Monk Global Payments, Inc.

Monk Global Payments, Inc. Monk enables faster, seamless and more affordable cross border payments across the globe.

On this auspicious occasion of sacrifice and devotion, Monk Global Payments, Inc. wishes Muslims around the world a bles...
07/09/2022

On this auspicious occasion of sacrifice and devotion,
Monk Global Payments, Inc. wishes Muslims around the world a blessed Eid Al Adha

We are powering more cost-effective diaspora remittance❕With diasporans who want to pay for their utility bills, mortg...
06/22/2022

We are powering more cost-effective diaspora remittance❕

With diasporans who want to pay for their utility bills, mortgages, real estate or other investments in their home country can do so with a low and transparent fee.

Join our early access list👉https://www.monkpay.io

Dads are most ordinary men turned by love into heroesHappy Father's Day to all the hard-working and inspirational father...
06/19/2022

Dads are most ordinary men turned by love into heroes
Happy Father's Day to all the hard-working and inspirational fathers and father figures! Thanks for all you do

Send or receive funds globally in real-time regardless of the funding source or destination!Using proven blockchain tech...
06/17/2022

Send or receive funds globally in real-time regardless of the funding source or destination!

Using proven blockchain technology cross-border payment solution is faster, more transparent, and more cost-effective than the traditional financial services

We're on a mission to remove the border from cross-border transfers❌No high remittance charge❌No delayed transfer❌No res...
06/14/2022

We're on a mission to remove the border from cross-border transfers
❌No high remittance charge
❌No delayed transfer
❌No restricted currency

Join the early access list👉 http://monkpay.io

That Friday feeling☺... It's the smile for us😄.A weekend challenge for you: Go through this weekend and every time you f...
06/10/2022

That Friday feeling☺... It's the smile for us😄.

A weekend challenge for you: Go through this weekend and every time you find yourself about to complain stop and find something positive to say instead.

Transfer funds across the globe from wherever you are!Enjoy the fastest and the lowest cross-border rates with Monk!Join...
06/09/2022

Transfer funds across the globe from wherever you are!
Enjoy the fastest and the lowest cross-border rates with Monk!

Join our waiting list 👉 http://www.monkpay.io/

Do you know that as of 2019 80% of central banks were engaged in work related to central bank digital currency (CBDC)Wha...
06/07/2022

Do you know that as of 2019 80% of central banks were engaged in work related to central bank digital currency (CBDC)

What Is a Central Bank Digital Currency (CBDC)?🤔
CBDC is an electronic form of central bank money that citizens can use to make digital payments and store value. A CBDC is a digital currency, it's issued by a central bank, and is universally accessible.

Interest in CBDC has grown in response to changes in payments, finance, technology, and the disruption caused by Covid-19.

A 2021 BIS survey of central banks found that 86% are actively researching the potential for CBDCs, 60% were experimenting with the technology and 14% were deploying pilot projects.

In simple terms, a central bank digital currency (CBDC) would be a digital banknote. Individuals could use it to pay businesses, shops or each other (a "retail CBDC"), or between financial institutions to settle trades in financial markets (a "wholesale CBDC").

A CBDC offers three main elements:
◼A digital currency
◼Issued by the central bank
◼Universally accessible

Some countries have already begun experimenting with CBDCs
➰According to Statista, the 2022 Winter Olympics in Beijing are expected to be more than just a sports event: Around this same time, predictions are that it will also introduce the world to Digital Yuan or e-CNY. This digital coin is a Central Bank Digital Currency or CBDC: A virtual currency created and issued by a central bank.

➰In 2017, the world's oldest bank, Swedish Riksbank, began its CBDC project called e-krona. In collaboration with Accenture PLC, a pilot took place from 2020 until February 2021, and the project was extended until February 2022.

➰In 2019, the Bahamas also began their CBDC project called "Sand Dollar'' — it was fully deployed in October 2020.

➰The monetary authority for the Organization of Eastern Caribbean States members, the Eastern Caribbean Central Bank, began its work on a CBDC project called DXCD to reach financially excluded parts of the population. Its prototype is being tested in Antigua, Barbuda, Grenada, Saint Lucia, St. Kitts, and Nevis.\

Real heroes never die. They always live in our hearts to inspire us, and motivate us,Today we remember and honor the ser...
05/30/2022

Real heroes never die. They always live in our hearts to inspire us, and motivate us,

Today we remember and honor the servicemen and women, both present and past for their selfless contribution and fight for freedom.

Embrace your failure, whether it is one failure or many failures because, with the right attitude and a willingness to l...
05/30/2022

Embrace your failure, whether it is one failure or many failures because, with the right attitude and a willingness to learn from your mistakes, you are guaranteed a lifetime of success.

There is strength in rising from our failures. So this week, brush past all your failures.

Cheers to a brighter week ahead!

: Digital identityAre you really who you claim to be?🤔This question has become an increasingly important question for b...
05/26/2022

: Digital identity

Are you really who you claim to be?🤔
This question has become an increasingly important question for businesses and individuals as the world becomes more digitally advanced

A digital identity is a networked or online identity claimed by an organization, an electronic device, or an individual for use in cyberspace. These parties may claim multiple digital identities across a variety of communities.

Put simply, one’s digital identity is a compilation of data about them, and it exists in a digital form – it can contain all sorts of information about you, such as your date of birth, search activities, purchasing behavior, etc.

Cashless Economy🤔Did you know that the trend toward the use of non-cash transactions and settlement in daily life began ...
05/25/2022

Cashless Economy🤔
Did you know that the trend toward the use of non-cash transactions and settlement in daily life began during the 1990s when electronic banking became common?

You may have heard of the phrase 'Cashless Economy' but would've probably brushed it off as doomsaying or too-far-into-the-future technology.

What is a cashless economy?🤔
A cashless economy refers to the economy where any type of money transactions are done through digital means like debit cards, electronic fund transfers, mobile payments, internet banking, mobile wallets rather than cash or cheques

According to an article in SmarterTravel.com, some financial experts are predicting that Sweden will eliminate cash as a payment method by the year 2023 and all of her transactions will use a digital payment method, such as credit and debit cards, RFID signals, digital wallets, and so on.

Should this happen, this would make Sweden the first cashless country in the world.

You might be thinking, “well aren’t a vast majority of purchases made electronically already?” You would be correct, as it is impossible to deny the convenience of digital payment methods

This being said, it's also important to remember that a cashless economy doesn’t just mean a major shift from cash to electronic payments, it means a complete shift in that cash is no longer used for anything

Many countries around the world are now embracing the concept of a cashless economy and leaving the concept of cash transactions as a result of the many digital advancements

Here are the top 6 countries going cashless according to FinTech Magazine
◾Sweden - As the first European country to issue banknotes, Sweden looks set to be one of the first European countries to get rid of them. Some studies suggest that physical cash could be eradicated from its economy by 2024.

Others are;
◾China
◾Norway
◾The Netherlands
◾Finland
◾United Kingdom

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