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Showing posts from September, 2017

GDC Coin Will Help Financial Service Providers!

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Crypto currencies like GDC Coins have captured the interest of the financial services providers. The banking sector is adopting the block chain system that has the potential to change methods for transferring money and expedite trading systems. The convergence of digital wallets, GDC coin, and peer-to-peer payment systems has triggered off a fundamental revolution. It has an exchange rate against several currencies and can be traded like foreign currencies. In addition, it provides a more accurate system for tracking customer repayment histories across banks and borders, thus, reducing the risk of non-payment. GDC coin offers the assurance of tackling key challenges that the financial sector has endured over many years. Beyond the safety implications and improved transparency of transactions, it can beneficially impact costing and prices in the market.  GDC Coin will help financial provides like VISA, MASTER, PAYMENT GATEWAY service providers. Moreover, it will ...

Change In Forex Market Due To Digital Currency!

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The Foreign Exchange or Forex is the biggest and most dynamic currency trading market in the world. The introduction of crypto currencies like Bitcoin has further added a new dimension to this liquid market. Forex traders make a profit by exploiting the volatility in exchange rates. The more the variation with other currencies, the higher is the profit. With some traders now allowing digital currency for exchange trading, the forex market is looking to change for good. How Standard Forex Works? Let us first understand how standard forex works. Imagine you are an Indian trader betting on the U.S. Dollar/Indian Rupee currency pair (USD/INR). You deposit INR100 with your forex trader. Assuming the rate of INR1 = $0.5, you will receive $50 for your INR100. If the USD/INR rate shifts to 0.45, you will receive INR111.11 (50/0.45), making a profit of 11.11% over your original INR100 deposit. How Does Forex Work With Bitcoin? Let us assume you deposit 2 Bitcoins to th...