Do repost and rate:
Two decades ago, the main financial agents for granting credit, visa and master, announced a new type of "credit": the prepaid shopping card.In fact, the credit card is born from paper, given to people who frequent high-end restaurants, in an attempt to retain them and always keep a table reserved for this customer. The "Dinners Club", as a credit card, appears on the market to give status to this condition.The nature of a credit operation, as a card, is proof of trust between the contracting agent, in this case the borrower and the contracted agent, in this case the bank or financial institution. The loan operation, with a pre-fixed condition, supported by the client's financial balance, offered the bank two advantageous conditions: money sequestration in case of non-payment and search for a new intangible product: social status.Having a credit card was, in the 50s, 60s and 70s of the twentieth century, a condition of being at the top, of having social ancestry.IN the 1980s, with the strong decline of the global economy, especially in the United States, defaults increased and, to leverage this product, banks began to target the economically active middle class, which kept the economy still functioning. To guarantee credit, institutions only increased interest rates and payment times, certainly making life easier for citizens and earning even greater profits.This modality, in some banks, is the main feature of working capital maintenance until today. But, this modality also broke many banks in the 90's of that century.They needed new customers: the less affluent.Since offering credit to those who had almost no money was worrying, the banks, which by that time had already dominated the credit card sales market in the world, invented a way to give access to these new customers: the prepaid card. paid out. It's not even credit, because without putting money first, you don't have "credit". However, it transformed normal money into being able to pay for purchases in installments - a form of credit, at last!In the 21st century, the idea turned digital purchases into platforms: today everyone, from games to google, from playstation to apple, makes prepaid cards available for consumption on their platforms.In early June, following this new bias, Google and Apple confirmed a partnership with cryptocurrency broker coinbase.This allows users to add cards from their accounts to the digital wallet systems operated by the two technology giants.The COINBASE card added to wallets can be used for everyday purchases with digital currencies, the largest cryptocurrency exchange in the United States said.The digital wallet automatically converts the cryptocurrencies into dollars and transfers the funds to the user's Coinbase card, so he can use it for purchases and withdrawals from ATMs.Along the same lines, PayPal also recently announced that it will allow US users to use digital currencies for online payments, expanding the use of cryptocurrencies in everyday commerce.Now, in early July, US regulatory agencies have granted temporary authorization for such transactions to be carried out.The final one comes out at the end of the year, if there are no incidents of fraud or illegalities in these trades.Another excellent news for cryptocurrencies, their brokers and the entire system to start making their way back: from digital to real.In fact, in the statement, there were doubts and attentions about the valuations and devaluations of cryptocurrencies in the inflationary impact.That's not all, but it's another step towards reliability.Let's go shopping?
