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Banking and Finance- ‘Digital Technology Is Cutting The Cost Of Serving Just About Everyone’

You’ve probably heard about the struggles many people go through just to set up a simple bank account. Sometimes it is not just about banks demanding for information about their customers as part of their internal procedures, but the long periods of waiting, which sometimes may also amount to nothing. Not to mention the high costs fees just  And that can be quite frustrating for customers (Including potential customers)

This weekend i came across an interesting read from The Economist, which highlights limitations various groups of people including immigrants, refugees and people with low income across the world have to deal with, in terms of banking and finance. The article also highlights how digital technology is helping to solve the problem of “unbanked adults” not only in emerging countries but also in advanced countries.  ( Read all about it here)

Other Interesting reads-

Financial inclusion for the Financially excluded- The High Cost, for the Poor, of Using a Bank ( Source New Yorker)

Financial health reality check- So What’s the cost of being unbanked? (Source Nerdwallet)

Bitcoin – Is It Merely ‘A Speculative Bubble’?

One of my favorite reads this weekend is Oaktree Capital co-founder Howard Marks’  latest memo to clients- “Yet Again?”

I can totally relate to the issues he highlights about Bitcoin and the numerous digital currencies we have these days. Particularly, i fully understand the honest statement he makes –” I think I understand what a digital currency is, how Bitcoin works, and some of the arguments for it. But I still don’t feel like putting my money into it, because I consider it a speculative bubble. I’m willing to be proved wrong” ( Page 8 of the Memo “Yet Again?”)

In fact, Just a few weeks ago, a friend of mine, and a reader of my blog, wrote me a message on WhatsApp after I shared an article about How Bitcoin Is Reducing The Need For Trade financing.

She asked me-

“Rahab, what do you think of Bitcoin and all these digital currencies I hear about? You know, I still don’t understand this whole buzz in Finance these days.”

She continued to ask me –

” And with all this fraud going on these days, Is it real, or is it another one of those scams? I hear people are making tons of money in this business. But how?”

I had to be honest with her. I told her,

“Reen dear, I am still learning about these things too.” 

From his memo, i believe there is a lot investors can learn. For example, It’s not enough to accept Bitcoin merely as a medium of exchange. For investors, it is also worth considering issues such as ‘Bitcoin price volatility and it’s future’ and some of the ‘factors that lead to it’s volatility.’

Still wondering what Bitcoin is and how it works? A great place to start is by reading this article ‘Why Bitcoin Matters’ by Marc Andreesen, the co-founder of the venture capital firm Andreessen Horowitz.

When Time Management Ruins Our Lives

I came across an interesting read on the Guardian about “Time Management”. Usually, we hear or read about the importance of Time Management. This article highlights some of the ‘Time-Pressure’ problems we have to deal with in today’s society. Does it get better or worse? Who is to blame? And is personal productivity really the answer to this problem?  Long read source: Why time management is ruining our lives | Oliver Burkeman | Technology | The Guardian