Bank Millennium was the first bank in Poland to provide a service where customers of the bank can order on its website transfers from their accounts in other banks. This is one of the services that the provisions of the European PSD2 Directive allow.Continue Reading..
The outbreak of coronavirus has shown that in many industries, you can work effectively from home, and you don’t necessarily have to use your office for work. If this is the case, it can mean a lot of benefits for companies and employees.Continue Reading..
Economic or political disasters introduce changes in the world economy and in national economies. Economists are also expecting change now, although we will know the effects of the pandemic in a few months. The recession of globalization and greater state interference in the economy are predicted.Continue Reading..
Most contacts with banks and offices will be possible online. The restrictions associated with coronavirus are increasing the popularity of electronic signatures.Continue Reading..
Security of supply has again become important. A pandemic can be a lesson for large corporations that it is better to invest close to outlets.Continue Reading..
Polish people are getting into higher and higher debts. The number of 40% of the consumer loans are contracted for more than 50 thousands PLN.Continue Reading..
You will not be able to issue invoices for receipts without the NIP tax number indicated. The change is to counteract VAT fraud.Continue Reading..
Odds of most popular cryptocurrencies resemble stairs from August 28. In half an hour on Wednesday evening bitcoin became cheaper by $ 600. The next two smaller stairs appeared in the next 12 hours.
Over the past 24 hours, the most important cryptocurrencies have seen a major discount. The bitcoin exchange rate fell by 9% during this time, and for one BTC on August 29 at 10 it was necessary to pay around 36.4 thousand PLN.
Similar trends can be observed for the other most popular cryptoactivities. Everywhere on the charts is clearly visible the quick sell-off, which took place around 8pm on Wednesday, 28 August. Ethereum got cheaper by more than 12 percent during the day, bitcoin cash by 10 percent, and litecoin by 12 percent. Slightly less lost XRP token used in the Ripple system – 8%.
Banks are institutions that officially mediate in financial transactions. The Bank’s main task is broadly understood money service. The Bank is a legal person established in accordance with the provisions of laws, acting on the basis of permits authorizing to perform banking activities that incur risky funds entrusted under any repayable title.
Blockchain technology is used to store and send information about transactions concluded on the internet. These transactions are arranged in consecutive blocks of data. Each block contains information about a specific number of transactions.
After filling it with transaction information, another data block is created, followed by the next and next block. This creates a kind of chain (hence the name: blockchain is a block chain). A new block appears on average every 10 minutes. It may contain information about various transactions, e.g. commercial transactions, ownership status, shares, shares, electricity generation and the purchase or sale of currencies, including cryptocurrencies – electronic currencies.
The essence of blockchain is to maintain a joint and collective transaction accounting book, in digital form, scattered throughout the network, in the same copies. This book is a collection of all transactions carried out at the moment in blockchain. This technology is based on peer-to-peer networks without central computers, transaction management and verification systems. Any computer on the network can participate in transaction transmission and authentication. In the case of blockchain, these will be blocks within the transaction book. The book is open to everyone, but fully secured by complicated cryptographic tools against unauthorized access.
Thanks to this entry, transactions are public, available to everyone, but visible only under the user’s access rights. Their entire history, from the beginning of blockchain existence to today, can be reviewed and verified.
Currently, blockchain can be used to handle various transactions, but work is underway to use the block chain as an accounting book in banking, a document authentication system, a digital signature in state administration and a notary record. All these transactions can take place outside the system that has been functioning for centuries – without the participation of public trust institutions, directly between the parties to the transaction. You can store any type of transaction in blockchain data blocks. One of the applications is the cryptocurrencies mentioned for example Bitcoin.