Singapore's forex trading growth: impact on the global market
Forex News

Singapore’s forex trading growth: impact on the global market

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Singapore’s forex trading market has grown incredibly over the past few years. It is the largest fx trading center in the Asia Pacific and the third largest, following New York and London. Statistics show Singapore’s share in global FX volume rose from  7.7% in April 2019 to 9.5% in April 2022. Moreover, there is a 45% hike seen in fx average daily trading volumes from April 2019 to April 2022 as it reached US$929 billion. Currently, the fx sector of Singapore trades above $0.5 trillion every day, having a considerable impact on the global market. Continue reading to know more about how Singapore’s trading market contributes to the global financial market.

Singapore’s Forex Market: Overview

Despite the high volatility in currency markets following rate hikes by the US Federal Reserve and other central banks in 2022, the Singapore dollar stood stable, keeping faith among forex traders of Singapore. Currently, it continues to be the best-performing currency in the region. Market experts speculate this currency will further strengthen this year. 

The Monetary Authority of Singapore (MAS) is Singapore’s Central Bank and financial markets regulatory body. Hence, every the best forex broker in Singapore must follow the norms of MAS for the smooth and progressive function of forex trading in Singapore. 

Singapore has become Asia’s top financial center while ranking third in terms of forex turnover by country and terms of financial secrecy (Tax Justice Network). Along with the growing trade, financial institutions began to develop, and maritime insurance,  trade finance companies, and currency services also grew. 

Singapore is the most significant financial center; the FX trading activity shows a significant increase in volume from investment institutions like insurance houses, hedge funds, and asset managers. With Asian investment flows expected to increase, the fx market has attracted many new regional forex players.

Factors Contributing to Singapore’s Forex Trading Growth 

Singapore FX trading is the best pick for investors looking to add stocks to their portfolios. Singapore has become the favorite trading place for investors and traders. The attraction of more investors and traders is that they can trade over 550 SGX-listed companies here while enjoying low fees and transparent pricing. 

Several more factors contribute to forex trading growth in Singapore, such as geographic location, technological advancement, favorable government policies, and skilled workforce. 

Regulations

Singapore has strict government regulations for all financial institutions. The Monetary Authority of Singapore (MAS) ensures a favorable environment for traders, investors, and other businesses to provide high security, safety, and transparency. The government authorities keep track of smooth functioning and low corruption rates. 

Geographic location

The geographical location of Singapore has played a vital role in its growth. The country’s trading facilities and dedicated banking support are difficult in any other region. Moreover, Singapore’s regulator has joined forces with the financial industry to develop Singapore as an FX trading hub and to expand the FX market infrastructure. 

Technology

Technology advancement has helped increase trading volumes. Trading currency through the online exchange has simplified the trading process and is also time-saving compared to traditional brokers. Online trading platforms have allowed traders to trade from any location at their preferred time. Traders can check the price of currency pairs from their online trading platforms anytime. Many platforms nowadays provide forex signal services to help traders make the right decisions. 

Workforce

Singapore’s regulatory framework ensures that a highly educated and skilled force manages Singapore’s FX market. MAS continuously tried to build a sustainable pipeline of professionals and experts in the financial sector. MAS also takes the initiative by providing training for finance professionals to help them develop their skills. With the help of such programs, MAS aims to provide opportunities for its people to attain technical expertise and global exposure.

Thus, geographical location, strict regulations, strong governance, technological advancement, and skilled workforce have attracted more foreign investors to Singapore’s forex trading. These factors have played a major role in Singapore’s Forex Trading Growth.

Impact of Singapore’s Forex Trading Growth on the Global Market

Singapore’s forex trading growth has contributed to the overall growth in the forex market. As per the Bank for International Settlements (BIS) reports, Singapore alone is responsible for  7.6% of global forex trading volume. Singapore is known to be the third-largest forex trading center in the world, with around a 45% increase recorded in fx average daily trading volumes from April 2019 to April 2022. 

Current statistics show that Singapore’s FX market trades around $0.5 trillion daily, which considerably impacts the global market. Singapore’s forex market growth has also led to growth in market liquidity. More financial institutions and traders are participating in the market, increasing the currency supply for trading. 

Challenges and Future Outlook for Singapore’s Forex Market

Although there are numerous benefits of trading in the Singapore forex market, another side must be understood. There are certain challenges that even the best forex trading platform Singapore is facing.

  • The wide range of forex markets in Singapore provides numerous options to trade. Hence, it gives tough competition among Singapore’s best forex trading platforms. 
  • Singapore’s strict and changing regulatory infrastructure could potentially limit many currency pairs, further limiting the forex trading options.
  • With the increase in trading activity, there is always a risk of hacking or cyber-attacks. This can impact the reliability and number of participants for trading.

However, we can also see a bright future and expect continued growth in the fx market. 

  • The adoption of digital technologies and advanced learning is likely to help sustain Singapore’s leading position in the Asia-Pacific region and also across the world.
  • Singapore’s regulatory environment and location will increase demand for forex trading in Singapore. 

Conclusion

Overall, we can see tremendous growth in forex trading in Singapore in the past two years, making it number one in the Asia Pacific region and the third largest in the world. Advanced technology and the regulatory environment are key factors contributing to growth in the trading market. Certain challenges might affect the percentage of trading volume in the near future. However, there are other factors to deal with such challenges, and the growing interest in forex trading among the people will take forex trading in Singapore to greater heights.

XRP Price Prediction: Will Ripple Price Go Up?
News

XRP Price Prediction: Will Ripple Price Go Up?

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Understanding Ripple

The criticism on the valuation of Ripple is mainly focussed on XRP which is the native cryptocurrency of its platform. Many people stated that XRP still has not gained any sort of traction in the market to estimate its real valuation. But the traction of XRP can be estimated because its valuation is calculated as an asset and a channel of the transaction between banks on its platform. The role of XRP in the ecosystem of Ripple has transformed into a critical determinant of its overall valuation of the industry.

What Is Ripple(XRP)?

Ripple (XRP) is one of the reputed cryptocurrencies of the globe which also has strong competitors. The best part is centralized unlike other cryptocurrencies such as ethereum or bitcoin. In fact, cryptocurrency is interlinked with various banks, businesses as well as investment institutions across the world. It is extremely counterproductive as the investors believe that the selling point of cryptocurrency is the external companies as well as its freedom. Cryptocurrency experts are also claiming that it is the main factor behind the success of Ripple. Now to understand the price prediction of Ripple, the most important point to understand what is Ripple XRP is and how is it different from other cryptocurrencies. You can view the complete crypto future details here to know more information.

How Does Ripple Works?

The majority of the banks use the Society for Worldwide Interbank Financial Telecommunications (SWIFT) system for processing international transactions. And this technique is very effective and it also involves operational overhead due to the use of the new technologies. Ripple ails in offering an efficient system for the direct money transfer which settles in real-time. When it comes to traditional money transfers, investors should interact with one another to figure out how to coordinate numerous systems and determine whether or not they are compatible. However, with Ripple, you may connect it and construct a worldwide network while adhering to the norms and standards. Not only that, but you may communicate with people in a more clear and straightforward manner. Furthermore, because there are several systems involved, traditional financial institutions may take a few days to complete transactions. This will make the current environment sluggish, costly, and error-prone, perhaps harming the ecology. RippleNet now has On-Demand Liquidity, which helps to eliminate the need for pre-funding for cross-border transactions.

What is Ripple vs. Bitcoin?

Ripple is a private company that aims to develop the cryptocurrency XRP as well as the RippleNet network. Another thing to be noted is that it is a cryptocurrency as well as a payment settlement system. Bitcoin on the other hand is a blockchain-oriented technology. Now we will be discussing the key differences between ripple and bitcoin.

Transaction Speed

Ripple mainly provides a cheap and fast transaction by allowing the high-speed exchange of currencies, low cost, and payment settlements. On the other hand, Bitcoin acts as a decentralized digital currency that focuses on the resistance to centralization and censorship.

Supply

The total supply of Ripple is 100 billion XRP among which more than 45 billion are currently circulating in the market. And the supply of Bitcoin is 21 million out of which over 18 million is in circulation.

Technologies

The bitcoin network depends on blockchain technology which is a shared public ledger that includes all the confirmed transactions as well as the mining concept for validating transactions. Ripple on the other hand makes use of the consensus ledger.

Will Ripple’s Price Go Up?

The Ripples plays a similar role to that of U.S. dollars in the international market. Its current price is $0.831 as well as a market cap of $39.337 billion. This makes XRP the 8th largest cryptocurrency in the globe. According to the latest forecast, the Ripple price is estimated to reach $2.5778 at the end of 2022. For a long-term xrp forecast you can get more details here.

Experts Talk About XRP Price Prediction

The price of XRP is going to rise high in 2022 and could touch $2.054 as per the WalletInvestor. But in the end, it can also decline to $0.56 at the end of the year as the Economy Forecast Agency. The highest price of the Ripple XRP is predicted to reach $12 by PrimeXBT.

Conclusion

The technology trend has altered dramatically in terms of convenience and speed, and information is now going all over the world. However, money transfers have proven difficult, as has the changeover to email form letters. In terms of value transfer, cryptocurrency has seen substantial development. Crypto, on the other hand, when viewed in a larger sense, lacks interoperability with traditional money systems. Ripple’s major purpose is to smoothen and speed up money transfers by utilizing blockchain technology.

Cathie Wood Cuts Down Coinbase's Stake as Bitcoin Holds $56k High
Stocks

Cathie Wood Cuts Down Coinbase’s Stake as Bitcoin Holds $56k High

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On Tuesday, Cathie Wood-led Ark Invest reduced its holdings in Coinbase Global Inc, marking the Cryptocurrency exchange company’s stock’s second straight day of selling.

The prominent money management business sold 5,855 shares in Coinbase via the Ark Innovation ETF, valued at $1.46 million. On Tuesday, shares of the Cryptocurrency exchange finished 2.80%, down at $249.33 a share. Since its spectacular NASDAQ debut in mid-April, Coinbase shares have dropped approximately 24%.

Bitcoin is up by 10.31% this week and is trading at $56,382. While Dogecoin is down by 7.99%, it has experienced increased trading activity, contributing to Coinbase’s income. Shiba Inu, a meme coin, is up 52 percent this week and is attracting a lot of attention.

The Ark Next Generation Internet ETF and the Ark Next Generation Internet ETF are two additional Ark exchange-traded funds that own Coinbase stock.

Before Tuesday’s transactions, the three ETFs had 6.27 million shares in Coinbase, valued at roughly $1.60 billion.

Some more key trading happened for Ark

PayPal Holdings Inc. was sold for 26,901 shares, valued at $6.88 million. The payments company’s stock ended the day 0.31 percent down at $255.85 per share.

Wood’s primary investment technique is to buy on the low end of the market. Her funds were purchased in the short-term losses in Bitcoin, Zoo, Ginkgo Bioworks, and Peloton after it was hammered by a short-seller at various points this year. She believes Bitcoin will reach $500,000 in the next five years.

Coinbase stock is also held by two additional funds, the Ark Next Generation Internet ETF and the Ark FinTech Innovation ETF. All three companies own 6.3 million shares worth around $1.6 billion. In April, the crypto exchange began trading on the NASDAQ.

On Monday, the Ark Innovation ETF added Teledoc, Intellia, and Crispr Therapeutics to its holdings. The company sold around 16,000 shares in BYD, a Chinese electric car firm backed by Warren Buffett.

Successful Trading Plan for CFDs
Forex News

How to Create a Successful Trading Plan for CFDs

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Contracts for Difference (CFDs) are arrangements made in financial derivatives trading. The difference in the settlements between an open trade price and a closing trading price is cash-settled; no delivery of securities or physical goods occurs with CFDs. Traded directly with a broker instead of the market, CFDs allow buying and selling of underlying instruments at a future point but at a rate stipulated today. So, be very careful while trading CFDs. This article will discuss how to make a trading plan for trading CFDs, the tips to become a successful CFD trader, and how to find the best CFD broker. 

How to Build a Trading Plan for CFDs? 

The goal of CFD trading is to close positions with profits. To do this, you need a plan. Since CFD trading is leveraged, a good CFD trading plan is vital to have. Once individuals know about the advantages of CFDs trading, they wish to get started right away. But resist the temptation and spend time considering how you will approach and handle your CFD trades before putting your capital at risk. To build a CFDs trading plan, consider the following: 

Your Strategy: Create a strategy that you can use again and again. Without proper planning and trading strategy, you would find it hard to find out what happened because of good management and what happened with your luck. 

Entry Point: You should find out which trades you want and what circumstances will activate an entry in a position. Ensure that you do not change reasons for entering a trade after entering it. After you begin doing it, you can explain getting into a trade by changing the reason around. 

Exit Point: You should know where you’ll exit a position. Also, make out how much risk you can take before placing a trade. Although you cannot tell your exit point always, you should be clear with the conditions that should be satisfied to exit a trade.  

Record-Keeping: Be clear about keeping a track record of all your trades. With proper record-keeping, you can look back and find out things you need to change. 

Tips to Trade CFDs Successfully 

If you want to bolster your profits while trading CFDs, you should consider the best tips given by the experts. Learn from the mistakes of top traders and avoid falling into expensive pitfalls. 

Maintain a Journal

Keep a journal to write descriptions of your crushes for entry/exit points, position size, price, and more. It will be your trading book to look back at your mistakes. A CFD trading journal is often overlooked, but its use can be invaluable. By maintaining a CFD trading journal, you can identify patterns, streamline strategies, and look at your emotions while trading. A good CFD journal should include: 

  • The instrument
  • Reasons for a trade, news-based, technical, and more
  • The time of entering/exiting a trade
  • Was it a loss or profit?
  • Your learnings from the trade
  • Review of the trade performance

Control Your Leverage 

If you make the right trade, leverage can be your biggest asset. If you are winning, you are attracted to boost your position size. But there is a possibility of loss as well. You have to be smart. No one wants the stress and margin calls that come with huge losses. To begin with, you should start small. As your money grows, you can increase your leverage slowly.

Education

The best traders and investors don’t stop learning. Stay updated with the market developments while perfecting and practicing CFD trading strategies. You can also learn from successful traders. For this, you can use many resources like courses, blogs, forums, PDFs, videos, eBooks, and more. 

Use Stops 

If used correctly, stops can help minimize your losses and keep you longer in the game. Every trade you make should have a clear stop. Ensure to outline a CFD stop out of the market hours and religiously stick to it. It will help you predict maximum losses. 

Demo Accounts 

Once you have done your research and got the capital for trading, it is hard to resist trading. Test your strategies using a demo account. Most brokers these days offer practice accounts. These accounts have virtual money. It makes them the best place to try their trading strategies and make mistakes before investing real money. Demo accounts are also an efficient way to try a broker’s CFD trading platform. With them, you can ensure that the broker has all the analysis and charting tools a trading plan needs. 

How to Choose a CFD Trading Broker? 

To assist you in the broker selection procedure, here is a guide of main factors that you should look at while selecting a CFD trading broker: 

Regulations: This is the first thing to look at when choosing a CFD broker. A good broker should be regulated by competent regulated agencies. For example, you must select the best Australian forex brokers regulated by ASIC if you are from the Australian region. By working with regulated brokers, you get the guarantee that the broker meets the standards imposed by regulatory bodies. 

Trading Software and Platform: You should make sure that a trading platform is reliable. Most brokers offer traders many trading platforms to select from. A good broker has many trading platforms and the best software. The vital features of a trading platform include: 

  • Risk management tools
  • 1-click trading
  • Wide variety of technical indicators
  • Complete charting package

Customer Services: Most new traders forget to consider customer services while choosing a broker. They don’t realize that customer services play an essential role in their trading experience. Irrespective of how knowledgeable or experienced a trader is, there is a time when help is needed. Check whether the broker has different ways to contact their customer support. 

Account types: Most CFD brokers offer traders a range of trading accounts that cater to different types of traders. They generally include – a Micro account, a mini account, and a standard account. With both the mini and micro accounts, a low initial investment is needed to start trading. However, with a standard account, the minimum investment amount may differ from one broker to another. You should choose a trading account that best suits your investment capital. 

Conclusion

Trading CFD is less risky as compared to other instruments. Still, it can be quite challenging to create and implement a profitable strategy while trading. If you wish to become a successful and profitable CFD trader, you’ll need to use various educational resources and follow the above tips. 

However, now you have learned how to build a trading plan for CFDs, you also need to start with a good platform for it, check out the Review of CMC Markets and understand it in detail, and start exploring your strategies with it and earn huge profit.

Zcash (ZEC) News
Opinion & Analysis

Zcash Draws an Extended Downtrend; Trades Below $70

By 9031 0

Zcash, one of the top 35 cryptocurrencies of the global market, is seen trading with a negative sentiment after a bearish candlewick stretched from the trading price of $75 to as low as $66, while currently trades $68.3. Moreover, ZEC price has pulled back to trade below $80 since the beginning of the month after hitting the lower high at $90 in the previous month.

 

Alongside as per Zcash price prediction and technical analysis from experts, ZEC coin had tested support around $50 and $51 thrice in 3 months starting from September until the time of writing. Moreover, the ZEC coin gained notably after the major market crash in March when it corrected as low as $18.06 to hit a YTD high at $102.28 and has strengthened by over 400%.

 

The degree by which Zcash gained is bewildering compared to other major altcoins and the largest cryptocurrency, Bitcoin. The latter is seen trading with a pullback over the past 24 hours, and after a 3-week consolidation, Bitcoin price nosedived below $19k and currently trades at $18.2k.

 

Summarizing Zcash’s price movement over the past two weeks, we see that ZEC/USD’s price trend is drawing a clear lower high pattern followed by three descending price ranges, i.e., $90, $82, and $76.

 

Zcash Price Analysis

Zcash News

 

Today, Zcash was seen trading at $68.30 and has intraday retrieved from the daily lows at $66, wherein it was close to testing 50-day MA daily support at $65.91 followed by $64.24. With the bearish candlewick extended, ZEC/USD breached the lower Bollinger Band after a volatile movement recorded in the past three months.

 

The price movement of Zcash since September 2020 reflects a clear rejection at $75 before the lower high hit in the previous month at $90. The intraday price slash led to drawing a bearish crossover on the daily chart after a downtrend over the past two weeks. The RSI is seen inclining towards the oversold region, with a marginal decrease in the price of Zcash, leading to a slash in demand, currently lying at 47.22.

Interest Rate Matter In Forex Trading
Trading News

Why Does Interest Rate Matter In Forex Trading?

By 18825 0

Interest rates drive the foreign exchange market. Global rates of interest rule the world of forex trading. The expert forex traders closely monitor the interest rates of every country to predict the right time to trade in the forex market. It is of utmost importance to keep an eye on the varied interest rates.

How does the interest rate affect forex trading?

The interest rates of the world

The monetary policy of the central bank is the driving force of the interest rates of the world. Whenever there is a change in the expected interest rate, the currency follows suit as well. The central banks wield a variety of tools of fiscal policy to influence the movement of interest rates.

The central bank generally performs two significant tasks. These tasks include the management of inflation and maintenance of the stability of the exchange rate of a country. The interest rate of a country is an estimation of the country’s economy. The central bank strives to increase the interest rate when the economy of a country grows and thereby induces inflation. On the other hand, the decline of interest rates during economic descent tends to stimulate the economy. Economies are always contracting or expanding. The central banks monitor the rates of inflation and permit the steady growth of the economy.

Economic cycle and interest rates

The consumers in the market begin to earn more when the economies rise, and the GDP witnesses a positive growth. The increase in earnings leads to an increase in the amount of expenditure, which eventually causes growth in inflation. The central bank strives to control the inflation growth and support the level of the target by increasing the interest rates.

When the economies recede, and the GDP witnesses a declination, the deflation in the market tends to be threatening for the forex traders. The central bank then steps in to decrease the currency interest rate for the stimulation of investments and spending. The low rate of interest attracts more and more investors. The forex market experiences a favorable growth in investment, which stimulates further economic growth and employment, leading to inflation. The forex trader needs to keep track of the impact of interest rate on the currency of a country. The higher the interest rate of the country, the greater is the probability of the growth of the currency.

Expectations of interest rate

The expectation of the occurrence of a variety of events constantly continues to change the dynamics of the market. A majority of the foreign exchange traders rarely consider the current interest rates. The forex traders usually try to forecast the overall direction of the interest rate, but it is more prudent to keep an eye on current events and updates for more efficient and profitable forex trading.

The forex trader needs to understand that the interest rate always shifts with changes in the fiscal policies of the central bank. If the interest rate keeps going down, then there will be a shift in the expectation, which will trigger a speculation shift as well. Besides, the gradual shift, there can be sudden shifts in interest rates as well, so it is better to stay alert all the time to make the most of forex trading.

Interest rate differentials

Forex traders often apply the widely popular trading technique of comparison of interest rates between two currencies. The comparison indicates whether the currency will weaken or strengthen while trading. The value of interest rate differential is the difference between the values of two interest rates. It also helps in calculating the probable shifts in currency interest rates. The foreign exchange market witnesses the biggest swings when the interest rates of two currencies move in opposite directions. And when the interest rate of one currency rises, while the other falls, the market experiences erratic fluctuations.

Nominal vs. Real Interest Rates

The nominal interest rate refers to the base rate or the interest rate of the currency before inflation. It is more profitable to focus on the real rate of interest instead of the nominal rate of interest during forex trading.

Keeping tabs on the interest rate is important for successful and efficient trading through forex trading brokers in the foreign exchange market.

India is Catching Up on the Technology Wave With 5G Networks
News

India is Catching Up on the Technology Wave With 5G Networks, Says Trai Chief

By 8251 0

India is undergoing a revolutionary wave of technology. It seems adamant to catch up on the technological fronts with the developed nations like the United States. Users want the quickest of services with super speed internets and network capabilities. 5G has already been planned to set up in a number of cities in the country.

TRAI chief, Ram Sevak Sharma, also shares the same opinion. On Tuesday this week, he said in a statement that India will not be behind on the technology graph after the on-time inauguration of the fifth-gen network or 5G network. The Telecom Regulatory Authority of India chairman thinks India has become the pioneer of advanced and innovative technologies.

Now, we have come to a stage where technology develops in India first. With 5G, we will no longer remain behind the technology curve,

said the chief at the Telecom Summit 2020 conducted by the Ph.D. Chamber of Commerce and Industry and TEMA, the Telecom Equipment Manufacturers Association.

He also highlighted certain fundamental features of this next-gen 5G technology that included, highest throughputs, zero-latency communications, and huge machine-to-machine interaction.

He also emphasized certain challenges that exist in the widespread implementation of the technology, which includes limited funds. Also, deploying the 5 gen networks will require low fiber backhaul, which looks quite limited currently.

There are less than a third of mobile towers connected to fiber backhaul when compared to China that has more than 80% connected. The telecom sector should not be considered as a money-making machine for local bodies,

Sharma said.

He went on stating that telecom must be perceived as a vital area of services to the citizens and therefore, certain issues like the Right-of-Way or RoW must be catered to. And it will be only a matter of time Indians will be leveraging the lightning speed networks effortlessly.

Amazon Denies ShipMatrix Claims About Fall in On-time Delivery Rates
Company News

Amazon Denies ShipMatrix Claims About Fall in On-time Delivery Rates

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Amazon has termed the claims made by consulting firm ShipMatrix “inaccurate.” ShipMatrix claims that Amazon’s on-time delivery rates had fallen to 93.7% in the week ending December 7 compared to 98.2% during the previous week, which also included Thanksgiving.

Amazon spokeswoman Rena Lunak admitted that some deliveries were delayed due to bad weather but asserted that the company had regained control of the situation.

The on-time delivery rate for Amazon van drivers is important because they account for the major chunk of deliveries of Amazon products.

Amazon charges its Prime users $119 per year with free delivery within 1 or 2 days. It said in April that it would spend $800M to cut delivery times from 2 days to 1 for them. Its network of van drivers is expected to deliver 275M packages this year between Thanksgiving and Christmas, which is double that in 2018. Analysts have warned that Amazon’s delivery times leave very little room for error and failure to meet the deadlines.

ShipMatrix President Satish Jindel has pointed out that other carriers like UPS, FedEx transfer Amazon products by air over long distances, but still, their on-time delivery rates are similar to that of Amazon van drivers. Thus, just bad weather cannot be alone held responsible for the drop in on-time delivery rates. Satish said that as Amazon is a retailer, supplier and delivery firm the company might be facing problems in fulfilling the rush of orders in the festive season. In other words, it may be blaming the weather for covering up its failures in fulfilling orders on time.

Amazon began its involvement in the delivery of goods after a massive upswing in orders in 2013 which had caused a breakdown in its supply chain. This resulted in delayed delivery of products and upset the customers. Amazon’s logistics unit has many warehouses, almost 50 planes on lease and 30,000 delivery vans.

SpaceChain Has Launched Its Third Cryptocurrency Wallet Node Into Space
Company News

SpaceChain Has Launched Its Third Cryptocurrency Wallet Node Into Space

By 8216 0

The world’s leading open-source blockchain satellite network, SpaceChain, has released its third cryptocurrency wallet node into space. SpaceChain aims to build a blockchain-based network in space. It is a significant and ambitious project compared to other projects.

SpaceChain wants to develop a cryptocurrency wallet in space with the aim of no physical attack or control over it. It is the safest digital currency wallet in existence. The company has already launched its two rockets in China, which has holding parts of the wallet and network. Now, it is launching the third one from outside of the United States in Florida.

During the rocket launch, the CEO of SpaceChain, Zee Zheng, said that the company had put all its resources into this project. He declared that there is a much difference between the third one and the other two rockets that they have already launched. He forced his team to build a unique design to fulfill their needs and requirements.

NASA will get involved in this project after some time. The space program asked SpaceChain to ensure that their hardware must be fit and attached to the International Space Station (ISS). It will take a long time to release the idea of SpaceChain for use.

Invoiced Partners With Chase Bank’s WePay to Provide Invoiced Payments
Company News

Invoiced Partners With Chase Bank’s WePay to Provide Invoiced Payments

By 22206 0

Recently, the Accounts Receivable Automation platform, Invoiced, declared its partnership with Chase’s WePay to provide invoiced payments. The Invoiced customers can use this integrated payment processing solution for easy and secure setup payment processing services.

Invoiced is connected with the integrated payments business of JPMorgan Chase and Co. to offer payment processing solutions to more than 23,000 businesses. They trust the Invoiced company for all their accounts receivable operations. The Accounts Receivable Automation platform is suitable for handling invoiced payments seamlessly.

Invoiced is a well-known platform with more than 20,000 customers in 92 countries, and approximately $50 billion of receivables are processed. On the other hand, WePay is an integrated payment processing provider and helps small businesses by providing software and applications like BigCommerce, Zoho, GoFundMe, etc.

There is a frictionless customer payment portal on the Invoiced platform that helps customers in online payments through debit cards, credit cards, ACH, etc. Clients do not need to research, set up, and combine gateway or payment processor.

There are many features as well as benefits of Invoiced payments:

  1. Quick Onboarding: One can start without any form or account sign-up. It takes a couple of minutes to accept online payments for businesses.
  2. Reasonable Pricing: Invoiced Payments provides affordable, competitive, and transparent rates to many businesses.
  3. Smooth Integration: The payment entry, as well as transactions, appears in a single payment portal of the client.
  4. Security: Invoiced Payments is PCI-compliant, and the integration with Invoiced will minimize the overall PCI-compliance overhead.

Co-founder and CEO of Invoiced, Jared King, said that their main aim of the company is to make the process of billing and collections easy, efficient, and useful. Chase provides Invoiced Payments to the businesses to offer comprehensive, integrated A/R and payment solutions.

Marketing VP of WePay, Jennifer Lewis, said that small businesses focus on developing their companies. But sometimes, they got bogged down due to some backend operations, which take a lot of time to solve. But, their collaboration with Invoiced provides Invoiced Payments that can solve some of their issues. Currently, Invoiced Payments are available for users in the US and Canada with paid accounts.