Indian Currency Shift From Print to Digital

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The end of Rs 500 and Rs 1000 announcements by Narendra Modi led to an increase in digital payments, thus helping India to evolve towards digital India. In the past few days, it has been found that the difficulties between people in buying goods for their livelihood after the ban on Indian banknotes like Rs.500 / – and Rs.1000 / -, resemble the nation which included more than a billion people realized the benefit of digital currency.

Looking on the Google Trends page, it seems that "buying Bitcoin" is rapidly gaining popularity. Bitcoins are a digital currency, manufactured by computers, whose prices are validated via a general ledger. Like any digital money, this money can be used to pay for goods and services, such as buying coffee, a package of food in a restaurant or even clothes.

Although digital currency has not yet matured, it has the power to play a key role in the future of financial services. As bitcoin and other related technologies grow in adoption, our financial system will rely heavily on a large centralized institution that has a globally distributed network. With the proliferation of the Internet, we have witnessed industries such as the media; software and communications have been transformed and reinvigorated. Sooner or later we will experience a similar revolution in financial services, where digital currency is constantly replacing our old, expensive and time-consuming systems and creating a whole new structure that facilitates payments, streamlines accounting processes and applies contracts with ease and scalability. . In this rapidly changing landscape, digital money can emerge as a value trade that strengthens the 'Internet of money'.

"There is no doubt that digital currency will play an important role in the future."

– John Donahoe, President and CEO of eBay

Cryptocurrency enthusiasts hope Bitcoin will sooner or later crowd out cash.

Millions of Indians have limited or no access to financial services through traditional means. This means that Bitcoin can meet a need, if need be. Benson Samuel, one of the most popular names in the Indian bitcoin community and co-founder of Coinsecure, welcomes the decision. He says: “This is very good for digital currencies in India because people will now be forced to look for alternatives to the storage value. Decentralized digital currencies will play a vital role in maintaining a variety of options for people who need to use the same. "

"People receive bitcoin discounts, instead of Paypal. They are able to liquidate them by paying only 1% transaction fees," said Sathvik Vishwanath, CEO and co-founder, Unocoin.

Governments around the world have recently announced that they are considering their own plans for digital currencies.

Manila-based Bitcoin wallet service provides consumers with direct access to basic financial services such as sending and receiving money, bill payment, remittances and mobile recharge from a Coins account. Customers with or without a bank account have access to online purchases from more than 63,000 merchants who accept digital currency.

Bitcoin and digital currency look to the future of the financial system, but the main challenge is to develop emerging technologies and deliver innovations to consumers and businesses around the world. In addition, the technologies should be as safe and easy to use as possible, and work with governments to find out how to allow these innovations to match the law.

What about your career and your business?

Emerging digital tools can allow organizations to focus not only on finding talent, but also on managing, retaining and developing employees. Digital portals for employees will be integrated with these tools, helping companies expand their employee database, refine their recruitment and selection methods, and deploy their employees more effectively. Such platforms can help put the right person in the right job, find skills gaps, help employees develop new skills, chart career paths, and spur the development of the next generation of leaders.

More than two million people could already be employed in the creative and digital sectors, contributing £ 137 billion to the country, but a report published by the British Jobs and Skills Commission (UKCES) in June 2015 has revealed that there were more vacancies in these sectors than in the rest of the UK economy. It also predicts that 1.2 million web development and programming jobs will need to be filled by 2022. Web developers and programmers are therefore in high demand, as fewer graduates choose to enter. the area.

Customers are better connected, because data connects everything that allows competitors and start-ups to outperform established players. Those who adapt their business model around the customer will win in the growing digital age. Businesses need to become more innovative and agile to be able to adapt to customer demands and market changes. This will allow them to increase customer engagement, develop employees and become more profitable. Ultimately, they need a business strategy for the digital age.

Learn how to sell in the digital age.

Selling in the digital age will help your salespeople maximize the power of digital marketing, stay ahead of the competition. The digital age provides online platforms, channels and systems that business owners and digital marketers use to optimize their online businesses. Business owners need to understand the current digital landscape and how it can drive the success and growth of their business. They should mainly understand the basic functions and principles of digital marketing analysis and what makes an effective brand strategy. Effectively use the power of digital marketing to identify prospects with social media, search engines, directories, blogs and Twitter. Find and develop qualified prospects into customers using the vast resources of the Internet. Interact with and retain current customers. Build continuous customer relationships.

We can get the most out of search engines

Social media can help you sell.

Get the most out of LinkedIn, a behemoth of business networking.

Use Twitter to sell and learn more about your industry.

Use the directories to quickly find the right people and the right information.

Use email campaigns to help your customers buy.

Write blogs to become an industry expert.

Build your personal brand online that generates inbound business.


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