Why Did Banks Ban Cryptocurrency Purchases Using Their Credit Cards?

The wave of banks that have banned the purchase of cryptocurrency using their credit cards grows as Wells Fargo is now on board with these type of bans. A number of other banks, such as Chase, Bank of America, Citigroup and more, are also part of this new trend that is limiting the purchase of cryptos.

Debit cards, it seems, can still be used to purchase crypto (check with your bank to be sure of their policy), but the use of credit cards to purchase crypto has taken a turn with these banks leading the way with these purchasing bans, and it probably won’t be long before this ban becomes the standard.

Seemingly overnight purchases started being cancelled when credit cards were used to buy crypto, and people who never had any trouble before buying crypto with their credit cards began to notice that they weren’t being allowed to make these purchases anymore. Volatility in the cryptocurrency market is the culprit here, and banks don’t want people to spend a lot of money that will become a struggle to pay back if a major cryptocurrency downturn happens like it did at the beginning of the year.

Of course, these banks will also be missing out on the money to be made when people purchase cryptocurrency and the market has an upswing, but they have apparently decided that the bad outweighs the good when it comes to this gamble with their credit cards. This also protects the consumer as it limits their ability to get into financial trouble by using credit to buy something that could leave them cash and credit poor.

Most investors who used credit cards to make cryptocurrency purchases were probably looking for the short term gains, and had no plans to stay in for the long haul. They had hoped to get in and out quickly, then pay off the credit cards before the high interest kicked in. But with the constant volatility of the cryptocurrency market many who had bought, with this plan in mind, found themselves losing a tremendous amount of assets with the downturn of the market. Now they are paying interest on lost money, and that is never good. This, of course, was bad news for the banks, and it caused the current and growing trend of banning crypto purchases with credit cards.

The lesson here is that you should never max out a line of credit to invest in crypto, and only use a percentage of your hard assets to make crypto purchases. These funds should be funds that you can have locked up for the long haul without it hurting your budget.

So, don’t get caught putting money into cryptocurrency that you will be needing soon just to find that a downturn has taken money out of your pocket. There is an old saying that goes, “Don’t gamble with money you can’t afford to lose,” and that is the lesson that banks want people to learn as they venture into this new investment frontier.

Prototype Technology Must Stay Up To Date

Product developers know that they need to engage in a close exchange with the producers at all times for prototypes of their PCBs to ensure that they are producible as planned. Exotic or highly innovative requirements quickly reach the limits of feasibility, since the production lines are not designed for certain prototypes or demands. Becker & Müller Schaltungsdruck GmbH from Kinzigtal in the Black Forest know this, of course. Prototype production is one of the focuses in this company. Therefore, an amazing 6-digit total has been put into modernisation of the production lines in the recent past there, in order to offer the latest technology at all times.

Becker & Müller were busy during the production-free time between Christmas and Epiphany. They focused on modernising their plants. Of course, it had all been planned with the corresponding lead time. The calmer time around the change of the year had been reserved for implementation.

Changing and new requirements from the clients that kept growing more and more demanding had made this step necessary. Anything that is doable at some point, in some manner, will be done by someone – and production must be ready for it. However, these investments are often impossible to calculate in advance from a business management point of view. It is impossible to tell if the technologies currently demanded will prevail on the market in the long run as well. Investments in the right direction can only be made with a confident sense of which developments will continue. It has paid off to look ahead of developments and to offer the production options before they are actually needed. An open eye and a certain sense of the market are a good insurance for proper investments.

For example, Becker & Müller Schaltungsdruck have now invested in development and modernisation of the wet process with a vacuum etching module by PILL. The industry has already had some good experiences with the vacuum etching technology. Standard PCBs starting at a thickness of 50 μm and reaching up to 5 mm can be processed in reliable quality on one and the same plant. The technical update now permits implementation of even finer structures in higher qualities than before. The detailed plans for the improvement were able to mostly avoid interruptions of the ongoing process. A team of technicians from PILL was on site and able to support the work immensely well.

Becker & Müller Schaltungsdruck GmbH broadened its footprint on the market by its acquisition of Häfele. The organically developed customer base with its individual and new demands provides a good overview of what will determine the future framework for requirements in the industry. The previous base material storage had grown too small, requiring an investment of 26,000 Euro in order to bring operation of the warehouse to the newly required skills and the necessary size. The customers taken over from Häfele had some different requirements from the previous customer base where base materials were concerned. This led to some further options to choose from among HF materials.

The base material storage was enlarged and the computer-supported warehouse management was updated and improved. For example, the system will easily find its way between FR4 or PTFE materials in the great material diversity in the paternoster warehouse, quickly and reliably retrieving the right material for any customer’s order.

Analysis also showed that use of HotAir is still widespread in tinning of PCBs. Modernisation of the surface area is therefore another investment with a good outlook. At the same time, the pre- and post-cleaning steps in the process were changed. HAL surfaces are more cost-efficient than chemical SN or chemical Ni/Au and therefore, of course, in high demand among the customers. Since plant builders also continue to develop new features, the investment in this area also meant investing in improved quality, reducing maintenance intervals by separate pre-cleaning and increasing employee productivity with a buffer.

Environmental aspects and quality increase are important aspects in decision-making at Becker & Müller Schaltungsdruck GmbH. Detailed test series with thorough analyses showed that surfaces are becoming more even in the newer process, as proven by their microsections. This production area alone had an investment volume of approx. 80,000 Euro.

It’s impossible to do without computer-based processes in modern productions anymore today. Data protection is one central item. Therefore, it was clear that this area also needed to be part of the service provider’s investment strategy. In order to minimise external influences and risks, locally separate EDP systems, RAID systems and further backup strategies were developed. It was an investment in safety and future capability. This also meant moving towards the new EU General Data Protection Regulation GDPR (2016). European data protection law has been updated. After a transfer period until May 2018, specified companies must have adjusted their processes, procedures and hardware to prevent damage for other companies and persons.
The galvanisation machine received a “software facelift” as well, and program input for the individual panels through a data matrix code reader was automated. It was already possible to foresightedly anticipate further developments in operability, the latest safety requirements and upcoming reinforcements in the overall IT strategy. This is another investment with a good perspective.

Further investments are put on the technology roadmap at Becker & Müller. No matter if they are made for another measuring machine in the test area or a new system for drill management: The bidirectional exchange between the development department of the product manufacturers and the DFM department of the PCB producers has proven to fertilise healthy developments.

What Digital Marketing Expert Says About Digital Marketing Future

That is actually an age from material advertising and marketing: Gone are actually the times from universal advertising. A Digital Marketing Company creates the advertising and marketing initiative highlighting the prominent attributes in such a means that they strike the audiences in the fastest feasible opportunity. Given that individuals find lots from relevant information in the kind from company message, this is actually in addition crucial for a Digital Marketing Company to create appealing as well as artistic information. User-specific electronic advertising initiative will definitely create individuals knowledgeable from the simple fact that their tasks are actually being actually tracked through electronic advertising providers.

This is actually a period from information advertising and marketing: Gone are actually the times from common advertising. As individuals anticipate even more enticing expertise, artistic supervisors possess to invest terrific initiatives on contemplating special information. A Digital Marketing Company develops the advertising and marketing project highlighting the remarkable attributes in such a technique that they strike the visitors in the quickest achievable opportunity.

As fast Internet is actually readily available in budget-friendly prices on portable gadgets, company managers are actually pushed to choose a pro Internet Marketing Company for a successful on-line visibility.

Pinpoint aim at advertising will definitely displace whatever: With a boost in individual profiling as well as market segmenting, artistic developers will definitely possess to establish a certain web content that targets to particular target market. Every Internet Marketing Company are going to be actually obliged to examine the consumer actions prior to supplying information.

A significant boost electronic advertising in the latest years, as well as the exact same fad appears to carry on in the happening years. Depending on to price quotes, firms are going to devote extremely higher on electronic media as reviewed to the standard one. As fast Internet is actually accessible in economical costs on portable gadgets, company managers are actually required to employ a pro Internet Marketing Company for an efficient on the web existence.

Customers will certainly protest to invasion right into their personal area: This is actually extremely a lot very clear that individual profiling has actually to be actually performed through tracking the individual actions and also task on the Internet. User-specific electronic advertising and marketing project will definitely make folks knowledgeable from the simple fact that their tasks are actually being actually tracked through electronic advertising business. Specialists experience that this will definitely be actually an issue from problem in the happening years.

Effective Lead Generation Through Digital Marketing

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