Transferring money across countries or currencies typically means paying a bunch of money in commissions and “exchange fees,” and that can be as much as 4% of a transfer. That’s nothing if you’re transferring small amounts, but it eventually hurts your pocket if you transact large amounts on a regular basis.
Gaming is certainly nothing new, but they are certainly getting a better foothold now that the internet has made it so much easier. Most people have had some experience with online games such as World of Warcraft or Farmville, and developers make money from people paying for membership or buying virtual merchandise.
We’ve been hearing about Artificial Intelligence (AI) since the 1980s. Because of the movies like “The Terminator” or “Resident Evil,” AI now has a bad image among most people on the planet.
One of the reasons why the finance industry continuously embraces the Ripple technology is because it reduces transaction costs and making processes way faster than any conventional banking system.
Investors planning to put up an online cross-border business should know that credit card payments are the most convenient way to complete transactions with customers abroad. Online merchants need to comply with Payment Card Industry Data Security Standard or simply PCI DSS.