We saw how to use BHIM app for payments and receipts in our last post. Today we shall see how to use India’s most popular digital payment app, i.e. PayTM. While BHIM is a link-up interface to use your bank account, PayTM has its own money wallet where one can keep money. Using that wallet is the fastest way to pay, since it uses the money stored inside and does not have to connect to any banks. Plus, there are plenty of offers, deals and cashbacks if you use PayTM to pay for several services. And the best benefit of all is that you use no cash. Continue reading “Using PayTM: India’s most popular cashless wallet”
You have probably heard about digital currency like Bitcoin in the recent years and read how it’s trading at an insanely high value when compared with standard currency. On 18th October 2017 (today), 1 bitcoin is trading at 3900 pounds, 5200 dollars, 4400 euros and a whopping 342000 Indian Rupees. To put this in perspective, a single bitcoin can purchase an 800cc hatchback car (Alto, Eon, i10) in India. Other cryptocurrencies are trading at very high values too.
What exactly is cryptocurrency? Why is it gaining popularity and how does it work? What exactly is mining? While the users of cryptocurrency try to explain the concept to the people who are not initiated, they fall short of easy examples and stick to their indecipherable jargon which can make the listener pull his/her hair out. In this post, I try to explain cryptocurrency to you in as lucid a language as possible. Continue reading “Understanding cryptocurrency”