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Retail disrupters in the Middle East to look out for in 2022

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As the world emerges from the social restrictions of Covid-19, we profile four of the most forward-looking entrepreneurs who are driving cutting-edge innovation in the retail sector across the Middle East. These disruptive CEOs range from shopping mall development executives to high-end jewelry entrepreneurs and are changing the way we look at the modern retail industry.

Meshaal Bin Omairh, Al Othaim Investment Co.

Mr. Bin Omairh joined Abdullah Al Othaim Investment Co. in 2021 as Group CEO. His status as the first non-member of the eminent Al Othaim family to lead the company reflects his extensive 25-year experience of corporate governance, organizational development, and capital optimization. He has led multinational companies and worked with some of the largest companies operating in KSA including Rajhi Steel and Aljazierah Home Appliances.

The responsive and pioneering nature of Mr. Bin Omairh’s leadership is fundamentally rooted in his dedication to making Al Othaim the 1st choice community shopping and entertainment destination in the Kingdom. His ambitious vision for Al Othaim shopping malls goes beyond providing a communal meeting place, instead aiming to offer a fully interactive and truly integrated experience to all tenants and shoppers through the development of mixed-use retail space.

Retaining the values of a family business and establishing industry-leading HR standards is at the forefront of Mr. Bin Omairh’s trendsetting socially minded vision for the future of Al Othaim. Fully tuned into the determined momentum of social and economic reforms in Saudi Arabia, the CEO aspires to, for example, integrate women throughout all levels of the organization and to create an ambitious socially responsible shopping experience which will improve Saudi nationals’ quality of life, in line with Vision 2030.

Stephen R Thomas, Renaissance Services

Mr. Thomas joined Renaissance Services in 1998 as CEO. He has extensive international retail experience, having worked with Grand Metropolitan Group, and served as Chairman for the Oman Society for Petroleum Services (OPAL). In 2019, he won the Top CEO Award at the Fifth Top CEO Conference Awards in recognition of his contribution to the growth, profitability, and corporate governance of Renaissance Services.

Under Mr. Thomas’ leadership, Renaissance Services has continuously evolved to stand at the forefront of emerging technologies and provide meaningful innovation for the businesses they serve. The company has gained significant expertise handling cutting-edge technologies, such as robotics for cleaning, computer-aided FM, and advanced remote monitoring solutions. In addition to these technological solutions to practical issues, the company is dedicated to developing advanced solutions for food wastage and nutrition management.

As of 2020, Renaissance Services had invested over US$ 500 million in Oman, and provided employment for 2,350 Omani nationals, demonstrating its commitment to local growth, building potential and creating opportunities. In 2010, Mr. Thomas was appointed OBE for services to international business and to the Omani community.

Asil Attar, Damas Jewellery

Starting her career as a salesperson for the luxury retailer Harrods, Ms. Attar has developed a reputation as the “godmother” of fashion retail in the Middle East, with an awe-inspiring track record of increasing revenue in the multiple senior roles she has held in MENA-based companies. In fact, Ms. Attar was the first female CEO of many of those companies, such as AlYasra and Damas Jewellery.

Despite having been in the retail industry for around 30 years, during which she worked her way to the top of some of the most high-profile British fashion brands such as Whistles and Jigsaw, Ms. Attar continues to innovate with her trailblazing work ethic. The CEO stands as a beacon of inspiration not just to career-driven women but to retail professionals of all kinds, proving that with dedication, passion and a rock-solid work ethic, there is no limit to what businesspeople can achieve: Ms. Attar has also served as opening speaker and panelist for many conferences across MENA and hosts the wildly popular entrepreneur podcast “Turban Times”.

There is no sign whatsoever of Ms. Attar losing any momentum as she continues to accelerate onwards with her exciting ambitions and cutting-edge projects. The CEO already has an incredible array of awards under her belt: as an example, she was named one of the top 100 most influential Arab women in 2018 and one of the top 50 international CEOs from the Arab Region in 2019 by Forbes Middle East.

Ishwar Chugani, Giordano

Mr. Chugani is Managing Director of Giordano Middle East FZE and Executive Director of Giordano International. He has been leading Giordano for the past 26 years and has over 40 years of retail experience in the Middle East region and received the 2019 Retail Professional of the Year Award from the Middle East and North Africa Shopping Centre and Retailer Awards for his pioneering work in directing Giordano’s expansion to global markets.

Continuing to innovate even after four decades in executive roles in the retail industry, putting customer shopping experience at the forefront of his focus with multiple new stores in the pipeline. He is developing fresh, cutting-edge store plans to redefine the simplicity of design for which Giordano is renowned, whilst still providing the standard of high-quality apparel at great value which draws customers to the brand. These pioneering store designs will also embrace energy-efficient LED lights which preserve customer experience whilst reducing carbon footprints.

Despite Mr. Chugani’s core principle “keep it simple” the CEO has demonstrated that he does not shy away from innovation, always moving to reinvent Giordano and stay ahead of the curve of current trends. He has fully embraced the dynamic nature of retail in the Middle East and aims to make Giordano accessible across all geographies and cultures. Giordano International currently operates 2,400 stores in 40 countries, and Mr. Chugani is also a founding member of the Middle East Council of Shopping Centers and Retailers and The UAE Retail Business Group.

Are robots and drones the answer to supply chain challenges

Though relatively rare sights on our high streets, trundling along pavements, almost inconspicuous in the crowds of pedestrians, odd-looking robot delivery carts could in future become as common as dispatch riders or even parcel vans.

The rapid expansion of e-commerce during the pandemic coupled with advances in automation have spurred growth in the autonomous last-mile delivery sector – the use of robots and drones to ferry goods from depot to customer.

Last-mile delivery is an expensive and inefficient part of the supply chain, largely because it is conducted in congested urban environments and incurs high labour costs. And it is also believed to account for more than 20 per cent of pollution in cities, a figure likely to increase in the coming years as demand for last-mile delivery is expected to grow by 78 per cent globally by 2030.

It is against this background that automated solutions to the final, problematic stage of the supply chain have begun to emerge, with some of the biggest retailers and parcel services in the world employing largely battery-powered robots and drones. At the same time,  an array of start-ups are developing the former and the latter. And demand for their services is growing. Indeed, the market for autonomous delivery robots, valued at $17 billion in 2020, is expected to more than triple by 2026.

Some of  the technology used in driverless cars and mobile warehouse robots is being employed in robot couriers, which were originally used on campuses for delivering food to students. Pandemic lockdowns and social distancing saw a surge in e-commerce which combined with consumers’ increasing preference for same-day or next-day deliveries have provided optimal conditions for these new dispatch services. And as e-commerce competition grows, their role in improving efficiency in the last-mile supply chain ecosystem could prove to be critical.

The technology is already well-advanced, with robots possessing sensors, such as cameras, radar and GPS to facilitate navigation, says the Economist. It points out that their progress can be tracked on a phone app – which also unlocks them for goods to be retrieved – and ‘telemonitored’ by people in a control room who can take command.

Retail giant Amazon has been deploying its Scout autonomous delivery device in a number of US cities and last year announced plans to further develop the technology in Finland and the UK. Meanwhile, not to be outdone, Amazon’s great rival Alibaba, revealed last autumn that its own robot, dubbed Xiaomanlv or ‘small donkey’ in Mandarin, delivered more than one million parcels in China within a year of its launch.

In an effort to assist retailers’ last-mile operations, FedEx has developed a robot, the FedEx SameDay Bot, to enable companies to accept orders from customers living nearby, with the capacity to negotiate steps to deliver straight to the door. Some British and American stores have been rolling out their own services. For example, in the UK, the Co-op supermarket announced last year plans to more than double its pool of robots to 500, serving several new towns and cities. US regional grocery chain Safeway has piloted its autonomous cart in northern California, while another food retailer Save Mart has expanded its own service in the region.

Also in its infancy, and possessing equal, if not more, potential, is the use of drones for last-mile delivery, especially in remote regions poorly served by transport infrastructure. Drone technology is already quite sophisticated, with a number of applications, including for search and rescue, the monitoring of crops and livestock and, controversially, the military. In terms of the delivery of goods, drones have several benefits, notably a lower environmental impact than ground-based delivery methods and are possibly speedier and less costly, the latter seemingly resonating with some online shoppers.

The technology’s potential is now being developed by several companies. Amazon and UPS have received US Federal Aviation Administration approval for their drone models. Amazon is currently “flying and testing”  its Prime Air service, while UPS last year began ferrying Covid vaccines to a hospital in North Carolina.

Specialist drone operators, meanwhile, are making great strides. Wing, an Alphabet subsidiary, completed more than 140,000 deliveries to its customers in the US, Australia and Finland in 2021. And Silicon Valley startup Zipline has been gaining a reputation for transporting medicines, vaccines and blood products in Africa. As of March 2021, it had made more than 50,000 flights in Ghana.

For both robots and drones, however, there are regulatory challenges that need to be met before they become more established and accepted shipping methods.

Several US states have passed laws permitting robots to operate on pavements, but there has been push back from some cities. Critics include the association representing city transport officials across the US, which has called for them to be “severely restricted if not banned outright”, concerned that they could make walking increasingly difficult. For drones, the issue of safety is more acute. Law firm Reed Smith points out that current regulatory limitations in the UK, European Union and the US restrict “how close drones can fly to people”, which, it says, limits the possibility of introducing drones into urban areas in the near future.

These are still early days in the use of both robots and drones in the last-mile delivery ecosystem. Technical innovation combined with planning that integrates them into urban transport architecture could address regulatory objections as well as any lingering consumer doubts about their reliability.

More and more evidence of their utility and economy is emerging, with key players in the logistics industry persuaded that they are worthy of investment. There may be setbacks along the road to wider adoption, but it seems inevitable that it will happen.

Mileson Qiang Guo is an entrepreneur and investor, and the founder of The Institute for Emerging Technologies and Social Impact (ITSI). He founded ITSI to foster debate and discussion about the social impact of emerging technologies amongst industry pioneers and policy leaders. The Institute aims to cultivate original research, share ideas and connect people with the shared goal of harnessing technology for the greatest social and economic benefit.

How to exchange Ripple to COTI?

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At the moment, there are several thousand cryptocurrencies in the digital universe. Ripple is a peer-to-peer ecosystem with a differentiated registry, which unlike Bitcoin doesn’t use Blockchain technology. The Ripple is a classic design that allows the exchange of values within its borders without the availability of funds and third parties. This cryptocurrency performs multi-stage exchanges from one user to another. Currency of the Internet (COTI) — an online currency that aims to create a scalable decentralized payment network for global trade.

You can exchange ripple to coti in any online exchanger. Many offices provide good conditions for buying cryptocurrencies with maximum benefit.

What are the COTY and RIPPLE platforms?

COTI is a decentralized payment platform with the same token, allowing anyone to make instant payments with a near-zero commission. The platform operates on a unique distributed DAG registry, which has no blocks, unlike other cryptocurrencies working on the blockchain. This is the main feature of COTI that allows the platform to scale: the network has a large bandwidth of up to ten thousand transactions per second.

The main features of the COTI are:

  • almost zero commission for all users (both buyers and sellers);
  • the ability to make micropayments;
  • no network overload;
  • high throughput and instant payments;
  • network security;
  • support for cross-border payments.

Ripple is a commercial technology platform with its own cryptocurrency (XRP). The uniqueness of Ripple lies in the ability to perform any operations, especially with several currencies at the same time.

Among the advantages of the platform, users highlight the following:

  • the highest transaction speed;
  • high level of protection against hacker- and cyber- attacks;
  • ripple coins aren’t exposed to injection;
  • minimum transaction fee;

Both platforms are actively developing and have broad prospects for the future.

Exchanging XRP to COTI

If you want to exchange cryptocurrencies quickly, you need to go to the main page of the transaction and perform the following actions there:

  • select the coin you would like to exchange and the number of coins;
  • specify the cryptocurrency you want to buy;
  • write the wallet address for crediting coins;
  • deposit the amount to finish the exchange.

The service will offer you the most favorable offers for the cryptocurrencies exchange.

Risks and Rewards of Taking Out a Business Loan

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The risks and rewards of taking out a business loan are obvious, but the decision is not always so simple. A business loan can help you make your business dreams come true. But unlike growth funding it can also land your business in hot water if you’re not careful.

When taking out a business loan, there are a few things to consider that will ultimately determine whether or not you should take the loan out. We will look at what these considerations are and how they can help you determine if the risk is worth it.

How to Evaluate the Risks and Rewards of Taking Out a Loan?

Taking a business loan is a risk, but it can also be a great opportunity to make a breakthrough in your business. If you take the time to assess the risks and rewards of taking out a loan, then it can be an investment that will pay off for years to come.

There are several risks and rewards associated with taking out a loan. On one hand, it can help grow your business by funding projects that might not have been possible without it. On the other hand, there are many risks that come with loaning money such as not being able to repay the debt or defaulting on the agreement.

You should think about what you are investing in, how much you are investing, and how long your investment needs to last.

The first step is to research what kind of money-making opportunities are available as well as how much you will need to borrow. To find this information, you should look at your financial statements or talk with your accountant or banker. You should also review the interest rate and how long the repayment period is before deciding if this is a good opportunity for you. The next step would be to determine what type of loan would best suit your needs – whether rates are high or low etc.

Risks of Taking Out a Business Loan

Business loans are used for a variety of purposes including: start up capital, acquisitions, equipment purchases and renovations. In fact, according to the SBA, small businesses average more than $10 million in loans over their lifetime.

While business loans can be a great way to get money when you need it, they also come with numerous risks. Not only that, but there are many financial pitfalls that are set out below:

➔    Interest Rates

Interest rates on these loans can range between 5% and 25% depending on the loan type. These high interest rates translate into a lot of debt if you are unable to pay the loan back in a timely manner.

➔    Repayment Terms

There is an increasing number of businesses that are taking out loans to fund their investments or start-ups. However, some business owners do not fully comprehend the implications of the repayment terms.

These varied repayment terms can range from short-term to long-term, low-interest rates to high-interest rates, and short repayment periods (e.g., monthly) to long repayment periods (e.g., 5 years).

➔   Collateral

With the current political climate, collateral might be a sticking point when it comes to obtaining a business loan.

The decision on how much collateral is needed will depend on the type of business you are running. The level of risk that your company poses will also determine whether or not there is collateral involved in taking out a business loan.

➔   Credit score

The risk of credit score is one of the biggest risks of taking out a business loan. If the risk is too high then many banks will reject your loan application and you won’t be able to start your dream business. Banks want people who are trustworthy and who can pay them back on time with cash on hand at all times, not someone who is always dealing with debt.

Rewards of Taking Out a Business Loan

Taking out a business loan may seem like an intimidating thing to do. But there are so many advantages to it!

Taking out a business loan can help entrepreneurs achieve their goals, which they would otherwise not be able to do without the loan. It also provides an opportunity for entrepreneurs to invest in their businesses with increased profit potential. Furthermore, it helps companies have more options for expansion and growth.

There are many benefits to taking out a business loan and some of them are as follows:

➔    Less pressure for startup companies

The changing economic climate is driving more entrepreneurs to explore alternative funding options for their businesses. Usually, these entrepreneurs are encouraged to take out business loans, but now there is less pressure for startup companies by taking out a business loan.

Taking out a business loan is not the only way for startup companies to obtain funding. There are many other ways like bootstrapping, non-dilutive funding or using equity crowdfunding (i.e. taking the money from an angel investor).

➔   Better capitalization

In order to raise capital, many businesses take out loans from financial institutions. This is often done with the intention of increasing liquidity. Once the loan has been paid off, the business will have more money to spend or reinvest back into their business. It can also be advantageous because interest rates on loans are usually lower than credit cards and other types of debt, which could lead to better cash flow and less risk for entrepreneurs.

➔   Easier to get money when needed

A business loan can be an excellent way to get money when needed for a business. A business loan is the quickest way to get cash into your bank account when you need it.

One of the most popular reasons businesses needs a loan is because they are in expansion mode and need cash in order to make purchases or service contracts. Another reason for taking out a loan is if they are in rapid growth mode and need cash for marketing purposes.

Conclusion:

A business loan can be an important part of your company’s growth. Before you apply for one, however, you should know the risks and rewards associated with taking out a business loan.

Why You Must Complement Your Email Marketing With Live Chat

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If email marketing is not working, then Fortune 500 brands will not touch it with a ten-foot pole. But the fact that Walmart, Amazon, Apple, BuzzFeed, and a lot of other Fortune 500 brands are utilizing the email marketing strategy shows there is a lot of good in the marketing method.

Statista projects that there will be 4.3 billion global email users in 2023. If you add this to the fact that for every $1 you spend on email marketing, you can expect an average return of $42, there is no reason why your brand must not integrate email marketing.

It’s important to note, however, that no single innovation can solve all the problems in the marketing world and even though brands spend billions of dollars on digital adoption, 80% of consumers switch brands due to poor CX . Sometimes, we may need to re-strategize. For instance, emails may not suffice for a real-time experience and we will then need a live chat.

Live chat is fastly becoming the most popular means of communicating with customers. And this is largely due to the growth we are experiencing in messaging apps and automated bots.

The opportunities businesses are deriving from the live chat are mostly felt by customer support and marketing. Businesses are quickly catching up with the idea that live chat is much more than just a budget-friendly support channel.

Businesses globally know that marketing their products or services by email is a fast, flexible, and cost-effective way for the acquisition of new customers and also the retention of old customers by encouraging repeat website visits.

With email marketing, brands go on to create targeted and personalized messages. They are also able to segment customers based on certain characteristics and even automate emails.

The essence of all these is to build an understanding that can blossom into brand loyalty with the customers. You should, however, be very careful in how you use email marketing.

When you send marketing emails that are irrelevant, too frequent, disturbing, or unwanted, your customers will find it irritating and annoying. In the world of spam, you need to understand what your customer wants before sending out the message if you do not take this precaution, your messages may be deleted and the customer churns or unsubscribes.

When your emails go to the targeted audience, your click-through rates will significantly improve.

Why do you still need live chat?

Going by the fact that we have email marketing automation, whereby a marketer can send triggered or timed promotional emails to subscribers on their mailing list, there shouldn’t be a need for live chat. 

Even though marketers can use email marketing automation to send out personalized messages to both prospects and customers on a schedule, it can’t be compared to live chat, which improves your customer journey by offering customers quicker service, faster resolution, and greater flexibility.

With live chats, you don’t have to wait on hold, responses must be in real-time. The average reaction time for humans to a visual stimulus is 0.25 seconds and 0.17 seconds to an audio stimulus. Going by this data, you should expect a service agent to resolve a customer’s pain point in about 60seconds.

With apps like Live chat Shopify, you can even respond faster to create convenient communication channels for customers who can contact you while browsing your website no matter where they are.  The most important thing is that live chat is convenient.

Whether it’s the support team or the customer, you can carry on working, shopping, eating, or whatever you were doing while having a chat conversation. This is one customer service that is tailored to suit everybody, notwithstanding your lifestyle.

You may be confused on how live chat will be useful in the acquisition of customers; that is why it needs to complement email marketing. The whole idea will be to contact potential customers with email marketing and sustain them with live chat.

The potential customers can even be from your competitors who you got to know while conducting sentiment analysis of product review data. Millions of people around the globe today find it very easy to express their feelings on products and brands through the internet.

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They can do this in a Yelp review, in a Twitter thread, or a Facebook post. It’s your business as a brand to intercept these online “conversations,” so that you can learn more about your customers and users, as well as the customers of your competitors in the market.

The initial means of contacting a customer or potential lead will be through email and you then switch to live chat for subsequent discussions. This will afford you the opportunity of offering real-time support to your customers.

Chat is not a complicated channel to install and manage and you need to install it because customers value personal and instant means of interaction The most important thing to customers is the opportunity to speak to a real person; they may do it through a phoning system or live chat support.

Nobody wants to wait for a delayed reply, and studies reveal that consumers prefer live chat support. This is even in the face of the popularity of social media as a means of expressing customers’ sentiments and opinions. Live chat offers customers immediate help while requiring minimal effort.

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Live chat is a means for you to answer questions and address your customers’ pain points when they need your help most. Email marketing alone cannot do that and even where it’s done, it can’t be in real-time.

You can make use of a CTA to inform your visitors that they have the option of using live chat when they visit your website.

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When sending emails, explicitly tell them that live chat will be available during the purchase process in case they encounter problems.

Conclusion

Your customers want to be recognized. You must, therefore, see them as individuals, not as ticket numbers. They become irritated when you make them repeat themselves endlessly.

By complementing email marketing with live chat, you will ensure a consistent, unified approach to customer service that is also personalized and proactive.

Digital Transformation in 2022: Trends, Predictions, and Insights

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The tech ecosystem seems to be constantly changing as digital technologies continuously disrupt how brands and consumers interact. It might be a strange time for many traditionalists who struggle to predict the next frontier. However, when in doubt or confusion, the most brilliant individuals use others’ knowledge to gain their profits.

Digital Transformation is a wave of changes that promise to make our lives better and improve the backbone of institutions. However, there is a growing wave that the system is broken, and the way to fix it is decentralization and setting up systems of accountability. 2022 is a year of reform within the business class and better services for the consumers.

This article summarizes all the knowledge of technologists to determine Digital Transformation in 2022: Trends, Predictions, and Insights.

1.   Semiconductor shortage

While there will be more digitization insight, a significant roadblock that continues to be a limiting factor is semiconductor shortage. Companies have had a tough time meeting the demand, which has led to companies shifting to older processor nodes. Furthermore, some products such as car machinery have to reduce the number of semiconductors they planned to install initially. It will continue to be a significant roadblock for years to come.

Other issues arising are geopolitical factors that will continue to contribute to the lack of necessary materials across the chain. It will be a hiccup in the digital transformation for companies but won’t create a long-term downturn in the trend.

2.   Greater privacy concerns

A significant growing trend that we will essentially see a repeat is GDPR and other government authorities clamping down on data. Governments will consistently ask companies to adhere to more excellent regulations, creating a skirmish. For example, early in the year, the European Union decided to clamp down on Google Analytics, setting the tone of a trend over the year.

A more significant amount of compliance will lead to slowdowns in the digital transformation but ultimately positively for the ecosystem.  

3.   Metaverse and VR revolution

The word Meta and VR has become more mainstream with the office spaces, socializing becoming more virtual. Big tech has now made a significant bet on these two platforms, and they are experimenting with digital properties on sale. As a result, a whole new platform level in the digital arena is being unlocked; the upsides can be huge in the long term. However, there is still some debate with detractors questioning the value of underlying assets and their overall volatility.

There is still much to explore within the realm and how businesses can further reach out to their users. The use of AR will also see new experimentation as a whole new digital layer over the physical world.

4.   AI continues to be dominated.

Artificial Intelligence will continue to make leaps and bounds in its progress, with the AI-based hardware accelerating the progress. Alongside the AI revolution, automation will continue to cut down on the person-hours spent on repetitive tasks. The mix of data-based training AI solutions will dominate the way Businesses will serve customers and business partners.

Companies are already integrating AI and team workers to integrate, boosting their productivity significantly. More emphasis will be placed on predicting the customer’s decisions by the precious datasets. Enterprise will apply it all across the ecosystem, and the systems in place will advance the progress of Digital Transformation.

5.   Cybersecurity concerns

Digital transformation is not sunshine and rainbows as more significant vulnerabilities will get abused by criminals. Businesses will invest further to improve their security protection and root out the vulnerability. More ransomware will require greater cooperation among the feds and authorities. It will continue to be an ongoing concern and require more significant learning across the ecosystem.

The use of cryptocurrency in cybercrimes will require new regulations in 2022.

6.   Blockchain gets bigger.

Blockchain already powers the new digital industry, but there’s still much to achieve regarding environmental impact. New techniques such as proof of stake are gaining steam to pivot from the high mining costs through GPUs. New forms of Metaverse and NFT landscape will further be powered by Blockchain, creating a great platform of security choice for consumers.

Many businesses, massive financial institutions, and startups from finance tech will play around with Blockchain tech. However, to make such a significant shift will take time and whole toolsets to be established. Nevertheless, 2022 will be the year many companies will lay the foundation for future large-scale changes and reforms.

Conclusion

2022 will be a year that will have some highs and lows for the Digital Transformation cause. There are many factors like Covid, geopolitical and environmental reasons why large-scale transitions have become faster and slower. Businesses will have to be quite agile to how things evolve and IT infrastructure thrive.

The digital transformation will significantly boost because of the need to compete with rising startup cultures. Some companies will shift to more hyper-automation methodologies before coming back to a mix of the two. Businesses and the world will get closer to each other with shared solutions rising all the tides.

Are You Earning Interest On Bitcoin?

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With inflation rates expected to exceed 7% by the end of 2022, investors are seeking strategies to outperform inflation through their investments. Several years ago, investors resorted to gold as a safe haven for storing money during inflationary times. However, more investors are now turning to Bitcoin to hold money in a rare asset that is widely acknowledged throughout the world. 

While owning Bitcoin is a wise investment strategy in and of itself, there are other methods to build your portfolio quicker than merely holding digital assets. The simplest method is to earn income on Bitcoin, which is available on various investing sites now. If you didn’t know about this or have not been earning interest on your bitcoins, this quick guide will walk you through all you need to know about earning interest on crypto. So, let’s get started. 

BITCOIN-INTEREST EARNING POTENTIAL:

The Bitcoin world is challenging to comprehend and manage, especially for newcomers. If you make a mistake, you might wind up losing a large portion of your money. On the contrary, if you are a passionate cryptocurrency investor who has been in the market for a long time, you will undoubtedly be aware of all the necessary tips and tactics. 

So, why not put your skills to good use and earn extra money? 

If the market is in your favour, you may easily make a passive income using crypto while still compounding your profits. A cryptocurrency owner will deposit their Bitcoin into an account on a cryptocurrency exchange site. These platforms benefit crypto enthusiasts by not only safeguarding their funds but also increasing the wealth of their consumers. This is how.

Earning interest with Bitcoin is similar to earning interest with fiat cash at a bank. Simply place your savings into an interest-bearing account, and they will grow by a predetermined amount. The interest is collected in the deposited cryptocurrency rather than in fiat currency, which is a significant difference. When compared to traditional banks, using Bitcoin to earn interest generates much better returns – mainly based on the interest rate chosen.

QUICK STEPS TO START EARNING INTEREST ON BITCOINS:

  • STEP#1: MAKE AN ACCOUNT 

The first step in earning interest on cryptocurrency is to open an account with a site that can assist you in earning interest. Look for a platform like ‘AQRU’, which offers competitive interest rates, is protected and transparent.

After you’ve opened your account, link it to your current bank account. In this manner, you can quickly utilise the cash to purchase cryptocurrency. Most exchange platforms currently provide an annual interest rate of 6 – 8.6 per cent every month. However, the sort of the cryptocurrency you pick is equally significant in this case.

  • STEP#2: COMPARE INTEREST RATES FOR VARIOUS CRYPTOS

The second step is to compare the interest rates on your account. After you’ve successfully made your profile, you’ll be able to see what interest rate you’ll be receiving through various cryptocurrencies. Bear in mind that the interest rate will vary depending on your chosen platform. For example, they may take a tiny amount of the interest you earn. Even if you have been investing with the same cryptocurrency, your interest rate may change in this scenario. 

In simpler terms, interest rates are just the floating rate rates on your savings account. As a result, your interest rate will fluctuate based on the demand for crypto loans at the time. Typically, leveraged crypto investors make such enormous market forces.

  • STEP#3: ADD CRYPTOCURRENCIES TO YOUR PORTFOLIO

Evaluate and select different cryptocurrencies that you think help you reach your interest-earning goals. Buy them using your savings account and add them to your portfolio. Just make sure the coin you select offers good interest rates because interest rates vary from coin to coin, as explained above. 

Stable Coins, for example, often provides interest rates ranging from 6% to 9%. However, specific interest rates are substantially higher, even exceeding 100%! This may appear to be a good thing, but high-interest rates also indicate high inflation rates. As a result, if you are a novice to the bitcoin market, it is ideal to have an interest rate of at least 25%.

  • STEP#4: START EARNING INTEREST

If you performed these three procedures exactly, you might now begin collecting interest on cryptocurrencies. So, sit back and see how your holding grows!

Expert crypto investors are especially drawn to the idea of earning interest with bitcoin. This is because they trust in the long-term value of cryptocurrencies, owing to the crypto interest account’s great potential for development. Assume you want to trade in Bitcoin with a $30,000 valuation at the beginning of the year. With this investment, you may receive interest that is double the value of the Bitcoin itself.

FINAL THOUGHTS:

Earning interest on bitcoin has grown popular in recent years. The high-interest rates available while earning interest on Bitcoin are a significant advantage. While most traditional savings accounts pay less than 1% yearly interest, most bitcoin savings accounts pay at least five times that rate. And because the interest is received in Bitcoin, if the price of bitcoin rises, so will the interest you’ve earned.

Should you remortgage with same lender?

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When it comes to remortgaging your home, there are two major ways in which you can go about it. You can either stick with the same lender and replace your existing mortgage deal with a new one or find a new lender and get yourself a new deal. Based on the interest rates and fees you are looking for and your circumstances, it is important to choose the most feasible option. Work with a reliable and capable remortgage broker to guide you in making the right decision.

Let us start by understanding is it good idea remortgaging with same lender:

Advantages of remortgagewith the same lender?

Saving on monthly payment and fees.

At least initially, remortgaging with the same lender helps you save a good amount of money. If your current deal is ended your monthly payment are gone up as you are on SVR.  But remortgaging to same lender often called product switch will save you on your monthly mortgage payments.

When you are not switching to a new lender, you may not need to pay an extra valuation fee as they are already well-versed with the value of your property.

You may also not be required a solicitor for legal works again and pay them their fees. Further, you can save money by not paying an exit fee/redemption fee to the lender as you are not switching lenders.

There are more benefits if you remortgage your deal before your lock-in period ends. In such cases, your lender may not charge you with early repayment charges if you change product within last 3 months of your fixed term ends.

Your lender knows the internal index-linked valuation of your property. Based on the new value of your property, they would provide you with available products to choose from.

Simpler procedure

The process of remortgaging with the same lender is called product switch and it is fairly simple as the lender already has all your basic details. As compared to making a new mortgage application altogether. Essentially, remortgaging with the existing lender is simple procedure of switching mortgage products without making material changes.

While a new mortgage with a new lender may take a few weeks or months to complete, remortgaging with the existing lender would not take more than a few days. This helps you save the time and effort you put into getting a successful mortgage.

No strict credit checks or paperwork

Unless you have not delayed your mortgage repayments the existing lender will not conduct strict credit checks while remortgaging. This saves you from going through a stringent procedure of getting your credit score evaluated.

Apart from credit checks, your existing lender will also be lenient documentation as they have already made those checks while giving you the first deal. Your existing lender will not ask for salary slips or bank statement again while remortgaging your loan.

Disadvantages ofremortgagingwiththe same lender

While remortgaging with your existing lender has its own advantages, here are some important considerations to keep in mind before you make your final decision:

Limited deals

When you engage with the same lender for remortgaging your loan, it may limit your options of getting a new deal. A specific lender can offer you only so many deals which may or may not be ideal for you. When you are not looking for a new lender, you may be missing out on new and cheaper deals.

Ideally, even if you are willing to stick with the same lender, it is advisable to be aware of the new deals available in the market before you make any decision. Your remortgage broker would help you look for the best deals in the market that help you save money.

Biased advice

No one is willing to lose their business and clients. When you are thinking about remortgaging your property and your lender comes to know about the same, they are likely to do their best to not let the deal go. This may lead to them giving you biased advice that makes you stick with them and refrain from switching lenders. This takes objectivity out of the equation and influences your decisions, especially if you are new in the market.

Therefore it is always important to work with a dedicated remortgage broker who would search the whole of market and prevent you from getting biased advice.

Missing out on introductory rates.

While remortgaging with the same lender allows you to save money initially, engaging with a new lender may provide you with introductory rates for new clients. Many lenders provide exclusive offers to new borrowers that include free valuation, cashback, no legal fees, and more. If you come across a new lender who is ready to provide you with such offers, make sure you compare the two situations with the help of your broker and make a right decision.

Missing out on a better LTV

In most cases, the existing lender does not conduct a thorough valuation of the concerned property when it comes to remortgaging. This may prevent you from getting the true value of your property. If the value of your property has increased significantly over time, remortgaging with a new lender would help you get a cheaper deal as the LTV (loan-to-value) of the property increases.

The Final Word

These were some of the most important advantages of remortgaging with an existing lender and aspects to consider before doing the same. Before you make your remortgaging application, make sure you evaluate every possibility and have knowledge about different deals available in the market.

Get in touch with our MariannaFS to see how they can help with your remortgage.

Powered Template: Simplifying Presentations for Everyone

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The act of sharing information and communicating efficiently with colleagues, clients, and peers has evolved many times since the emergence of Microsoft PowerPoint, and the rise of the internet. More recently, in the wake of Covid-19, the task of clearly communicating information to others has become more essential than ever before. 

Since the growth of the internet, Microsoft PowerPoint has ruled the roost as the world’s favourite presentation software, however, Google has created a formidable free competitor in its Slides platform. Elsewhere, Apple’s Keynote software has also been continually improving for users. 

Presentations have long been an effective way of sharing a wealth of important information with individuals in an engaging manner. But for many, creating visually striking, engaging visual content can be a challenge in itself. Many presenters aren’t graphic designers, and the effective use of colours, designs, and pagination aren’t a natural strength for them. 

Fortunately, one of the greatest perks of presentation software is the ability to utilise pre-designed templates. Powered Template is a huge resource of professionally created presentation templates that are compatible with the likes of Microsoft PowerPoint, Google Slides and Apple Keynote – they can also come with a range of different purposes and specialities. 

For many of us out there who can find it difficult to know where to start with a blank presentation screen, Powered Template may be a godsend. 

With this in mind, let’s take a deeper look at how Powered Template helps users to create engaging and resonant presentations without the stress of users having to build their content from scratch. 

Choosing from a Huge Range of Templates

Are you looking to create a company roadmap? Or perhaps you need to create a presentation specific to your industry, like real estate, legal, transportation, or construction? Maybe you’re looking to create a pitch deck for a VC. No matter the reason for your presentation, Powered Template offers a vast range of options to help get you started in the best possible way. 

Powered Template features a dynamic and intuitive menu bar which allows users to quickly find the type of presentation format, category, and slide volume that suits their needs. With over 25,000 PowerPoint templates and more than 1,000 themes for both Google Slides and Apple Keynote, the chances are that you’ll be well catered for in finding the right layout for your needs. 

The wide repertoire of presentation styles also covers the various forms of information that slides can convey. Users are capable of picking themes that feature pie charts, graphs, matrix charts, and tables that are easy to populate with data – allowing you to easily create engaging visuals that help to to share important information. 

Find Your Style with 100% Customisable Templates

The beauty of Powered Template downloads is that once you load the slides in your presentation software, you’re free to edit them in whatever way you like. This means that you can add your own branding, watermarks, diagrams, or personal touches however you see fit. 

At present, there are over 90,000 presentations available on Powered Template, and once downloaded, each selection can be edited as heavily or as subtle as the user would like. Though for free downloads, an attribution is generally required to remain on the template. 

Leading Customer Care

The quality of customer service offered by Powered Templates is second to none in the industry. As soon as you arrive on the website’s pages, you’re greeted with the option to start a live chat to speak to an agent on-hand to help with any queries that you may have. 

The website’s Contact Us section also features a range of helpful troubleshooting email addresses that are tailor suited to the type of query that you have – helping you to find the right member of staff in good time. 

Another great example of Powered Template’s excellent customer care comes in the form of its highly-flexible pricing structure. In the image above, we can see that users can buy subscriptions on a monthly, or annual basis. But for those who simply want to access slide templates on-demand, it’s possible to purchase 10 premium downloads which can be accessed at any point over the course of a year. 

Furthermore, Powered Template also has thousands of beautiful free to use templates that simply require accreditation on the template itself – meaning that no signup is necessary to gain access to a suitable template. 

The Beauty of Perpetual Optimisation

When you first take a look at Powered Template, it doesn’t take long to discover that the website is built on a vibrant community of slide creators who continually populate the platform with fresh ideas and eye-catching templates. 

When searching for templates, it’s possible to sort your results by ‘newest’ first – helping you to continually find fresh ideas to use in your next presentation. 

With new content cropping up on a daily basis, it’s little wonder that Powered Template is trusted by individuals and many Fortune 500 companies alike. With a steady stream of freshly optimised templates, you’re free to engage audiences and impress clients with new designs long into the future.

Best Games Reviewed by Gamers

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Casino games are one of the most popular forms of gambling in the world. There are many different types of casino games to choose from, but if you’re looking for a safe and reliable place to play, then you should check out online casinos. Online casinos offer the same exciting casino games that traditional brick-and-mortar establishments do, but they also have some distinct advantages when it comes to security & safety, accessibility/convenience, entertainment value/variety and more. Here we have a list of casinos that have a chance to become £20 free no deposit casino as they are constantly improving their global mark with their exceptional products and services. 

William Hill

This is one of the best casinos out there, which started back in 1934. The company was designed to provide a postal as well as telephone betting solution. But during that time, gambling was not legal and regulated. Since then, the company has come a long way to become one of the favourite bookmakers. It is licensed in Gibraltar and the UK, and the casino is certified with TST. 

  • Company: 888 Holdings PLC
  • Software Provider: Playtech
  • Licence: UKGC, Gibraltar Gambling Commission
  • Number of Games: 1000+
  • Deposit Options: Maestro, PayPal, Skrill, Neteller, Visa Electron, Visa debit, Webmoney, Fast Bank Transfer, Trustly, UseMyServices, Paysafecard, Bank transfer, Western Union
  • Withdrawal Methods: Visa debit, Maestro, Entropay, PayPal, Visa electron, Skrill, Webmoney, Fast Bank Transfer, Trustly, Trustpay, Paysafecard, Astropay, Bank transfer, Western Union

Unibet

Unibet is owned by Kindred Group, which is one of the largest companies in the gambling industry. It was established in 1997 and since then has garnered a strong reputation in the market. Unibet is not among the casinos with flashy and glamorous allure. But what the casino lacks in the glitz and glam, it makes up by offering a straightforward and intuitive betting experience. 

The platform provides comprehensive H2H stats, betting trends, predictor tools, and match facts. All these features and tools help players to improve their winning abilities. Moreover, you can filter the data in different ways, including teams, leagues, stadiums, matches, etc. 

An interesting fact out of this casino is that Unibet is the only bookmaker in Australia that gives back stakes post the signup. The UK-based gambling company is up-to-date when it comes to functionality. Moreover, you can enjoy live sports and bet on live matches. There are many providers the casino is cooperating with. Even if you used to play the Las Vegas casino, you won’t be disappointed by the assortment presented on this platform.

  • Company: Kindred Group
  • Regulation/ License: Malta Gaming Authority, UK Gambling Commission
  • Software Provider: Microgaming, NetEnt, GTS, Nyx Interactive, Play’n GO, IGT (WagerWorks), Jadestone, Genesis Gaming, Quickspin, Relax Gaming, Thunderkick, Push Gaming, Skillz Gaming Blueprint Gaming
  • Number of Games: 500+
  • Deposit Options: Debit Card, Credit Card, PayPal, Skrill, Neteller, PaySafeCard, Bank Wire, Entropay
  • Withdrawal Options: Debit Card, Credit Card, PayPal, Skrill, Neteller, PaySafeCard, Bank Wire, Entropay

888 Casino 

This reputed casino was established in 1997, and presently it has more than 70 million users. 888 Casino is known for extensive exciting games that are accompanied by excellent quality and security. There is a massive assortment of casino games that can cater to the needs of different types of players. 888 Casino has developed its own software, which is regularly updated. 

Coming to the mobile experience, the developers manage to provide a seamless and responsive experience on any screen. It has received an approval seal from eCOGRA, meaning all the games are certified for authenticity. 888 Casino has received its licensing from Gibraltar. While the game selection is limited in comparison to competitors, each game assures top-notch quality. Moreover, you will find most of the popular table and slot games here.

  • Company: Cassava Enterprises Ltd.
  • Regulation/ License: Licensing Authority of Gibraltar
  • Software Provider: Microgaming, Evolution Gaming
  • Number of Games: 270 +
  • Deposit Options: Visa, MasterCard, and other debit cards, Neteller, EntroPay, iDebit, PayPal, Skrill, and Wire Transfer
  • Withdrawal Options: Visa, MasterCard, and other debit cards, Neteller, EntroPay, iDebit, PayPal, Skrill, and Wire Transfer

Jackpot City 

Jackpot City Casino is another popular casino in the world, which was established in 1998. It is licensed under the Malta Gaming Authority and received eC0gra fair play certification. The platform is known for its generous bonus for new players worth $1,500. Although there is a 70x wagering requirement, it still gives new players a great start and the possibility of winning jackpot. Along with the welcome bonus, the site also gives you 2,500 loyalty points after you have signed up. 

There are 600+ casino games in various categories, including slots, table games, and live dealers. The casino presently has more than 3.5 million active users across the world. Jackpot City is responsively designed, meaning you can access the platform on iOS, Mac, PC, Android, and tablet. All the casino games of the platforms are powered by Microgaming, which is one of the leading software providers in the world. 

  • Company: Digimedia Limited Casinos
  • Regulation/ License: Malta Gaming Authority
  • Software Provider: Microgaming, Evolution Gaming
  • Number of Games: 630+
  • Deposit Options: Qiwi Wallet, WebMoney, eKonto, Bank Wire Transfer, Transferencia Bancaria Local, MasterCard, Visa Electron, NETELLER, PayPal, AstroPay Card. iDebit, Paysafecard, MB Multibanco, SEB Bank, Boleto Bancario, abaqoos, GiroPay, Teleingresso, Visa
  • Withdrawal Options: VisaElectron, ecoPayz, Visa, Courier Cheque, BancariaLocal, NETELLER, InstaDebit, MasterCard, eCheque, iDebit, Qiwi Wallet, Postepay, EntroPay, eKonto, WebMoney, PayPal, wire transfer, Yandex, Moneta.RU Transferncia, Cheque, Skrill, VisaDelta

Betway 

Betway made its presence in the online gambling landscape in 2006. It is one of the biggest online casino platforms with 400+ casino games to enjoy. Today, the platform has spread its presence across the world. Its game selection includes the popular Mega Moolah slot game, which features a massive payout worth $13.20 million. Microgaming is the well-reckoned software provider that powers all the games. 

And the software is updated continuously to provide a seamless experience. The platform is compatible with Mac and PC computers and provides flexibility, so you can enjoy gambling anywhere anytime. Moreover, all the games have been certified individually by eCOGRA for fairness. The live dealer casino games are backed by Evolution Gaming, which is an excellent live casino software provider. No matter which type of screen you are playing, you can be rest assured to get an excellent gambling experience. 

  • Company: Betway Group
  • Regulation/ License: Malta Gaming Authority (MGA) MGA/B2C/130/2006
  • Software Provider: Microgaming
  • Number of Games: 400+
  • Deposit Options: Visa, MasterCard, and other debit cards, Neteller, EntroPay, iDebit, PayPal, Skrill and Wire Transfer
  • Withdrawal Options: Visa, MasterCard, and other debit cards, Neteller, EntroPay, iDebit, PayPal, Skrill and Wire Transfer

LeoVegas Casino 

Leo Vegas Casino is a Malta-based casino owned by LeoVegas International. The site is accessible on desktop, but the company has put more emphasis on the mobile gaming experience. In 2014 EGR Innovation Awards titled it the Mobile Casino Product of the Year. There is no software required to play on this platform. Ensure that you run the games on the latest Flash player. 

It is the mobile experience where this casino stands apart from the competition. The app is not limited to a couple of games. Instead, you can play around 400 slot games on your mobile. Additionally, you will find a wide range of table games to enjoy as well. The LeoVegas Casino app is available for both iOS and Android devices. 

  • Company: LeoVegas Gaming ltd Casinos
  • Regulation/ License: Svenska Skolinspektionen / Malta Gaming Authority
  • Software Provider: –
  • Number of Games: 390+
  • Deposit Options: Visa, MasterCard, Neteller, Paysafecard and Skrill. Your deposits should be instantly available in your account.

Withdrawal Options: Visa, MasterCard, Neteller, Paysafecard, and Skrill

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