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Showing posts from January, 2021

4 Things to Know Before Investing in Cryptocurrencies

Selecting the right place to buy a cryptocurrency and a place to store or liquidate it is very important. There are many cryptocurrency exchange platforms; however, you need to make sure you choose one that offers a wide range of benefits in terms of storage, liquidation, exchange and other facilities. One such reputable crypto trading platform is the SUISSE BANK  PLC. The offshore banking institution provides a seamless experience buying, selling, depositing, storing, withdrawal, transfer or liquidation of any crypto into fiat. For this, you need to open an offshore private or corporate bank account and you will get a secured all-in-one wallet through which you can perform all crypto transactions. Most currencies provide the option to buy fractions. This helps mitigate the risk of putting thousands of dollars to bet. If you want to buy altcoins, you might have to spend some Ethereums or Bitcoins to make such a purchase. That is because investors cannot purchase altcoins using fiat mon

What is a Letter of Credit and How it Works?

 In the arena of international trading, a letter of credit (LC) is a vital financial tool that helps streamline the export-import process and build credibility. To define, it is a letter from a reputable bank or financial institution that guarantees the exporter will receive payment from the importer on time and for the right amount as agreed upon. In case the importer is unable to make the purchase payment, the responsibility of paying the full or remaining amount rests upon the bank extending such letter of credit.  The letter of credit works by guaranteeing both payment and time on behalf of the importer. Internationally-recognised financial institutions such as SUISSE BANK  PLCensure seller protection by issuing an LC, wherein if the importer is unable to make the payment by the stipulated period or later, the bank will pay the same if the exporter fulfils all the conditions mentioned in the letter.