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I couldn't work on the train because I had to stand up, so I had to do a last minute mindmap. Sometimes, talks are better this way.
Bitcoin News on Evergrade's 300 Billion Debt Crisis Impacts Crypto Markets
Link: youtu.be/zcGF_6k9V3k
Analysts are wondering whether China's second-largest property developer, Evergrande Group, could default on its $300 billion in debts, posing a danger of contagion for the crypto industry.
Evergrande has since admitted that it will be unable to sell homes or other assets in its control quickly enough to service its rapidly increasing obligations, as Fitch Ratings stated on Sept. 8 that it "appears probable" that the company will default on its loans.
Evergrande predicted a "major continuing fall in contract sales in September," leading in "further worsening of cash collection by the Group" and putting "tremendous pressure on the Group's cash flow and liquidity," according to a statement released Tuesday. The following was added to the document:
Tether, the leading stablecoin issuer, may have exposure to commercial paper issued by the "$300 billion debt monster," according to Australian economist David Llewellyn-Smith, who also warned that Bitcoin (BTC) may be one of Entergrande's counterparties due to Tether's (USDT) dominance as a BTC pairing. Tether, on the other hand, has refuted this.
Tether's most recent attestation report indicated that $30.8 billion of its $62.8 billion in assets is kept in commercial paper, with the Financial Times estimating that the company is among the top 10 holders of the product globally.
Onlookers are concerned that Evergrande's demise may have far-reaching consequences for the commercial paper market, with Reuters identifying the company as "the largest issuer of commercial papers," with $32 billion in assets as of late 2020.
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Link: youtu.be/zcGF_6k9V3k
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Instant Banking share the informational guide on UPI, BHIM, AEPS, POS System, Bank transfer , Card Payment, Digital Wallets and Mobile Wallets. Visit : www.instantbanking.in for more information,
The eCommerce platforms available nowadays offer online payment options. For this to carry out smoothly, a payment gateway is not an option but a mandatory feature. So what is a payment gateway? It is a technology used to carry out debit or credit card purchases by the dealers from the customers—the interface obtained for the users while carrying out an online transaction to collect payment information. To know more on payment gateway, read our latest blog
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A digital payment overlay service is? An added value payment service, that’s delivered through some sort of mobile device, above and beyond a basic payment.
So if you want to stay at the forefront of digital payments and real-time payments, watch the video till end. We will be covering a wide range of topics: from the basics like “What’s a real-time payment”, to “should I be worried about digital payment fraud”, and everything in between.