facebook Cryptocurrency May Kill Global Banks, Says Committee - Vigyaa
Close

Delete Collection?

Are you sure you want to delete this collection permanently?

Close

Delete Collection?

Are you sure you want to delete this collection permanently?

Everyone has a Story to Tell and an Experience to Share!

Let’s Start Writing
4cd03c08-1c78-4c89-a8a4-4665e2477c8d

942 views

Cryptocurrency May Kill Global Banks, Says Committee

We saw this coming a mile away, honestly.

Don't get me wrong: I dig Bitcoin. I'm all about Ethereum. I love the decentralization and the minimization of fees, completely and totally third-party-free and with an ironclad system incapable of being hacked at all (we think). But come on -- this is what happened to just about any currency in history. It shook up the system. Big time.

However, That's No Cause for Concern -- at Least for Us Not Working in Banks



#

Because cryptocurrency really isn't a typical and reliable substitute for cash, generally speaking many were always hesitant to invest in it, much less use it as a way to make payments for anything from your rent to your tennis shoes. To this day we still use cold hard cash -- whether that's in paper, or plastic, it doesn't matter. What matters is countries have their own currencies, and that's how it's been for centuries.

In comes the blockchain -- and Bitcoin, and numerous other cryptos to shake up a system that's been around that long, so of course this committee is going to issue out disclaimers.

The Basel Committee, as it's called, however admits that banks do have rather limited exposure to crypto-assets. However given the volatility and the constant up and downswing, there's still possibility of fraud and terrorist financing links. There's enough room for bad things to happen, not that the Bitcoin is a bad thing (it isn't), but instead of someone trying to break into a bank, all someone has to do is connect to the Internet (which already is facing quite the historic legacy) and do a bit of hacking to steal some money (and perhaps an identity or two).

A lot can go wrong, basically. And the committee is just making sure banks are aware.

Currently the Basel Committee Is Working With Other Boards to Set Up Standards

Clearly some policies do need to be in place. Coordinating with other authorities will make a difference in regulating how banks treat cryptocurrency from here on out. They're commodities. Assets. And, yes, cash. But they're also completely neutral, and that sometimes can be an issue if the wrong people like to take advantage of it in heinous ways!

What do you think about cryptocurrency? Good or bad? CHECK OUT THE DATA DRIVEN INVESTOR FOR MORE INSIGHTS INTO TECHNOLOGY, and be sure to SIGN UP FOR A VIGYAA ACCOUNT AND START WRITING YOUR OPINIONS!



Related Articles

What Are Featured Snippets?

The featured snippets are becoming a hot topic nowadays. It has short and crisp information of the user's query. The search engine crawlers extract the information visible into the featured snippets. The most common type of featured snippets you will see are definitions, tables, steps, and lists.

Google is displaying more and more featured results every day. Now on average, more than 70 percent of featured snippets are generating from the sites ranking between position 2-10. It gives the SEO companies a new way to beat the top result and achieve position zero.

Featured snippets are also called position zero, and as their name sounds, they are cutting the traffic of first ranking result.

A position zero is a unique obstruct over the organic search results that Google here and there shows for specific inquiries, usually questions (i.e., who/what/where/when/why/how).

It contains an outline (a paragraph, a list, a table, or a video), also the publication date, page title, connection to the page from which the appropriate response generated, and URL.

Why Are Featured Snippets Important for SEO?

Featured Snippets Affect SEO in two different ways. In the first place, Featured Snippets are a chance to get more clicks from the organic search results without higher Google rankings.

Numerous SEOs call the Featured Snippet box as "Position ZERO" because it shows up over the customary #1 spot.

Information Box and Rich Answers are not lies under the class of Featured Snippets. Here we have described types of Featured snippets and how you can achieve it.

1. Text or Paragraph Featured Snippet

As we all like the extracted answer that immediate answers our search query. Google extricates content from a page trying to respond to the searcher's query. The best approach to achieve the paragraph featured snippets is to answer the searcher's question at the top of the page and then spread light over the topic to keep the searcher engaged.

FAQ pages are ideal for responding to numerous short queries at once, while blog pages are better for complex questions.

Optimize Your Content for Paragraph Featured Snippets

Paragraph snippets are extremely suited for these kinds of searches:

• Comparisons ( X vs. Y)

• Who is…

• Why is…

• How is…

Google is just going to pull a small part of your content, so make sure to give your answer in 40 to 50 words. For a shockingly better possibility at the featured result, incorporate the query as a heading and answer the question straightforwardly.

2. Video Snippets

Other than text snippets, Google may choose a video as the best solution to your query. If so, you will see a video snippet as a result. If you click on the picture, you will navigate to the specific landing page.

For some "how-to" queries, Google has selected to pull in essential videos, featuring suggested clips of the video that is probably going to best respond to the searcher's query.

Optimize for Video Featured Snippets

• Optimization for video content is simple since Google appears to support video content:

• Plan your content step-by-step

• Add a script for the video's captions

• Utilize optimized description with long-tail keywords

3. The Table Featured Snippet

Table snippets are shockingly popular, making up 29 percent of all featured snippets. Google indeed prefers to flaunt its abilities with these. It doesn't simply pull the data and let it display how it is– it can extract the data the user is searching for, and produce its very own table, as in the model underneath.

Optimize for Table Featured Snippets

• If you want to optimize for the table snippet results here are some essential tips to consider:

• Take each necessary step for Google. Feel free to put your information in a table yourself. It will serve your site visitor as you are preparing this for them. It could furthermore make it simpler for Google to find your tabular content.

• Always start with a suitable heading immediately, followed by your table and data.

4. The Bulleted List Featured Snippet

Answers that exhibited in numbered lists or bulleted lists fall under this snippet type. List snippets apply for the parts of posts, which are step-by-step guides and instructions.

Optimize for List Featured Snippets

• Here are some essential techniques to optimize your content for the list snippet result:

• Include the question as a heading

• Answer the question in 40-50 words under the heading

• There's likewise a second way that Google will search for this data: put your list in the table order.

• To do that, organize your content in steps with ordered or unordered list labels. And for each significant activity or level, utilize a heading.

Conclusion

If you need to improve your website traffic and enhance your site's SEO, you should realize that involving the top-10 positions of Google indexed lists isn't the solution. Positioning in featured snippets allows you another opportunity to beat your competitors.

Here's a swift recap of the Techniques:

• Target question-related keywords

• Analyze Google's "People Also Ask" for pertinent queries

• Strive for the first page of Google SERPs.

• Utilize the reversed pyramid style when curating content

• Incorporate words that are probably going to create featured snippets

• Organize your blog post as per your targeted featured snippet

• Don't cross the length of 40-58 words

• Structure your blog post properly

• Add a Q&A page to your site

Author Bio:

Ashish Roy

Since founding a Raleigh SEO Company Cibirix, Ashish has used his marketing knowledge to lead the agency in generating truly efficient digital marketing experiences for clients. He has more than 15 years of experience in digital marketing and loves to write about different types of content in the industry.

Reference Image
Close