goods and services abroad in 2018, according to the World Bank. “Because of the austerity that is ingrained into Italian economic policy, the domestic market is not growing,” said Servaas Storm, an economist at Delft University of Technology in the Netherlands. “So firms that want to grow have to do it through exports.” The coronavirus has landed in Codogno and the surrounding region of Lombardy, as well as the neighboring areas of Piedmont and the Veneto. Collectively, they account for nearly one-third of the national economy. “This is really the industrial heart of Italy,” said Nicola Borri, a finance professor at Luiss, a university in Rome. “You have thousands of small companies that are active in exports. It’s a very dynamic area of the economy, on par with the most developed parts of Germany. It’s also very interconnected.” That interconnectedness is the element that makes the outbreak a potentially dangerous wild card in the European economy. More than 12 percent of Italy’s exports are sold in Germany, many of them auto parts. If Italy’s factories have trouble making their products, that could lead to shortages of components and disrupt plants in Germany and throughout Europe. This was the point that Mr. Falchetti and MTA were making in beseeching the regional government to allow some of its people to get back to work. “We can’t get the merchandise where it needs to go,” said Maria Vittoria Falchetti, Mr. Falchetti’s sister and a part-owner of MTA. “We can’t respect deadlines and delivery dates that we have committed to because of the effects of the lockdown.” With verifiable facts greatly outweighed by variables, economists are struggling to forecast the likely effects of the coronavirus. But estimates for growth are being revised down. Oxford Economics, a research institution in London, was previously expecting the Italian economy to stagnate this year. Now it expects a slight contraction in the first three months, with a longer downturn if the epidemic prompts consumers to cut back on their spending. With businesses closed and many people staying home, a drop in consumer spending seemed like a distinct possibility. “There’s a bit of a sense of panic in the air,” said Nicola Nobile, Oxford’s chief Italian economist, based in Milan. “Italy is going to be hit. The impact is definitely going to be felt. This is more bad news for Italy.” MTA has lately produced good news. Started by Mr. Falchetti’s grandfather in 1954, the company has turned its engineering prowess into a global brand with eight factories around the world. As the coronavirus emerged in the Chinese city of Wuhan, a major industrial hub, cities throughout China imposed restrictions on factory production. The epidemic was spreading in the midst of the Lunar New Year, a holiday when hundreds of millions of migrant workers return to their villages in the countryside. Cities like Shanghai extended the holiday to keep those workers home, hoping that this would limit the reach of the virus. Mr. Falchetti sought to respect the restrictions while keeping production going on a severely limited basis. He imposed emergency measures. “Every worker had to pass through three different control stations before entering the building, and we checked each person’s temperature every two hours throughout the day,” Mr. Falchetti said. “Fortunately the controls and checks instituted in China have worked.” But just as the Shanghai factory was returning to normal, a 38-year-old man in Codogno sought treatment for flulike symptoms, triggering a test that showed he had contracted the coronavirus. Within days, the Italian government confirmed more than 150 cases in the country, with an especially worrying cluster in the area of Codogno. Soon, the regional government ordered that factory production cease. On Thursday, the national government announced an aggressive response — a quarantine zone centered on Codogno that affected about 50,000 people. “Our first reaction was entirely supportive,” Mr. Falchetti said. “The health of our workers is paramount. Everyone wanted to make sure there were no unnecessary risks.” But a week later, he worries that the quarantine is delivering a different kind of emergency — an economic crisis. “I’m not sure the government, or anyone else for that matter, really realizes the economic damage this kind of forced inactivity can inflict,” Mr. Falchetti said. “You need to get back to work, to stay active, to rebuild.” He cannot visit his factory, leaving him to stew at home. He stares at his computer, keeping abreast of orders he cannot satisfy, while breaking off to play the piano. “It helps me relax,” he said. Jack Ewing contributed reporting. Read the full article
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theblockchaincafe · 6 years ago
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Cryptocurrency Exchanges: Complete Guide For Beginners-2
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Cryptocurrency exchanges have become more in numbers due to the demand for different cryptocurrencies. A crypto exchange is defined as a web business. It helps customers in buying, selling, storing, and trading cryptocurrencies like Ripple's XRP, Stellar Lumens (XLM), Dogecoin (DOGE), etc. When a person has deep understandings of more cryptocurrency exchanges, then the person will be able to find the best cryptocurrency exchange for himself in no time.  Mentioned below are a few cryptocurrency exchanges:
Coinbase
Coinbase is a crypto exchange headquartered in San Francisco, California, United States. It was founded in the year 2012. Brian Armstrong is the CEO of Coinbase. Brian Armstrong and Fred Ehrsam are the co-founders of Coinbase. Customers can buy, sell, store, and transfer cryptocurrency. Ripple (XRP), Stellar Lumens (XLM), Dogecoin (DOGE), Basic Attention Token (BAT), Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), USD Coin (USDC), Zcash (ZEC), 0x (ZRX), Augur (REP), EOS.IO (EOS),  Chainlink (LINK), and Dai (DAI) are available cryptocurrencies. AUD, USD, EUR, GBP, CAD, and CNY are the supported fiat currencies. It supports payment options like Credit card and Debit card. AFRICA: Angola, Benin, Botswana, Cameroon, Ghana, Kenya, Mauritius, Namibia, Rwanda, South Africa, Tunisia, Uganda, and Zambia.  ASIA: Armenia, Bahrain, Brunei Darussalam, Hong Kong, India, Indonesia, Jordan, Kazakhstan, Korea, Republic of, Kuwait, Kyrgyzstan, Macao, Maldives, Mongolia, Nepal, Oman, Philippines, Singapore, Taiwan, Uzbekistan AUSTRALIA: Australia EUROPE:  Andorra, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Dk  Denmark, Estonia, Finland, France, Gibraltar, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, and United Kingdom. Oceania: New Zealand NORTH AMERICA:  Aruba, Bahamas, Barbados, Bermuda, Canada, Cayman Islands, Costa Rica, Curaçao, Dominican Republic , El Salvador, Guatemala, Honduras, Jamaica, Mexico, Nicaragua, Panama, Trinidad and Tobago, United States, and Virgin Islands (British). SOUTH AMERICA:  Argentina, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, and Uruguay.
Bitit
Bitit is a crypto exchange headquartered in Paris, France. It was founded in the year 2015. Nicolas Katan, CEO, and Co-Founder of Bitit. Customers can buy and sell cryptocurrency on Bitit. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Stellar Lumens (XLM), EOS.IO (EOS), Litecoin (LTC), Cardano (ADA), TRON (TRX), Monero (XMR), Dash (DASH), Binance Coin (BNB), Ethereum Classic (ETC), Zcash (ZEC), Bitcoin Gold (BTG), VeChain (VET), OmiseGO (OMG), 0x (ZRX), Qtum (QTUM), Basic Attention Token (BAT), Zilliqa (ZIL), Siacoin (SC), Bancor (BNT), and Civic (CVC) are available cryptocurrencies. Euro (EUR), US Dollar (USD), Pound Sterling (GBP), Chinese Yuan Renminbi (CNY), Canadian Dollar (CAD), Swedish Krona (SEK), Norwegian krone (NOK), Danish krone (DKK), South Korean Won (KRW), Turkish Lira (TRY), Singapore Dollar (SGD), Hong Kong Dollar (HKD), Japanese Yen (JPY), Australian Dollar (AUD) and South African Rand (ZAR) are the supported fiat currencies. It supports payment options like Cashlib, Credit card, Debit card, and Neosurf. It is available in the following countries: Albania, Andorra, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahrain, Belgium, Benin, Brazil, Bulgaria Burkina Faso, Cameroon, Canada, Chile, Colombia, Costa Rica, Croatia, Cyprus, Czechia, Côte d'Ivoire, Denmark, Egypt, Estonia, Finland, France, French Guiana, French Polynesia, Georgia, Germany, Ghana, Greece, Guadeloupe, Guernsey, Hong Kong, Hungary, Iceland, Indonesia, Ireland, Isle of Man, Israel, Italy, Japan, Jersey, Kenya, Korea (Republic of), Kuwait, Latvia, Lebanon, Liechtenstein, Lithuania, Luxembourg, Madagascar, Malaysia, Mali, Malta, Martinique, Mauritius, Mayotte, Mexico, Monaco, Montenegro, Morocco, Netherlands, New Caledonia, New Zealand, Nigeria, Norway, Philippines, Poland, Portugal, Puerto Rico, Qatar, Réunion, Romania, Russian Federation, Saint Martin (French part), Saudi Arabia, Senegal, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Tunisia, Turkey, Ukraine, United Arab Emirates, United Kingdom of Great Britain and Northern Ireland, United States of America, and Viet Nam.
Poloniex
It was founded in 2014. It is headquartered in Wilmington, a city of Delaware, the U.S. state. Tristan D'Agosta is the CEO and founder of Poloniex. It supports cryptocurrencies like BTC, ETH, XRP, DOGE, XLM, ETC, STRAT, LTC, SC, DGB, BCH, LSK, XMR, LOOM, BAT, etc. It supports payment options like cryptocurrency. Customers can buy, sell, and trade cryptocurrencies. Customers from China, Germany, Pakistan, Vietnam, the U.S. state of New York can't use services of Poloniex.
Bitbns
Gaurav Dahake is the CEO of Bitbns. Customers can buy, sell, and trade cryptocurrency. It supports cryptocurrencies like BTC, XRP, XLM, DASH, BTT, EOS, ADA, TRX, DOGE, etc. Gaurav Dahake, Prashant Singh, Srikanth Sethumadhavan, and Rohit Shah founded BuyHatke. BitBNS was introduced by BuyHatke. BuyHatke is a platform whose main purpose is to compare prices of products from different kinds of shopping sites. It supports fiat currencies like INR. It supports payment options like Unified Payments Interface (UPI) or Immediate Payment Service (IMPS). It is available in India.
Kraken
Kraken is a cryptocurrency exchange which was founded in 2011. It is located in San Francisco, California, United States. Customers can buy, sell, and trade cryptocurrencies. Jesse Powell is the CEO and the founder of Kraken. It supports cryptocurrencies like Augur REP, Bitcoin BTC , Bitcoin Cash BCH, Cardano ADA, Cosmos ATOM, Dash DASH, Dogecoin DOGE, EOS EOS, Ethereum ETH, Ethereum Classic ETC, Gnosis GNO, Litecoin LTC, Monero XMR, Qtum QTUM, Ripple XRP, Stellar Lumens XLM, Tether (Omni Layer) USDT, Tezos XTZ, Watermelon MLN, and Zcash ZEC. It supports fiat currencies like USD, EUR, GBP, JPY, CAD. Electronic Funds Transfer, Bank transfer (SEPA), and Wire transfer are supported payment options. Customers from Afghanistan, Cuba, Iran, Iraq, Japan, North Korea, and Tajikistan can't use services of Kraken.
Cryptopay
Cryptopay is a crypto exchange headquartered in London, United Kingdom. Customers can buy, sell, and store cryptocurrency. Dmitry Gunyashov is the CEO and Co-founder of Cryptopay. Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP) are available cryptocurrencies. EUR, USD, RUB, and GBP are the supported fiat currencies. It supports payment options like Credit/Debit Cards.  It is available in the following countries: Andorra, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Bahamas, Bahrain, Barbados, Belgium, Belarus, Belize, Bermuda, Brazil, Bulgaria, Canada, Cayman Islands, Chile, China, Colombia, Costa Rica, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Dominica, Dominican Republic, Ecuador, El Salvador, Estonia, Falkland Islands (Malvinas), Faroe Islands, Finland, France, French Guiana, Georgia, Germany, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guernsey, Guyana, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, South Korea, Kuwait, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malaysia, Maldives, Malta, Martinique, Mauritius, Mexico, Republic of Moldova, Monaco, Mongolia, Montenegro, Nepal, Netherlands, New Zealand, Nicaragua, Norway, Oman, Panama, Papua New Guinea , Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Reunion, Romania , Russian Federation, Saint Kitts and Nevis, Saint Lucia, Saint Martin (French part), Saint Vincent and the Grenadines, San Marino, Saudi Arabia, Serbia, Seychelles, Singapore, Sint Maarten (Dutch part), Slovakia, Slovenia, Solomon Islands, South Africa, Spain, Suriname, Sweden, Switzerland, Taiwan (Province of China), Thailand Turkey, Turks and Caicos Islands, Ukraine, United Arab Emirates, United Kingdom, Uruguay, and Virgin Islands.
OKcoin
It was founded in 2013. It is headquartered in San Francisco, California, United States. Star Xu is the founder of OKcoin. Tim Byun is the CEO of OKcoin. It supports cryptocurrencies like BTC, ETH, LTC, ETC, BCH, EOS, XRP, etc. It supports fiat currencies like USD and EUR. It supports payment methods like Debit/Credit Cards and Wire Transfer. Customers can buy, sell, and trade cryptocurrency. It is available worldwide, but customers from Cuba, Iran, North Korea, Crimea, Sudan, Syria, Malaysia, Bangladesh, Bolivia, Ecuador, and Kyrgyzstan can't use services OKcoin. It is available in the following places: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
Robinhood
It is headquartered in Menlo Park, California, United States. Baiju Bhatt and Vladimir Tenev are co-founders of Robinhood. It was founded in 2013. Vlad Tenev is the CEO of Robinhood. Customers from Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Indiana, Illinois, Iowa, Kansas, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Washington, D.C., Wisconsin, and Wyoming can use services of Robinhood. It supports cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ethereum (ETH), Ethereum Classic (ETC), and Litecoin (LTC). It has payment options like Cryptocurrency. Customers can buy, sell, and trade cryptocurrency. To learn more about cryptocurrency exchanges, click on the link: Cryptocurrency Exchanges: Complete Guide For Beginners-1 Read the full article
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playhub · 6 years ago
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Captain Jack
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Join here
Casino Games: VISA/Maestro Card Accepted! The Most Recent JACKPOT Is $10,475.58! No Downloading Required!
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Captain Jack Casino Details
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Withdrawal Method: Bank Wire Transfer, Cheque, Neteller.
Deposit Methods: Neteller, Visa.
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Casino Type: Download, Instant Play, Mobile.
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Captain Jack Casino invites you to join the team of an invincible pirate frigate and go on a trip to boundless golden shores! This site has a whole and interesting design dedicated, as the name implies, to pirate topics, as well as a balanced set of slot machines and other types of gambling. All this is counterbalanced by the excellent security system of Captain Jack Casino and the use of advanced technologies in the field of personal data protection for visitors.
In this review, we`ll cover all these points in detail in order to understand whether it`s worth playing in Captain Jack Casino for real money. We also won`t forget about bonuses because free spins and deposits are the basis for attracting customers to any casino. So, raise the mooring lines! We set off on a journey.
Software Captain Jack Casino
The reliable and proven software is one of the main ways to earn the loyalty of online casinos customers. Having received no declared speed and popular slots, users at the best will simply leave the site, at worst – leave angry reviews that will negatively affect the reputation of the service. Captain Jack Casino actively cooperates with leading manufacturers of slot machines, such as Real Time Gaming. New 2019 gaming machines from these manufacturers appear almost constantly.
Thus, players can always enjoy the latest developments in the gambling industry. Captain Jack Casino also has a license for Technical System Testing (TST), which is a monitoring organization that checks the casino software for fraudulent transactions and cheating. The TST certificate confirms that Captain Jack Casino uses a completely transparent scheme of the game, where everything depends on a random number generator, but not on the influence of the casino personnel on the honesty of the slots.
Captain Jack Casino now offers the players with 160 slot machines, among which you can find both classic models with three reels, and modern video slots with interesting game mechanics and many secret levels. Also separately in Captain Jack Casino there is sorting through New and Popular games. Top popular slots are updated every week, and the “New Games” tab allows the players to immediately play new items without searching them in the entire list of slot machines. Captain Jack Casino also offers its visitors a huge segment of free slots so that the players can get to know both the interface of the site and the real payments on slots.
Other Types of the Games
In addition to the standard slot machines, Captain Jack Casino offers the players to try their luck in other types of gambling. The following types of card and table games are available on the site:
Card games: poker (like classic variants such as Texas Hold’em Poker, Tri-Card Poker and Red Dog, and a more liberal interpretation in the form of Let’em Ride and Pai Gow), several variants of blackjack and baccarat;
16 kinds of video poker;
Several tables of classic American roulette, differing in player level and the size of bets;
The so-called Specialty Games are represented in the Captain Jack Casino in the form of French and European roulette, as well as craps, Chinese checkers, several types of instant lotteries, bingo and keno. Thus, lovers of excitement will definitely find something to their liking.
All the games are available both in a browser version of Captain Jack Casino and in a downloadable client for PCs or tablets. The stationary version, among other things, will allow you to play in the absence of an Internet connection and train your skills, and also has a faster download speed of your favourite games and a convenient personal cabinet. In the personal office of Captain Jack Casino, you can sort the games by type, level of skills and complexity, bet sizes, number of players in the game and many parameters, which will allow you to choose the configuration and the table according to your taste and preferences.
Captain Jack Casino Bonus Policy
Bonuses and promotions in Captain Jack Casino are presented in the form of a standard package for registration of a new participant and a VIP program. Let`s consider in more detail how it`s implemented.
In Captain Jack Casino there are several types of no deposit bonuses:
Captain Jack Casino $ 10,000 Welcome Deal: applies to the first 10 account replenishments for at least $ 30. In the casino cashier after each deposit, you have the right to receive a code that adds a bonus of 100% of the replenishment amount to you.
180% No Rules Slots Bonus: a great offer for fans of slots, keno, bingo and instant lotteries. By the code JACKS180, you can get a bonus in the form of 180% of the replenishment amount (minimum deposit $ 30). This bonus doesn`t require wagering and doesn`t have a withdrawal limit.
250% All Games Bonus: the bonus is similar to the previous offer, but applies to absolutely all the games of Captain Jack Casino. By the code JACKS250, you can get a bonus in the form of 250% of the replenishment amount (minimum deposit $ 30). This bonus has a wager x30.
VIP status is the way of Captain Jack Casino to thank the most zealous and loyal customers who have been playing for more than a year. Such a program gives the players some privileges: a larger bonus multiplier, the ability to withdraw wins without waiting, access to closed game rooms and slot machines.
Captain Jack Casino offers a five-step program to enhance your status:
Stowaway (1st level): the opportunity to get 10% insurance with one withdrawal and weekly cashback based on the number of previous deposits, as well as higher limits for table games and access to closed VIP games. Comp points are credited for every $ 10 in the account.
Swabie (2nd level): together with insurance, you can withdraw funds twice, and also get a personal manager who works with your account. Comp points are credited for every $ 7.5 on the account.
Swashbuckler (3rd level): funds insurance becomes more extensive: 15% with three mandatory payments. Also, you can display the won money out of the queue. Comp points are credited for every $ 5 in the account.
Buccaneer (4th level): 17% insurance with 4 mandatory payments, access to personal VIP games and thematic events. The limit for participation in board games grows 20 times. Comp points are credited for every $ 5 in the account.
Captain (5th level): access to the most luxurious gaming zones and themed events, 20% insurance of funds. Comp points are credited for every $ 2 in the account.
As a rule, you can obtain VIP status in Captain Jack Casino in several ways:
Collect special points that fall out when replenishing the account for a certain amount, winning in slots or board games, wagering bonus and other activities. When a certain number of points is reached, the status increase occurs automatically.
One-time account replenishment for a certain amount (or replenishment for a certain amount in a short period of time) also increases your player status.
Deposit and Withdrawal of Funds
Replenishment of the account in Captain Jack Casino is carried out in several ways, and each gambler will be able to pick up something in the spirit. The casino officially cooperates with the following payment systems:
Neteller: the most popular way of replenishing the account. However, it has some limitations: for example, payments come to your game balance with a delay of up to 24 hours. Of the merits – small and multiple transactions are combined into one large, which reduces the cost of commission. In order for you to be able to replenish your account with credit or debit cards, at the first transaction, the casino will ask you to fill out a special agreement, in which you`ll need to specify your personal data and confirm that you are the owner of the card.
Neteller: a great way to replenish your account without delay. To do this, you`ll need to create an account on the Neteller website and link it to your account in Captain Jack Casino. Please note that this payment option isn`t available to residents of the United States, France, Canada, Spain, Germany, and Singapore.
When you first withdraw funds, Captain Jack Casino support can request your personal information as proof that you are an adult and the owner of the card. To do this, send a scanner of your passport or driver’s license to the Captain Jack Casino support team. This information will need to be confirmed each time you use a new card or a new way of withdrawing money. The verification can also be planned – once every 6 months.
Other Important Captain Jack Features
To encrypt user transactions in Captain Jack Casino, a 256-bit SSL certificate is used. The same encryption systems are used in the most famous world banks and financial exchanges. In addition, the Captain Jack Casino site works exclusively with trusted payment systems that have a transparent transaction system. RNG Certificate indicates that the software and the Captain Jack Casino gaming machines are checked for honesty and exclude their cheating in favour of the casino and thus, deceptive appropriation of the user money. RNG is the most well-known in the world community software with random number generators, which is used in virtual casinos.
Captain Jack Casino also has licenses from leading expert organizations that check gambling establishments around the world. In particular, you can see the certificate from Costa Rica.
In addition, Captain Jack Casino is an organization that helps people who suffer from addiction and teaches the players to treat gambling responsibly. You can use the function to freeze the account, completely deactivate it or contact the support team if you feel that you or your loved ones need help. If you still have questions or problems, you can always contact the Captain Jack Casino support team. It works in the form of a chat 24/7. In addition, you can contact the staff by calling the hotline or by writing to the mail, which you can find in the “Contacts” section.
Captain Jack Casino Description Summary
In general, Captain Jack Casino online can safely be called reliable. The use of the advanced data encryption technologies, as well as a diverse choice of not only classic gaming machines but also more specialized games, and an opportunity to play with live dealers attract a lot of customers. The bonus policy of Captain Jack Casino isn`t very rich, but it`s compiled with an excellent welcome bonus and an opportunity to easily get VIP status. Separate attention deserves the fact that Captain Jack Casino responsibly refers to the problem of gambling addiction and cooperates with partner organizations that provide assistance related to this subject.
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lightstclker-blog · 6 years ago
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Welcome to Dubai!
Dubai is found on the Nearby Beach shore of the U. s. Arabic Emirates, directly within the Arabian Wasteland. The town has no organic stream bodies or oases, but does have a organic inlt, Dubai Stream, which has been dredged for making it deep enough for large veins to pass through. Dubai is an important vacationer location and its slot, Jebel Ali, constructed in the 70's, has the biggest man-made harbour in the world. Dubai is progressively creating as a hub for service sectors such as technology and finance.
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Of the seven Emirates that define the U. s. Arabic Emirates, Dubai has the biggest inhabitants. Dubai's inhabitants consists of mainly of retirees, with UAE people making up the community. According to the UAE Secretary of state for Work, more than one million people of Dubai, or 83% of the human inhabitants is worldwide created. Most of foreigners come from Indian (51%), followed by Pakistan (16%). Dubai has some 100,000 European Expats.
The formal terminology of Dubuai is Persia but English is commonly verbal, especially in the business industry. Since most street and shop signs, cafe choices, etc., are in both English and Persia, one could live quite easily in this town without speaking Persia. Nearby, Malayalam, Hindi, Urdu, Arabic, and Tagalog also commonly verbal.
Dubai has a desert environment with temperature ranges which range from 50 levels F in the winter to 118 levels F during summer months time time. Rain fall is irregular and setting up a business in dubai company formation and company setup UAE people term the weather as "seven months in heaven and five more in an inferno." The warm environment makes it appropriate to wear bermuda and T-shirts however, as Dubai is a Islamic town, guests should be aware of their attire: shoulder area should be covered and women should avoid dressed in tight-fitting clothing.
All guests, except for people of the Arabic Beach Co-operation Authorities (AGCC), which includes guests from Bahrain, Kuwait, Qatar, Oman, and Saudi Arabic, will need to have a charge subsidized by a regional enterprise such as expensive hotels or trip company. English people with the right of residence in the UK and expatriate people of the AGCC of certain countries and careers may are eligible for automated 30 day visit visas on appearance, but rules should examined before traveling.
There are several products that should not be brought into the UAE such as alcohol, porn, cream color, drugs, walkie talkies, remote & wireless phones, spiritual products (crosses, Buddhas, video clips with spiritual images), weapons, ammo, draggers, blades, swords and warrior spears.
The unit of currency is the UAE Dirham (Dh), and there are 100 fils in each Dirham. The Dirham is available in variations of 1, 5, 10, 50, 100, 200, 500 and 1,000 notices and in 25 fils, 50 fils. For every day buys, such as food, cash and bank cards are commonly used. Automatic teller machines (ATMs) are available 24 / 7.
The most well-known communities for expats are places such as Jumeirah, Umm Sequim, Emirates Ponds, Emirates Mountains, Mirdiff for cottages and Bur Dubai & Sheikh Zayed for flats. Each of these places is valued for its vicinity to good schools and shopping. Most expats seem to lease, as until recently they were not allowed to own property in the UAE. However, beginning in the Summer 2002, this started changing. Today, many expatriate subdivisions (including the Dubai Harbour, The Veggies, The Mdw, Arabian Ranches, the Hand Project, etc.) are available with the option to buy.
For Expats leasing a house in Dubai, their lease is usually paid by check. To start a banking account, a ticket and charge (or application) will be needed. A work contract or No Argument Correspondence from a attract and a papers that can recognize one as a regional citizen, such as a electricity bill or permit, may be sufficient. Non-residents are not able to start banking accounts.
Due to the high expatriate inhabitants, the tutorial system in Dubai is extremely different. English is the most common educating terminology. Almost all of the English program schools have waiting details and accessibility to other schools will differ based upon on the season the student will be applying. Local schools generally have three terms: Fall, which operates from mid-September to mid-December; Spring, which operates from beginning Jan to beginning April; and Summer, which operates from mid-April through beginning This summer.
For school knowledge, many retirees seem to deliver their children back to their house country or to European nations. Even though Dubai has plans to increase more approved universities, they continue to deliver 90% of all potential highschool students to Indian for a greater technical knowledge. A substantial number of worldwide approved universities and universities have been set up in the town over the last ten years. More and more 'A' level and International Baccalaurate knowledge organizations are being creating in the region.
Driving is the most famous method of transportation in Dubai, where people drive on the right hand side of the way. Legitimate certificate owners from certain nations will be able to "swap" their permits for a Dubai one. These nations are: Sydney, Norwegian, Bahrain, The country, North america, Malta, Czech Republic, Denmark, Finland, Italy, Portugal, Malaysia, Iceland, Ireland in europe, Italy, Asia, Kuwait, Norwegian, Holland, New Zealand, Norwegian, Oman, The country, People from france, Qatar, Saudi Arabic, Singapore, Slovakia, Southern African-american, Southern South korea, Italy, Norwegian, Swiss, Poultry, U. s. Empire and U. s. States.
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bowsetter · 7 years ago
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Cryptocurrency Exchange Bitex Launches in the UAE
Bitex has officially launched as the United Arab Emirates’ (UAE) newest digital asset exchange. The Dubai-based trading platform will initially support bitcoin core, bitcoin cash, ethereum and litecoin. Bitex also announced the launch of a cryptocurrency wallet that offers an additional cash deposit service, according to media reports.
Also read: Market Slump Puts Crypto Derivatives in The Spotlight
Changes in Regulation Spur Development
Monark Modi, chief executive officer of Bitex UAE, said the exchange will provide multiple payment options including bank transfer and credit or debit cards. The cash deposit service allows users to schedule a cash pickup, with funds immediately deposited in their accounts and available for trading within 24 hours, he explained.
“Recent changes in UAE regulation have made today the perfect time to seize the opportunity to introduce a new, secure, professional trading platform,” Modi is quoted as saying by the Bahrain news portal Trade Arabia on Nov. 22. He said the UAE government has demonstrated progressive leadership with its Blockchain Strategy 2021, which has “laid the groundwork for digital assets becoming more accessible” in the Gulf state.
Modi stated:
UAE residents have been calling out for more options to securely buy and sell digital currencies … while residents have been able to use international trading platforms for some time, having access to a local exchange is far more convenient. Trading via a UAE-based company allows customers to easily deposit local currency rather than first having to exchange it for a more widely-accepted currency.
Crypto and Blockchain Hotspot
In June, the Financial Services Regulatory Authority, regulator of Abu Dhabi Global Market, released a framework for regulating crypto assets and their attendant activities. The framework addresses the potential risks associated with cryptocurrency transactions, including alleged financial crime, money laundering, consumer protection and technology governance. The guidelines have been viewed as testament to the UAE’s progressive attitude towards blockchain and virtual currency use and adoption.
According to Trade Arabia, Bitex UAE has said it uses a multi-signature HD wallet to store cryptocurrency. A three-key system increases security, the company claimed, requiring two of the three keys in order to access funds. “The first key is securely stored by Bitex UAE, the second is stored with Bitex UAE’s wallet partner and the third is a recovery key,” it said separately on its Linkedin page.
The UAE is developing into a hotspot for blockchain and cryptocurrency adoption. Its Blockchain Strategy “aims to position Dubai as a leader in this global technology.” The country has also announced plans to operate its own cryptocurrency by the year 2020.
What do think about the Bitex UAE launch? Let us know in the comments section below.
Images courtesy of Shutterstock and Bitex UAE.
Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.
  The post Cryptocurrency Exchange Bitex Launches in the UAE appeared first on Bitcoin News.
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jacobhinkley · 7 years ago
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This Week in Bitcoin: Digital Money Makes the World Go Round
This week we saw that despite most countries being less open to cryptocurrency as Japan, this amazing innovation continues to fascinate the whole world. This was evident in stories from all over the globe that were covered in this week’s daily editions of Bitcoin in Brief.
Also Read: Devere Group Adds Bitcoin Cash and EOS to Crypto Exchange App
Poloniex Responds to Complaints
On Monday we reported that Poloniex, the US-based cryptocurrency trading platform which was taken over by Circle earlier this year, has finally responded to complaints by its clients about frozen accounts. The company tried to reassure clients their funds were safe and that it has taken steps to increase the speed of the identity verification process. Additionally covered was the fact that the UK’s Financial Conduct Authority (FCA) has revealed it is investigating two dozen unauthorized cryptocurrency-related ventures and has also opened seven whistle-blower reports in 2018 alone.
McAfee Warns of War on Crypto
John McAfee (Photo by Gage Skidmore)
The big news on Tuesday was that cybersecurity expert turned pump and dump guru John McAfee has issued another bullish prediction. Bitcoin (BTC) will surpass $15,000 in June, but will dip in July, McAfee predicted. His prediction was in contrast with Russian analysts who expect that value of BTC will continue to drop, even below the psychological $6,000 USD threshold.
McAfee also also talked about “the war we are all engaged in”, Claiming that the banks, the government and the US Securities and Exchange Commission have declared war on crypto. He advised crypto enthusiasts to take action – write their congressmen and press banks and credit card companies with demands for crypto transactions. McAfee called on his followers to also write the SEC and ask “to leave us alone, because we are not a security […] we are a currency.”
China Fights Impersonators and Fraudsters
A couple of stories that show cryptocurrency is still a hot topic in China were our focus on Wednesday. First, Chinese social media has erupted in anger this week after the use of a Mao Zedong impersonator at the Boao Blockchain Forum for Asia in Hainan province. Second, a Chinese procurator’s office has reportedly prosecuted 98 people and recovered 1.7 billion yuan (about $270 million) in an alleged Onecoin pyramid scheme. Additionally covered were high market awareness in Germany, a London mosque that accepts bitcoin donations, a new green mining farm in Canada and an MMA champ’s love for crypto.
Asus Creates 20-GPU Mining Motherboard
Asus H370 Mining Master
On Thursday we reported that Taiwanese computer hardware manufacturer Asus has created a new motherboard with support for up to 20 graphics cards, designed specifically for crypto miners. The company explains that: “Mining is a numbers game; it’s only worthwhile if the value of the cryptocurrency you generate exceeds the cost of producing it. Increasing the number of graphics cards per node is a great way to stack the deck in your favor.” We also reported about a Singaporean businessman acquiring a Japanese exchange; some ripple-loving alleged Russian hackers shaking down Canadian banks; and a Colombian soccer star launching his own coin.
Expanding Horizons in Uganda, Bahrain and Georgia
Countries not often mentioned in the news made headlines on Friday. First, Binance could be opening a new office in Uganda, CEO Changpeng Zhao revealed at The Africa Blockchain Conference. “I was very impressed by the enthusiasm of Africans to introduce cryptocurrency and blockchain technology. It was surprising to see that cryptocurrencies enjoy not only an increased interest from the people, but also the active support of many representatives of African banks and government officials,” CZ stated. Second, Bahrain has recently enjoyed a spike in online trade using cryptocurrency due to an absence of limiting regulations and a shop selling crypto-priced items is set to open soon in Riffa. Lastly, we reported that a luxurious apartment has been put on sale for 25 bitcoins in Georgia.
Blockchain on the Agenda in Spain, Slovenia, Estonia and Hungary
Governments all across Europe were our focus on Saturday.  Lawmakers in Spain have issued a unanimous call for adopting regulations that favor the implementation of crypto and blockchain technologies. The government of Slovenia has adopted an action plan to underpin the implementation of blockchain technology in the country and create a regulatory framework for cryptocurrencies. In Estonia, officials have scaled down plans to issue a national cryptocurrency, which were criticized by both the European Central Bank and local banking authorities. And in Hungary, “The newly established Ministry for Innovation and Technology, along with the enhanced national digital wellbeing strategy, can help local blockchain players embrace innovative solutions and improve their fundraising potential,” said Péter Benedek, the CEO of Blockchain Competence Center (BCC).
This Week in Bitcoin Podcast
Catch the rest of this week’s news in the This Week in Bitcoin podcast with host Matt Aaron.
What other stories in the bitcoin world caught your attention this week? Share your thoughts in the comments section below. 
Images courtesy of Shutterstock.
Do you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That’s why we are building this online universe revolving around anything and everything Bitcoin. We have a store. And a forum. And a casino, a pool and real-time price statistics.
The post This Week in Bitcoin: Digital Money Makes the World Go Round appeared first on Bitcoin News.
This Week in Bitcoin: Digital Money Makes the World Go Round published first on https://medium.com/@smartoptions
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ahmedsalmanmagento-blog · 5 years ago
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How to optimize your Magento UX to provide better customer experience
When it comes to running an online business the aspect that has the most effect on the growth and success of your company is the consumer experience, making it the most important aspect to think about when making crucial decisions. A fantastic customer experience is the one thing that can stop customers from comparing your goods to other eCommerce websites or preferring different manufacturers over yours.
There are many reasons why providing good customer experiences is important. To start with, it enables you to cultivate brand loyalty. Brand loyalty is deeply connected to trust and also a fantastic customer experience will help you to build that confidence causing a strong customer relationship. Taking care of the needs of your clients ensures their loyalty for your brand and also covers the cost of getting new clients which greatly enhances the development of your business. The approach to providing excellent customer service includes assigning client needs, treating them well, and exceeding their expectations. This will end in long-term customer relationships which will provide immense value to your enterprise.
Providing a good customer experience is essential for any sort of company. Considering the high amount of rivalry in online business, great customer service can give your online store only the push it needs to get in front of its rivals.
The very first step is that you need to identify your clients. Every customer visiting your eCommerce platform is exceptional. That's why creating a satisfying experience for all can be challenging. But, there are numerous ways to assist your eCommerce business to guarantee maximum client satisfaction. Nowadays, clients expect quick and prompt service. It is, thus, crucial for companies to streamline procedures, prioritize product/service quality, and ensure timely and effective service criteria.
Continuous Communication
It is also extremely important to socialize with your customers on a standard basis. Open and frank communication lets you build a certain level of trust with them, which greatly helps in building strong lasting relationships and higher satisfaction levels. You can attain this by various channels for communication like live chats, social media interactions.
Feedback and Complaints
Research has shown that over 90% of dissatisfied customers do not complain at all, but at precisely the same timethey never come back to do business with a company ever again. It is possible to fix this problem by simply listening to everything they need to say regarding the products or services your business is offering. You can send an email or a simple feedback form and they can share their experiences with your service or product.
How Can Magento Help?
Rapid technological advancement requires every sort of company to have an online presence. Businesses today require a platform which allows them to provide responsive online sales and ensure maximum client satisfaction at exactly the same time. Magento is among the most widely used eCommerce content management platform (CMS) that may be used by businesses to handle their online shop. This open-source eCommerce solution helps retailers and retailers with various business tasks like design, content, and total performance of the website.
The Way Magento Can Help Improve Customer Experience?
Magento enables website owners to improve the customer experience by providing a flexible and robust platform to handle jobs. One of the most important elements of a Magento website that help enhance customer experience are listed below.  
Optimized Order Management
Magento-based sites enable your clients to manage their online orders without any problems. They can re-order, print invoices, get a telling as well as receive RSS feed of all of the new orders. Customer Support
You may also expand your reach customers and offer them quick and easy support incorporating a live chat feature to your Magento shop. Furthermore, Magento is also compatible with multiple languages and currencies.
 Analytics and Reporting
Business reporting and analytics play a important role in managing customer expectations. Magento presents detailed insights into the client's tastes and needs by integrating tools such as website optimizer and Google Analytics. Magento's reporting gives valuable information on various aspects of consumer behavior. These include attributes like most viewed products, total sales, the entire quantity of orders taken a day, etc.. 
Multiple payment systems
Magento is also capable of integrating multiple payment gateways like Visa / Master cards, online banking, Google Pay, PayPal, Amazon, etc, that help your business offer quality service to your clients when it comes to payments. These are some of the many attributes that Magento offers that help to guarantee maximum client satisfaction necessary for any kind of business.
What is Next?
In this guide, we've discussed the value of excellent customer experience and the way it helps a business to transcend. Furthermore, numerous characteristics of this Magento eCommerce Platform have also been emphasized that can help you guarantee the best customer experience so that your business can grow in today's competitive market. You can also further improve your customer service by adding additional attributes to your online shop using Magento extensions which may provide you with that extra drive your company needs. Get in touch with us right now and we'll be happy to help you out in your internet business journey to find the most efficiency from your business. Interested?
Author Bio:
Salman Ahmed is a Business Manager at Magneto IT Solutions – a Software development company in Bahrain that offers quality Magento Website Development, Magento development, android app development, Custom Magento Development, laundry app development. The company has experienced Magento developers for hire at a very affordable price. He is a firm believer in teamwork; for him, it is not just an idea, but also the team’s buy-in into the idea, that makes a campaign successful! He’s enthusiastic about all things marketing.
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businessliveme · 5 years ago
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Mastercard champions safe and secure payment transactions in Middle East & Africa with increase to contactless payment limits
Dubai, UAE – 6 April 2020 – Mastercard announced today that it is championing efforts to increase contactless payment limits across the Middle East and Africa (MEA) region as people look for safer ways to pay in the wake of the COVID-19 pandemic. The initiative is in line with recommendations from global and regional health authorities and governments to practice social distancing that has led a growing number of merchants to encourage consumers to pay with contactless over cash to avoid human-to-human contact.
Globally, Mastercard has been spearheading the transition to contactless for over 15 years. In MEA, the company has worked with various industry partners and sectors in multiple markets to increase the use of digital and contactless payment technology in an effort to enhance safety, security, speed and convenience in the payment experience for cardholders. In 2019, the MEA region saw >200% growth in contactless transactions. Today almost 1 in 9 Mastercard transactions at point-of-sale (POS) terminals in MEA are contactless. 
Central banks across the region in Saudi Arabia, Qatar, Bahrain and Egypt have already increased the cardholder verification method (CVM) limit, which will ultimately improve purchase experiences for people across the region, making them safer and more convenient for consumers and businesses alike. Mastercard is working swiftly with all financial institutions, issuers and merchants to ensure this update is executed securely for shoppers in the region.
“Mastercard remains committed to offering safe, secure, and simple payment solutions across the region. In the current environment, we are grateful that contactless payments are available so consumers can follow social distancing recommendations, and that people are embracing these safe and hygienic solutions as their preferred form of payment every day.  Today’s announcement reflects the pace of those changing behaviors, offering consumers ease, speed and peace of mind in a rapidly changing world. We will continue to work with our industry partners to guide and support them through this effort,” said Mete Guney, Executive Vice President of Services, Middle East & Africa at Mastercard.
Presently, while following best practices from around the world, Mastercard is working closely with its partners to enable businesses and retailers to implement contactless limit increases quickly and efficiently. Contactless payments for transaction amounts below the CVM limits do not require a physical PIN entry, therefore this important move would allow cardholders to make higher value payments without having to touch the POS terminal keypad – enabling consumers to purchase more of what they need with the security and touch-free experience expected from contactless payments.
Cardholders should look for the contactless symbol on the front or back of their credit or debit cards to determine whether they have a contactless-enabled card or can add their debit or credit card to their mobile wallets on their contactless-enabled devices to tap and pay where contactless payments are accepted.
Mastercard’s effort to raise CVM limits is one of many the company is leading to do its part for its employees, customers and cardholders.  Most recently, the company announced a partnership with The Bill and Melinda Gates Foundation and Wellcome Trust to accelerate the development and access to treatment for COVID-19 with the initial grant of US$20 million funding announced to three institutions to fund clinical trials.
Please find below all the countries with their old and new limits:
  Country  United Arab Emirates Bahrain Egypt Qatar Lebanon Oman Pakistan Saudi Arabia Currency  AED BHD EGP QAR LBP OMR PKR SAR Current limit 300 20 300 100 100,000 20 2,500 200 New limit 500 50 600 300 150,000 30 4,000 300
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