Category Archives: Finance

The National Debt and You: The U.S. Money Reserve

The U.S. Reserve is a company that has been in the business of selling gold, silver and platinum coins. The company has more than four hundred thousand clients and is headed by a former mint director named Philip N. Diehl.

The company strives to provide each client with the highest quality of service each and every day. One of the many reasons that people buy gold, silver, and platinum coins is to protect the value of their money during volatile times. One of the things that the U.S. Money Reserve talks about in a recent article is the national debt and what it means to people.

According to the company, the United States national debt stands at twenty-one trillion dollars. This amount is more than the gross domestic product (GDP) of the country. Another point to consider is the fact that the United States has to pay interest payments on the amount that is owed. The payment on the interest by itself could finance the entire military.

This is why when debt becomes as large as this experts usually have a negative opinion on the outlook of finances.

By trying to pay down this massive amount of debt, money is not used for other things like new jobs or getting the economy moving at a faster pace. Read more: US Money Reserve | BizJournals and US Money Reserve | Instagram

This can have an impact on the economy as well. When people are skittish about spending their money the economy could suffer the consequences.

One of the recent events that the company uses was the recent downturn in the market from 2007 to 2009. At that time buyers kept their money to themselves and this resulted in a stagnant economy that finally got going again after two years.

The next part of the story talks about what the main contributors are to the national debt. One of the main factors is that the government spends more money than it is taking in. The solution cannot be one thing alone. It must figure out feasible ways to pay down debt that it owes each year.

One solution that the U.S. reserve points out is that people can put some other the money they have into the precious metals market. Precious metals can retain their value for consumers through difficult economic situations.

This can make the consumer feel better about the market as a whole. This is why the U.S. Reserve is here to help.

Western Union Partners With PSI Pay To Ease Service Delivery

Western Union’s latest global expansion program would see them partner with the UK based ecoAccount online wallet. The strategic partnership goes a long in cementing Western Union’s footprint in the European market that also allows individuals with the ecoAccount wallets to send and receive western union money locally or internationally seamlessly. This alliance was made possible after successful integration of western union services with PSI Pay’s partner brand that hosts the ecoAccount online wallets.

 

A new global payment processing network

 

The NYSE listed Wester Union has already carved itself a popular niche in the world of cross-border and cross-currency money movements. Bringing the PSI-Pay backed brands on board and letting them in on their money movement processes helps usher in a new payment processing player in the world of currency remittance. You should also note that this collaboration makes ecoAccount the first online wallet agency for Western Union.

 

Benefits of the partnership

 

While Western Union remains of the most popular and globally trusted currency remittance companies, it still faces challenges in accessing some global markets. According to its President, Odilon Almeida, the company has therefore resolved to make key strategic partnerships across the world in a bid to unlock new growth opportunities. Partnering with the UK based PSI pay brand is, therefore, a step in the right direction for western union.

 

On the other hand, the ecoAccount online wallet has set itself as one of the fastest rising currency remittance platforms in the UK and beyond. Integrating core business functions for the two companies, therefore, goes a long way in helping the two access larger market base in the country with plans underway to scale this online outfit into a global finance industry player.

Moving away from the confines of the banks

 

The partnership is also historic as it marks the first time western union entrusts is services to a non-bank digital platform. Its president has also hinted at the possibility of empowering the mobile app to tear its UK market limitations and facilitate the transfer of money globally.

 

More about Western Union

 

Western Union remains a leader in the money transfer industry facilitating the smooth distributing of money in over 200 countries and territories. With a global network of over 550,000 retail agents, the company is able to move cash into billions of accounts globally in the least time possible. Its penetration into the digital money transfer market only serves to further broaden their global reach and effectiveness.

 

More about PSI Pay

 

PSI-Pay is a UK based e-Money company governed by that facilitates the processing of digital currencies in the country. It is also a principal issuing member of the Visa and MasterCard worldwide and is also licensed to issue debit and credit cards in the region.

 

 

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AvaTrade Review as a Leading Financial Trading Broker Firm

The article captures a detailed AvaTrade review necessary for one to make the right decisions regarding their Forex broker. Sometimes you remain stagnant because you have not encountered something different and refreshing. One of the best things is to identify or rather discover the appropriate and most reliable trading platform. The Forex experts who are at the service of customers can do this. AvaTrade is highly recognized due to its beautiful facilities, money and customer protection, and an excellent reputation over the years. The recent financial report from AvaTrade shows that the trading turnover has reached USD 60 million. AvaTrade is an Irish broker review with the headquarters at the heart of Dublin. Nevertheless, the firm has several other departmental agencies representing the company in Sydney, Paris, Milan, and Tokyo. This Irish broker receives support and regulation from Irish Central Bank. This is the principal regulatory agency responsible for keeping the financial transparency and safety for the AvaTrade organization. AvaTrade venture into the online platform in 2006and since then it continues to make its presence.

 

Nothing can beat the decency and trustworthy in customer support services at AvaTrade. They have a professional team and excellent customer support services that meet the needs of every client. More to that is the multiple languages during provision of services. They speak multiple languages, and their customer services are available to anyone in need every minute or second. Any need can be expressed through a call, an email, or live chat means. Their customer services are offered freely to all. In addition to the customer services, the firm has defined trading software that makes the work easier. It allows the use of various trading software: Something that makes the process more comfortable for the trader. They have different versions to fit in every individual with the need. The other exciting provision at AvaTrade is the option to create an account. It begins by choosing the type of currency that is convenient for you and that which will allow you to manage your account correctly. Finally, there are huge bonuses and special promotions to encourage their traders. They vary in functionality, and the trader makes a choice.