Currently Browsing: Banking 
Bitcoin has created a lot of buzz since it was introduced as a form of digital currency 2009. It’s even been heralded as the future of banking. So what is bitcoin? Invented by Satoshi Nakamoto, bitcoin is a type of online payment process that does not involve a third party, outside of the two parties involved in the transaction. Transactions are checked by network nodes. Once verified, they are recorded in a public ledger. Bitcoins are created when...
Online shopping is here to stay. Just ask Amazon, the largest Internet-based retailer in the United States, which celebrated its twentieth anniversary in 2014. These days, online shopping may even be close to replacing shopping in stores. Mobile devices such as phones and tablets have revolutionized this industry, making purchasing any item online as simple as the click of a button. Read on to find out how the online marketplace is changing the future of...
As members of the Millennial generation start to outnumber Baby Boomers, the needs of investors are changing. The investment industry is forced to adapt in order to remain relevant to the younger generation. Young workers today are the first cohort to grow up using smart phones and the Internet. They use social media and do-it-yourself technology to invest in ideas as opposed to assets. As the financial industry tries to adapt, major changes are coming....
The idea of having accounts with multiple banks is a recent one that appears to be gaining popularity. Only a few decades ago, most customers were loyal to one bank as opposed to spreading their wealth among several banks. However, with the Great Recession, loyalty to one bank seems like a thing of the past. Today, customers decide to open a checking or savings account with more than one financial institution for a variety of reasons. Read on to find out...
The stock market comprises of publicly-owned companies that are bought, sold, and traded in shares. It may also be referred to as the equity market or the stock exchange. In the United States, the stock market is one of the most essential parts of the economy. It gives publicly-held companies the opportunity to access funds that will allow them to grow their business, while those who invest become owners of the company. They may choose to cash in their...
Bitcoin
Bitcoin has created a lot of buzz since it was introduced as a form of digital currency 2009. It’s even been heralded as the future of banking. So what is bitcoin? Invented by Satoshi Nakamoto, bitcoin is a type of online payment process that does not involve a third party, outside of the two parties involved in the transaction. Transactions are checked by network nodes. Once verified, they are recorded in a public ledger. Bitcoins are created when...Online Banking
Online shopping is here to stay. Just ask Amazon, the largest Internet-based retailer in the United States, which celebrated its twentieth anniversary in 2014. These days, online shopping may even be close to replacing shopping in stores. Mobile devices such as phones and tablets have revolutionized this industry, making purchasing any item online as simple as the click of a button. Read on to find out how the online marketplace is changing the future of...Investments
As members of the Millennial generation start to outnumber Baby Boomers, the needs of investors are changing. The investment industry is forced to adapt in order to remain relevant to the younger generation. Young workers today are the first cohort to grow up using smart phones and the Internet. They use social media and do-it-yourself technology to invest in ideas as opposed to assets. As the financial industry tries to adapt, major changes are coming....Multiple Banks
The idea of having accounts with multiple banks is a recent one that appears to be gaining popularity. Only a few decades ago, most customers were loyal to one bank as opposed to spreading their wealth among several banks. However, with the Great Recession, loyalty to one bank seems like a thing of the past. Today, customers decide to open a checking or savings account with more than one financial institution for a variety of reasons. Read on to find out...Stocks
The stock market comprises of publicly-owned companies that are bought, sold, and traded in shares. It may also be referred to as the equity market or the stock exchange. In the United States, the stock market is one of the most essential parts of the economy. It gives publicly-held companies the opportunity to access funds that will allow them to grow their business, while those who invest become owners of the company. They may choose to cash in their...The Future of Banking
Banking has changed a lot since the days of walking into your local branch to pay your monthly bills and withdraw money. These days, the majority of people in every demographic group in the United States – from the Millennials to the Baby Boomers – do their banking online. The younger generation is more likely to spread their wealth between several different banks and invest in causes as opposed to assets. Moreover, cryptocurrencies such as bitcoins are changing the way that people actually think about money and transactions.