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Jaime Gueits
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Jaime Gueits   My Press Releases

Physical Currency Is Moving Up on The Endangered Species List!

Published on 5/24/2017
For additional information  Click Here

Physical Currency Is Moving Up on The Endangered Species List.

In the United States, more than 90% of our money supply has already shifted to electronic platforms. What remains will soon follow. At least a half-dozen other countries are at approximately the same stage of this transition.

People are choosing alternative methods of payment because of their ease of use, convenience, safety and reliability.

Here are some of the companies and currencies that are leading the charge in the digital money world...

Global Payments Inc. is a credit and debit card processor that facilitates electronic payments between merchants and the financial institutions that issue cards. It's the world's largest technology provider for cashless payment solutions.

The company recently reported one of its largest revenue beats in recent history on solid sales growth across the board. Revenue was $919.8 million, up 23% from $748.8 million in the first quarter of 2016.  

As a result of the strong quarter, Global Payments raised its 2017 guidance. The company now expects adjusted net revenue between $3.38 billion and $3.46 billion, for growth of 19% to 22%.

PayPal Holdings Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. The firm is a huge beneficiary of the rise of mobile commerce.

PayPal also reported solid first quarter results. Revenue was $2.98 billion, up 17% from $2.54 billion in the first quarter of 2016. Perhaps more importantly, both volume and account growth in the U.S. are accelerating. 

With more than 197 million active customers, PayPal's global payments platform is available 24/7 in 200 countries, enabling customers to get paid in 100-plus currencies.

Total System Services Inc. is a large payment solutions and services company with operations in more than 80 countries. Since the company's recent acquisition of TransFirst, it is now the No. 6 merchant processor in the U.S.

The company provides debit and credit payment services to financial institutions, government organizations, retailers and small businesses. They route more than 21 billion payment transactions annually, totaling more than $3.8 trillion. And its services are used by 375,000-plus direct merchant locations.

First quarter results were also impressive thanks in large part to its TransFirst acquisition, revenue leapt 60% to $1.18 billion from $739.4 million in the first quarter of 2016.

Bitcoin, Etherium (Blockchain Technology)

Bitcoin, the number 1 Crypto currency in the world, has crossed $2,400 per coin and increasing in value almost on a daily basis. Some experts estimate this medium of digital currency could reach very unchartered waters as world wide acceptance is driving increasing circulation, market capitalization and its value.  Etherium is a close second and also growing at a very fast pace.

The scramble for digital payment solutions presents one of the most profitable opportunities of the next decade and anyone paying attention is either in the game or getting ready to join the rest of the world in the race for the "Future Of Money".

 

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