Tag: Digital

Ripple – the digital currency designed for international transactions

To what extent may XRP be used to transfer money?

Ripple was created to facilitate the funds transfer between decentralized networks and the centralized databases maintained by financial institutions. XRP transactions are particularly well-suited for usage in international payments and transfers due to the fact that they are insecure, quick, and cost very little. First introduced in 2012, this digital currency sets out to do something unique in the cryptocurrency industry. You can improve your trading skills by choosing bitcoin360ai as your everyday trading platform.

XRP – How similar are they, and what is the connection to Ripple 

Ripple is a for-profit company that supports and produces XRP, the software that supports it (the XRP Ledger), and several other transaction-focused initiatives. XRP is a cryptocurrency. 

What do people do with XRP?

Ripple was developed to expand XRP’s practical uses. Over time, Ripple developed various solutions that facilitated the use of cryptocurrencies in international transactions; remittance giants like MoneyGram formerly employed Ripple’s services, but the relationship eventually dissolved. In addition, Ripple is compatible with the Interledger Protocol, which is a software framework that was developed to facilitate the seamless combination of cryptocurrency ledgers with traditional financial ledgers.  Although XRP is not required to use the Interledger Protocol, it can be linked to the XRP Ledger if desired. Similarly, to other cryptocurrencies, XRP may be utilized on the blockchain.

Just what makes the XRP Ledger so powerful?

It’s possible that the average cost of a transaction in XRP, $0.0013927, will stand out to savvy cryptocurrency investors. In many ways, the XRP Ledger is comparable to the Bitcoin blockchain network, even though it is not a fork of that network.

Instructions for Using XRP

The only barrier to entry for utilizing Bitcoin, Ethereum, and other cryptocurrencies is the creation of a wallet, which anybody can do. To reserve XRP, a new wallet address must hold 20 tokens. There are several different wallet options for the XRP network. To avoid paying the 20 XRP monthly storage cost, the majority of customers choose to keep their tokens on the crypto exchange where they were originally purchased. However, there are risks associated with keeping money on an exchange since they might potentially freeze your coins or be hacked.

Should you put money into XRP?

The volatility of cryptocurrencies, in general, applies to XRP as well. A minor investment in XRP might be beneficial if you anticipate that Ripple’s growth will continue. It is a riskier investment than buying equities, but if Ripple becomes successful, you could end up with a significant financial advantage. 

The Benefits of Using Ripple

 

  • Low transaction fees; now, a single XRP costs only 0.0001 cents.
  • Rapid transaction processing, often confirming settlement within 5 seconds.
  • Many significant financial institutions, like Santander and others on Main Street, use Ripple.

Ripple’s Drawbacks

 

  • The supply of XRP was pre-mined, unlike Bitcoin. It’s difficult to keep tabs on the value of XRP since investors have no idea when big amounts could be placed into circulation.
  • It’s not as decentralized as other cryptocurrencies since Ripple comes with a predetermined list of transaction validators.
  • The SEC believed that Ripple should have registered XRP as a security due to its discretionary nature regarding when it releases XRP. Because of this, certain businesses and markets are wary of it until the current situation is rectified.

Compare and contrast: Bitcoin and Ripple.

Ripple is very different from Bitcoin and fixes numerous problems with the conventional financial system. A single transaction can be completed in a matter of seconds using the XRP or Ripple money, in contrast to the Bitcoin system, which can take up to several minutes to do so. The XRP payment system is a protocol and technology for digital payment networks used by several banks. Miners who are paid in Bitcoin (BTC) constantly verify each transaction for their efforts.

Ripple’s XRP cryptocurrency is widely utilized for cross-border payments, asset trading, and money transfers. To confirm a transaction, Bitcoin and XRP both employ their unique protocols. As a bonus, XRP transactions are completed at a fraction of the time it takes to complete a Bitcoin transaction, making it a more attractive alternative. More XRP coins are in circulation on the market, and a unique distribution model gives XRP an advantage. 

Conclusion

The Ripple cryptocurrency has patched several holes in Bitcoin. Cryptocurrency exchanges are buzzing about XRP and Ripple’s transaction platforms. As one of the oldest cryptocurrencies, it has been used since 2012.

Most Important Benefits of Digital Signage for Business

The most important benefits are the ones you implement yourself. A digital sign isn’t a single-purpose tool. They are used for everything from orchestrating flash mobs to telling call center workers the average wait-holding time. To give you a clearer view of the most important benefits that digital signs offer businesses, here are a few use cases from other businesses.

McDonalds Let You Make Your Order

In the old days, you walk up to the person at the checkout, you make your order, they tell you to go away and wait, and then call you for your order. These days, you walk in and there are large (or small) digital signs. You make your order on their system in a similar way you do on their app. You then pay via a variety of methods (some in Europe even have cash slots). After that, you get a number (and sometimes a receipt) and they call you for your order. The digital signs are touch screen, and it has never been easier or quicker to order inside a McDonalds.

Moving People Around a Theater

The theater has famous comedians playing, and there are lots of people both arriving and leaving. The digital signs are placed in a wide variety of places. When the people are arriving, the digital signs direct people to their seating sections and to the bathrooms and perhaps the refreshments area depending on how big the crowd is. During the show, the signs only point to the bathrooms and offer updates for future shows. As the crowd is leaving, all the signs point to the car parks, and the ones nearer the gates or doors have schedules for the next shows of the same comedian and for other comedian’s shows. Thanks to products like Kitcast, it is easy to schedule these changes so that you don’t need somebody to manually alter the signs every night.

Demonstrating Large Items

If a company has a particularly amazing lawn mower, or something large, they show videos of the lawn mower in action. They show demonstrations, tutorials, and comparisons with other devices. Even though the customers are unable to see the product in action right now, they can see it under perfect conditions on the videos. In many cases, this helps the customers make their buying decision. What’s more impressive is that it lowers the demands on staff members because the videos do the selling instead of the staff members.

Selling in Store

Have you ever seen those people, usually in superstores, where they demonstrate things like knives? They show the seller cutting through a tin can, and yet the knife is still sharp enough to cut a tomato. Consider how easy it would be to sell if the person doing the demonstration could do exactly the same demonstration every ten minutes for a full eight-hour shift. A human would struggle with such a task, but with a digital sign, you can have your products demonstrated over and over again while in store. There are several selling networks and companies that have brought their TV shopping platforms into stores, and they have done it with digital signs. Put the products under the signs and let them do the selling for you.

Offer Stock Updates

The best examples of this were during the Covid pandemic when nobody could get any microchips, so things like the Playstation 5 were viciously difficult to get. You couldn’t sell them online because people were raiding parcels to find the consoles and steal them. So, all you did was put the restock notice on your digital sign in the window. Even small product drops would see people rushing into the store to buy. Plus, some savvy sellers would auction off the consoles, and others would only release three or four per day. That way, they trained people to keep checking their digital signs for stock drops. Training them to keep coming into the store to see if there were any Playstation 5s today.

UNICEF youth advocate Donnacha Lenehan meets Taoiseach to highlight growing online risks facing children

A UNICEF Ireland youth advocate today met the Taoiseach to highlight the growing online risks facing children. Sixteen-year-old Donnacha Lenehan spent the day at Government buildings with Taoiseach Micheál Martin to voice his concerns about issues like online privacy, disinformation and the mental health impacts of social media, as well as to call for greater protection for children online.

Like many young people of his generation, Donnacha spends much of his free time online, experiencing both its opportunities and risks. And as a passionate advocate for protecting children’s rights, Donnacha won UNICEF Ireland’s 2022 #KidsTakeOver competition and had the opportunity to share his message directly with the Taoiseach.

Speaking following the meeting, Taoiseach Micheál Martin said: “Digital and online platforms offer immense opportunities for social connections and learning, but they also pose challenges and risks, especially for our young people. I really enjoyed meeting Donnacha today and hearing his important message – that we should all be aware of the risks of social media, and work to ensure that every child is safe and thrives online. The childhoods that Donnacha and his peers are experiencing are profoundly different to those of the generations before them. We do need to reflect on how children and young people are being influenced and impacted by social media and everyone involved needs to be accountable and responsible for ensuring that children and young people are protected online.”

For Donnacha the meeting with the Taoiseach offered him a unique opportunity to highlight the experiences of children and young people online, “I was delighted to be able to share my perspectives and experience with the Taoiseach. As young people, we depend on the Internet. We use it constantly. We connect with friends. We work and play on it. We use it to create new things and to contribute to communities we are interested in. However, like most things, the Internet, and social media in particular, has its downsides. My main point today was that I feel social media is having a bigger impact on the real world than many people think.”

In a constantly changing online world, and with research into the impacts of online use still unclear, Donnacha feels strongly that children and young people need more protection, especially on social media. “We rely on social media to communicate and socialise. But that dependency also makes children and young people extremely vulnerable to scams, doxing, and cyberbullying, which is becoming a lot more common. Social media is designed to be extremely addictive and I question how positive that is for our physical and mental health. A real danger of social media is that is so new and we don’t fully understand how it works on our brains and the long-term effects it may have on us.”

In his meeting with the Taoiseach, Donnacha spoke about the opportunity that Ireland has, as home to many of the world’s leading social media companies, to take a lead on protecting children online from issues like disinformation. “Another big issue is disinformation. We’ve seen in recent years how it causes fear, hate, uncertainty and divides us during the most troubling times – potentially threatening democracy and our society. In many ways, our experience on social media is influenced by algorithms that are designed to meet the business models of the technology companies – not the interests of our society. However, many of these companies have their European Headquarters here in Ireland. And therefore, does Ireland not have a responsibility to ensure their practices meet the highest standards in terms of protecting children’s rights? We have the power to act and Ireland should lead, not follow.”

Heralding Donnacha’s message that all children should be enabled to thrive in a digital environment, UNICEF Ireland Executive Director Peter Power said: “Donnacha powerfully articulates some of the risks and dangers that his generation is experiencing online, and we commend him for raising these important issues with the Taoiseach today. More research is required to fully understand the impact of social media use on children. However, what we know is that Governments and social media companies must be accountable for children’s health and safety online. We thank the Taoiseach for welcoming Donnacha today, and we welcome the Government’s Online Safety and Media Regulation (OSMR) Bill 2022 currently going through the Dáil, along with the recent introduction of the EU’s Digital Services Act (DSA). These frameworks now need to be properly resourced in order to ensure companies fulfil their responsibilities and act in the best interests, and rights of every child.”

Donnacha’s #KidsTakeOver of the Taoiseach’s office comes a few days after UNICEF’s World Children’s Day on November 20. World Children’s Day is a day ‘for children, by children’, when children from around the world take over, as part of UNICEF’s global #KidsTakeOver initiative, key roles in media, politics, business, sport and entertainment to express their concerns about what global leaders should be focusing on.

According to UNICEF, around the world, children are going online earlier and staying online for longer. This is happening during a period when children are increasingly exposed to embedded and invisible technologies, including algorithms, predictive analytics systems, and even location trackers – that potential violating their rights.

Between 2010 and 2020, the time children spend online almost doubled in many countries. Recent research has found that the majority of children with smartphones report that they use them “almost all the time” to connect, especially on social media. Meanwhile, the numbers of children highlighting online risks is also significant. Globally, 1 in 3 children report experiencing online bullying. And in 2020, 33 per cent of girls and 20 per cent of boys in Europe reported experiencing disturbing content online at least once a month.

Protecting children online and increasing their access to digital learning and other opportunities is also a strong focus of UNICEF’s work all over the world, and UNICEF is helping build the evidence base on children’s digital rights to better understand how the digital transformation of society is influencing children’s lives and wellbeing.

Ministers Donohoe and Martin launch Tax Credit for Digital Games

The Minister for Finance, Paschal Donohoe TD, and Minister for Tourism, Culture, Arts, Gaeltacht, Sports and Media, Catherine Martin TD, have today (Monday) launched the Tax Credit for Digital Games.

Ministers Donohoe and Martin attended a launch event hosted by the digital gaming company “Black Shamrock” in the Guinness Enterprise Centre and formally signed the regulations to give full effect to the legislation. This follows approval of the credit by the European Commission in recent weeks.

The relief will take the form of a refundable corporation tax credit available to digital games development companies for qualifying expenditure incurred on the design, production and testing of a digital game. It will be available at a rate of 32% of eligible expenditure up to a maximum limit of €25 million per project. There will also be a per project minimum spend requirement of €100,000.

Ireland has an international reputation for excellence in the arts. It is Government policy to support the development of a vibrant media production and audiovisual sector in the State. The introduction of the Tax Credit for Digital Games aims to capitalise on the synergies with our established film and animation sectors to support the expression of Irish and European culture, and to support quality employment in creative and digital arts in Ireland.

In welcoming the measure, Minister Donohoe stated:

 “I am delighted to announce the launch of the Tax Credit for Digital Games. Ireland is already a world leader in other areas of the audiovisual sector including film, television and animation production, I believe that this credit will be instrumental in replicating such successes in the digital gaming sector. The introduction of this credit will ensure that Ireland is competitive in an industry that is estimated to be worth up to €260 billion.”

Speaking today, Minister Martin said:

“Digital games and growing employment and output from Ireland’s games sector is a key part of the Government’s Audio-visual Action Plan. The Digital Games Tax Credit will lead to support for the development of indigenous games companies along with increased investment from overseas games companies looking to locate in Ireland. Today is an important day for the expanding Irish Games industry and this Scheme will help to create jobs in the creative and digital arts in Ireland.”

Craig Stephens of Imirt, the Irish video games industry association said:

“The launch of the Digital Games Tax Credit is a huge moment for the Irish video games industry; it will welcome a new era of development creativity. This globally significant 32% credit will support our existing games development talent, plus attract major investment from overseas. Ireland is ideally positioned to secure more of the rapidly expanding $300 billion worldwide industry”. 

The regulations will now be signed by the Chairman of the Revenue Commissioners thereby allowing digital games development companies to apply for an interim certificate from the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media for a qualifying digital game. It is expected certificate holders will then be able to apply for remuneration under the credit from Revenue from 1 January 2023.

Esri’s digital mapping system enables Bord na Móna to rehabilitate precious peatland ecosystems

Esri Ireland, the market leader in Geographic Information Systems (GIS), is today announcing that its digital mapping system is being used by Bord na Móna to restore and rehabilitate 33,000 hectares of peatlands over a five year period.

Bord na Móna is a climate solutions semi-state body helping Ireland to achieve a net carbon zero future. Now that commercial peat extraction has ceased, the organisation is leading the way in restoring and rehabilitating precious peatland ecosystems. Having previously worked with Esri Ireland on other projects, Bord na Móna is now using Esri’s ArcGIS system to support and optimise its rehabilitation efforts.

Bord na Móna is currently planning or implementing rehabilitation schemes on 19 sites annually throughout Ireland. Using Esri’s digital mapping capabilities, its ecologists can analyse and examine the ground level to identify which rehabilitation measures are most appropriate on different areas of bogland. This enables them to devise specific map-based solutions such as drain-blocking or bunding to optimise hydrological conditions to re-wet peat and restore peatland function.

Through their collaboration, Esri Ireland has helped Bord na Móna transform their rehabilitation operations, as all employees have access to real-time information on a central system which saves time, helps to improve workflows, and allows constant updating. ArcGIS Online dashboards provide greater visibility on the progress of all projects, wherever they are happening in Ireland. Teams can also use the dashboards to generate automated, accurate reports for stakeholders, such as the Department of Environment, Climate and Communications, and the National Parks and Wildlife Service.

The technology also enables effective working in remote, wild landscapes, as apps can be used in the field to capture data. This eliminates the need for paper use and improves the accuracy of data collection. In areas with little or no mobile coverage, maps can be downloaded to mobile devices and updates synchronised later.

Michael Lenihan, GIS Manager, Bord na Móna said: “ArcGIS is engrained in our bog rehabilitation process. Using ArcGIS, we can quickly visualise the existing conditions across thousands of hectares of bogs using numerous datasets and design and implement the most appropriate rehabilitation measures to restore peatland function and deliver climate action benefits.

 “With ArcGIS Online, everyone sees the most up-to-date plans, whether they are working in the office or in a bog, and this helps to ensure that ecology plans are carried out as intended. Without the dashboards, we would have to spend a lot of time producing PDF maps and reports. Instead, we can output progress data in a matter of minutes.”

 Phil McLaughlin, Client Manager, Esri Ireland: “Having worked extensively with Bord na Móna, they knew that we were the natural fit to deliver on this next stage in their journey. Esri’s technology has provided the organisation with an effective way of analysing, capturing and storing data to help them renew and rehabilitate our precious peatlands. It is already starting to deliver very positive results supporting Ireland’s ambitious climate goals and protecting our rich biodiversity.

 “We look forward to continuing to strengthen our relationship with Bord na Móna as it carries out this vital work.”

Digital banking has not overtaken the demand for a more personal experience: 6 in 10 want face-to-face banking

Irish people want to conduct their main banking transactions with a human being and not a computer. This is the finding of a new survey from the Credit Union Development Association, which found that more than 6 in 10 people still opt for face-to-face interactions when opening a current account or accessing car finance, and 8 in 10 want to take out the mortgage with the help of either a lender employee or a broker (See Appendix).

The credit union representatives say indicates just how important face-to-face interaction still is with the public when it comes to banking.

The research, which surveyed 1,000 people nationwide found:

  • More than two thirds (65pc) of those who opened a current account over the last five years did so with in-person support from branch staff.
  • 54pc of those who opened savings accounts preferred to do so with in-person support.
  • Six in 10 (63pc) used face-to-face help when taking out car finance.
  • The vast majority (87pc) of those who applied for a mortgage in the last five years did so either in branch – or in person with a financial advisor.

Speaking of the findings, Kevin Johnson, CEO of CUDA, said:

“The preference for face-to-face interaction doesn’t surprise us and supports the decision of credit unions to retain this key service while rolling out their new digital channels for members. Choice in how to interact with a financial institution is imperative for consumers. It’s not ok that some banks appear to be trying to force their customers to fit into their lower-cost branch models, in an effort to boost profits for shareholders but to the detriment of customer service.

“Borrowing for a major purchase such as a car or home is a big deal for most people, so it is not surprising that so many people need the reassurance of the personal touch when taking out a personal loan or a mortgage. People have financial needs and financial challenges, some straightforward and some requiring quite specific advice, so they should be able to decide between going online and walking into their local branch and getting face-to-face help if they need it.”

Where we bank is changing

The CUDA survey revealed that more than 7 in 10 people still bank with the countries three main banks.

But Mr Johnson contends that the tide is turning against the pillar banks and,

“There is a definite shift in mindset in recent years and people are becoming increasingly open to the offerings of other providers. This change in behaviour is only going to gather more pace in the next few years and we believe the market will really open up and the Irish banking landscape will look completely different in five years’ time. Credit unions for their part are making a real play to grow their role by offering people the length and breadth of the country exactly what they need – efficient and effective banking solutions, with digital, local and in-person support”.

Further highlights from the CUDA consumer survey include:

  • One in 20 (5pc) said they used a fintech such as Revolut, N26 or Bunq for most of their banking needs.
  • Those aged between 25 and 34 are more likely than other age cohorts to use a fintech for most of their banking needs – 13pc vs the national average of 5pc
  • One in 25 (4pc) use credit unions for the majority of their banking – twice as much as the number who cited An Post.
  • Men are more likely to use a credit union or a fintech for their banking needs – though the numbers are still relatively small.

Mr. Johnson concluded

“ As co-operative societies, owned by and managed in the interest of their members, credit unions  understand the importance of setting and achieving service levels at the standard expected by the members.  They are delivering digital services with a personal touch, only in this way, they can be certain that they will achieve high levels of customer experience satisfaction, retain business and also optimise the use of valuable resources. With this in mind, credit unions continue to invest in emerging technologies, as these give rise to new ways of conducting financial activities, while also continuing to invest in their people. Balancing these investments enables them offer both digital and face-to-face options to both borrowers and savers.”

How is bitcoin a perfect digital currency?

Bitcoin is a perfect example of considerable success in the crypto market, and it is at the top of the market, showing this crypto’s popularity. It is a fantastic method to do all work without trouble and rules. If you are in this modern generation world, you should try this crypto investment because it can convert your money into a considerable amount quickly. It contains many things that make it different from other crypto and a perfect digital currency in this market. If you want to know this crypto properly, you can ask a bitcoin investor. No one can tell you about this crypto more than a bitcoin investor. If you want to do a transaction or pay the bill, you don’t have to wait a while. It will assist you to hoard time with its fast speed. You will be able to find out more regarding it once you use https://www.chesworkshop.org/ to get more info.

It is excellent crypto, and there is no doubt that if you use this crypto, you can do all the work without any formality and paperwork. It benefits everyone, and the best part is now big companies are also accepting this crypto in their payment mode. It is acceptable worldwide with the same value, which is the best part of this digital currency. You can easily make payments anywhere. In simple words, it is an asset that can perform all the work and tasks within a short time. It is a package of all the advanced features you want in the fiat currency as a payment mode, which is why it is also considered a future payment mode. Here are some essential things that make this crypto perfect compared to others. Please have a look and try to read it in brief for more info. 

Worldwide acceptable!

The first central fact about this crypto is that it is perfect to use its worldwide acceptability, and it is perfect in use. You can make payments worldwide, which is the best part of this crypto you can attain after investing in it. There is no requirement of exchange the legal tender when you have the bitcoin crypto. You can make all payments from it without any problem. If you are willing to transfer the money from the fiat system, it will take a lot of time and formalities, which are very long. But at the time of using this crypto as a payment mode, it will not take so much time. You can do the transaction with just two clicks and transfer the digital coin anywhere in the world without any problem.

It is better for security!

Bitcoin is not just known for its profit-providing potential only. It also contains the power to secure the user’s data from hackers. You can safely do all things because of blockchain technology only. It is impressive in use and keeps all the records of users. Until now, no one can hack this technology, and the best part is many people have tried, but no one gets success in it. It is very tight in security, so people trust this technology a lot to store data safely. If you think blockchain is not that high in security, it is not valid. You can ask anyone; big companies are now adopting this technology to secure users’ data from hackers. If your data is in this technology, you do not need to worry about hackers and how they can handle everything.

It allows cross-border transactions!

The cross-border transaction is another thing that makes it perfect to use, and the pleasing thing about it is there are no special charges over it. There is no charge for cross-border transactions. You have to pay the fees; only that’s It. Unlike the traditional system where you can do transactions, there are many formalities and charges. That is why it is a perfect mode of transaction, but many people still do not believe in it. You can ask experts, and any other person will get positive views over it; that is why it is also known as a future mode of transaction. And if you check this out, you will not find any problem.

Check out the uses of digital bitcoin currency!

Bitcoin is a simulated system of coinage that acts as a payment medium. The best fact is it’s free from the rheostat of any management. This feature of bitcoin signifies that there is no involvement of third parties while making financial transfers using bitcoin. An anonymous creator introduced bitcoin in 2009. From that time, it has become the most popular crypto worldwide. The fame of bitcoin has led to the development of many other cryptos in the market. Bitcoin works on the blockchain, the network that powers the whole bitcoin system. The data is completely secured on this blockchain technology, making it safe for the users. The transfers of bitcoin take place immediately, which is why people prefer to use bitcoin as the initial mode of payment. Buying bitcoin is also not a complicated task and is accessible to everyone. You might know all these things about bitcoin, but still, some people are wondering about the uses of bitcoin. Some unique features of bitcoin make some appealing reasons to use this crypto rather than fiat money. To receive more extensive information about bitcoin trading, click here.

Use number 1!

The best pro of using bitcoin is taking anonymity to the next level. The pseudonymous quality of bitcoin is a selling point of bitcoin, and that’s why worldwide investors like the concept of bitcoin. People who want desired level of anonymity should start using bitcoin currency. People are fed up with using traditional money because users have no privacy. 

Banks always keep a close eye on your activities, and they can track everything related to spending your money. But in bitcoin, you are the sole owner of your money, and you have the freedom to spend it without answering somebody. The anonymity that bitcoin offers can help you a lot, as you can use the money wherever you want. No one will ask about your spending. So if you seek freedom from banks and a higher level of anonymity, then shifting to using bitcoin is the best thing to do.

Use number 2!

Another significant fact is you can practice this alphanumeric money for making lower-cost money transactions. It has the benefit of offering lower transaction costs to all its users, which makes this crypto so unique. Bitcoin transfer fees are not as costly as you have to pay for making traditional money transfers. Bitcoin is a borderless currency, meaning you can send it to any part of the world. People are taking advantage of this crypto by making international transfers at lower transaction costs.

Use number 3!

There is no denying that the uses mentioned above are the uses that people use for particular purposes only. But this way of using bitcoin is for all the average users who can make payments for their goods and services through bitcoin currency. 

We all know that the bitcoin market is growing every day, and it is becoming common that most businesses are starting to accept the transfers of bitcoin currency. People who invest in bitcoin can use this money to get their products and services through bitcoin. Even it is beneficial for the retailers because they get money in digital form and their reach of business grows. It is a positive thing for so many reasons. One is that people get the advantage of lower transaction costs, which is an excellent reason for business people to start accepting bitcoin as payments. The merchants can benefit from cutting their costs as they don’t have to pay the fee involved in the transfer of credit cards and other traditional banking services. 

Another benefit is that this unique kind of feature of bitcoin makes it the best payment system. It acts as an innovative way for financial innovation, which also has the feature of micropayments. It is the kind of thing that is impossible to attain from another financial system. If your corporate starts accepting bitcoin, it will generate novel prospects for your commercial. 

The final sayings!

Those, as mentioned above, are some thrilling uses of bitcoin. You can use bitcoin for various other purposes also, like making donations. So if you are investing in bitcoin, you can stay stress-free as these uses will increase even more in the future.

TCS Launches Sustainathon Competition for University Students in Ireland to Tackle Environmental Issues with Digital Innovation

Tata Consultancy Services (TCS) has announced the launch of the 2022 UK and Ireland Sustainathon, a problem-solving competition that challenges university students to address corporate sustainability problems through innovative digital technology, creativity, and teamwork.

Registrations are now open for the 2022 Sustainathon, which invites university students to work alongside TCS and its partner network (via a virtual online portal) during a two-week sprint to devise digital solutions that can help businesses overcome their most urgent sustainability challenges.

“TCS is fully committed to addressing environmental challenges in the countries and communities we operate in, and to building a sustainable future through innovation and adoption of digital technologies,” said Andrea McBride, Head of TCS Global Delivery Centre, Letterkenny.

She added, “This is the first year that the TCS Sustainathon is available to students in Ireland. The competition has had great success in the UK and other regions over the last number of years and we are delighted to be able to offer Irish students the opportunity to be involved this year.”

TCS is engaging with universities across the UK and Ireland, including Atlantic Technological University (ATU) and North West Regional College (NWRC), Derry, to launch the competition, as part of its ongoing commitment to promote STEM skills, nurture young talent and support sustainable enterprise. TCS will work closely with its clients and supporting organisations as the challenge partners for 2022, including Phoenix Group, Lloyds Banking Group and Marks & Spencer.

Participating teams will be given a unique opportunity to join a series of interactive masterclasses, virtual mentoring sessions and online webinars with business and community leaders who will guide them through each stage of the ideation process and help to turn their concepts into a reality.

Irish academics partnering with TCS on this year’s competition, include Dr. Mark Kelly, Head of ATU Galway and Mayo Centre for Sustainability who will deliver an online ‘Sustainability Masterclass’ to all participating students from Ireland and UK and Francine Moran, Lecturer in Science and Sustainable Technologies at NWRC, participating as a guest panellist for a discussion session on ‘Sustainability and Career Paths’.

After presenting their solutions to the judges, the winning teams will be rewarded with sustainable prizes and an opportunity to showcase their ideas at the grand finale event on Tuesday 6th December. The judging panel will be comprised of representatives from UnifAI Technology, the Rail Delivery Group, a selection of not-for-profit organisations, and sustainability experts who are independent from the competition process. The members of the Grand Finale winning team will be offered one month paid internships with TCS.

Last year, the winning team ‘Biophilic’ from University College London was challenged to increase community engagement around sustainability by enhancing the digital functionality of Scotland’s National Entitlement Card (NEC) app. Biophilic was invited to present their winning concept to an audience of business leaders at TCS’ Innovation Forum in London, which resulted in the companies working with the students to develop their ideas into a real solution.

For more information and how to register, please visit:

https://www.sustainathon.tcsapps.com/events/ongoing/UKI2022