Answers to frequently asked questions

Despite its young age, Bitcoin has skyrocketed in popularity among its peers. There are legends about her, but they are based on real facts. Since its inception in 2009, 1 Bitcoin has been the equivalent of five cents, and by 2013 its value has risen to $ 1,000. No other currency in the world can boast of a similar rate to the US dollar, even if it did not last long.

Money is in constant motion - it moves through banks, postal orders, electronic and other systems. Today, there are more than a dozen options for transferring funds, and each of them has individual characteristics. Below we will consider the main methods of money transfers, their pros and cons.

With the development of the Internet and the increase in the number of electronic payment systems, the issue of money exchange has become one of the most urgent. With the help of electronic money, you can make online purchases, deposit funds for various types of services, top up a mobile phone, transfer money to users of other systems, and so on. At the same time, from time to time, it becomes necessary to convert (exchange) currency both in the global network and in offline mode.

For many people, the Internet is not just a place for entertainment, but one of the main sources of income. The web has acquired a well-deserved status as the largest employer on a global scale. But unlike ordinary life, it is not paper, but electronic currency that rotates on the network, note how many options for money we have in the electronic exchanger. To control it, there should be the best payment system at hand, ensuring the safety of transactions and the safety of funds in the account. What is the best electronic payment system? What criteria should you pay attention to in the selection process? Consider the popular options and the features of each of them.

This question worries not only students - future financiers or bankers, the answer to it is looking for potential clients, ordinary people. It is no secret that financial settlements of modern people are carried out through the intermediation of banks and other credit institutions. If a user of the world wide web wants to make money transfers without leaving home, or he needs a loan, or he is looking for the most profitable deposit option, he needs a reliable Internet bank.

When choosing a payment system, users inevitably compare their characteristics and try to give preference to only the best option. In this case, the choice is always between two options - foreign or domestic systems. What points to pay special attention to? Are foreign payment systems really worse than their domestic counterparts, or is it a myth? The main options are discussed below.

Each type of money has its place in the monetary system. Before moving on to the myths about money, lets look at their nature and classification. Initially, they are divided into full-fledged and defective. Among the first are gold coins and bullions, and electronic money is conventionally included in them.

The MIT Technology Review has published a business report on the future of digital money. Its pages contain information on research of the latest technologies and their application in online payments.