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SmartCard Marketing Systems Inc. (OTCQB:SMKG) Crypto Becoming A Vital Part Of Economics and Revenues For Banks and Especially Credit Unions.
SmartCard Marketing Systems Inc. (OTCQB:SMKG) Crypto Becoming A Vital Part Of Economics and Revenues For Banks and Especially Credit Unions..
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[{"type":"text","content":"SmartCard Marketing Systems Inc. (OTCQB:SMKG) Crypto Becoming A Vital Part Of Economics and Revenues For Enterprises, Banks And Especially Credit Unions. Sept 15th, 2022 New York, Ny USA The company SMKG highlights it’s Digital Asset Token and Crypto Issuing technology “OriginatorX & Granularchain” which are becoming vastly recognized with FI’s and Enterprises as a Fast-Track to Market for Issuing, Managing Digital Asset Tokenization and Crypto Issuing.The Emergence and Growth of Cryptocurrencies While cryptocurrencies were not the first attempt at independent electronic currency, blockchain technology made it possible to conduct immutable transactions, whether with cryptocurrencies or another digital asset. This means that the information exchanged, the transaction, could not be altered or manipulated. As a result, supply can be limited and there is no potential for fraudulent or counterfeit currency to be circulated.In the years since its inception, cryptocurrency has gained acceptance among the general population. While only 19% of consumers own cryptocurrency, 91% are aware of it. Among crypto owners, only 30% reported making an online purchase with their crypto assets, but perhaps more indicative of crypto’s growth as currency is the fact that 21% used it for in-store purchases. Source link: Making Sense of the Digital Currency Space (pymnts.com)Credit Unions See Crypto as Member Investment Conversation StarterIt’s time for credit unions to make sure that they know how to talk to members about crypto, according to a major credit union service organization (CUSO).This is why PSCU, which supports more than 1,900 financial institutions representing nearly 7 billion transactions annually, is rolling out a major initiative focusing both on educating credit union (CU) staff and helping them educate members in turn.“Educating members on crypto is a key goal,” Lou Grilli, senior innovation strategist at PSCU, told PYMNTS. “This landscape is evolving so quickly. There’s more interest now than previously, despite this crypto winter that we are in.”That doesn’t mean all CUs will offer crypto services, Grilli said, noting that’s a decision for each institution to make on its own. But there’s more to it than that, particularly for CUs.“The relationship that credit union...