Business

As a new business owner, you have determined that there is a need in your industry that you can meet and a product or service that you can provide better than your competitors. You know your industry and what your clients want or need and you are determined to meet their needs and build a successful business doing so. You are an industry expert and that is why your clients trust you and come to you. So it only makes sense that you follow that same wise philosophy when you think about your social media needs. Click for more information about hiring a professional to handle your social media accounts while you focus on growing your business.

The last thing that you have time for is learning the ins and outs of a successful social media campaign or even learning how to get the most benefit out of your posts, blogs and likes. But for a relatively small cost, you can hire a freelance social media manager who is trained in all aspects of social media marketing and content. This person can focus on your target demographic throughout the different social media platforms to create a consistent voice for your business.

As a new business, it is unlikely that you will need a full time employee to handle your social media but a freelance media manger will work on several other accounts so you will only be billed for the time they actually spend working on your material. This will reduce your cost but allow you to get the professional service of a highly skilled professional social media manager. It will also allow you to remain focused on growing your business, creating long term relationships with your customers and bringing the vision that you have for your business to reality.

Every day, not hundreds, not thousands, not millions but billions of money is transferred online. This is done through the most popular corridors for money transfer in the whole wide world. A large portion of these funds transfers happens in Asia, America, and Africa.

The following article is based on those most popular corridors of money transfer that are helping many families and organizations to be more productive while cutting unnecessary costs and an easy way to earn for many freelancers as well. For a long time, people who were working abroad needed to send cash back to their families had only a few options to choose from. They had to resort to falling back on going to banks, post workplaces, or on a few number of remittance provider that are situated in physical office structures. Today, there are various choices accessible to any individual who needs to send money to anywhere on the planet at any given time.

To send money online, one must find a reliable and secure service provider. You must consult a service provider only after doing some research on them. Some of the most top ways of international funds transfer are:

InstaReM:

InstaReM is a startup which inexpensively carries out cross border money transaction. Irrespective of the transaction amount, it offers inter-bank rates on all transaction. They charge their customers 1% or less transaction fees. It is the coolest way to transfer money to Asian countries, and they ensure that the customer saves money while using their services.

Western Union

What initially started in 1851 as an initiative for sending telegraphs, has now turned out to be one of the best-known landmark names for money transfer. Not with standing offering administrations over customary administration counters, Western Union likewise gives customer support by phone, smart phone, online managing account, or through their website. The Western Union has branches all over the world; all made possible because of the top-notch and reliable money remittance corridor that they provide. Their smartphone choice enables transfers to versatile wallets to developing markets, including Kenya’s M-Pesa.

Google Wallet

Google’s mobile payment solution, Google Wallet, enables clients to send or ask for money using Google mail. Any money transferred in and put away in the Google Wallet can be spent instantly or pulled back from an ATM utilizing the Google Wallet card. The assets can likewise be spent by using an Android smartphone to tap and pay at any store or online channels that support Google Wallet option. The money can also be transferred to the proprietor’s financial balance or another person.

Xoom

Established in 2001, is an online worldwide money transfer corridor situated in San Francisco that enables clients to send money to loved ones in 30 different nations from the US utilizing their PC, tablet, or cell phone. Beneficiaries can get by conventional bank transfer, electronically, or through select money transfer accomplices. The organization started being a corridor for money transfer in mid-2013.

Amazon Payments

Amazon, a notable web-based business organization that began as an online bookshop, offers Amazon Payments to use its officially huge client base and offer online and portable installment administrations for online retailers. Its answer looks somewhat like PayPal, as Amazon Payments additionally enables clients to pay without having to re-enter installment and transportation data as of now put away by Amazon. Right now, Amazon Payments is just accessible in the US, the UK, India, and Germany. Amazon has not only made its presence known in the e-commerce field but has also started to make a name through their innovative technologies like Amazon GO and Amazon payments.

The Bottom Line

World Bank Economist published an article stating that outside the country, workers transferred more than $410 billion in 2013 to their nations of origin, more than three times than that of the authority responsible for sending to those countries. Suffice it to state; online payments business assumes a crucial part in the worldwide economy as the assets sent to families in developing markets is then spent in those nearby economies, supporting the neighborhood merchants and organizations.

According to The New York Times, the price of Bitcoin has hit record highs in recent months, more than doubling in price since the start of the year. In fact, the cost-estimating website places the current value of all the Bitcoin in the world at $41 billion. Even though this is more money than most Americans will ever see in their lifetime, experts say Bitcoin still has a long way to go before it becomes remotely relevant.

The Need for Regulation

As Bitcoin continues to increase in popularity, the need for regulations has also grown. More attention has been drawn to this fact as some of the world’s largest wealth managers have begun to give consumers the opportunity to invest in Bitcoin. Boston-based Fidelity and UK-based Hargreaves Lansdown just recently facilitated investor access to this digital asset.

According to The Business Insider, “Hargreaves Lansdown now gives clients the option to invest in an exchange traded note (ETN) that tracks the price of bitcoin…as more well-known wealth firms give their clients access to bitcoin investment, interest in the asset by mainstream investors will undoubtedly rise.”

The problem is that, as these firms increase access, the firms are also increasing the level of risk consumers are exposed to. As far as regulation, Bitcoin is still floating in a gray zone. In the majority of jurisdictions, Bitcoin is not legally recognized as a security or a tangible asset; thus, it does not fall under any regulator’s mandate.

In the words of The Business Insider, “This ambiguity, compounded by bitcoin’s relative novelty, arguably means that bitcoin investments are a special case and should be treated as such by existing financial regulators.”

BI Intelligence Report

Blockchain technology facilitates secure online transactions. The blockchain is a decentralized and distributed digital lender that records transactions across computers. Essentially, this technology ensures records cannot be altered. Nearly every global bank is currently experimenting with blockchain technology as a solution to regulation issues. This technology promises to deliver cost savings and operational efficiencies.

Sarah Kocianski, senior research analyst for BI Intelligence, Business Insider’s premium research service, recently compiled a detailed report on blockchain in banking. This report outlines the details of why banks are considering blockchain technology. The following list are some of the key points from this report:

• In addition to streamlining processes and cutting costs, banks are also hoping to leverage additional advantages, including: increased competitiveness with fintech’s and the ability to use the technology to create new business models.
• Regulators and banks are working together to develop regulatory frameworks.
• Blockchain-based solutions are expected to continue to emerge in different areas of financial services.

In the meantime, what does this mean for the business accepting Bitcoin as a method of payment? After all, Bitcoin is currently considered “high-risk” due to lack of regulation. There’s an estimated 80,000 businesses in the U.S. that accept Bitcoin – and that number continues to grow. These businesses have turned to high risk providers like eMerchantBroker, which offers a Bitcoin Merchant Account to address this industries’ specific needs. While Bitcoin has a long way to go, that doesn’t have to stop businesses from successfully adding it to their methods of payment.