Category: Banking

16
Jul

Main relevant issues related to the Bitcoin cryptocurrency.

Bitcoin is a form of digital currency, created and stored electronically. Established in 2009, by its creator Mr. Satoshi Nakamoto. It was the first virtual payment method of this type in the world. Thanks to several important features, it is one of the largest financial innovations of recent years.

At the moment, due to the lack of bank intermediation in funds transfer, bitcoin is considered by many investors as a cheaper alternative, especially for larger amounts.

Two other important features of cryptocurrencies payment system are definetely security and anonymity. Information on transactions carried out using bitcoin is encrypted using a technology called “blockchain”. At the moment, its mode of operation and continuous verification seems to be virtually unbreakable. Creating an account in this cryptocurrency has no formal conditions and the accounts are anonymous. The only thing the user receives to the invoice is a 54-character login and password.

A huge advantages of this payment method are also the speed and ease in making the transfers online. In the process of transferring funds, the distance to the place where we send the money does not matter and the transaction is carried out without intermediaries. Bitcoin transfers have no restrictions in the form of weekdays or holidays, we can send funds 24 hours a day, 7 days a week. Transactions are approved almost every 10 minutes.

In comparison to traditional banks that have a centralized database system, information about the status of bitcoin accounts is simultaneously found in many places on earth in the same form. That makes it definetely more secure.

These factors as much as the fact that according to the assumptions, a limited amount of 21,000,000 bitcoins will be created by 2140 have largely influenced the popularity of bitcoin, which is reflected in its market value. At present, approximately 16,500,000 bitcoins have already been circulated, and the pace at which others will hit the market will slow down.

06
Apr

Polish Bank Pekao intends to release up employees.

The management of Pekao has adopted a resolution on the intention of group layoffs and consultation on this matter. It is about releasing a maximum of 950 people.Continue Reading..

22
Mar

Bank products in Poland. PeoPay and BLIK app. You pay and withdraw money for free.

Cash is no longer an obligatory wallet equipment. The same fate may soon meet payment cards. Today, all you need is a phone with an application that you can withdraw cash from an ATM and pay in the same way for shopping. For Free.Continue Reading..

16
Mar

Deutsche Bank and Commerzbank joined the merger talks.

Both banks have officially confirmed the start of talks on mergers, although they stipulate that they are only at the initial stage of talks. Nevertheless, the prices of shares of Deutsche Bank and Commerzbank to the south on Monday increased on the stock market by 4.07 per cent, respectively. and 6.87 percent.Continue Reading..

08
Mar

Contactless payments without a PIN CODE will increase up to PLN 100.

Banks are ready to raise the limit from PLN 50 to PLN 100, but want to increase the security of such payments. Therefore, this will not happen this autumn, but before the end of 2019.

Continue Reading..

06
Mar

Creditworthiness – how to increase it?

Poles are now buying a record number of flats – still, many people are overwhelmed by their low creditworthiness. How can we increase it to finally buy a dream apartment?Continue Reading..

04
Mar
18
Nov

The revolution in electronic payments is coming.

Solutions are created that let you pay in the background without removing your smartphone from your pocket Background payments are the future of electronic payments. Open banks are opening for banking solutions offered by fintechs, and the technology itself provides security at the highest level.

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16
Nov

Bank Millennium buys Euro Bank and increases the scale of operations.

On the 5th of November, 2018, Bank Millennium and Société Générale signed a contract for the purchase of Euro Bank by Bank Millennium. The subject of the transaction is the acquisition by Bank Millennium of approximately 99.79% of shares in Euro Bank for a reference price of PLN 1,833 million.Continue Reading..

12
May

No agreement between the US and Iran. How did the Polish zloty reacted?

The dollar, euro and franc in a few hours unexpectedly got cheaper by a few cents. Although initially, after the controversial decision of Donald Trump on Iran, it clearly rose. However, the situation is still unambiguous.

Continue Reading..

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