Category: Finance


Why Many are Using Bitcoin

Since the introduction of the concept of cryptocurrency to the public, Bitcoin has been making headlines. It is now considered one of the most successful digital currencies out there. Many influential people in the financial world have endorsed the use of Bitcoin. Without a doubt, the currency has lots of potentials.

Like many other people, you may have your reservation regarding bitcoin. Though there has been a significant number of investors showing interest in Bitcoin, some people have yet to give the cryptocurrency a chance. The article will enlighten you on a few of the many reasons why many people opt for Bitcoin over traditional currency. Below are the reasons why many are using Bitcoin.


using laptopOne of the main reasons why many people prefer to use Bitcoin is that it allows discretion. Unlike traditional currency, one can pay or do a business transaction with Bitcoin without worrying about others knowing. With the conventional mood of paying like the use of credit cards, a trail is left behind. Anyone with access to your financial provider can see the transaction that you have made.

It isn’t easy to be tracked when using Bitcoin unless you show others your transactions. More things are done to avoid a transaction being linked back to identity. You can utilize the various Bitcoin mixers that are found online. So, what’s a bitcoin mixer? This is an online software or platform that is used to make Bitcoin untraceable.


blockchainThe second reason why people prefer Bitcoin is the fact that transactions are quick. Bitcoin came to life because of the technology it is using. Bitcoin uses a technology known as the blockchain. Through blockchain technology, peer-to-peer transactions are done in a short period. It does not matter the location those doing the transaction are.

In a way, Bitcoin has promoted businesses to do transactions with others in different regions. Besides, the transaction does not require a fee. With traditional paper currency, banks and other financial institutions must be paid a fixed fee to do a transaction. There is no external authority that is required for a transaction to be approved.


Apart from transaction speeds and being discreet, Bitcoin is easily accessible. All one needs to use Bitcoin is a device that can access the internet. You can do a transaction with a phone with an internet connection. This has made Bitcoin ideal as it can be accessed effortlessly by anyone. People that cannot access banking institutions have opted for Bitcoin over traditional paper currency.

There are more reasons why Bitcoin is becoming popular. With time, the value of the coin is growing.

financial institution

Tips for Choosing a Financial Institution

There are a lot of decisions we have to make in our daily lives. We have to decide who to marry, which home to buy, where to work, and where to bank. Choosing a financial institution or a bank is not an easy task. When you spare your free time to research on the tips that you should consider in your selection, it will be somehow comfortable.

Here some of the tips that you need to consider to ensure that you are making a perfect choice.

Identify the Type of Account You Need

Most of the financial institutions out there offer many types of financial services. When you try to compare all of them at once, it could seem overwhelming. But the first step to start is deciding the type of account you want. However, this choice will depend on your financial priorities and goals. When you are identifying the type of account that you need, there are some of the factors that you need to consider. Make sure that you compare the rates before making your choice.

Think About Accessibility

currencyOnce you identify the right type of account that you need, make sure that you think about accessibility. When it comes to financing, note that convenience is a critical factor that you need to put into consideration. If you want to pick the right financial institution in Kenya, make sure that you find one that is easily accessible. In doing this, it will be easier to meet your business goals.

Understand the Terms and Conditions

After you have identified the type of commercial bank that you need, make sure that you go through the terms and conditions available. Before making your final remarks, you need to know what is available in the fine print. Read and identify whether there are monthly service fees or not. By understanding its terms and conditions, you will later know the services that you should expect.

Make Your Choice

You do not want to become a customer of a given financial institution without knowing what exactly you are getting yourself into. By comparing various financial institutions, it will be easier to make the right move. Make sure that you find the right bank that suits your lifestyle.

payment terminal

Benefits of Using a Payment Gateway in Malaysia

Every now and then you are bound to hear about a company’s security being breached. It is evident that businesses and companies need to keenly look at the methods and systems they use in storing their client’s data. Payment gateway comes in handy in offering a solution to security breaches. It works by linking your business’s website with banks such that transactions made using credit cards happen in real time. The payment gateway has been a game changer, especially for online stores. If you are considering getting a payment gateway service provider, here are the benefits you will reap.


Many payment gateway service providers give you a secure payment platform. To ensure that your data and that of your clients is fully secure, choose a provider who complies with the highest security Payment Card Industry (PCI) standards. Compliance to PCI standards also means that the provider does not charge you more substantial costs than the industry’s standard.

Saves Time

A payment gateway is faster than manual processing of payments. It also saves the time clients would spend coming to make physical payments in the shop. As such, you and your clients have more free time to do other things.


Payment gateway services enable your customers to buy goods and pay from the comfort of their home or from wherever they are. Technological advancement has enabled people to purchase products at the click of a button. If your business has an online presence and you offer delivery services, gateway payment enables your clients to make purchases and pay for them without having to visit your shop physically. It also allows them to shop at any time without being limited by working hours.

shopping online

Customers are also able to use a bank processor of their choice and make payments in a variety of currencies. Choose a payment gateway provider whose platform offers Dynamic Currency Conversion which enables clients to pay in a currency of their choice.

Confirmation of Payment

Both the trader and the client receive confirmation of a successful payment. As such a trader has control of the payment process, and can immediately take action when a problem occurs. The client also has proof of payment, which makes it easier for any follow-ups where necessary.

shoppingExpanded Customer Base

The convenience offered by the payment gateway to your clients increases the number of your clients, and it also enables you to sell your goods worldwide. Thus, you create a worldwide customer base which would have otherwise not been possible if the clients were required to be physically present for them to make payments — consequently, your sales volume and profits increase which is a primary goal to most businesses.

A payment gateway has many benefits for you and your clients. To ensure that you get the best experience and services choose a provider who is reputable, reliable, compliant with security PCI standards, offers Digital Currency Conversion, whose technology is easy to use and whose rates and fees are convenient to your business.


Tips for Getting Your Online Payday Loan Request Approved Faster

Payday credits can help anyone in times of acute financial needs when there are no other choices available to get cash. In most cases, they are known as high rate loans but they can provide money in urgent situations, which makes them very popular among some segment of lenders.

Unlike other bank loans, online payday loans instant approval  are typically approved in a short period, and cash then credited to your bank pocket that you provide. They are known for high approval rates compared to the typical loans.

But the approval rates do not mean a specific frequency and not everyone gets the approval some are rejected. How do you go about to avoid your request being rejected? And what can you do to increase the chances of being approved? Here are some tips you should consider to improve your approval chances.

Give accurate income report

reportMany payday companies require some minimum income report for your request to be considered. Some lenders prefer that you should have at least some cash from steady contracts. Many lenders can also ask the company you are working in to prove that your papers are right. If, in any case, they notice or spot any forged or false information, your request will not qualify for a payday loan.

Many people think that giving an overstated income report makes them credible for a loan. Trust me. It will only increase your chance of rejections. Make sure that you don’t give wrong information about your monthly income on your loan request.

Check the credit-to-income ratio

Before you apply for a loan, it is wise to compare your monthly income with the amount you are requesting. For instance, if you earn ten dollars per month, make sure you apply something less than ten dollars. Many companies approve loan request that is less than your monthly income to avoid bad debt. Remember the lower the amount, the higher the chances of approval. So consider requesting lower sums. It is better to have the half than none at all, they say.

Make sure your credit score is good

Many lenders frequently run credit forms in every potential client even if they usually display some credit scores, which in standard case do not matter. Therefore, pay heed to your credit records. The higher the credit score you attain, the higher the approval rate. Before you apply, make sure you score more than 700, which is a fair score required by any leader. When it comes to payday, credit scores do not matter a lot but the point is, a good score give you an advantage.

Present the required papers on time

the right papersThe loan approval process can be halted or delayed if you submit your papers on time. Also, your application can be considered and approved if you present your papers on time. Everyone like a person who is timely and reliable,and the same applies to payday borrowers. Make sure that you read very carefully all instruction from the borrower and attach every document as directed by the company. Doing this will not only increase your chances but also give you a guarantee of getting the loan.

clock and coins 2

Top Benefits of value Investing that You should Know

You may have heard of people talking and boasting of the huge gains they get from investing. Well, investing is a good way ensure that you are making a profit from what you already have. Do you have the desire to invest and achieve your financial goals and also gain other benefits? Before you decide where to do your investments, it is always good to consider how secure your money is. It is good that you understand that a good investment does not only generate good returns but should also have multiple benefits to enable you to grow financially. Take a look at the benefits of value investing.

Eliminates emotions

coins inside a jarValue investing makes you take a different thought and action from the other investors. The decisions made in value investing will rely on the actual data on the ground. You will be able to evaluate and analyze data on the ground to come up with new strategies that will be of benefit to your clients. Value investing does not, therefore, involves making decisions based on people’s feelings about the trends in the market.

Compounding interest

Value investing allows you to reinvest your dividends and returns. This means that you get to make some gains on your already existing profit. This shows that value investing can benefit you financially by making your compound interest to generate more profits on your shares. This means that you will get to enjoy a handsome profit from value investing.

Assured rest

With value investing, you get to relax as you make good profits from your shares and your stock. This means that you won’t have to worry about the market peaks or troughs. You can rest in your home while you still being able to make good profits from value investing. It will, therefore, relieve you from dealing with the stress of having to check on your performance every morning.

Allows correction of mistakes

Another great benefit of value investing is that they allow one to correct a calculation mistake before one suffers great losses. This is possible since value investing allows investors to invest by a margin. The margin is to provide safety as the value investing company understands the errors that may occur calculations. Value investing companies, therefore, have the interest of protecting their clients from financial losses and that’s why they adopt the safety margin.

Reduced tax rate

clock and coinsWith value investing, you can relax and worry less about having to pay high amounts of taxes. Having your assets on a value investment means that your tax reduces. In some cases, you may not pay any taxes at all. Value investing will, therefore, be good for you.