What is Amazon Flex? Earn Money with Amazon Flex?

Amazon Flex

Amazon Flex is a program that allows you to generate between 120 and 140 rupees per hour. All you have to do is provide a customer package on behalf of Amazon. At present, residents of Mumbai, New Delhi and Bangalore can join the Amazon Flex program. In the coming months, Amazon will launch this program in more cities, and finally throughout India, Achilles Saxena, Vice President of Asian Customer Fulfillment, said in a media statement. Anyone over the age of 18, including students, housewives, rickshaw drivers and drivers, retirees, unemployed men and women and full-time employees, can join the Amazon Flex program and earn 30,000 or more a month.

Steps to start with Amazon Flex

  • Download the Amazon Flex application
  • First, log in to your existing Amazon account or create a new account to join the Amazon Flex program.
  • If you use a computer, visit Amazon Flex here.
  • You can also put this link on your smartphone and download the Amazon Flex application directly.
  • You must provide full access to Amazon Flex by notifying the security settings of your smartphone. Most importantly, the Amazon Flex application must have access to your geographical location.
  • Amazon shows that you need a smartphone running Android 6.0 or higher with at least 2GB of RAM to use the Amazon Flex application and become a software partner.
  • In addition, your smartphone must have a flash camera, GPS location service, and an active SIM card with voice and Internet connectivity.

Entering Amazon Flex

Now fill in the required information and submit your application. You can send this application to the Amazon Flex Program website mentioned above, or directly to the Amazon Flex application.

Here is the information that you need to enter when logging into Amazon Flex.

  • Full name
  • sex
  • Date of birth
  • Whether you have a two-wheeled vehicle (moped, scooter or motorcycle)
  • DMV record
  • Vehicle ownership information, including vehicle registration and SIM
  • Car insurance and validity
  • Information about your vehicle’s PUC certification
  • Permanent Account Number Card (PAN)
  • Information about your personal savings account or checking account at a bank in India.
  • In general, Amazon Flex requires 5 to 10 business days to process your application as an Amazon Flex Partner.

Amazon conducts background checks on all Amazon Flex candidates. For this reason, your application and your data will be forwarded to a background inspection service provider.

Usually a background check takes between 5 and 10 days. Therefore, you have to wait for the Amazon Flex application to succeed.

Background check

While you are waiting for a background check, which takes place between 5 and 10 business days, here are some basic options.

Watch videos on the Amazon Flex website to get to know the program better.

Learn about best practices for providing online learning packages on the Amazon Flex website. Get to know the area where you want to send as an Amazon Flex Partner. Learn about the rules and regulations for shipping from Amazon India. Understand the right techniques for handling Amazon Flex delivery packages to Amazon customers.

Familiarize yourself with the shipping blocking process that Amazon uses for its Amazon Flex partners. I will explain the key delivery system later in this article. However, you can find more information directly on the Amazon Flex Program website. Amazon does a background check because there have been cases in the past when unscrupulous Amazon Flex drivers found expensive items. For example, some customers who order cellphones are surprised when they find soap in the packaging.

Amazon Flex shipping block

You are not the only Amazon Flex partner that works in certain areas. In addition, Amazon packages must arrive in your area before they can be taken for delivery.

That’s why the Amazon Flex program has a system called Block Delivery. You must select the area where you send to Amazon as an Amazon Flex Partner. Therefore, you can only choose Amazon Flex shipping units that are available in your chosen range. Typically, the delivery area is an area of ​​5 km to a 10 km radius. More detailed zone details are expected from Amazon.

Simply put, a delivery unit is a timeline where you can send packages to customers. You can choose the delivery unit on a certain day that suits your schedule. However, there must be a delivery unit. That means it can’t be taken by someone else. You can send pre-bids for shipping units. To ensure that packages reach customers on time, Amazon Flex does not allow you to order overlapping shipping units. The number of shipping units is unlimited. However, it is important to ship the item during this shipping schedule. Failure to comply will have serious consequences. You lost the money you received from shipping from Amazon, and maybe your Amazon Flex partnership. Ordered or available shipping units appear as orange and black dots in your Amazon Flex application.

As you know, Amazon COD is very popular among Indian online shoppers. This means that the Amazon Flex driver receives money for Amazon when the goods are being sent.

Strict shipping rules for shipping

The point of sale or ATM provided by Amazon must be returned to the original point of receipt if you have completed delivery for that day. Any money collected by customers for COD orders must be correctly calculated and sent at the time of original receipt after completion of the day. Additionally, any package that you cannot send for any reason must be returned to the original place of receipt at the time of your departure. Failure to comply can have serious consequences, for example. Salary and membership losses at Amazon Flex, or even criminal charges, are high and expensive.

Unless you make changes to give shipping customers cash, you have the option to credit the balance to your Amazon Flex Pay account.

In India, it usually offers cash tips to Amazon Flex drivers, and some customers are very generous. They also offer food and drinks for Amazon Flex drivers. This tradition goes back centuries and has been valid today. Amazon India has not set rules and regulations regarding tips given by some customers to Amazon Flex drivers or taking food and drinks from customers. For this reason, we can assume that you must follow customer’s advice. However, I suggest you check this on Amazon to avoid unnecessary problems later.

Amazon Flex Partners Insurance

Amazon India includes Amazon Flex partners with group insurance. However, your car and other items are taken to shipping and are not insured. In addition, Amazon will not pay a third party if another vehicle is damaged due to an accident that caused it.

Amazon offers 500,000 rupees in accident insurance for Amazon Flex’s standby partner.

In addition, while serving as a partner for Amazon Flex, Amazon will pay permanent compensation of Rs. 50,000

For this reason, it is recommended to convince yourself and your vehicle before you apply to become an Amazon Flex Partner.

Payment from Amazon Flex

As an Amazon Flex Partner you will receive between 120 and 40 rupees per hour worked. Amazon will not pay you fuel costs separately. Because Amazon sends every day from morning to around 9:00 pm, you can earn more money by working longer hours. You can choose when you want to send the package as an Amazon Flex Partner. The time is flexible, but the delivery unit must be available according to your schedule.

Payments are made weekly on Wednesday. Your money will be transferred directly to the bank account for which you provided data when registering. Also, remember that your income from Amazon Flex will be taxed under Indian law if you work elsewhere and have a fixed salary. However, you only need to pay taxes if your regular income and Amazon Flex exceed the income tax exemption threshold.

You can lose your membership in Amazon Flex by asking a third party to ship merchandise on a commission basis. Amazon will review your background and only take you as an Amazon Flex Partner if you have clean records. If you entrust delivery to others, your Amazon Flex membership will automatically end.

Even worse, as a criminal, you could be in serious trouble if the person who hired you ran away with a package containing expensive items or money from cash at the time of delivery. Remember, this is your PAN card and data owned by Amazon, not from third parties. So don’t go into risky businesses with the Amazon Flex program, which is advertised by several YouTube blogs and videos.

Amazon has separate programs for logistics companies and small package delivery companies. With this program, registered companies and small businesses can send their Amazon Flex drivers to customers. In such cases, logistics companies and shipping agents must provide Amazon with some guarantees and sign the appropriate contract. This program has nothing to do with Amazon Flex, so don’t confuse them.

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What is Google Question Hub? How to use it?

What is Google Question Hub?

Google Question Hub Tool is a Google platform that focuses primarily on questions that have not been answered on the Internet. This is a tool that allows the blogger community to understand frequently asked questions. These questions are those that do not have the correct answer.

Currently this tool is only available in three countries. These are India, Indonesia and Nigeria. Also in terms of language, it only focuses on English, Hindi and Indonesian.

There are people with internet access in the three countries mentioned above, but they don’t have this factor in terms of language skills. In the end, they often ask questions in their native language.

Speaking of Indian Hindi is the most commonly used language. There are some total populations who find it easier to find their questions in Hindi.

On the other hand, there are almost no blogs to answer these questions in Hindi. Therefore, there is a gap that Google tries to fill with this tool.

The same is true for the other two countries. In Indonesia and Nigeria questions are asked or answers are sought in their native language. All common unanswered questions are available for questions on the Google Hub.

How do you answer the question in the question centre?

It is Easy to answer questions in the Question Centre. First, go to questionhub.google.com. What you can use for your email address and password if you have access to the Question Centre

  • After logging in, you will see the Questions Hub homepage.
  • You can add questions to click Add question
  • Click the question and answer button next to the question and send a link to your article. If you don’t know the answer, you can reject it.
  • With a topic, you can add up to 5 questions at a time and a total of 100 questions.

Remember that you post a link to a website or blog post that you think is relevant to users.

Benefits of using the Question Centre tool

Incidentally, this tool is very new, with a few added features, but can be very useful for new or old bloggers or content creators (publishers). Tell us about the benefits of the Question Centre tool.

1. The idea is written

The idea of ​​content for a blogger is very accepted by Miskil. With this tool, you can easily pick up ideas for content.

2. Consumer problems can be solved

If the user’s question in question is addressed to the publisher, their problem can be easily resolved.

3. You can also increase the ranking of your Google Search articles

If publishers correctly mention consumer problems in their articles, their ranking can easily be advertised on Google Search.

4. Increase traffic

By the way, you can’t increase traffic to your blog, but if your article lines are well written, your traffic will eventually increase.

5. Can improve content quality

Often, bloggers are annoyed with the quality of their content. By using this tool, they know what they want to add to their content so they can solve user problems. The quality itself will increase automatically

6. Increase product visibility

If you ask questions in your articles and share them on social media, you can write unique articles that greatly increase the visibility of your articles.

What is Google Question Hub and How to Use It?

Now you have in-depth knowledge of the Question Centre tool. And if you can’t wait to use this Question Centre tool, you can join and answer the questions in it. However, you cannot participate directly in it. You need to take a few steps, let us know.

First, you can click the Queshub.google.com Question Centre link

A page with two options will now open in front of you. Which is about like that?

  • One to enter and the other to enter (if you have not yet created an account). The second option will say something: express your interest in using the Question Hub here. Click “here” to continue.
  • As soon as you click it, your mailbox will open in front of you. You can also send an email. You must add your full name, email address and a link to the website. After you do this, you must send an email inquiry center. You can also request access to the Question Hub team via the link below.

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What Is Alexa Rank? How to Increase Alexa Rank?

What is Alexa?

Alexa is an Amazon product that maintains website rankings according to its performance. For websites, the number of daily visits and page views determines the ranking of the Alexa website.

More traffic = increased Alexa ranking

The most important part of Alexa ranking is adding value to website search traffic. This means that your site’s ranking will increase when visitors who install the toolbar in your browser visit your website.

Here are the important tips for increasing Alexa ranking on the website

1. Write high quality content

As you know, content is an important part of any website. Using non-duplicate content for websites and applications will definitely increase your Alexa ranking.

Unique content = search engine rankings (extended) = Alexa ranking expanded

In fact, the search engines like the unique content of each website and its statements. If your content is unique, search engine rankings will increase and because search engine rankings will increase, so will Alexa.

2. Install the Alexa Toolbar

This is the best way to increase your Alexa ranking because all your visits to your site will be reflected in your ranking. It contains a pop blocker, a search engine list box, a link to amazon.com and information about the current Alexa ranking.

3. Work with relevant keywords that drive traffic to your website

To improve your site’s ranking on Alexa, you must work with targeted, relevant keywords, and keyword traffic. It is highly recommended that you look for keyword research before continuing to promote your website. You must have targeted keywords to develop rich content. There are many free tools (such as Google Ads) available online to find relevant keywords for each domain. You can even try the Alex Keyword Complexity Tool.

4. Publish useful content

The most useful and important part is posting high quality content so that you can get more and more search engine traffic, which can easily increase your Alexa ranking.

Here, good link = Follow Back Link.

Do Follow (up) link = PR (up)

PR (Enlarge) = this site is able to sponsor, affiliate marketing, etc.

5. Social networking

In fact, social networking gives you the number of visitors to your website, and with the increase in the number of visitors, Alexa ranking will definitely increase. There are several types of social networking sites that you can use to attract visitors:

  • Very delicious
  • Newsvine

6. Submit your site / blog to search engines and directories

The blog index stores websites and online magazine goals as indicated by various classes. If your site has been reviewed by a catalogue, you will be the owner of the website tagged on the blog. This will bring traffic to your website and function as a link to the incoming link.

7. Work on high-quality connections

Search rankings, which produce more quality and better references, are offered by various experts. By using quality links, search engines can uniquely identify the authority and quality of your website. Because of this, it increases the ranking of your Alexa site.

8. Analyze your site to ignore placements by mistake

To improve the ranking of your Alexa website, you must ensure that your website is functioning properly, that all existing websites are accessible, and that there are no errors on your website that can interfere with your SEO efforts. Major search engines, like Google, research website errors and your website can be taken down in the search results if it finds a website error.

Alexa.com has sophisticated audit tools for analyzing websites. Try and find out serious bugs and other technical problems that you can fix to improve your Alexa ranking.

You can analyze your website with the Alexa SEO Audit Tool.

9. Increase search access to your website

Website traffic has increased with more and more search engine traffic. If your website is indexed by search engines on the first page, you will see more and more traffic to the search engine, which will increase your Alexa ranking.

There are no SEO tips

  • A consistent blog
  • Encourage visitors to share your website
  • Guest blog
  • List of directories on your website

SEO Tips

  • Use relevant keywords. Use keywords in your title, website description, name and domain name (on the SEO page).
  • Use ALT tags in images and links
  • Use the correct anchor sign
  • Use strategic keywords in meta title
  • Perform proper exchanges and exchanges optimization
  • Good links that can capture your high-level search engine sites. Use most links
  • Get paid traffic with Google Ad Words or Microsoft Ad Centre.

10. Installation of Alexa Widget/Toolbar.

I emphasize that in my experience. I recommend installing the Alexa Widget or toolbar in all browsers on all computers if you have more than one and set your site as the default website for everything. Share your content as often as possible on social networks and watch weekly changes to the Alexa leaderboard. Your Alexa ranking on your website is the result of finding activity on your site. The activity of using the Alexa toolbar is an important measure in this song.

There is no direct relationship between SERP position and Alexa position on your site. Connection is about activity.

If the SERP results on your site are legally clear, activity will increase more, resulting in a better Alexa ranking. The better the position of Alexa will help your website ranking. This site is more mainstream; guest activity is high, which brings more support for Alexa positioning.

Remember to post to your comments how Alexa is useful for you!

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What is Bounce Rate in SEO and How to Reduce It ?

Bounce rates can be one of the more mysterious indicators of measuring digital marketing efforts. Usually analysed to give an idea of ​​what the overall user experience of the site is.

Google Defines Bounce Rate as:

“Percentage of visits to pages (i.e. visits when someone left your site from the home page).”

In essence, this means that visitors who “bounce” the page have left the page and site after only showing one page.

Although this definition is quite simple, the underlying reasons for a rebound can sometimes be more complex.

Sometimes, a high bounce rate indicates that a bad user experience.

In other cases, however, a high dropout rate can be a sign of a positive user experience.

We listed some useful tips to decrease the bounce rate. 

1. Record the Page Load Time

If the user has to wait too long (and more than three seconds) to load the page, it will result in a very bad user experience.

Page content doesn’t matter if visitors can’t see it right away.

Page load time is even more important for mobile devices, because users tend to be frustrated by slow loading and unloading times.

2. Facilitate a Search on the Website

Many websites still fail to add search functionality to the site.

If users are looking for something they don’t immediately see on the page, this is a very useful tool that they can look for rather than actually leaving the page or site.

3. Easy Navigation

Navigation must be easy and uncomplicated for visitors.

When users reach the website, it must be clear where the content is.

If it is not simplified and clearly stated in intuitive navigation, they will most likely bounce off the site.

4. Focus on Good Design

A good website design is intuitive and strengthens user confidence.

Visitors will not spend a lot of time on sites that are difficult to navigate or hard to believe.

Provide a visitor experience that is not complicated. Start with a great design that is not only aesthetically pleasing, but also functional, intuitive, and easy to navigate.

5. First, save Your Mobile Device

Mobile users have even less patience than desktop users. Websites must have attractive designs to provide a solid user experience for mobile users.

6. Remember Legibility

Website content must be formatted clearly and effectively. This is important for usability because no website visitor wants to see a lot of disorganized text.

In this case, users usually miss important content. 

However, if this content is formatted in smaller blocks, including bullets or the same image or video content, users can process that content much more easily and are more likely to be read as a whole.

7. Short Paragraphs

One of the main reasons a website’s general readability is content length.

Place content in a short and easy to understand section so that your visitors can quickly read the content they are looking for.

8. Use Various Types of Content

Another focus when reading websites is to create various forms of content for users, not just text.

Video content is very interesting and easy to capture, more than just copying.

High-quality images can also help attract the attention of visitors to your website and potentially reduce the bounce rate.

9. Relevant Keywords

Use relevant keywords that apply to the site.

If a website ranks high for a keyword, but the site does not contain content for that keyword, users will quickly jump out of the site.

It is very likely that they will be disappointed and misled by their experience, which can reduce self-confidence.

10. Relevant Audience

Like relevant keywords, relevant content must be used throughout the site and the right users must be handled.

Identify the main audience of the website and create niche content around that audience.

Targeting should not be too broad, because it is more likely to attract users who are not looking for what your site has to offer.

By agreeing and focusing on a specific group of users, you can ensure that you find people who want to find out what your site has to offer.

These users are more dedicated and willing to spend time researching your site

11. Optimize Your Traffic and Content First

Before you optimize your blog to reduce bounce rates, you must first optimize your traffic and content. Here’s the problem: The traffic that you direct to your blog must be interested in what you have to offer. So, if your WordPress blog and traffic efforts attract the interest of people who are interested in Drupal or Joomla, no matter how many tips you follow, the drop-out rate will not go down a little because your traffic takes care of it.

One super easy change you can make is to optimize all your titles (for blog posts and pages). For example, we originally had the following title for this blog post:

However, this is widespread with respect to our blog audience. Why? Because our traffic and viewers are people and businesses who are interested in WordPress. We also share certain WordPress tips. That’s why we slightly changed the name of the title to:

What is its function? This helps improve the quality of Google traffic (SERP). People who search will find that this is a level of demolition for WordPress users, not for anyone. This can reduce the total number of visits but increase the quality of traffic. This in turn reduces the dropout rate. Simple changes, such as those made in your content, can have an extraordinary ripple effect.

Another great traffic optimization was found in Google Analytics where the source of traffic has attracted active visitors (the lowest bounce rate and the highest number of page views and average visit time) and then made use of this information. Visit these sources and let them share your content or collaborate on an article. In other words, get the data you already have.

12. Limit Annoying Advertisements

In addition to avoiding pop-ups, annoying advertisements must also be avoided.

Static ads should only be stored on web pages so that the user’s attention is not directed in various directions, increasing the likelihood that they will not focus on the area they want.

13. Convincing Calls to Action

The CTA must be clearly visible on the website.

Users should be able to find this within the first few seconds after entering the page.

CTA must also be persuasive to convince users to click on it. The deepest and darkest details are important for CTA. Color, font, literature, etc. What is used is an element that can make a big difference in the case of someone clicking.

14. Limit Broken Links

A large number of broken links will only result in a bad user experience, leaving website visitors dissatisfied and frustrated if they cannot find what they are looking for.

There are several ways to find broken links on websites, such as: Through Google Search Console or through websites like Screaming Frog.

15. Focus on Internal Communication Strategies

Concentrate on increasing the likelihood that users will remain on your site by using internal links to keep users there.

In this way, users can easily navigate the area of ​​the site they are looking for, and the overall user experience remains enjoyable.

16. Make Sure the Link in the New Tab Opens

When creating a reliable internal strategy for linking and linking to other pages on the site, keep in mind that this link is open in section.

This can increase the amount of time users spend on a website because several pages open at once.

17. Create a Useful 404 Page

Page 404 should not only return pages that did not find the message to the user.

It must also provide alternative options for users to navigate so as not to leave the site.

18. Blog Often

Continually creating new content that offers consumers a variety of topics to explore can help make people visit and stay on the site.

19. The Reliability of Advertising

Visitors are always looking for website reliability.

When visitors land on your website, they undergo a content survey and evaluate how reliable it looks.

To build trust and increase visitor confidence, you should include positive reviews for your site’s products and / or services.

Look at all the special seals and make sure the site is safe for users to trust the site. This reduces the chance of a rebound.

20. Use Google Analytics and other Tools

You can use different tools to track user interactions.

Google Analytics can track:

  • Time on the site.
  • Bounce rate.
  • Pages per session.
  • The most visited and least visited sites.
  • And much more.

Other tools, like HotJar, provide thermal mapping and visitor logging so you can see exactly what users are doing during the session.

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What is Facebook Libra Coin? What you Need to know?

Facebook finally revealed the details of his Libra Cryptocurrency (known as Facebook libra currency) , which allows you to buy things or send money to people at no charge. You will buy or redeem your scales online or at a local change bureau like a grocery store, and publish them with a compatible third-party wallet application or Facebook libra’s own wallet, which will include WhatsApp, Messenger and the application itself. Today, Facebook has released a white paper describing the scale and curvature of the block chain system before it will be released in the first half of 2020.

Facebook will not fully control the scale but will only receive one vote in its management. Other founding members of the Libra Association, including Visa, Uber and Andreessen Horowitz, each invested at least $ 10 million in project operations. The association will promote the open platform Libra Block chain and the developer platform with the Move programming language itself and will register companies that accept Libra as a means of payment and even offer discounts or gifts to customers.

Facebook found a subsidiary called Calibra, which handles crypto transactions and protects consumer privacy by never mixing your Libra payments with your Facebook data, so they cannot be used to target advertisements. Your true identity is not tied to your transaction that can be seen publicly. However, Facebook / Calibra and other founding members of the Libra Association will be interested in the money saved by consumers to keep the value of Libra stable.

The smart pursuit of global digital currency by Facebook that promotes non-bank financial involvement is indeed more secretive and decentralized than many people think. Instead of trying to dominate Libra’s future or make lots of money right away, Facebook plays a long game by attracting online payments to its domain. David Marcus, Vice President of Facebook Blockchain, explained the company’s motives and relationships with its main source of income during a briefing at the historic San Francisco Mint Building. “As more marketing happens, more and more small businesses will sell more on and off the platform, and they want to buy more ads on the platform, so this is good for our advertising business.”

In cryptocurrency, Facebook sees both threats and opportunities. They are committed to disrupting the purchase and sale of goods by eliminating the costs of ordinary credit card transactions. This is adjacent to the Facebook advertising business, which influences buying and selling. When a competitor like Google or novice makes a popular coin and can monitor transactions, it learns what people buy and can handle billions spent on Facebook marketing. At present, 1.7 billion people who do not have a bank account can choose anyone who offers alternative financial services to them, as well as their online identity providers. This is another thing Facebook wants.

However, existing cryptocurrency such as Bitcoin and Ethereum are not properly scaled to become a medium of exchange. Their unencrypted prices experience large and unexpected fluctuations that make it difficult for traders to accept payments. And cryptocurrency loses a lot of their potential beyond speculation, unless there are many places to take over the dollar, and trying to buy and spend it is easy enough for the general public. But because Facebook appeals to 7 million advertisers and 90 million small businesses, the company is well prepared for the problem.

Now Facebook wants to make Libra for further development of PayPal. We hope Libra will be easier to make, more ubiquitous, more efficient, at less cost, more accessible to non-bankers, more flexible for developers, and more sustainable through decentralization.

“Success means someone who works abroad can quickly and easily send money to their families at home, and a student can pay rent as easily as they can buy coffee,” Facebook wrote. This will be a big improvement today if you can no longer rely on unsecured checks, while money transfer service providers charge an average of 7% to send money abroad and $ 50 billion in annual consumer income. This scale can also feed small micro-transactions that are worth a few cents, which is not possible with the attached credit card fees, or replace your prepaid transit card Or it can be ignored by consumers around the world who find it too difficult, too little or too unusual to pay, and whose use is limited to lure them into the current financial landscape. Facebook has gained a reputation for products that are overly developed and underused. He will need whatever help he can get if he wants to replace what is already in our pockets.

Facebook has just rediscovered digital money. Facebook cryptocurrency, which will be launched early next year, looks more like PayPal than Bitcoin – it’s designed to be easy to use for anyone. But it’s still difficult to understand, so I will understand it nice and easy.

Libra is like money that lives on your mobile. How do you buy cryptocurrency on Facebook? Starting in 2020, you can buy Libra on your mobile through the Libra Wallet Wallet application or at your local grocery and convenience store. They make money in local currency with dollars and get a number of coin scales that are almost the same as those represented by these three wavy lines emojis, not the $ symbol. But first you have to verify your identity with a photo.

You can then spend your money on online purchases, or maybe pay for things like Ubers or your Spotify subscription, because these companies work with Facebook to make Libra popular. Because it’s almost free to digitally move scales from one account to another, you don’t have to pay high fees for credit card processing, which can reach 4% of your total. The application and Libra wallet shop offers bonus discounts or free coins for registration and payment with Libra.

You can also send money from friends and ask them like you do with Venmo or PayPal. It’s easy to send Libra because this is a message. In fact, Facebook is building its own Libra portfolio called Calibra, which will be included in WhatsApp, Facebook Messenger and stand-alone applications.

You do not need to provide the name and real identity of your payment, but the payment is public. Facebook knows it’s a bit scary and you might not want to spy on what you buy. That’s why Facebook has established a new company called Calibra that separates all of your financial information from your Facebook profile. This means that your transaction data cannot be used to refer you to advertisements, order back news feeds, or sell your information to merchants.

In the end, Facebook hopes you can use Libra to pay your bills, scan your wallet’s QR code to buy coffee, or tap your cell phone to buy your public transportation ticket. You can always make money from Libra and deposit your local currency into your bank account or send it to your local grocery store.

But how does Libra Cryptocurrency work technically … without some fashionable blockchain? Scales are coded so that the price is stable, safe and not only controlled by Facebook.

In its place, Libra is run by the 28-member Libra Association, which is expected to grow to 100 members when it is launched in the first half of 2020. Financial companies such as Visa and Mastercard, traders and applications such as eBay and Lyft, venture capitalist funds such as Andreessen Horowitz and Union Square Ventures as well as non-profit organizations such as Kiva are members. Everyone pays at least $ 10 million to get a vote in the Libra council, which controls what happens to the currency. You are responsible for checking to ensure that the scale of the transaction is genuine and forms a reserve balance.

Every time you make money in dollars, this money will be transferred to a large bank account called Libra Reserve, which will make and send a balance to you. The Libra reserve consists of the most stable international currency collections, such as the US dollar, British pound, euro and Japanese yen. The idea is that the balance value will remain stable even if one of these currencies goes up or down. In this way, the shops accept the scales as a means of payment without worrying about the value of the coins going down tomorrow. Large price changes are the reason why older cryptocurrency such as Bitcoin or Ethereal has not become popular as a payment method. Scales can also handle 1000 transactions per second, while Bitcoin can only handle 7 transactions.

How do Facebook and other Libra members get money? There is no interest for all assets held in Libra. After the Scales Association pays for its business and technology investment, members will receive a reduction in the remaining interest in proportion to the amount they invest to join. If Libra becomes popular, many people pay money and reserves increase, interest rates can lead to significant income for Facebook.

But there is also a good second way for Facebook to become rich with Libra. If currencies make it easy for small businesses to accept payments online, they will sell more. You then have to spend extra money on Facebook ads, which makes it quick to buy items with Libra. Ninety million small businesses already have Facebook pages, but Facebook only has 7 million advertisers. As more local marketers turn to ad buyers, Facebook’s revenue can grow quickly.

Libra’s big risk is that anyone will be able to develop applications for it. This can cause a different situation at Cambridge Analytica. But instead of making application that cleverly steals your personal information, it can steal your digital currency. Facebook and the Libra Association said they would not review Libra developers, leaving the door wide open for abuse. And when people are cheated, they blame Facebook.

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