money

Blockchain’s Role In Stopping Money Remittance Operations Scams

How Blockchain’s Unique Innovations Can Prevent Money Remittance Scams

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 It’s not uncommon to hear the stories of vulnerable people falling for online scams. You’ve also probably had an email telling you that you’ve won the lottery in another country when you’ve never applied. And, of course, there is the legendary Nigerian Prince scam. On the surface, these scams sound amateurish, but these operations are much more complex than you might think with large-scale cooperation. There were 2.2 million reports of fraud in the United States in 2020. The actual number is likely to be much higher, but some people are too embarrassed to admit scammers tricked them. Money remittance operations are particularly at risk because the differences between financial systems between countries leave space for malicious actors to manipulate.

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eCommerce Trends: What’s in Your eWallet?

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All of these systems paved the way for the advent of eCommerce. Imagine trying to buy something online if all we had was physical currency. It would effectively be impossible to process electronic transactions without these modern digital currency alternatives. This area is bound to explode in coming years as the desire for more electronic transactions collides with a desire for more electronic privacy.

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Delaware Currency

America & Money: Cool Facts About the History of Our Monetary System

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Since 1776, many things have changed dramatically in America. One of the most drastic series of changes has been in the way we conduct transactions using money. Believe it or not, the monetary system that is in place today would be almost completely unrecognizable to the founding fathers. Here are some cool facts about the history of our monetary system.

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Cryptocurrency: Is Bitcoin the Future of Money?

2 Comments / Economic Trends / By

Just a few short years ago no one had heard of them and now it seems like everybody on the Earth knows about Bitcoin. Bitcoin (a peer-to-peer electronic cash system) was first introduced in October 2008… In 2012, at InflationData, we published an article entitled “Civil Liberties Rest Upon Sound Money” about the new currency. Since then the use of bitcoins has grown astonishingly quickly. Being the prescient financial wizards that they are, in 2014 Robert Prechter and our friends at Elliott Wave International began offering their expert financial advisory and educational materials for sale via Bitcoins… Today there are some 14.6 million bitcoin units in circulation… One major problem with most currencies is that there is nothing to stop governments from printing an infinite amount of them. This erodes the value of the existing currency and can cause them to become worthless through hyperinflation like the currencies of the German Weimar Republic and Zimbabwe… Bitcoin is unique in that only 21 million bitcoins will ever be created.

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