With KaratGold Coin (KBC) Gold Enters the Age of Cryptocurrency

Gold is a symbol of antiquity. It has been hoarded by kings since time immemorial, and has been found in ancient archeological digs from forgotten societies and treasures. Today, people invest in gold for much the same reason people did in previous eras: it’s useful, it’s valuable, and this is never going to change.

But gold isn’t very easy to use online. Sure, you can buy gold and sell gold on the internet, but you can’t use gold to pay for an Amazon purchase. This gulf between gold, the ancient asset, and the marketplace of today, the internet, seemed to be impossible to bridge. However, blockchain and cryptocurrency have changed this forever.

With blockchain, physical assets can be represented by tokens. While that might not seem like much, blockchain also makes it impossible to forge or replicate any one of these tokens. When a blockchain token is used to represent ownership of a physical good, he who owns the token owns the underlying asset. This system has been used by a company called Karatbars International to create digital gold on the blockchain, linked to  real gold held in its reserves. Let’s dig a little deeper to understand how they pulled this off.

The digital asset in question is called KaratGold Coin (KBC). This cryptocurrency was brought to market through an ICO (Initial Coin Offering) in February of 2018. Karatbars International raised $100 million through its ICO. They were able to convince so many investors to take part in the ICO by linking the value of KBC to real gold reserves owned by the company. Karatbars International has numerous gold products it has been selling since 2011. The KaratGold Coin is an Ethereum-based asset exchangeable for real gold. In essence, it is tokenized gold. The visionary behind the idea is Dr. Harald Seiz, a German entrepreneur, founder and owner of several companies, author of books and founder of Karatbars International, based in Stuttgart, Germany.

Starting on July 4, 2019 (Gold Independence Day), KBC holders will be able to swap their digital tokens for the gold that is linked to them. The gold will be passed on in the form of CashGold, physical banknotes issued by Karatbars International, each with a small bar of gold built right into the physical bill.

“With thethe Gold Independence Dasy, a full-featured gold circulation is put in place worldwide and the phrase “I will pay in KBC” means “I will pay with gold”,” Dr. Seiz announced. KBC holders can also keep their digital cryptocurrencies. Holding KBC has many benefits. For one, users can spend their KBC within the IMpulse K1 Phone , the first blockchain powered smartphone in this industry. KBC users can also spend their coins through the K-Merchant app, an e-commerce software solution that connects KBC holders with thousands of online retailers around the world.

Through the complex interplay of these diverse Karatbars digital ecosystem components, gold has been successfully ferried into the digital age. No longer is gold simply a valuable paperweight to put on a shelf of lock in a safe. Today, it’s an agile product tied to a digital asset that can be spent any way Dollars or Euros can. It’s a true innovation that modernizes the gold investment market, and creates (by extension) many new use cases for gold. If you’ve been interested in gold before, consider it again through this new vantage point.

FacebooktwitterrssinstagramFacebooktwitterrssinstagram

How Bad Credit Personal Loans Work

Bad Credit Personal Loans Explained

Bad credit personal loans are lending arrangements designed for people who have experienced some type of financial issues in the past. The loans are usually structured to allow debtors to receiving the funding they request and remit installment payments for a specified period of time. While the bad credit personal loan functions a lot like the personal loans you can get from the bank, there are a few things you should know in advance. Here are five essentials to consider before you submit an application.

Most Lenders Require a Minimum Credit Score

While lenders of bad credit loans typically have less stringent requirements, there are still conditions that applicants must meet. For example, the lender is likely to require a credit score that at least meets the minimum standards set. For example, the lender may make it clear that all successful applicants will have a score of at least 550. Check on this qualification before you submit any applications for bad credit personal loans and you’ll save yourself a lot of time and trouble.

Expect a Greater Than Average Interest Rate

By choosing to do business with you, the lender offering that personal loan with bad credit is assuming a greater level of risk. One of the ways that the risk is offset is by charging an interest rate that’s higher than the current average. While it’s helpful to know what the current prime rate happens to be, your chances of being offered that rate are somewhere between slim and none. At best, use it as a means of seeing how close different lenders come to that rate. Remember that there is competition between lenders who offer higher-risk loans. If you are unsure about the rate provided in a loan offer, feel free to see what type of rate you can get with a personal loan for bad credit from a different lender. Even a minor difference could save a reasonable amount of money over the life of the loan.

There May or May Not Be Recurring Charges

The higher interest rate is not the only way that the lender minimizes the risk of offering personal loans with bad credit. There may be fees and charges that are not found with a typical bank loan. For example, you may or may not have fees relate to payment processing or account handling that are assessed on a recurring basis. The only way to determine if any additional charges apply is to ask for a schedule of fees and charges. If you’re not sure what a certain fee relates to, ask for an example. That will give you a better idea about what it will be like to work with that lender.

Not All Lenders Report Your Payment Activity

One of the reasons you are seeking a bad credit loan is because your credit score is low. Hopefully, managing this loan responsibly will result in improving your score by several points. This will only happen if the lender reports to at least one of the three major credit bureaus. What you may not know is that some lenders of personal loans for people with less than perfect credit do not report to any of those bureaus. That’s not a lender you want to do business with, especially if one of your goals is to improve your score. Never assume anything; ask the lender which bureaus are reported to and how frequently.

You Can Often Apply Online or in Person and Have a Response the Same Day

Did you know that it’s possible to receive a response to your application on the same day that you remit it? In both an online environment as well as applying in person, many lenders who offer loans for poor credit will provide an answer in a matter of hours. The funds may be in your bank account as soon as the following business day. That comes in handy if you need the money from a personal loan to take care of something sooner rather than later. Remember that personal loans for less than perfect credit serve a useful purpose. They may be the right solution for you. Do your research, know how to compare offers, and make sure you lock in the best possible terms and conditions. With proper management on your part, you may be able to get better terms the next time.

FacebooktwitterrssinstagramFacebooktwitterrssinstagram

How to Save Money in the Office

You already know that financial planning can help you save money. Anaheim, CA, financial advisors Griffin Financial notes that “reaching your long-term financial objectives hinges on having the right plan – one that fits your unique circumstances and grows with you.”

But what about saving money at the office? Money problems have tanked countless businesses. You need to be smart with your finances if you want to thrive in business. It doesn’t matter how great your product your product is if you’re spending more than you’re earning.

The following tips can make a huge difference.

Rely on Technology

The people who worry about automatization in the office are right. Computers are taking jobs. What does this mean for you? You should take a close look at your staff and see if there are any positions you can eliminate.

Staffing costs will always be among your heaviest expenses. Employees are costly. Trimming their number will instantly save you money. Many business owners have found that it’s worthwhile to pay a heavy upfront cost for software that can do tasks formerly performed by humans. They know that they’ll quickly get their investment back.

Staffing isn’t the only area where technology can affect your bottom line. Depending on your industry, you might be able to find software that helps your employees do their work. For example, you can use inventory software to track your sales and your inventory.

Negotiate

There’s no reason to settle for the initial price. Sometimes, when business owners are arranging for services like office space, they forget to negotiate and end up accepting whatever price is thrown at them.

However, you’re not going to get the best deals if you’re not willing to work for them. Use the same attitude with your suppliers. Seek discounts.

Go Remote

Do you even need office space? The traditional office is changing. More and more people are working from remote locations. Employees love it because of its convenience. They get to work from the comfort of their living room and don’t have to deal with rush hour traffic. Employers love remote teams because it widens their applicant pool and saves money.

Going remote is pretty simple. There are multiple software options that allow you to communicate with your team. You can play around with different programs like Slack and Basecamp until you find one that works for you.

If you still want to foster team spirit, you can schedule a once or twice a year employee meetup.

Cut Supplies

The stereotypical office is filled with stereotypical supplies. It’s easy to fall into the trap of buying a lot of things that you don’t need. A lot of your correspondence is now digital. Your office doesn’t need to be equipped the same way that your parents’ did.

To save money,  you should only buy office products that you’re actually going to use. Look around the office and see what people are doing. This will help you figure out what’s necessary.

Get Security

Install video cameras, hire a security guard, whatever makes sense for your business. You need to protect it from people who would harm it. It’s a good idea to get insurance as well. Otherwise, you could be destroyed by a single robbery.

Most business robberies are committed by employees. These costs add up over time. Installing cameras can break this trend. If you tell employees that the camera is there, they’ll behave because they know they’re being watched. If you don’t tell them what’s going on, you can catch the dishonest people.

Advertise Online

Traditional TV and print advertising are very expensive. This might be okay if you’re a Fortune 500 company. If you have a small business, it makes more sense to focus on online advertising. You get more value for your money.

An online advertising campaign can be created to suit any budget. Even influencer marketing can be inexpensive if you do it correctly.

You should think about pouring all of your advertising budget into your online projects. You can get customer feedback almost immediately. You’ll quickly learn if your strategy is working.

Saving money at your office require creativity and constant work. You can’t do it if you’re not an expert in your industry. When new labor-saving technology is introduced, you should know all about it.

If your business already has an accountant, talk to them about further ways to save money. It can be hard to know what to do when you’re in the thick of things.

Related Posts Plugin for WordPress, Blogger...FacebooktwitterrssinstagramFacebooktwitterrssinstagram