Posts

Image
Virtual currency , also known as  virtual money , is a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community. The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury, defined virtual currency in its guidance published in 2013. In 2014, the European Banking Authority defined  virtual currency  as "a digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency, but is accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically In 2012, the European Central Bank defined  virtual currency  as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community".:13 In 2013, Financial Crimes Enfor...
Post a Comment
Read more
There are three types of e-wallets: 1. Closed E-Wallets :   A closed wallet is one that a company issues to its consumers for in-house goods and services only. You cannot withdraw cash from such wallets and you don't get any interest.Flipkart,jabong,Myntra offer such wallet. Your money is refunded in such wallets. No interest is paid on the money. You cannot withdraw your money using such wallets.  2. Semi-closed : As per the RBI, a semi-closed wallet can be used for goods and services, including financial services, at select merchant locations or establishments that have a contract with the issuing company to accept these payment instruments. Companies like Paytm, MobiKwik offer such wallets. You can transact using paytm for services and goods at merchants which are registered with paytm . Semi-closed wallets do not permit cash withdrawal or redemption by the holder as well. Companies can issue semi-closed wallets . 3. Open Wallets : Such wallets can be used for purchase ...
Post a Comment
Read more
Image
                www.AryushInfotech.com     Web Design  Software  Development    Web design encompasses many different skills and disciplines in the production and maintenance of websites. The different areas of web design include web graphic design; interface design; authoring, including standardized code and proprietary software; user experience design; and search engine optimization. Often many individuals will work in teams covering different aspects of the design process, although some designers will cover them all. Software design is the process by which an agent creates a specification of a software artifact, intended to accomplish goals, using a set of primitive components and subject to constraints.
1 comment
Read more