Tag: Vince Rapisura
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Challenges of investing in Bitcoin
Bitcoin is a digital currency that uses blockchain technology. It is located in a computer network, meaning it is only accessible through a network such as the Internet. Bitcoin is unregulated In the event of a grievance or dispute, there is no institution to turn to as the governing body of all transactions. The lack…
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Cryptocurrencies: Where does Bitcoin come from?
Should you be investing in Bitcoin? Will it sustain its massive gains? Is it safe to invest in it? A lot of people have become curious about Bitcoin again since its perceived value is near historic highs the past month. What is Bitcoin? Bitcoin is a cryptocurrency. Other popular cryptocurrencies include Bitcoin Cash, Litecoin, Ethereum,…
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Blockchains: Where does Bitcoin come from?
If central banks print currencies, where does Bitcoin come from? Blockchain Bitcoin enigmatically appeared in the Internet. Satoshi Nakamoto, its unknown originator, used blockchain technology in order to create Bitcoin. Blockchains are democratized “public” ledgers. Ledgers are the recordkeeping books that accountants and bookkeepers typically use. Thus, blockchains are one method of record-keeping. Because blockchain…
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SEDPI’s Social Welfare Protection Program
SEDPI offers the Social Welfare Protection Program (SWePP), where members can avail microinsurance coverage for their families in the Philippines or themselves. SWePP is a consolidated microinsurance and social safety net program and provides security and protection to low-income SEDPI members. As a hybrid form of insurance, it adopts formal, informal, and government social insurance…
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What qualifies as microinsurance in the Philippines?
Insurance involves pooling risk over a large number of similar units such as households, persons, or businesses. It protects people and businesses against financial loss by spreading their risk among large numbers, and is similar to the concept of “bayanihan.” Insurance is not an investment. You are not after financial gain. It is for protection…
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Never too small for hope (sari-sari store) – International Day of Rural Women 2020
Mary Jane Selecia is a mother of five who lives in a rural community in Upi, Maguindanao in the Philippines. She runs a sari-sari store (corner store) in her community. COVID-19 has significantly affected their household and community. To mitigate the spread of COVID-19, the government imposed community quarantine measures which includes physical distancing, movement…
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Never Too Small for Hope- Part III (Service Economy)
Federic Caneta / Resident of Cebu City – Furniture Maker The miter saw is silent in Federic Caneta’s workshop. The carpenter has a cabinet and a couple of shelves from commissions that were canceled because of the lockdown. His monthly projects vary with demand, “I make furniture on a custom-made or pre-order basis. Orders would…
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Never too Small for Hope – Part II (Transport and Logistics)
Image Credit: FreePik Respondent: Jhun Rodriguez / Resident of Quezon City- Tricycle Driver Jhun Rodriquez’s day would start with morning commuters in Quezon City. He is one of 4.5 million drivers across the country who have left their vehicles in garages until quarantine conditions are lifted. Jhun has put a ‘Family Use – Private’ sign on…
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Almost 4 in 10 nanoenterprises bounce back to pre-pandemic level
Update 10: SEDPI Rapid community assessment on the impact of COVID-19 to nanoenterprises Two months after the government started easing lockdowns in most parts of the country, 36% of nanoenterprises reported to have bounced back to pre-pandemic level. In May, only 18% expected to bounce back within one month which may be a good sign…