Many people have started using an “electronic wallet” when paying bills or making purchases. In Europe, much of the population has been using one digital device to replace the numerous cards and paper used for paying bills or to prove membership in loyalty programs. PSI Pay is one such company that has been working to perfect the electronic wallet. In Europe, electronic wallets usually carry cash as well as different forms of currency. Multiple bank accounts can be linked to one electronic wallet. PSI Pay offers. Numerous benefits beside the obvious ease of use when working with an electronic wallet. Security is usually enhanced more with an electronic wallet than with a standard bank account.
Now the few downsides with this system is that the companies that offer this electronic device are not usually insured by the Federal Government in case of lost or stolen information or currency. Any transaction disputes would have to go through the electronic wallet issuer and issuers do not offer any type of earned interest while using their service. Though, with the low interest rates offered through most banking institutions some consumers see this as a moot point. PSY Pay is taking the electronic wallet a little further and even more convenient. They have teamed up with Kerv to release a ring that can contain all of your financial information. It’s one of the first of wearable “payment” pieces available anywhere.
Electronic wallets are very popular in European countries while being less popular than with older Americans. The payment ring has exceeded its 2015 Kickstarter expectations and has won several awards including, the Temenos Innovation Jam. This wearable payment option is expected to gain in popularity as PSY Pay has been recording a 30% gain in new users and has been growing steadiliy since 2015. To read more about wearable paying options, please click here.
Sahm Adrangi is the manager of Kerrisdale Capital Management, LLC. The company is fundamentally-focused asset manager that concentrates on long-lasting worth venture and unique event-driven conditions. Kerrisdale company has a little rank in Eastman Kodak Company. Kerrisdale can only gain if its price drops.
On his report, Sahm Adrangi stated that he believed KODAKCoin and KODAKOne were analytically faulty. He also alleged that the duo couldn’t offer any advantage for Kodak shareholders materially. Their dividends had gone higher on unfair hype. The Kerrisdale manager also claimed that participants of Kodak’s board of directors approved themselves a constrained stock the day before publicizing the introduction of KODAKOne. According to him, the act was a questionable move that carries a quantifiable risk of pulling an SEC scrutiny.
Kodak’s had declared that partnerships would not bar the company from announcing negative free cash flow, rising default risk and incomes. A private savings manager, Kerrisdale Capital, published its negative report explaining its short position in the Eastman Kodak Company. Eastman Kodak deals in industrial photographing and printing. Kodaks stock had risen to 187% after it broadcasted its partnership to introduce a blockchain-aided image accrediting podium and photograph-centric cryptocurrency. Kerrisdale company imagined that the declaration was a resonating trial to displace the ICO fad that did nothing to counteract Kodak’s modest essential and unmaintainable capital formation.
The report delivered by the Sahm Adrangi led company stated that Kodak was going through noteworthy liability maturities, stretched liquidity and used limiting debt agreements as the economy was in a free drop. They also said Kodak company was an underdog participant in the exceedingly competitive, economical and secularly deteriorating industry. Through Kerrisdale company report, Sahm Adrangi also accused Kodak company management of frequently failing to prevent undesirable free currency flow and poor extensive assured asset sales. The report also detailed that the possible ICO incomes and high expenditures from KODAKOne did not alter the high likelihood of the company bankruptcy declaration. Sahm Adrangi’s guided report recommended that the shareholders should have been concerned about an eventual wipe-out for photographers instead of proposing a new economy. The Kerrisdale company felt as if equity was valueless and held that it could imply a -100% weakness.