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WHERE ARE THE MOST SUSTAINABLE COMPANIES IN THE WORLD?

DEVELOPING COUNTRIES

It is no secret that the world is currently facing severe environmental issues such as water and waste pollution, deforestation and wildfires. It is an issue that governments and industries must find lasting solutions for, but some are further along than others. By making more environmentally conscious choices, both at home and in the workplace, we can reduce the impact we have on the planet. A new study by packaging supplier RAJA has revealed the countries home to the most sustainable companies.

 

The most eco-conscious countries

Which country is the most committed to change? The United States of America comes in first, with 17 mentions in the Global 100 index from Corporate Knights, which ranks the most sustainable businesses.. Reasons for this include the U.S. government offering financial incentives such as tax breaks to encourage companies to become more sustainable in how they run their business. Currently, there are over 40 federal policies in place, such as grants and loans that businesses can benefit from when they make more environmentally conscious choices. These incentives are vital as further research uncovered that even though the U.S. has 5 per cent of the global population, it is accountable for 30 per cent of the global energy usage and 25 per cent of carbon emissions. So, more sustainable practices are crucial to implementing lasting change.

Coming in closely behind the U.S. is their neighbour, Canada, with 12 highly-ranked green companies on the list. The Canadian government revealed oil and gas make up 26 per cent of all greenhouse gases emitted by the nation and transportation is responsible for an additional 25 per cent. In attempts to reduce their contribution to greenhouse gases, they introduced incentives to help businesses go green. One way of doing this was by bringing in the Climate Action Incentive Fund to provide small and medium-sized businesses with financial incentives of between $25k – $250k to reduce the cost of introducing eco-friendly business practices. With renewable energy and advanced technologies like electric vehicles, it is cheaper and easier for companies to go green. This is why the incentive includes swaps to energy-efficient vehicles and fitting of renewable energy systems for heating and cooling the building.

 

Industries making strides in sustainability

A lack of sustainability in business can alienate prospective customers, with consumers  becoming more intolerant of brands that fail to implement greener practices. The financial sector seems to understand the importance of sustainability, with 12 green companies on the index, making banking the most eco-conscious industry. Going green is not just about reducing climate change, it can also positively impact brand reputation, meet government regulatory requirements on reducing its carbon footprint and ultimately drive customer satisfaction.

In second position is the biopharmaceutical industry, with 7 companies featuring on the index. This sector is making strides in becoming more sustainable by using innovative processes such as pigging systems, a process designed to massively reduce waste by recovering the residual liquid, decreasing the amount of cleaning agents used and preventing unnecessary water waste. By taking additional steps to recover excess product they not only improve their profit margins by recovering more product which can be sold, but they also reduce their contribution to climate change.

 

Tips to be more sustainable

The responsibility to make better environmental choices to reduce the impact of climate change does not solely fall on businesses. Everyone plays an important role in helping the planet and simple swaps or changes to daily routines can help to reduce climate change. From reusing items, to saving energy and shopping consciously, here are some helpful tips you can implement to make a lasting change:

  • Buy items that are recyclable or reusable so they can live another life.
  • Use left-over fruit, vegetables or eggshells to make your own compost and reduce the amount of waste going to a landfill.
  • Check if every item is recyclable before you bin it. From clothes to batteries or even an old bike, see if there’s a possibility to reuse or recycle it.
  • Save money and energy by turning your electronic items off and don’t leave them on standby – it’s a simple way to reduce energy waste.
  • Switch to LED lights. These bulbs last longer than any regular bulb so you’ll be using less energy and replacing them less, too.
  • Try to mend and repair items to get extra use out of them before they go to the recycling centre.

Invest in better quality products that will last longer so you don’t have to rebuy as frequently.

 

Finance

WHAT’S NEXT? PAYMENT TRENDS IN 2021

Philip McHugh, CEO at Paysafe

 

Undoubtedly COVID-19 is going to continue having an impact on us all at least for the next few months and maybe all of this year, but there are still reasons to be optimistic. The industry continues to evolve quickly, and that in mind, here’s five of our predictions to watch out for in payments in 2021:

 

1. New consumers to online change the digital payments landscape

As more consumers headed online during the first wave of COVID-19, businesses noticed that their customers were also paying differently. Three quarters (76%) of the businesses we recently asked for our Lost in Transaction research report series said that consumers were using different payment methods during the pandemic, with the increased use of digital wallets being the most common. Having more customers that were new to eCommerce, and customers now shopping regularly with businesses that they were not comfortable sharing their financial details with, were key reasons for this.

Consumers confirmed this was true. When we asked in April, 18% of consumers told us they shopped online for the first time during the pandemic. With 38% of consumers telling us they are planning to shop online more even when COVID-19 is no longer a factor in their lives, we should see this shift to alternative payments continue.

 

2. SCA will drive mass adoption of biometric authentication 

Perhaps the first factor to shake up the payments industry in 2021 is going to have the greatest impact of any trend we will see in the coming year. That is because, after a series of extensions, the deadline for PSD2 Strong Customer Authentication is fast approaching. From December 31 2020 any transaction that isn’t verified by multi-factor authentication will be automatically declined.

One of the inevitable consequences of this is going to be a huge increase in the use of biometrics to verify payments. With the growth of mCommerce that we have seen before and during COVID-19, it seems very likely this will accelerate beyond predictions made at the initial SCA deadline in 2019. Juniper Research has already predicted that biometrics will be used for more than 18 billion transactions in 2021, with a value exceeding $210 billion in 2021.

 

3. A renewed focus on 5G

The importance of 5G and the growth of the IOT was another prediction we made for 2020. But while the impact of the pandemic has been to accelerate many of the trends we expected to see, perhaps one area where the pandemic has actually slowed adoption is the growth of 5G. With consumers spending so much time at home, appetite for personal 5G-enabled devices has been limited.

But at the same time, the need for the in-store shopping experience to be as frictionless as possible is now more important than ever. Almost half (46%) of businesses told us that they had lost sales in 2020 because their checkout times were too slow. So the use of 5G technology to overhaul the checkout will be back at the top of retailers’ agendas.

Almost half (47%) of stores told us that 5G will mean the end of the traditional checkout, and more than half (53%) believe that Amazon-Go style frictionless checkouts are the future of retail. Omnichannel experiences where consumers shop in a store and then pay via a digital checkout on a smartphone app are also on businesses’ radars.

 

4. A surge in subscription models

Almost one fifth (18%) of stores told us that they had launched a subscription services during the pandemic, and this is not only a result of business need but also customer demand. Overall, 27% of consumers told us that they were already planning to increase the number of subscriptions they had in the future, and this rose to 37% for consumers aged 18-34.

The growth will not be limited to digital either. Pret A Manger recently launched the first in-store coffee subscription service in the UK, and we expect to see similar models populating malls and independent stores soon.

Also, only the initial purchase of a subscription is subject to PSD2 multi-factor authentication. So for some businesses, launching a subscription service may be a way to reduce friction in the online checkout.

 

5. AI and machine learning as the cornerstone of fraud prevention

We’ve known about the importance of artificial intelligence (AI) and machine learning to financial services for years, but in many cases the industry has been slow to implement the technology. With the sophistication of financial crime increasing, and the growing concerns of consumers of being a victim of fraud, it is no surprise that adoption is now accelerating rapidly.

Banks have currently spent as much as $217bn on AI applications already, and in 2021 AI and machine learning based systems will be the standard in fraud prevention.

 

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Top 10

THE TOP 5 CRYPTO EXCHANGES IN THE WORLD YOU SHOULD KNOW ABOUT

Introduction

Crypto Exchange is a very important part of the Cryptocurrency EcoSystem. Crypto exchanges are the platform where transactions take place. You can also purchase Bitcoins in crypto exchanges.

It is a marketplace in the digital sphere that allows traders to purchase and sell Bitcoins. Do note that fiat currencies and altcoins can also be used in crypto exchanges. Since you have clicked on the link to this blog, there is a high chance you are a Bitcoin investor, or you are someone who likes to keep a keen eye on the crypto space.

And why should you not? Given all the buzz that cryptos are making in the financial markets. Bitcoin is the most famous cryptos, so I will be talking only about bitcoins in this blog for the sake of convenience.

 

Crypto Exchanges 101

A Crypto Exchange’s primary objective is to act as a broker and bring a buyer and seller to one place. It is pretty much like a traditional stock exchange; the only difference is that everything related to crypto exchanges happens digitally.

However, the process is not that different. On Crypto exchanges, traders have the option to sell and buy Bitcoins after inputting a value or order. When a trader selects the market value, the crypto scans the best market value available for the Bitcoins and presents it to the trader. Visit daily profit to start investing.

In order for a trader to transact in bitcoin, he needs to get himself signed up with the exchange platform. And then go through the various amounts of verification procedures. Once the trader has successfully verified his identity. He can start trading. But before that, he needs to transfer his fiat currencies to Bitcoins, and only after that, he can buy Bitcoins.

The currency exchange methods vary from exchanges to exchanges. Some allow users to transfer it via wiring through the bank; some well-established exchanges allow a direct transfer from the bank. Some allow the use of credit and debit cards.

 

Features of a Crypto Exchange

Crypto Exchanges have a lot of features that will ease up your transaction process.

  • Crypto Exchanges are decentralized – Decentralised means it operates without any governing body. There are no intermediaries in between. It offers peer to peer trading without having to show an account of your spending to the regulatory body.
  • Low Processing Fees – As crypto exchanges are decentralized, it is a peer to peer connection.

 

The Top 5 Crypto Exchanges In The World You Should Know About

There are more than a thousand crypto exchanges; trying them out one by one will take a lifetime. So as a crypto investor, I have personally selected the top five most popular crypto exchanges that you ought to know about.

1.    Gemini

The most widely used Crypto exchange on the face of the Earth is Gemini. It is perfect for all the major cryptocurrencies, but when it comes to Bitcoins. The only little drawback that I find in Gemini is that it asks for way too much personal information.

2.    Etoro

Etoro is more of a financial trading service than an actual crypto exchange, but it is worth talking about nonetheless. Crypto investors hold this app in high regard; it has a very good reputation. It has very high processing fees, which may annoy some traders.

3.    Kraken

When it comes to security, none can match Kraken. Apart from that, it has a very big user base. And it also charges very low transaction fees. A handful of traders do not like Kraken as it does not offer the best customer support services.

4.    Binance

Unless you had been living a rock, you must know Binance. Binance is the go-to crypto exchange. You get to see the ads of the Binance app over the Internet a lot. Binance gives you the added advantage of trading huge amounts of cryptos in a single time. Binance is only meant for experienced traders. It is not recommended for newbies.

5.    Coinmama 

Coinmama offers very strong security. The UI is user friendly. The best part is the customer support. I personally like Binance the most because it takes a step further and makes sure that proper security measures are implemented and add to that its classy user interface.

Many traders may not like Coinmama as the significant-high processing fees.

 

Final Words

There you go, there was the list of top 5 crypto exchanges. Please invest your money at your own risk. You should have a very strong knowledge of the crypto market before investing. Otherwise, you may face huge losses.

 

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