For many years intermediaries have found a way to wedge themselves between consumers and merchants, profiting from both sides and making transactions below a certain dollar value all but impossible. Thanks to the internet, the world we know is changing very rapidly, and increased competitiveness in the payments sector is providing people with options that never existed before. The increased competition from small business and startups is creating the beginning of a fee-slashing snowball effect and putting more money in the pockets of consumers. And as consumers gain access to income that would otherwise be allocated to pay for financial services, businesses will immediately enjoy revenue increases and widening margins as their payment processing fees are all but eliminated overnight. With this extra money at their disposal, they can more effectively for expand the business, provide better products, and ensure that customers get even more value for their dollars.
DNotes Global Inc. has made a major development breakthrough on the payment services front, announcing the integration of an automated invoicing system with DNotes 2.0. The system promises to revolutionize customer-to-merchant relationships all over the world by allowing them to transact directly with one another without going through a middleman.
With the rounding out of 2018’s second fiscal quarter quickly approaching, the threat of recession designation is looming over the cryptocurrency industry and investor confidence has been shaken. By definition, recession is a period of economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
Bitcoin began the first fiscal quarter with a valuation above 13,000 USD and slumped to 6,700 USD at the end of the quarter. Therefore, in order to stave off being labelled a recession going into the third quarter, Bitcoin would have to rebound back over 6,700 USD (not adjusted for inflation). Bitcoin currently sits at 6,200 USD.
Cryptocurrency education platform DNotesEDU has announced a massive upgrade, offering expanded content that provides entry level educational material focusing on cryptocurrency and personal finance. According to DNotesEDU education director Brandon Cheliak, the changes are an effort to address the cryptocurrency market’s current lack of sound information about investor protection and education.
By interconnecting inflationary and deflationary currencies we can allow free market forces to dictate inflation or deflation, as opposed to the current standard of central figures making what can be arbitrary decisions on which way to direct the economy. Backing inflationary currencies with deflationary currencies, and providing a gateway for people to freely exchange back and forth will aid the free market in naturally settling upon what interest rates should be. This would signal an end to the era of perpetual growth based on central fiscal policy, and the sometimes deceptive ways of measuring economic progress.