Virtual Banking and Financial Inclusion

Financial sector is constantly striving to find new ways to provide financial services to the world's population as the fact that banks play a key role in promoting online businesses. The increase in technology in the financial industry (FinTech) seems to have filled the gap in the inaccessibility of financial services, as facilitating accessibility for all entities to financial tools and services at reasonable costs. Digital Payments, P2P and many others are just an example of the development of FinTech, and while these innovative services have changed the financial world, including many participants in the financial sector, a huge unused portion of the world's population, which does not use a bank, remained non-inclusive. Keywords: digital, banking, financial, inclusion, payments. DOI: 10.7176/RJFA/10-13-06 Publication date:July 31st 201

Blockchain and Digital Currency in the World of Finance

High-tech enables payment evolution and global competition. The ambiguities surrounding of the digital currency still leave enough space for the analysis of its unreserved acceptance, trust and anticipation, which are the main driver for the spread of the network. Banks should carefully consider the technology underlying these cryptocurrencies as a potential generic new way of transferring ownership of the value over the long term. The chapter provides an analysis of the use of cryptocurrencies in general, especially Bitcoin as the technology adoption in the presence of network externalities. The objective attitude is the future of the digital currency in the moment is still unsolved issue due to the existence of “critical mass”. Further, the chapter explores financial privacy which is very sensitive issue in using digital currency (or cryptocurrency) and discuss about private choices versus political rules. The research has shown that the future of cryptocurrencies can be bright if some institutional-formal conditions are met due to the fact that success evolution of e-money requires building safety payments through three criteria–standardization, compatibility and innovation

AIYAGARI, BEWLEY, HUGGETT, IMROHOROĞLU (ABHI) ECONOMIES: LITERATURE REVIEW AND COMPUTATIONAL EXAMPLES

This paper will review ABHI models in economics. Namely those are collection of models Aiyagari-Bewley-Hugget-Imrohoroglu economies where there is precautionary savings amongst the economic agents, liquidity constraints, and where Markets are exogenously incomplete. There is incompleteness by assumption as opposed to limited commitment and limited enforcement models. In Huggett (1993) model there is diminishing marginal savings rates for some agents and negative marginal savings rate for other agents with an increase in their wealth (assets). In the incomplete markets in general equilibrium cash-on hand  is more in consumption with lower assets, this applies even more so in partial equilibrium model. And in the period with lowest: consumption, income and assets incomplete markets in partial equilibrium model predicts highest savings rate

Assessment of Efficiency of Drying Grain Materials Using Microwave Heating

We present results of experimental work on studying the drying of a dense layer of grain using microwave heating. We investigated a series of techniques to supply heat to grain to assess energy efficiency of a microwave field. We studied the following ways of drying: a microwave method, a pulsating microwave method, a microwave-convective cyclic method with blow of a layer with heated air flow and air without preheating, simultaneous microwave-convective drying method.Studying the kinetics of drying in a microwave field showed that we can divide the process into heating periods (zero drying rate), constant (first drying rate) and falling (second drying rate). These periods are characteristic for drying of colloidal capillary-porous bodies at other methods of heat supply. We obtained empirical relationships for the drying rate and the average temperature of grain in the first period based on the generalization of experimental data on the study on drying of grain of buckwheat, barley, oats, and wheat. We presented kinetic dependences in a dimensionless form. They summarize data on the studied grains. The aim of comprehensive studies of various methods of heat supply during drying was determination of the optimal method and rational operational parameters, which ensure high intensity of the process and the required quality of the finished product with minimal energy consumption.All studies took place under identical conditions and for the same grain (oats) to ensure the accuracy of the comparison. We determined that the most preferable method is a simultaneous microwave-convective energy supply without air preheating, which minimizes specific energy consumption. Experimental studies on drying using a microwave field made possible to select the required process parameters: power, heating rate, mass, and form of loading. We plan to develop a technology for drying of grain using microwave energy based on the study dat

Assessment of Efficiency of Drying Grain Materials Using Microwave Heating

We present results of experimental work on studying the drying of a dense layer of grain using microwave heating. We investigated a series of techniques to supply heat to grain to assess energy efficiency of a microwave field. We studied the following ways of drying: a microwave method, a pulsating microwave method, a microwave-convective cyclic method with blow of a layer with heated air flow and air without preheating, simultaneous microwave-convective drying method.Studying the kinetics of drying in a microwave field showed that we can divide the process into heating periods (zero drying rate), constant (first drying rate) and falling (second drying rate). These periods are characteristic for drying of colloidal capillary-porous bodies at other methods of heat supply. We obtained empirical relationships for the drying rate and the average temperature of grain in the first period based on the generalization of experimental data on the study on drying of grain of buckwheat, barley, oats, and wheat. We presented kinetic dependences in a dimensionless form. They summarize data on the studied grains. The aim of comprehensive studies of various methods of heat supply during drying was determination of the optimal method and rational operational parameters, which ensure high intensity of the process and the required quality of the finished product with minimal energy consumption.All studies took place under identical conditions and for the same grain (oats) to ensure the accuracy of the comparison. We determined that the most preferable method is a simultaneous microwave-convective energy supply without air preheating, which minimizes specific energy consumption. Experimental studies on drying using a microwave field made possible to select the required process parameters: power, heating rate, mass, and form of loading. We plan to develop a technology for drying of grain using microwave energy based on the study dat

Bacterial Crown of Grapes with Particular Devote on the Seedling Material

The production of healthy bedding material of grapes are extremely complex and responsible work, which needs high qualifications and knowledge from different aspects. Bedding material can transmit many diseases and pests, and has a bad influence in susceptibility, developing and fruitfulness in grapes. The some problem makes bacterial crown gall indicated by Agrobacterium tumefaciens. The bacterium with its products, affect the meristem tissues and develop tumor tissues. So, the bacterium has an indirect influence perturbing leaf vein and root system. Diseased grafts have got a slow advancement and soon they decay

Expression of the Myxoma Virus Tumor Necrosis Factor Receptor Homologue and M11L Genes Is Required to Prevent Virus-Induced Apoptosis in Infected Rabbit T Lymphocytes

AbstractMyxoma virus is a leporipoxvirus that causes a highly lethal virulent disease known as myxomatosis in the European rabbit. An important aspect of myxoma virus pathogenesis is the ability of the virus to productively infect lymphocytes and spread to secondary sites via lymphatic channels. We investigated the infection of the CD4+T lymphoma cell line RL-5 with myxoma virus and Shope fibroma virus, a related but benign leporipoxvirus, and observed that myxoma virus, but not Shope fibroma virus, was able to productively infect RL-5 cells. We also discovered that infection of RL-5 cells with Shope fibroma virus or attenuated myxoma virus mutants containing disruptions in either the T2 or the M11L gene resulted in the rapid induction of DNA fragmentation, followed by morphological changes and loss in cell integrity characteristic of cell death by apoptosis. Purified exogenous T2 protein was unable to prevent apoptosis, suggesting that T2 functions intracellularly. Thus, myxoma virus T2, originally described as a secreted homologue of the tumor necrosis factor receptor, and M11L, a novel transmembrane species with no known cellular homologue, function to extend virus host range for replication in rabbit T lymphocytes through the inhibition of apoptosis in infected T lymphocytes