Changeover of Indian currency from print to digital

The end of announcement of 500 and 1000 rupees by Narendra Modi has led to an increase in digital payments, thereby helping India move towards digital India. In the last few days it has been seen that the difficulties among the people to buy goods for their livelihood after the ban of Indian currency notes like Rs.500/- and Rs.1000/-, it seems the nation was formed by more than a billion people. they have realized the advantage of digital currency.

Looking at the Google Trends page, it looks like “buying Bitcoin” is gaining popularity fast. Bitcoins are a digital currency, made by computers, whose prices are validated through a public ledger. Like any digital money, this money can be used to pay for goods and services, such as buying coffee, a meal package at a restaurant or even clothes.

Although digital currency is yet to mature, it has the power to play a key role in the future of financial services. As bitcoin and other related technologies grow in adoption, our financial system will depend heavily on a large centralized institution that has a globally distributed network. With the proliferation of the internet, we have witnessed industries such as the media; software and communications were transformed and energized. Sooner or later we will experience a similar revolution in financial services, where digital currency permanently replaces our old, expensive and time-consuming systems and an entirely new structure emerges that facilitates payments, streamlines accounting processes and enforces contracts with ease and scalability. . In this rapidly developing landscape, digital currency can emerge as the valuable trade that powers the “internet of money.”

“There is no doubt that digital currency will play an important role in the future.”

– John Donahoe, Chairman and CEO of eBay

Cryptocurrency enthusiasts are hopeful that Bitcoin will displace cash sooner or later.

Millions of Indians have limited or no access to financial services through traditional means. This means that Bitcoin can fill a need, should it arise. Benson Samuel, one of the most popular names in the Indian bitcoin community and co-founder of Coinsecure, welcomes the decision. He states, “This is very good for digital currencies in India as people will now be forced to look for alternatives to store value. Decentralized digital currencies will play a vital role in maintaining a variety of options for the people who need to use them.”

“People are receiving remittances in bitcoins, instead of Paypal. They can settle them by paying just 1% transaction fee,” said Sathvik Vishwanath, CEO and co-founder of Unocoin.

Governments around the world have recently announced that they are investigating their own plans for digital currencies.

The Manila-based bitcoin wallet service offers consumers direct access to basic financial services such as sending and receiving money, bill payments, remittances and mobile top-up from a Coins account. Unbanked and unbanked customers have access to online shopping at over 63,000 merchants that accept the digital currency.

Bitcoin and digital currency are heading towards the future of the financial system, but the main challenge is to develop emerging technologies and deliver innovations for consumers and businesses around the world. Also technologies need to be as safe and easy to use as possible, and work with governments to figure out how to enable these innovations mapped to the law.

What about your careers and businesses?

Emerging digital tools can enable organizations to focus not only on finding talent, but also on managing, retaining and developing employees. Digital employee portals will integrate with these tools to help companies expand their employee database, refine their recruitment and selection methods, and deploy their employees more effectively. These platforms can help put the right person in the right job, find skills gaps, help employees achieve new capabilities, chart career paths and drive the development of the next generation of leaders.

More than two million people may already be employed in the creative and digital sectors, bringing £137 billion to the country, but a report published by the UK Commission for Employment and Skills (UKCES) in June 2015 revealed that there are more vacancies in these sectors. sectors than in the rest of the UK economy. It also predicted that 1.2 million web development and programming jobs will need to be filled by 2022. Therefore, web developers and programmers are in high demand as fewer graduates choose to enter the industry.

Customers are better connected as data connects everything enabling competitors and start-ups to outperform established players. Those who adapt their business model around the customer will win in the growing digital age. Companies need to be more innovative and agile in order to adapt to customer demands and market changes. This will enable them to increase customer engagement, grow employees and be more profitable. Ultimately, they need a business strategy for the digital age.

Learn how to sell in the digital age.

Selling in the digital age will help your sales team maximize the power of digital marketing and stay ahead of the competition. The digital age offers online platforms, channels and systems that business owners and digital marketers use to optimize their online businesses. Business owners need to understand today’s digital landscape and how it can drive the success and growth of their business. Primarily, they need to understand the basic functions and principles of digital marketing analytics and what makes an effective branding strategy. Effectively use the power of digital marketing to identify potential customers with social media, search engines, directories, blogs and Twitter. Find and develop qualified leads using the vast resources of the Internet. Interact with and retain current customers. Establish ongoing relationships with customers.

One can get the most out of search engines

Social media can help you sell.

Get the most out of LinkedIn, a business networking mogul.

Use Twitter to sell and gain more knowledge about your industry.

Use Directories to find the right people and information quickly.

Use email campaigns to help your customers buy.

Write blogs to make yourself known as an industry expert.

Build your personal brand online that generates inbound business.