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Benefits of a Credit Card

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Every bank is people friendly, and they have a variety of credit cards to assist people in case of emergencies or untoward situations. You can select any card suitable to your lifestyle and their customer-friendly executives are always at your beck-and-call for assistance. All the cards have cash back schemes, reward points and offers any time of the year. Having a credit card offers you the convenience of making one payment compared to paying cash for various services.

Benefits

Yes, selecting the best card is a challenging task, but not an impossible one. If your job involves going on tours, a travel card offering discounts on hotel bookings and flight tickets will be the best option. Also, you have the option of paying by this card instead of paying by cash in a foreign land. If you are one who shops regularly, a card offering discounts on popular labels, electronics at suitable outlets will be the best option.

In an unforeseen-emergency, you can make the payment, but can have the big amount changed to EMIs. Repayment is mandatory, however, you can schedule the payment as per your convenience after going through the guidelines.

Some of the card fans opine the monthly c.statement to a diary where you do not have to note the purchase items. An option is also available where the purchases can be easily sorted.

Making regular payments on your dues automatically rewards you with a good credit score. A wonderful track record will always assist you in securing a loan.

Forget the past of standing in long queues at a bank; you can apply for your favourite credit card in the comfort of your home or office. Make a visit to the website, browse the required column and select your favourite card. The personal details have to be filled as required and then click the “Apply” option. The next step is to keep ready the copies of Identity proof, Income proof and address proof for the verification process.

Highlights

Handling expenses is difficult, but more challenging is the task of paying bills. The world is in your fingertips provided you know how to handle technical gadgets and have a credit card. You do not have to step out of your home to pay bills of any category, be it electricity, mobile recharge and other requirements.

Live hassle free and avail of the Mobile Bill Pay option of the Bank. Ensure you do the right clicks, update correct information and the bill. You have done your part to Mother Nature by saving paper and making the best use of your time.

Features

The internet has given rise to cyber criminals who make use of every opportunity to swindle money at your cost. However, all the credit cards are safely protected as they have an EMV chip (also protected by PIN) by which every transaction is made secure. The chip cuts down drastically any possibilities of skimming and counterfeit fraud transactions.

You can use the card to access airport lounges (for a nominal fee), shop online for clothes, gadgets, book tickets of your favourite shows etc. Similar to every credit card, you will receive an SMS instantly after a transaction to the mobile number registered in the directory.

You can also withdraw cash at any ATMs in the world (however, you have to inform the bank for some credit cards about going to a foreign country). Fees will be applicable as per the guidelines. Payment by card just got better with these points.

• Booking by credit card gives you discounts on movie tickets and outside dining.

• Depending on the card, you will get refunds for fuel surcharges.

• Family members of primary card holders do not have to pay fees for becoming an add-on member.

• Joining fees may be waived if you make a purchase of a particular amount or above using the card.

Eligibility

You should have attained the age of 18 years or older

You should maintain a minimum amount as per the requirements of the credit card

If you are applying for a credit card the first time, you have to provide proof of your income, address. In case you already have an account, your KYC information will be checked once again for authenticity.

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Did The SEC’s Gary Gensler Threaten Crypto And DeFi In The WaPo Interview?

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Gary Gensler in the Washington Post

Come on, Gary Gensler didn’t threaten the industry. Of course he didn’t, but… maybe he did? If a mafia boss repeated the exact same words, there would be no doubt. And we’re quoting him verbatim. This is exactly what the Securities Exchange Commission’s  Chairman told The Washington Post. They had Gary Gensler as a guest in their “The Path Forward” series. The host was David Ignatius. They talked about “those five- or six thousand projects” that are “raising money from the public.”

Related Reading | Erik Voorhees: Selling Unregistered Securities is a Made up Crime

Yesterday, we focused on Gary Gensler’s comments about stablecoins and Evergrande. Today, the topic is fighting words… or are they? Read what he had to say and decide for yourself.

Gary Gensler Lures Crypto With Honey And Vinegar

The topic of the day, of course, is, are cryptocurrencies securities? And the head of the Securities Exchange Commission appeals to the exchanges and related platforms instead of aiming at the projects themselves. Interesting strategy. Gary Gensler explains:

“If these tokens–and there’s five- or six thousand different projects–if these tokens have the attributes of an investment contract or a note, or have attributes of equities or bonds. And in essence, one of the core issues is that there are platforms: trading platforms where you can buy and sell these tokens; lending platforms, where you can earn a return on these tokens that have not just dozens of tokens but sometimes hundreds or thousands of tokens. And it’s highly likely that they have on these platforms, securities, investment contracts, or notes or others, that fit the definition of security. Those platforms should come in, they should figure out how to register, be an investment–investor protection remit.”

Well, good luck with that. What will happen if people don’t obey your organization’s mandate, Mr. Gensler?

“I do really fear that we’ll keep bringing these enforcement cases, but there’s going to be a problem. There’s going to be a problem on lending platforms or trading platforms. And frankly, when that happens, I think a lot of people are going to get hurt.”

We’re not saying that Gary Gensler is threatening you. He’s obviously speaking about the risks of unregulated markets. However, “there’s going to be a problem” and “a lot of people are going to get hurt.” That’s what the man said.

The Definition Of Investment Contract

Here, Gensler is speaking directly to host David Ignatius:

“If you, David, ask some of the listeners from this program to give them your money, something of value. And they were relying on you, David, with maybe five or ten other entrepreneurs and computer scientists to build a platform–build a platform, that token and so forth, and they were giving it to you with an anticipation of profits. Our Supreme Court long ago said that’s an investment contract.”

And it’s hard to argue with that. However, it sounds threatening when you mix it with this:

“So, public money has a certain place around the globe. Private monies usually don’t last that long. So, I don’t think there’s a long-term viability for five- or six thousand private forms of money. History tells us otherwise. So, in the meantime, I think it’s worthwhile to have an investor protection regime placed around this.”

The newspapers went with that phrase, “I don’t think there’s a long-term viability for five- or six thousand private forms of money,” for their headlines. The markets tumbled. Some people argued that, in context, the phrase wasn’t that menacing. Maybe, but, if you mix it with something like this:

“And I think at $2 trillion, 5- or 6,000 projects, that it would be better to be inside investor-consumer protection, inside the tax compliance and anti-money laundering and financial stability.”

A crystal clear picture of the SEC’s intentions and politics emerges.

What Does Gary Gensler Think About Bitcoin?

According to the Securities Exchange Commission, Bitcoin is a commodity. Its unique characteristics make it so. Also, there’s Gary Gensler’s reverence for Satoshi Nakamoto and the fact that he taught a cryptocurrencies class at MIT. Because of all that, Bitcoiners seem to feel like they’re exempt from the SEC’s wrath. Are they, though?

When host David Ignatius asked about Bitcoin’s effectiveness as a store of value, Gary Gensler answered:

“I mean, holding a highly volatile asset–bitcoin is that. It’s a digital, scarce, I would even say speculative store of value. To hold appropriate capital, if it’s on a bank’s balance sheet, which seemed to fit into the remit that we’ve had in the past, that there be appropriate shock absorbers against the potential loss.”

That doesn’t sound like a Satoshi Nakamoto fan. Or like he appreciates Bitcoin at all. Flat out, what do you think about Bitcoin as an innovation Mr. Gensler?

“I think it’s been a catalyst for change. Nakamoto-san’s innovation, not only bitcoin as the first sort of one but this whole distributed ledger technology has been a catalyst for change that, around the globe, central banks and the private sector are looking in on how we can enhance our payment systems, and enhancing our payment systems to make them 24 hours a day, 7 days a week, real time, at lower cost.”

He did everything but say “Blockchain, not Bitcoin.” That slogan might’ve been phased out, but apparently, the idea remains. That’s actually what presumed pro-crypto regulator Gary Gensler thinks that Bitcoin brought to the world. A catalyst for the central banks and the private sector to step up their game. Wow.

Related Reading | This Is What Gensler’s Confirmation Could Mean For XRP

BTC price chart for 09/23/2021 on Bitstamp | Source: BTC/USD on TradingView.com

And What’s His Position On Decentralized Lending?

You’re not going to believe what this man thinks about DeFi lending. According to Gary Gensler:

“It’s raising new and interesting innovations around how exchanges work and how even potentially some forms of decentralized lending. We’ve had peer-to-peer lending for 15-20 years, we’ve experimented with it. This is a new type of experiment. So, those, I think, are really interesting innovations challenging the established business models.”

Oh. That’s actually a fair description of the phenomenon. Never mind, then. Carry on.

Featured Image: Screenshoot from video interview | Charts by TradingView

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SaTT Is Set to Pioneer Blockchain-based Advertising As It Unveils Its Social Media Monetization Platform.

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SaTT

Since the record-breaking $7.1 million ICO in 2020, SaTT has been making headlines in the cryptocurrency airwaves as it garners massive support towards the actualization of its long-term goal. SaTT, short for Smart Advertising Transaction Token, was launched by Atayen, Inc. with a mission to revolutionize the advertising landscape.

Coming up is an important milestone in the SaTT roadmap as the project is set to unveil the concept of Advertising Pools, or Ad Pools, this will launch alongside social network farming, which will ultimately allow companies and organizations to reward creators more transparently. Commenting on the significance of the upcoming launch, Atayen had stated that:

“To showcase proof-of-concept for the technology, Atayen is offering the first Ad Pool on YouTube for interested early adopters, entitled Proof Of Concept: YouTube Challenge. Throughout the process, Crypto YouTubers can discover the advantages of SaTT firsthand and earn the SaTT cryptocurrency with their YouTube channels.”

Upon launch, the Ad Pool will debut with a total of 100 million SaTT tokens which will be targeted at achieving a total of 5 million views. Creators will be required to meet some predefined performance-based requirements set by the firm in order to reach this milestone.

According to Atayen, Ad Pool would allow content creators to earn SaTT automatically through Post Farming, which requires them to attain a certain number of views, likes, or retweets. The SaTT token will be rewarded to creators once the prerequisites are completed, and the balance will be transferred.

As a blockchain-based advertising platform, powered by smart contract technology, all transactions will be fully automated without the presence of a  “middleman”, thereby decoupling the challenge of lack of transparency that has bewildered the traditional advertising landscape.

SaTT, A pioneer of Blockchain-based Advertising

SaTT has shown to be effective in assisting content producers in receiving fair compensation that is proportional to the number of views and interactions on their work. They are saddled with their basic responsibility in developing the best advertising solution for all parties involved, which is otherwise absent on many other prominent platforms like YouTube and traditional advertising platforms.

Taking into cognizance the lack of transparency and inefficient advertising metrics in the traditional advertising landscape, the SaTT platform committed to maintaining a fair and transparent connection between advertisers and business brands, which will ultimately eradicate fraud. Assuring that advertisers are compensated based on the efficacy of their advertising rather than for monthly subscriptions with no added value.

With the help of decentralized smart contract oracle, SaTT connects advertisers to publishers (social media influencers) together, allowing publishers to create content via these social media channels and in turn get paid for their effort based on the level of engagement derived (number of views, shares, likes, comments of the publication). The YouTube Proof of Concept which is set to launch in a few weeks will set the tune for SaTT to achieve its needed objectives.

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NFTs are Helping to Save the Environment

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Next Earth

In the last decade, there has been a growing awareness of the importance of sustainability, both locally and globally. The current growth in technology has made it possible to do more with less, which has led to the rapid expansion of the global population while at the same time causing unprecedented destruction of our natural resources.

We also have an unprecedented understanding of climate change and its effects on our world. As a result, many people are seeking ways to live more sustainably, both personally and professionally.

Protecting the Rainforest

The Amazon Rainforest is in trouble. In fact, it’s in very big trouble.

In the last few decades, nearly a fifth of the Amazon has been deforested and converted to agricultural land for purposes like soybean farming and cattle ranching. Deforestation is the leading cause of Brazil’s greenhouse gas emissions. Globally, tropical deforestation causes around 20% of annual greenhouse gas emissions.

The rainforest covers 5.5 million square kilometers (2.1 million square miles), or 40% of South America’s area. It stores an estimated 120 billion metric tons of carbon — equivalent to 10 times the carbon humans release into the atmosphere each year. Yet, humanity is still actively destroying one of the keys to life.

Amazon Watch is a leading environmental organization fighting the degradation of the Amazon. This is one of the initiatives supported by Next Earth, the project selling NFT tiles from a digital replica of Earth. With each NFT purchase, 10% is allocated to environmental organizations like Amazon Watch.

Cleaning the Oceans

Our oceans are in crisis. The rapid degradation of the environment is putting marine life in danger, and many experts believe that we may be reaching a point of no return.

As the world’s population grows ever larger and more industrialized, it has put an increasing strain on our natural resources. With over three-quarters of fish stocks fully exploited or over-exploited, and it’s expected that by 2050 there with more plastic than fish in the oceans by weight, there are serious concerns about what this means for the future of our ecosystem.

The solution to this problem is not as simple as banning plastics – although that would certainly help – it will take a major overhaul of how we live our lives to change consumer behavior. But perhaps technology can play a part too?

The Ocean Cleanup is one initiative aiming to remove plastic waste from our oceans. As with Amazon Watch, an allocation of NFT purchases on Next Earth are donated to this environmental group.

Innovative companies like Next Earth have come up with solutions that make us rethink how we consume digital content; from virtual real estate, and soon to land art, which can be bought and sold as NFTs.

These NFTs allow people to express themselves by owning unique assets, rather than just being “branded” users on social media platforms or having their data tracked online. This allows them greater control over how they present themselves online, which has obvious benefits for society beyond just looking cool: freedom from conformity improves mental health.

Ultimately, NFTs are powerful in many ways: As tools for creative self-expression, and also as ways to support your famous environmental initiatives, from cleaning up plastic in the oceans to saving our precious rainforests.

 

Photo by Shai Pal on Unsplash
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Scammers Alert: BTC Scammers Loot $69K Via Fake iPhone13 Event

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Scammers Alert: BTC Scammers Loot $69K Via Fake iPhone13 Event