Technology is changing constantly. Every year, every month, every day there is something new that technology is offering to us. It is changing our everyday habits but one of the most noticeable areas that technology are affecting are finance. Just compare traditional way of personal finances and the way of finance that he have today.
Some of the innovations that surely changes our lives:
Cash to Cards
In the recent past, if you want to buy something you must have physical money like paper and coins with you. Technology innovations that changes this way of finances ware cards. Credit and debit cards offering people completely new way of transaction in which you don\'t need to have physical money with you to make a shopping.
Internet make some changes with the finance when it was invented. People which were using internet have been introduced to many new forms of payment that did not exist before. These days people could use currencies that does not ever exist in the real world. Best example of digital currencies or so called cryptocurrencies is surely Bitcoin. It can be used by everyone since it is separated from specific country.
Withdraw your funds just with the single click of the button seems to be unimaginable in the past, today there are plenty of online platforms and application that allowing people to manage their money form the home. Anyone, anywhere can monitor and control their finances.
It is a two way street. It have positive and negative side as well. Allowing people to control their finance is the positive side, if problem comes up users could take action immediately. Negative side is that online platforms making hackers easier to access the funds.
Financial innovation in the Future
As online financing is increasing it is logically that some new form of financing will appear to make our lives even easier.