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With millions of users using the internet on the daily, banking one inevitable place. As a result, the banks has made their online interface easy and accessible.

Like wise, online banking app like Kuda, Piggyvest, V Bank and many others has risen.

V Bank By VFD Review

Honesty, Banking and finance play a primary role in greasing the economy and growth of any society. The very definition of wealth generation is producing more than you consume and saving the excess in income generating assets. A process for which financial institutions are necessary.

Again, income generating assets are only income generating if those savings are funneled to businesses and individuals who need funding for some economic activity.

Firstly, a process which also requires financial institutions. Even the process of specialization and exchanging one thing for another is facilitated by the very same v Bank by VFD. It is almost impossible to run a modern economy or build sustainable wealth without these financial institutions.

Benefit of V Bank By VFD

Historically banks and other institutions but for the purpose of this article mostly digital banking have tried to perform essential roles in society but at significant cost.

Apparently, take for example the role of providing services for people who produce more than they consume and want to save the surplus in assets. Excluding all the regulatory requirements, the bank typically have to
Rent or construct a building maybe with a safe hire some staff who would count cash and do book-keeping spend on security to make sure they did not get robbed.
But collecting people’s savings was only half the story.
Remember that those assets needed to be income generating. So, they had to hire loan officers and find businesses or individuals worth giving loans to, and spend time following up on them.
Obviously, all this isn’t mentioned. V Bank by VFD saves all this balance cut-down.

The Trust of Banking With V Bank By VFD Another side effect though, was that many have just not been able to afford financial services because of huge costs incurred. The unbanked as they are commonly called.

Simply, It had simply made no sense to offer loans to some microenterprises who could only utilize very small amounts because the interest paid on those loans could not justify the investment.

The old banking structure, due to its costs model had left a lot of people isolated from the financial system or at least not feeling like they were getting value for money.

Over the years some big changes have however occurred in society. The first of these is the mobile revolution. The rapid rise of mobile telecommunications has put a mobile phone in almost every hand in society.

V bank saves all stress and don’t give unnecessary debits.

Is V Bank By VFD Scam or Legit

Importantly, to demonstrate the rapid rise in mobile access, in 2000 there were only about 30,000 mobile phone users in Nigeria. By the end of 2019 there were over 184 million active lines.

In just two decades telecommunications services had essentially reached every nook and cranny in the country. As part of the expansion in telecommunications services, the costs of accessing those services had also dropped significantly.

To demonstrate, in 2005 the average tariff for calls was about N50 per minute (roughly $0.40). Right now, calls on most major networks are as low as N7 per minute (roughly $0.02). A 95 percent drop in costs in US dollars before inflation.

V bank by VFD used this opportunity to pierce the market. Obviously v bank by VFD is not scam.

The second major shift that has occurred in the past few decades is the explosion in data. Over the past two decades the number of people who take advantage of services that produce data on their behaviors and habits has exploded exponentially.

But within all that turbulence and chaos a new generation of banks is emerging. Banks that do not suffer from the legacy cost structure and processes of traditional banks.

Banks that allow consumers take advantage of modern technologies to access financial services. Banks that trade off the bank branches for mobile apps. Banks that trade off the loan officers for big data.
All the while passing the costs savings to consumers, and reducing the costs of financial services.

One of such banks is the new V by VFD. All digital, no paperwork, no queues, none of any of the things that annoyed people who had to go to bank branches to get even the most mundane things done.

V Bank vs Kuda Bank Mobile App

Below is a list of some exclusive offers :

All of your transactions at your fingertips

Overdraft possibilities on request (through company)

Easy savings and investment opportunities

Pay all of your bills with 100+ biller integrated

Atm Cards for everybody

Never go to a bank anymore, do everything from your mobile phone

Direct 24/7 support with V

Loan facilities for salary payment
Overdraft facilities for staff

Bulk payments

Administrative support

Loyalty reward up to 2,000,000 NGN per month

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Review

Tesla May Allow Bitcoin Payments, Elon Musk Tweeted

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Tesla cloud let Bitcoin payments back into it’s transactions, this is what Muck said in his new tweet! It seems he won’t stop tweeting about Bitcoin. After he got some threats by hackers after all! Tesla CEO Elon Musk, tweeted that the e-car company will restart Bitcoin payments when the cryptocurrency’s clean energy utilization gets to the 50 percent threshold.

When we have the confirmation of sensible (~50%) clean energy utilization by miners with affirmative future trend. Tesla will restart letting Bitcoin transactions.

Moreover, Musk declined pumping and dumping Bitcoin. He talked about the allegations that Sygnia CEO Magda Wierzycka made as “inaccurate.”

Tesla’s Bitcoin Holdings

Musk once again confirmed that Tesla only sold 10 percent of its holdings. They did that in order to test the cryptocurrency’s liquidity without moving its price. As you can see, they moved the price of cryptocurrency’s price a lot! Especially Bitcoin.

As you know, Tesla stopped Bitcoin payments because of the harmful environmental impact of mining. They announced it on May 12. As a result this triggering a sharp market correction.

As stated by Ark Investments, over 70 percent of Bitcoin miners are powered by renewable energy by now.

liquidity

In its most simple form, liquidity is about how simple it is to convert cryptocurrency into cash fast. And also as if this can be obtained without the asset’s value affliction. A cryptocurrency that is liquid usually trades around its market price.

Bitcoin Price

This news maybe cloud help Bitcoin’s price in the market. And in addition it could help the whole market. At time of this writing, Bitcoin’s price is 39,209.20$. So, it seems the market is promising after days of low trades in the market. With bitcoin and other cryptocurrencies. Musk’s actions on social media about cryptocurrencies usually make prices soaring or plummeting.

Bitcoin future is promising. After are it is the big boy in the whole crypto market. Once before, Musk made Bitcoin price goes up, when he announced that Tesla will accept this coin. Then he took it down, when he tweeted that they stopped accepting Bitcoin in their transactions. And, now they are opened to the option again.

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Review

Bitcoin analyze, Bitcoin Reached to the Resistance line 39,270$

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We observed a positive candle, with the reopening price of 35546. Which it reached 39,380$ at the highest price, and 34,757$. Bitcoin candle couldn’t reach the resistance line 39,270 in Jun 10. In the result of that, it went back down for more time. We expected that Bitcoin touches the floor of the most probable scenario 32,612.

Even we predicted that, This time the chance of breaking this supportive line increase slightly. Although this scenario, was our third scenario. But, despite of our expectations, Bitcoin toughed the resistance line 39,270$ for the third time, by today’s candle.

For now, Bitcoin had reactions, to some extent, relative to this resistance line. And it went back down. So, about our current scenarios, we are insisting in our the most probable scenario, which is the swing between 32,612$ and 39,270$.

The second scenario is; breaking the resistance line 39,270$, and forming new ascending process.

And the third scenario is; breaking the resistance line 32,612$, to hit a fall around 25,299$.

So, with what happened with today’s candle, we entered to the second scenario. This means ascending process is happening. In conclusion, it is better to have caution until to a resistance line above 39,270$.

But, for now, in the current short term, we consider the line of 32,612$ as the first support. And, the line of 39,270$ as the first resistance.

Binance Analyze

We expected this coin to increase to the resistance line of 423$. And after that, we expected short time correction to get to the supportive line 337$. And, most likely to get on track of increasing. This time with the goal of passing the resistance line of 423$ and reaching 560$ resistance. All of our expectations came true.

Moreover, we expect BNB coin starts a new increasing process. The primary purpose of this coin is; to revisit to the 423$ resistance line. And, after that we expect that, NBN pass this resistance line and touches 560$ the resistance line.

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Review

Bitcoin ‘Options Smile’ Displays Market Terrified of Even with Tesla News

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Bitcoin option’s smile appears persistent fears of huge fall and low expectations for a quick rally. Bitcoin had a positive performance in the past 24 hours. This was because of the comments by Tesla CEO Elon Musk. He said that the electric car maker would accept crypto transactions. They will accept it on the condition of reasonable clean energy use by miners.

In result of this comment, Bitcoin experienced a positive rally and the price increased. However, the move to 2.5-week highs above $39,000 failed to quiet market fears. That’s clear to see from a chart pattern known as the “options smile,” which presents relatively higher implied volatility or demand. They are for options at strikes under bitcoin’s current market price than the implied volatility for higher strikes options.

The especial manufacture talks about great fears and continued request for downside hedges. As tweeted by trader and analyst Alex Kruger. In simple words, investors continue to buy puts in anticipation of a more profound price decline.

Options smile, a U-shaped graph looks like a smiley emoticon. And that is created by planning implicit volatilities opposed to options at various hit prices expiring on the same date.

Implicit volatility is investors’ expectations of price turbulence over a specific period. A higher implicit volatility outcomes from bigger demand for options and the other way around.

Options of Sell and Buy

Options are hedging tools that give the buyers the right but not the commitment to buy or sell an underlying asset at an established price on or before a specific date. Thus, a call option represents the right to buy and put the right to sell.

The fast slope at lower strikes throws back fears of a sell-off and the flatter slope at the right end displays market contributors regard rallies, if any, to be slow.

Some may say that the steeper slope at lower strikes can steam from increased request for call options or bullish bets than for protective puts. But, put-call deviations, which calculate the cost of puts relative to calls, say something else.

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