Banking
Cryptocurrencies and blockchain technology are parts of a rapidly expanding space hoovering up significant amounts of investment, talent and hopeful speculation. For the who may be scratching their heads: in short, cryptocurrency is a secure digital currency. It is not backed by any government, meaning that its value lies in the people’s trust in using it. When you trade or make a transaction with cryptocurrency, data is protected to ensure the transaction isn’t faked. That secure information is stored in a register or folder called a “blockchain.” However, the data within a blockchain cannot ...
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In Japan, many businesses still only accept cash. So when bank giant Mizuho had an epic fail, a lot of people were rightly panicking. A nationwide system failure hit more than 5,000 ATMs and affected their online banking platform too. During the last Sunday of February, customers were unable to withdraw money or make online banking transactions. Worse, the poor folks that were using ATMs at the time of the failure saw their cards and passbooks swallowed by the now turned-evil-machines. The glitch, reportedly caused by a data update of some sort, was solved by Sunday night. But many ATMs remain...
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Living in Japan will require dealing with finances, which also means learning how to do banking through an ATM. While Japanese ATMs these days have an English menu, they are limited to basic essential functions such as deposits and withdrawals. For example, Japan Post Bank has a remittance option in the English menu but is limited to transfers to other accounts using Japan Post Bank.Although bank transfers can be made through a bank teller, most banks close around 5 p.m. Most of us are, unfortunately, still at work. Rent and utilities are also commonly paid through automatic bank transfers. Bu...
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