Monthly Archives: August 2021

Blockchain is the future of the financial industry

What is blockchain and why is it so popular – a quick guide.

«Blockchain» is on the Top-100 common words in 2021. Its structural unit is cryptocurrency. For buying, exchanging and saving digital coins you need special wallets like BitMarket Network Client.

Blockchain ≠ Bitcoin

Let’s be clear: Bitcoin and Blockchain are not the same thing.

Blockchain is a technology, a tool with which crypto-currencies, including Bitcoin, are created. It is a whole system and the fastest growing industry today. The developers of innovative multi-currency wallet BitMarket Network Client, predicted that Blockchain will become the main financial industry and Bitcoin the major means of payment after five years.

Now this technology is perfect for clearing securities, transactions between banks and individuals, for credit operations. Blockchain technologies are already being researched at the state level. Almost all major central banks in large countries develop their own digital currency (CBDC). China is already testing its digital yuan in real-world conditions. Russia plans to start testing the digital ruble at the end of 2021.

This trend is driving changes in related areas – trade financing, securities settlements, and inter-bank payments. Scope of application are all transactions of financial institutions. In the rapidly developing sector of decentralized finance, innovative models of exchange platforms, their own derivatives, insurance, lending, portfolio management, and investments have appeared.

How to become a part of the blockchain community

Modern society is gradually moving from paper money to digital coins. However, cryptocurrency also needs to be stored in special online, desktop, hardware or mobile wallets. The most convenient one is BitMarket Network Client. It combines multi-currency (the service supports Bitcoins, Litecoins, Ethereum and other coins) and cross-platform (it works on MAC OS X, Linux, Win; iOS and Android soon).

The reliability of this wallet is ensured with two-factor authentication (2FA). No one knowing users’ password can enter his storage without knowing his phone code. An open source allows developers to fix bugs and everyone can help in the system’s improvement. The limited access of the crypto wallet creators guarantee 100% safety of savings.

Using this service for buying and exchanging coins is also very simple and convenient. All available cryptocurrencies are displayed in the fiat according to the current rates. Transactions are carried out anonymously with the lowest fees in the shortest possible time.

Now there are many promising wallet projects on the cryptocurrency market, but the most reliable and convenient of them, due to their complexity, are still under development –  in their alpha version. Therefore, many IT-developers are now looking for professional specialists to help in the implementation of their idea.

Impact of the Pandemic

COVID-19 made business online and now people think about optimization of the working process and its costs. During the crisis in 2020, many companies were convinced that investing in emerging technologies is the key to maintaining a competitive position in the future market. In this regard, blockchain is similar to cloud technologies, Big data, Internet and artificial intelligence.

The governments of different countries are doing their best to support and stimulate the development of crypto-technologies, because the information of the blockchain is publicly available and protected from counterfeiting.

  • In Healthcare – Blockchain technology will be used to keep records of medicines, to compile patient cards.
  • In Property rights and real estate transactions – the technology allows excluding fake personal information and the human factor.
  • In Logistics and manufacturing – Blockchain is involved in the supply chain of goods and the production processes.
  • In Politics and digital identity – during elections this service can eliminate faking results and make the process more transparent. Blockchain will become a person’s digital passport very soon.

Digitalization is changing the World and the financial sector. People use paper money less every year. Soon cryptocurrency will replace plastic cards and it will be possible to pay for goods and services only using a blockchain wallet.

Getting A Card With Bad Credit

Having a good credit score is important to anyone who is looking to purchase a home, car or anything else requiring your credit to be pulled. For many Americans, improving their score is an everyday uphill battle. During the pandemic, many people defaulted on loans and credit cards due to loss of income. Despite their hardships, there are many programs out there to help them rebuild. Those who have low scores can utilize second chance credit programs available online to improve their score from repos or charge offs.

Rebuilding Your Score

One of the best ways to rebuild your score is by applying for a credit card or using credit boosters. Boosters allow you to report your utility bills or rent to your credit history. You get rewarded for paying your bills on time. When applying for a card, you want to use a secured or unsecured credit card. Secured requires you to deposit your own money to build credit. Most companies required a $200 minimum deposit to begin. This option is only for those who can get approved for an unsecured card. Unsecured cards are the best option as it allows you to use the credit card companies’ money to build your score. The best way to find these cards is to look up, second chance credit card with no security deposit. You either use Google or Bing to find these results.

Improving your score

You do not have to have a score to apply for a credit card. Many credit cards approved people with no, limited or bad credit. When filling out your application, make sure you input your information accurately. Doing so will help verify your information quicker and easier. The majority of companies require you to be employed. After filling out your app for instant approval credit cards for bad credit no deposit, you will be taken to a page with your approval amount. Utilize no more than 30% of your credit limit and make your payments on time. By doing so, your limit will increase usually within the first 6 months.

In Conclusion

There are many options to rebuild your score. From credit boosters to cards it will depend on you. Be consistent in making your payments on time and it will make purchasing things easier. Having good credit will save you money by allowing you to have lower interest rates on anything requiring finance. Credit helps you save and grow your money over time.