Financial Technology

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Month: May 2018

Pros And Cons

Pros and Cons of Wearable Technology

Wearable technology: Snapchat Spectacles, Fitbit fitness tracker, Apple Watch, Google glasses.

The concept of wearable technology has been a sought-after market since creative minds put it in mainstream media (yes, I am referencing movies).

One out of six consumers in the U.S. currently owns and uses wearable technology, according to multiple sources. Whether its a watch that allows them to make a phone call or a bracelet that tracks your calories burned, Americans are all in when it comes to technology of the future.

Although the successes of wearable tech are far more discussed than the failures and its impact is further reaching than ever, it remains essential to consider the pros and cons of wearable technology for citizens.



Convenient. As a society, one of the top things we look for is convenience, which is one of the most significant selling points of wearable technology. You can easily monitor your progress of exercise or steps are taken without giving it one bit of attention. Other wearable technologies take the convenience even further. For example, the Apple Watch allows users to learn essential news stories, check messages and keep themselves informed with a glance at their watch.

Useful. In 2014, Rackspace and Goldsmiths released a survey that found wearable tech increased the productivity of employees by 8.5% and increased with overall level of job satisfaction by 3.5%. It is suggested that combining wearable tech with particular applications could improve a variety of businesses processes.

Hands-Free User Experience. This aspect is one that is often mentioned when selling products. As we get busier and busier as a society, improvements to wearable tech allow us to do more than ever before. In specific enterprise settings, such as manufacturing and oil and gas companies, hands-on products are very profitable.



Expensive. The prices for an individual piece of wearable technology are jaw-dropping. For instance, the cheapest version of the Apple Watch costs around $350 and the current Fitbits go from $100 to $250 depending on the features included. The expense of the tech is immediately called to question by the longevity of the products.

Data Accuracy. One of the biggest critical critiques of wearable tech, such as the Fitbit, is the accuracy of its data. There needs more development in the accuracy of each’s physiological measurements, as well as better positioning for sensors to analyze data.

Charging. This is the #1 top issue with wearable technology. Currently, device manufacturers are researching ways to extend battery life, while also looking for a natural charging solution. It seems that the answer to these issues will be wireless charging, which can hopefully lead to actual waterproof tech.

Robinhood Makes Cryptocurrency Affordable And Accessible Jacob Parker Bowles

Robinhood Makes Cryptocurrency Affordable and Accessible

Cryptocurrency is rapidly becoming one of the most popular investments, especially among young people. Dedicated investment platforms that focus on the currencies, such as Robinhood Crypto, are starting to come into use. More than a million people signed up for the platform’s early access program, largely due to the way that it makes trading easy and affordable for the average investor.

Zero-Fee Trading

Zero-fee trading is the primary reason for Robinhood’s popularity. Most trading platforms charge fees of at least 1.5% for trades and fees that reach up to 4$ are fairly common. That isn’t a huge problem for experienced investors, but it does prevent new or casual investors from taking part in the system by eliminating a large portion of their profits.

Robinhood is popular with that segment of the market because it does not charge any fees. That reduces the profit margin that the traders need to attain to justify their risks, which makes it easier for novices to come out ahead. Robinhood funds its platform by collecting interest on money that is deposited into investor accounts, just like the way that a bank makes money on deposits.

Ease of Trading

Part of Robinhood’s popularity also comes from the tools that it offers to make trading easier. Most of these tools were already in use for stock traders but had not become available to people who invested in cryptocurrency.

The platform allows a rapid transfer of up to $1000 from a bank account to the investment account, with the usual ACH transfer being necessary for larger sums. That money can be used to purchase cryptocurrencies at any time, and some transactions will even be automated through the system. Stock trading is also integrated into the platform for the convenience of investors.


Security is the final factor that is causing people to use the Robinhood platform. The platform helps to address security concerns by using a mixture of both hot and cold storage systems for the cryptocurrency, which provides a layer of protection from hackers. Regular reviews of the system’s code and careful management of the company’s personnel will also help to prevent the loss of data that could expose investments to theft. Taken together, these policies provide an adequate level of protection for investors.

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