Stellar and Ripple Both Avoid Two Problems with Bitcoin

Cryptocurrency has become nearly mainstream, and there are some specific reasons for that. A new generation of digital currencies like Stellar and Ripple is making it even easier to use this especially modern form of payment.

As a result, more people are starting to see cryptographic currencies as suitable for everyday use. That will undoubtedly help build on the momentum established by Bitcoin even more into the future.

New Currencies are Easier to Use and More Practical

There is much to be admired about Bitcoin’s design and the imagination it took to conceive of it in the first place. Even so, Bitcoin has become something of an outlier in many respects, at least compared to a number of younger, fresher alternatives.

Newer cryptographic currencies like Stellar and Ripple do away with problems that have started to plague many Bitcoin users. In particular, opting for one of these digital forms of money can enable improvements with regard to important issues like:

  • Transaction speed. When Bitcoin was young, the distributed network that keeps track of its usage would typically respond in seconds. That was enough to make Bitcoin a practical form of currency where merchants would need to know quickly whether they were actually being paid. Nowadays, it can take an hour or even longer for a routine Bitcoin transaction to be confirmed. That has made the currency steadily less useful for the kinds of everyday spending for which many would like to employ it. Newer currencies like Stellar and Ripple incorporate a number of measures designed to rule such problems out.
  • Costs. In the very beginning, Bitcoin users could count on only needing to pay tiny fees to have their transactions confirmed. In many cases, the costs associated with a Bitcoin transaction were only a fraction of those typical of credit
Read More.. Read More »

Stellar and Ripple Both Avoid Two Problems with Bitcoin

Cryptocurrency has become nearly mainstream, and there are some specific reasons for that. A new generation of digital currencies like Stellar and Ripple is making it even easier to use this especially modern form of payment.

As a result, more people are starting to see cryptographic currencies as suitable for everyday use. That will undoubtedly help build on the momentum established by Bitcoin even more into the future.

New Currencies are Easier to Use and More Practical

There is much to be admired about Bitcoin’s design and the imagination it took to conceive of it in the first place. Even so, Bitcoin has become something of an outlier in many respects, at least compared to a number of younger, fresher alternatives.

Newer cryptographic currencies like Stellar and Ripple do away with problems that have started to plague many Bitcoin users. In particular, opting for one of these digital forms of money can enable improvements with regard to important issues like:

  • Transaction speed. When Bitcoin was young, the distributed network that keeps track of its usage would typically respond in seconds. That was enough to make Bitcoin a practical form of currency where merchants would need to know quickly whether they were actually being paid. Nowadays, it can take an hour or even longer for a routine Bitcoin transaction to be confirmed. That has made the currency steadily less useful for the kinds of everyday spending for which many would like to employ it. Newer currencies like Stellar and Ripple incorporate a number of measures designed to rule such problems out.
  • Costs. In the very beginning, Bitcoin users could count on only needing to pay tiny fees to have their transactions confirmed. In many cases, the costs associated with a Bitcoin transaction were only a fraction of those typical of credit
Read More.. Read More »

Stellar and Ripple Both Avoid Two Problems with Bitcoin

Cryptocurrency has become nearly mainstream, and there are some specific reasons for that. A new generation of digital currencies like Stellar and Ripple is making it even easier to use this especially modern form of payment.

As a result, more people are starting to see cryptographic currencies as suitable for everyday use. That will undoubtedly help build on the momentum established by Bitcoin even more into the future.

New Currencies are Easier to Use and More Practical

There is much to be admired about Bitcoin’s design and the imagination it took to conceive of it in the first place. Even so, Bitcoin has become something of an outlier in many respects, at least compared to a number of younger, fresher alternatives.

Newer cryptographic currencies like Stellar and Ripple do away with problems that have started to plague many Bitcoin users. In particular, opting for one of these digital forms of money can enable improvements with regard to important issues like:

  • Transaction speed. When Bitcoin was young, the distributed network that keeps track of its usage would typically respond in seconds. That was enough to make Bitcoin a practical form of currency where merchants would need to know quickly whether they were actually being paid. Nowadays, it can take an hour or even longer for a routine Bitcoin transaction to be confirmed. That has made the currency steadily less useful for the kinds of everyday spending for which many would like to employ it. Newer currencies like Stellar and Ripple incorporate a number of measures designed to rule such problems out.
  • Costs. In the very beginning, Bitcoin users could count on only needing to pay tiny fees to have their transactions confirmed. In many cases, the costs associated with a Bitcoin transaction were only a fraction of those typical of credit
Read More.. Read More »

Stellar and Ripple Both Avoid Two Problems with Bitcoin

Cryptocurrency has become nearly mainstream, and there are some specific reasons for that. A new generation of digital currencies like Stellar and Ripple is making it even easier to use this especially modern form of payment.

As a result, more people are starting to see cryptographic currencies as suitable for everyday use. That will undoubtedly help build on the momentum established by Bitcoin even more into the future.

New Currencies are Easier to Use and More Practical

There is much to be admired about Bitcoin’s design and the imagination it took to conceive of it in the first place. Even so, Bitcoin has become something of an outlier in many respects, at least compared to a number of younger, fresher alternatives.

Newer cryptographic currencies like Stellar and Ripple do away with problems that have started to plague many Bitcoin users. In particular, opting for one of these digital forms of money can enable improvements with regard to important issues like:

  • Transaction speed. When Bitcoin was young, the distributed network that keeps track of its usage would typically respond in seconds. That was enough to make Bitcoin a practical form of currency where merchants would need to know quickly whether they were actually being paid. Nowadays, it can take an hour or even longer for a routine Bitcoin transaction to be confirmed. That has made the currency steadily less useful for the kinds of everyday spending for which many would like to employ it. Newer currencies like Stellar and Ripple incorporate a number of measures designed to rule such problems out.
  • Costs. In the very beginning, Bitcoin users could count on only needing to pay tiny fees to have their transactions confirmed. In many cases, the costs associated with a Bitcoin transaction were only a fraction of those typical of credit
Read More.. Read More »

Elements Of Multi-Vendor Or Marketplace Payment Solutions And Designs

Marketplace payment solutions are ideal for multi-vendor platforms. The design enables one owner to extend the payment solution to multiple sellers and collect fees for using the system. The payment solution provides the owner with residual income and offers a more secure payment choice for vendors. A local supplier provides advanced marketplace payment designs for businesses.

Authenticated and Secured User Accounts

The marketplace design provides all vendors with authenticated and secured user accounts. The accounts come with credentials that enable the vendors to access their own virtual office design. The system provides reporting options and records of all transactions. The secured system lowers the risk of identity theft and adheres to all IT standards.

Data Encryption for Customer and Sales Data

All data entered into the marketplace payment solution is encrypted to prevent outside access. Each transaction is encrypted and erased after the payment is sent to the vendor. Files are generated for the transaction and stored in the marketplace database using the vendor’s account. However, payment information is never saved unless the customer provides explicit permission.

Fast Payment Processing and Distribution to Vendors

The online payment options provide fast payment processing and distribution to the vendors. The marketplace owner acquires fees from vendors who use their system. The fees are deducted from the payments immediately. Once the fees are collected, the remaining balance is transferred to the vendor’s bank account as listed on their user account. The routing and account numbers are entered when the vendor creates their account with the marketplace.

Detailed Product Listings With Accurate Currency Calculations

The marketplace provides detailed product listing for all items for sale. The added benefit of the marketplace design is that it displays the price of the item in the consumer’s currency. The feature makes it easier for consumers to make … Read More..

Read More »

Elements Of Multi-Vendor Or Marketplace Payment Solutions And Designs

Marketplace payment solutions are ideal for multi-vendor platforms. The design enables one owner to extend the payment solution to multiple sellers and collect fees for using the system. The payment solution provides the owner with residual income and offers a more secure payment choice for vendors. A local supplier provides advanced marketplace payment designs for businesses.

Authenticated and Secured User Accounts

The marketplace design provides all vendors with authenticated and secured user accounts. The accounts come with credentials that enable the vendors to access their own virtual office design. The system provides reporting options and records of all transactions. The secured system lowers the risk of identity theft and adheres to all IT standards.

Data Encryption for Customer and Sales Data

All data entered into the marketplace payment solution is encrypted to prevent outside access. Each transaction is encrypted and erased after the payment is sent to the vendor. Files are generated for the transaction and stored in the marketplace database using the vendor’s account. However, payment information is never saved unless the customer provides explicit permission.

Fast Payment Processing and Distribution to Vendors

The online payment options provide fast payment processing and distribution to the vendors. The marketplace owner acquires fees from vendors who use their system. The fees are deducted from the payments immediately. Once the fees are collected, the remaining balance is transferred to the vendor’s bank account as listed on their user account. The routing and account numbers are entered when the vendor creates their account with the marketplace.

Detailed Product Listings With Accurate Currency Calculations

The marketplace provides detailed product listing for all items for sale. The added benefit of the marketplace design is that it displays the price of the item in the consumer’s currency. The feature makes it easier for consumers to make … Read More..

Read More »

Elements Of Multi-Vendor Or Marketplace Payment Solutions And Designs

Marketplace payment solutions are ideal for multi-vendor platforms. The design enables one owner to extend the payment solution to multiple sellers and collect fees for using the system. The payment solution provides the owner with residual income and offers a more secure payment choice for vendors. A local supplier provides advanced marketplace payment designs for businesses.

Authenticated and Secured User Accounts

The marketplace design provides all vendors with authenticated and secured user accounts. The accounts come with credentials that enable the vendors to access their own virtual office design. The system provides reporting options and records of all transactions. The secured system lowers the risk of identity theft and adheres to all IT standards.

Data Encryption for Customer and Sales Data

All data entered into the marketplace payment solution is encrypted to prevent outside access. Each transaction is encrypted and erased after the payment is sent to the vendor. Files are generated for the transaction and stored in the marketplace database using the vendor’s account. However, payment information is never saved unless the customer provides explicit permission.

Fast Payment Processing and Distribution to Vendors

The online payment options provide fast payment processing and distribution to the vendors. The marketplace owner acquires fees from vendors who use their system. The fees are deducted from the payments immediately. Once the fees are collected, the remaining balance is transferred to the vendor’s bank account as listed on their user account. The routing and account numbers are entered when the vendor creates their account with the marketplace.

Detailed Product Listings With Accurate Currency Calculations

The marketplace provides detailed product listing for all items for sale. The added benefit of the marketplace design is that it displays the price of the item in the consumer’s currency. The feature makes it easier for consumers to make … Read More..

Read More »

Elements Of Multi-Vendor Or Marketplace Payment Solutions And Designs

Marketplace payment solutions are ideal for multi-vendor platforms. The design enables one owner to extend the payment solution to multiple sellers and collect fees for using the system. The payment solution provides the owner with residual income and offers a more secure payment choice for vendors. A local supplier provides advanced marketplace payment designs for businesses.

Authenticated and Secured User Accounts

The marketplace design provides all vendors with authenticated and secured user accounts. The accounts come with credentials that enable the vendors to access their own virtual office design. The system provides reporting options and records of all transactions. The secured system lowers the risk of identity theft and adheres to all IT standards.

Data Encryption for Customer and Sales Data

All data entered into the marketplace payment solution is encrypted to prevent outside access. Each transaction is encrypted and erased after the payment is sent to the vendor. Files are generated for the transaction and stored in the marketplace database using the vendor’s account. However, payment information is never saved unless the customer provides explicit permission.

Fast Payment Processing and Distribution to Vendors

The online payment options provide fast payment processing and distribution to the vendors. The marketplace owner acquires fees from vendors who use their system. The fees are deducted from the payments immediately. Once the fees are collected, the remaining balance is transferred to the vendor’s bank account as listed on their user account. The routing and account numbers are entered when the vendor creates their account with the marketplace.

Detailed Product Listings With Accurate Currency Calculations

The marketplace provides detailed product listing for all items for sale. The added benefit of the marketplace design is that it displays the price of the item in the consumer’s currency. The feature makes it easier for consumers to make … Read More..

Read More »

Kirk Chewning Understands the Importance of Regulatory Compliance

Many individuals fail to fully recognize regulatory compliance differences among different industries. These standards must meet certain requirements and a failure to miss even one can have serious consequences. However, the individual assumes he or she is fulfilling the standards and it isn’t until a problem arises that the individual learns this is not the case. Furthermore, when it comes to IT, not only must industry standards be met but internal ones must also be. As a result, the individual needs to be certain he or she knows what can and cannot be done.

How to Ensure Compliance

First and foremost, a company must be carrying out regular assessments and evaluations to determine any weaknesses in their IT systems. A company may believe they know the areas of concern. However, don’t overlook this critical step. Doing so could end up costing more in the long run. The problem is that there are numerous policies and regulations that may already be in place and ensuring none overlap and interfere with each other is critical.

How to Ensure Compliance

Thankfully, once any weaknesses have been identified, tools can be of great assistance in ensuring compliance without complicating the process. Automation tools may be employed to monitor IT processes, for example. Reports are provided also to help determine where modifications need to be made. Employee turnover must also be addressed, as IT staff members may come and go. It is imperative that everyone working in the IT department is aware of storage and retrieval methods and where items are located. In the event a question about compliance does arise, they know exactly where to go to obtain the needed information.

Don’t let the cost of regulatory compliance hold the company back. A failure to remain in compliance is much more costly. Fortunately, companies … Read More..

Read More »

Kirk Chewning Understands the Importance of Regulatory Compliance

Many individuals fail to fully recognize regulatory compliance differences among different industries. These standards must meet certain requirements and a failure to miss even one can have serious consequences. However, the individual assumes he or she is fulfilling the standards and it isn’t until a problem arises that the individual learns this is not the case. Furthermore, when it comes to IT, not only must industry standards be met but internal ones must also be. As a result, the individual needs to be certain he or she knows what can and cannot be done.

How to Ensure Compliance

First and foremost, a company must be carrying out regular assessments and evaluations to determine any weaknesses in their IT systems. A company may believe they know the areas of concern. However, don’t overlook this critical step. Doing so could end up costing more in the long run. The problem is that there are numerous policies and regulations that may already be in place and ensuring none overlap and interfere with each other is critical.

How to Ensure Compliance

Thankfully, once any weaknesses have been identified, tools can be of great assistance in ensuring compliance without complicating the process. Automation tools may be employed to monitor IT processes, for example. Reports are provided also to help determine where modifications need to be made. Employee turnover must also be addressed, as IT staff members may come and go. It is imperative that everyone working in the IT department is aware of storage and retrieval methods and where items are located. In the event a question about compliance does arise, they know exactly where to go to obtain the needed information.

Don’t let the cost of regulatory compliance hold the company back. A failure to remain in compliance is much more costly. Fortunately, companies … Read More..

Read More »