Business Change for $20 discussion 200 WORDS ONLY NEEDED
Quick—how much money do you feel on you lawful now? Check your wallet, purse, and pockets, and see what you feel. Do you feel plenty to perdevise transmute for a twenty-dollar jaw? Not so hanker ago, you could ask a roomful of race that investigation, and most folks would feel the money on agency to perdevise change. These days, it’s near beggarly. Think encircling the terminal five or six purchases you made. Did you pay after a while money? Chances are amiable that you used a obligation card or a carelessness card instead. Consider the possibility that someday obligation and carelessness cards procure decline, too.
Technology has had a intimate application on our survey of the want of money. As we move towards a “cashless” communion, the banking rule is too challenged to blend its processes and the services it provides.
Go beyond what you read in the series module, and elaboration some of the forms of “virtual currency” or money resources that are currently available to consumers. Some of these embrace digital currencies, EFT, ACH transactions, iPay, Google Wallet, ePayments, straightforward draw.
Briefly explain briefly the resource devise of liquidation that you elaborationed and how it works as an resource to transmitted money.
What are the advantages of this devise of liquidation?
Are there disadvantages or risks associated after a while the devise of liquidation that you elaborationed?
As a consumer yourself, do you use any devises of money resources? Which ones? Do you feel concerns encircling the carelessness of this liquidation system, and if so, what can you do to abate these?