How The Bitcoin Revolution Will Affect Businesses?

Wazzup Pilipinas!

Bitcoin is the first commercially successful cryptocurrency that made its mark for the first time in 2015 when more than 100,000 businesses accepted it as a valid currency. These businesses included industry giants like Microsoft, Dell and Overstock.com.

It has been several years that cryptocurrency is accepted by the masses, but for some reasons, small businesses and entrepreneurs still hesitate to include it in their transactions. Let’s take a closer look at the Bitcoin Revolution and what does it mean for your business.

What is bitcoin?

Simply put, bitcoin is a cryptocurrency which is entirely digital invented in 2009. It might not sound interesting, but the astonishing fact about bitcoin is its purely person-to-person currency with no involvement of any central agency such as banks, financial institutions or government bodies. It relies on a technology known as a blockchain, which keeps bitcoin transactions safe, secure and transparent.

Due to its digital format, bitcoin is extremely fast, cheaper and offer an easier exchange of cash that could benefit many small businesses.

Overall, the main asset of bitcoin is its decentralised nature that frees you from relying on any bank or financial institution to process your financial transactions.

Why must you consider bitcoin?

1. No fees

As a small business, you already struggle with budget and have to compete with deep-pocketed big brands. Levying a 2% to 3% merchant transaction fee will drain out your cash flow and you won’t be able to offer your services or products to customers at a competitive rate.

Bitcoin comes to rescue here as typically transactions with this currency will cost you zero to one per cent. Yes, it is not a typo but how this cryptocurrency operates. You can easily participate in Bitcoin transactions with no fees attached. As there is no bank to verify each transaction, you do not have to sacrifice a percentage of your revenue to these financial institutions.

However, you might have to pay a very small transaction fee to speed up the process.

2. Extremely Fast

Another problem with the usual currency is that you have to wait for long for your money to arrive in your bank account. With bitcoin, as there is no centralised institution to check every transaction, the blockchain handles this requirement, speeding up the process. You don’t have to wait nearly as long to receive your payment as bitcoin transactions are processed quickly, usually within a fraction of time as compared to fiat currency.

3. No borders

Another extremely useful feature of bitcoin is its true global presence. This has to do with its decentralized nature. If your business deals with international transactions, then you can rely on this cryptocurrency to get rid of foreign transaction fees and exchange rates.

As a global currency with no intervention of a government or financial institution, bitcoin completely ignores border restrictions. This benefit can be seen working for the sports betting industry in the United States, for example. 

In the US, the Unlawful Internet Gaming Enforcement Act (UIGEA) Legislature that was passed back in 2006 made it illegal for banks and financial institutions to process online gambling transactions, forcing many big betting sites to exit American markets and drop American customers. 

Bitcoin came as a rescue as it has no restriction of the law and allowed American gamblers to bet with their favorite sites. A bitcoin sportsbook allows you to bet on your favourite sport, even if it is illegal in your country of residence.

4. No payment disputes

Bitcoin is a cryptocurrency, but it works exactly like cash rather than credit. All bitcoin transactions are final and cannot be contested by a customer later on. For instance, if he or she didn’t enjoy the services you provided, they cannot dispute the payment. If your business is struggling with customers disputing their credit card payments, then switching to bitcoin will be helpful.

5. Great investment opportunity

If you are an investor then you can make money with bitcoin by investing in its value. Just like other currencies, bitcoin fluctuates in value. However, note that it is less stable than gold and other communities and its value fluctuates a lot.

In some cases, fluctuation can be a drawback of accepting bitcoin but as an investment, it has a large upside.

We recommend that you consider bitcoin for your small business as its advantages outweigh its cons to a great extent.

A new face for Peter Parker in Marvel's Spider-Man: Remastered for PS5

Wazzup Pilipinas!

Marvel's Spider-Man: Remastered for PS5 brings a web of changes... including a new face model for Peter Parker. 

Insomniac Games recast Ben Jordan as the face model for Peter Parker in Marvel’s Spider-Man: Remastered for PS5.

Ben Jordan is the new Peter Parker for Spider-Man PS5, and I don't really have a problem with him in the role. 

But quite frankly, the in-game model just doesn't look quite as good as the actor does... 

I think it's the hair and the jawline? 

The power of PS5 elevates Marvel's Spider-Man Remastered to new heights. Learn about ray-tracing enhancements, Peter Parker's graphical updates, and more: 

Included with Marvel's Spider-Man: Miles Morales: Ultimate Edition on PS5. 

What do we think of the new Peter Parker in Marvel's Spider-Man Remastered on PS5?

They changed Peter Parker in Spider-Man Remastered. Wow, they really changed his face in the PS5 version of Insomniac's Spider-Man. This isn't a "graphics downgrade", this is a straight up re-design. It's more of a face-lift!

He looks more like Tom Holland now. 

They f*cking took out John Bubniak. How do you replace this man who looks exactly like Peter Parker should?

This kinda sucks cuz I liked the old Peter model because it really did feel like if Peter had been Spiderman for 8 years.

Man why would they do that, John was perfect. Now looks like he’s 15 when he’s supposed to be 23. Plus where tf is his jaw?

I think one the most jarring things about making Peter Parker look so much younger, especially going forward, is going to be the relationship with him and Miles. They look like they should be peers now. Like they’d be in school together or something. 

This is just an attempt to be the recent actor who played the web-slinger.

I'm supposed to believe that this Tom Holland looking Peter Parker is older than Miles Morales now? Yeah sure!

If we are getting Tom Holland as Peter Parker in Spider-Man for PS5 than we need Zendaya as Mary Jane too? 

After thinking on it more, the reason I'm so averse to it is because I got emotionally attached to this version of Peter Parker. That includes his voice AND his face. Changing him so drastically makes me feel disconnected from him. It's weird and uncanny now.

I’m gonna rant about this abomination all day, I stg. 

The new face doesn't even fit what's supposed to be an adult Peter Parker, this mf looks like he was taken from Disney Channel.

I usually don't fume about anything Spider-Man, but I am heated right now.

It’s really not that serious. lol.   It’s just because we are used to a different face.  Graphical updates for the game look phenomenal. We will get used to it. He doesn’t look bad. Plus.... he wears a mask LOL.

Peter Parker’s ‘Spider-Man: Remastered’ voice actor Yuri Lowenthal issues heartfelt apology to fans:

'Guys. It’s my face’s fault. The stupid stupid bones in my face. Blame my bones'. Lol!

At the end of the day, just be thankful we didn't get ASM2's Peter Parker homunculus. 

I love The Amazing Spider-Man games but I think we can all agree that the Peter Parker model above was cursed.

PS4 Peter Parker, you were PERFECT.... 

#bdoonlinebanking trends on payday

Wazzup Pilipinas!

" #bdoonlinebanking trends on payday, as users are unable to access BDO’s online bank service. 

The bank says there’s an ongoing systems maintenance for the mobile app and browser. It advises users to try again later"

Do you want to ruin your perfectly good morning?

Start your day with logging in to #bdoonlinebanking . A hundred percent guarantee your good mood will definitely change. For the worse.

Hoy BDO! Umayos naman kayo!

#bdoonlinebanking Strategy:

Let's do the maintenance TODAY so everyone is forced to do their instapay transfers tomorrow wherein charges will be imposed. Clap! Clap!

I thought it was just my Internet connection, but #bdoonlinebanking is not really working.

Been trying to access my account early this morning up until this moment. Can’t access the app. Can’t access the website. Nagsara na po ba kayo, BDO?

I hope BDO will waive its instapay charges again for another month due to this inconvenience.

#bdoonlinebanking - haven't found better ways yet?  App is always down.

I am really happy #bdoonlinebanking is trending. It just shows how really incompetent this bank is. I hope BSP can impose sanctions too for inconveniencing a lot of people just when you need the bank the most.

BDO can afford to pay hundreds of millions to Sarah (& other artists) to endorse the bank but can’t invest in developing reliable online platform. 

Nope! I will not go out bacause of corona! Fix your bulok app so that we can pay our bills! 

But no matter how frustrated you are with #bdoonlinebanking, please do not take your anger out on the customer reps over the phone. Just imagine being in their shoes - exploited and underpaid while being blamed for something they have no control over.

#bdoonlinebanking everyone is doing cashless to avoid Covid kayo you encourage us to go out and use your ATM. 

@BankoSentral si BDO ba ang sisihin if covid infection increase yesterday and today?

BDO has got to be the worst app in history. Utterly slow and for being one of the biggest banks in PH, its service is horrendous. WTH are they thinking? 

This covid era, we badly need online banking coz obviously some of us cannot go out of our houses especially those who are seniors na. They trust your money to you but in return your poor online services make it more difficult for them. 

Now I know why BDO is one of the biggest banks here.. They won't let people move their money from their accounts.

The unending issues with the app. The fees. The service. WORST ever.