Thursday, 17 October 2013
Money Changes
We all have heard of the term digital or electronic money at some part of our lives at least most of have heard of it. For the people I know and who I have grew up with these are ideas that must be adopted! This is that type of money that manly operates in cyberspace and networks. There is no physical contact with this money for example paper money. More and more banks have long adopted the system and are working on ways that their consumer can also catch on.
Security is one of the main issues that still bother people with the use of electronic money. As we have witnessed over a week ago almost all South African major banks have been hit by a scam that involves millions of rands even more. So how are we to enter this market with surety of nothing ever happening to our systems. Are we suppose to go in hoping and praying that every thing will be fine.
The chances of you starting a business online and it being hit by hackers are 1 in 100. The are rules online that have to be followed and and doing so will drastically help you to succeed. Most people are putting all their trust on a certain company with all their information wishing nothing ever goes wrong.
To protect our monies the truth is we have to know more about security than we do now, if we are to compete. Starting a online business is easy today. With a business comes the risk of handling money. I'm only thinking of one solution to this problem is is to learn coding. Technology is trying to hide behind code.
For those who wish to start a business and handle electronic transfers you can think of other options. Learning to write code is something that can be done as a hobby. For the people I know this is the only option!
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