Validates an idea I’ve had for awhile now…
Tag Results: money
“The spending power of these [cash] consumers –- teens, privacy seekers, those who don’t want to use their cards for one reason or another, and the un- and under-banked –- represents a huge opportunity for those willing to serve them without penalties.”
A Reuters report has confirmed that Africa’s most populous nation is set to become the latest country on the continent to get on the mobile money system, a move which analysts say has the potential of transforming personal and business banking in the country.
Taking a hint from Kenya and South Africa, Nigeria’s central bank is set to implement the new system later this year after trials held across the country prove successful. (via Mobile Money: Nigeria to Become Africa’s Latest Cashless Economy)
“What we want from a monetary system isn’t to make people holding money rich; we want it to facilitate transactions and make the economy as a whole rich.”
Fabulous insight on the basis of a currency and a monetary system. Great article.
The duo of diamonds—which each weigh more than 35 carats—have received the highest quality grading in terms of color (D-color) and clarity (flawless). For those of you who don’t speak diamond, that means they’re truly rare and fabulous.They’re also incredibly expensive. If they aren’t sold privately, Yin and Yang will likely be auctioned at Sotheby’s Diamonds in the coming months. Early estimates suggest they should fetch at least $18 million.
“The real Holy Grail comes when transactions as low as 1 cent become doable. Why? Because then it will be possible to charge for things that we get for free now.”
This is brilliant. I think the pieces are in place to make this happen. This naturally leads to the musing of the day:
What happens to a society where pennies are abundant?
I say bring it on! It won’t effect my trading none. In fact, it just may induce a beautiful trending environment that I, and many other traders, will simply take advantage of.
Tomorrow’s cover today: How to stop a currency war. Keep calm, don’t expect quick fixes and above all don’t unleash a trade fight with China.
The winning design of The Dollar ReDe$ign Project. Beautiful! And just as in all successful design there is deliberate rational for every design decision made — from the vertical orientation to the imagery for each bank note.
Why these designs?
We wanted a concept behind the imagery so that the image directly relates to the value of each note. We also wanted the notes to be educational, not only for those living in America but visitors as well. Each note uses a black and white image depicting a particular aspect of American history and culture. They are then overprinted with informational graphics or a pattern relating to that particular image.
- $1 – The first African American president
- $5 – The five biggest native American tribes
- $10 – The bill of rights, the first 10 amendments to the US Constitution
- $20 – 20th Century America
- $50 – The 50 States of America
- $100 – The first 100 days of President Franklin Roosevelt. During this time he led the congress to pass more important legislations than most presidents pass in their entire term. This helped fight the economic crises at the time of the great depression. Ever since, every new president has been judged on how well they have done during the first 100 days of their term.
“Money flows from the impatient to the patient.”
This is so true in all circumstances. Brilliant!