Tag: International business

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.

10
Jul

What is Bitcoin cryptocurrency and BTC exchange?

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. Unlike traditional, physical currencies like euros or dollars, Bitcoin is not printed – it has no physical form. Instead, bitcoin is created by computer scientists around the world, using programs that solve mathematical problems.

Bitcoin becomes very popular exchange medium that we can pay for more and more products and services. Day by day we can hear that more institutions, stores and other companies are starting to accept bitcoin. It is also a currency that has no physical form and can be sent immediately to anywhere on earth. This has a lot of advantages compared to e.g. international bank transfers, where money has to go through several banks along the way, and thus be saved on several subsequent virtual account books.  

Banks are another significant difference between cryptocurrencies and physical cash. The central bank’s mission is to stabilize its own currency. It can increase the money supply, which we call ‘reprinting’ to cover government debts, thereby devaluing the currency. However, in the case of digital currency, there is no such thing as Bitcoin Bank that would also be its regulator. This is due to the fact that Bitcoin is a bank in its own right. The independent accounting book contains information about the ownership status of all users and the history of transactions between them. To open an account with cryptocurrency, just download the special application and generate a login and password. Each user’s account is completely anonymous and has no formal requirements.

Here the meaning of the term “crypto” is revealed to us, because the above-mentioned information is just encrypted inside bitcoin. The way encryption is done is a revolution in the field of information technology – it is called “Blockchain”.

18
Apr

The EP supported laws prohibiting the sale of double-quality products.

The European Parliament in Strasbourg on Wednesday supported laws prohibiting the sale of quality products. The new regulations were approved by the House with 474 votes in favor, 163 against and 14 abstentions.Continue Reading..

02
Apr

The EU has extended the black list of tax havens.

The European Union has expanded the black list of tax havens that it created at the end of 2017. It has added 10 jurisdictions, including the United Arab Emirates, Oman as well as the British and Dutch overseas territories. Blacklisted countries may be covered by stricter controls of transactions with the EU.Continue Reading..

20
Mar

Registered address for a Polish company.

After introducing the lowest corporate income tax rate in Europe – 9% Poland became even more attractive country for doing business by foreigners. Some of them are interested in living in Poland and conducting their stationary business but the other group would like to go back to their countries and control the company at a distance.Continue Reading..

04
Mar
28
Feb

The US-North Korea summit finished ahead of time.

Donald Trump and Kim Dzong Un stopped the meeting in Hanoi before the time. A joint lunch and a document signing ceremony were canceled. According to the White House, no agreement was reached.

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20
Jul

The European Union and Japan have signed a free trade agreement.

Initially, the agreement was to be signed last week in Brussels, but the EU-Japan summit was postponed due to the floods that hit the Land of the Rising Sun. Heads of European institutions have declared that they can go to Tokyo to finalize the deal.

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28
May

Business of the future. Experts chose the best startups.

At first you have to get a good idea before others do it. It must be innovative, because only small companies starting from scratch are able to attract big business partners. You do not need to have a lot of money to implement, but you have to be able to sell the idea. With such knowledge the participants of the ABSL Start-Up Challenge competition started to compete for the most innovative start-up.

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16
May

Trump breaks the deal with Iran. Oil prices at the highest since 2014.

The US president broke the deal with Iran and announced the imposition of serious economic sanctions on the country. Will include trade in oil, which prices went up quickly, breaking several-year records. The drivers cannot be surprised at the gas stations.

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