Gregory R Smith

Category: Crypto

What It’s in Everybody’s Interests to Regulate Cryptocurrencies

Cryptocurrencies are the newest fad of today’s society, cryptocurrencies are usually the best way to transmit money wirelessly, without physical requirements and the such. Regulation of Cryptocurrencies is an essential part of what any government should do in order to prevent the proliferation of destructive amounts of cryptocurrencies, cryptocurrencies are usually quite easy to use and abuse by a lot of people out there and therefore it is wise that governments keep tabs on such things. Here we’ve written a quick article detailing why it is in everybody’s interests to regulate cryptocurrencies. If you wish to invest and get a hold of a good number of cryptocurrencies, it’s wise to learn how to buy on bitrex for investing and buying cryptocurrencies.

Cryptocurrencies are used in drug transactions often

Cryptocurrencies have been used in drug transactions like from sites like the Silk Road which allows for the free proliferation of drug usage and abuse that has plagued American society and societies across the world, in order to arrest such proliferation, you should probably lobby your local government officials to begin to regulate cryptocurrencies to arrest such huge amounts of drugs from entering the market and disrupting how the normal function of American society works and filling prisons with inmates from across the country.

Cryptocurrencies have a large amount of destructive potential

Cryptocurrencies have been used by governments to send money to terrorist organizations overseas, to finance drug gangs, cartels and a large number of different things that don’t do any good for American society nor any society at large, regulation of such mess can seriously improve the chances of your country to survive the possible negative effects of cryptocurrencies at large, effective regulation has been proven over and over again to help immensely in this regard.…

How Technology Is Changing The Finance And Banking Sector

Technology has come a long way in changing the way the banking and the finance sector operates. In fact, the financial world has seen one of the maximum changes because of the use of technology. More and more advancements are happening each day and there seems to be no stop to this.

Customer service

The biggest of the changes that have happened is through customer service. It was essential to have good customer service and this was important in the financial field because it is money that is being handled here. There was a need for trained staff to handle any customer query. Now there are various applications that save hiring a customer service team. Why do you want to pay a staff and train them when the machine is there to assist your clients?

Banking goes online

Banking for years was done in the non –virtual world. People had to personally visit the bank to carry out the transactions or to withdraw money. However, this is now a thing of the past. The online banking world is becoming very user-friendly and more sophisticated and all that it needs is just an internet connection to be able to do everything with your bank account. Banking services are now available on phone, on mobile and this has been a big boon to the banking industry.

Detection of fraud

Identifying and investigating fraud,, used to be a tiresome and hassling job and needed a lot of effort by man and machines. The system would be able to catch the fraud but it still needed the staff to check whether the particular transaction is a fraud or not. However today it is not just possible to detect the fraud but to identify it as well. And all this can be done without any human intervention.

These ways clearly prove how technology is changing the financial and the banking world in a big way.…