It was a mere 20 years ago that internet was activated through a dial-up phone line connection. Your connection to a world of knowledge was limited by the speed at which data was received by users. A simple 500 x 500 pixel image would take a few minutes to load. The internet was once considered to be a mere fad and was slated to die out in its near future. However, things didn’t go as thought. Our hardware technologies improved and new innovations resulted in more efficient products. Optical fiber cables and satellite transmissions replaced dial-up phone lines. Cellular data towers and cellphone nanotechnology innovations lead to the birth of 3G, 4G LTE and now 5GE connectivity technology in the coming years. Nanotechnology evolved to such an extent that bulky CPUs were replaced by 5-inch long smartphones that boast even higher processing powers. Cubical cathode ray TVs gave way to sleek, paper thin OLED displays that boast lifelike 4K resolution. Gig speed fiber optic cables allow a file download from a server on the other side of the world to happen as fast as a file transfer between the C:\\ and D:\\ drives of your PC.
As the information technology hardware evolved, so did the manner in which we share the information. Initially, a large section of internet was based on the sharing of text-based information. Now, this has evolved into video sharing and instant messaging such as Snapchat, Instagram and YouTube. Instagram and Snapchat are social media apps whose users primarily interact by sharing visual media like pictures and videos with one another. Youtube is a video sharing platform. YouTube is the most popular website in the world (according to Alexa Rankings) outside of the Google homepage. On the other hand, Instagram is the most popular app in the world in terms of daily active users. These innovations have allowed us to share, receive and comment on information instantaneously from almost all parts of the globe. Financial transactions have also benefited heavily from the improvements in information technology. Mobile phone wallets such as Apple Pay and Samsung Pay have allowed customers to leave their wallets and cash at home as they can pay most merchants with a tap of their smartphone.
Decentralized currency i.e. Bitcoin and its alternate forms have also become widely accepted and shared methods of payments thanks to the innovations in blockchain technology; which was also facilitated by our advancements in the IT industry.
Our team at The Earn App’s goal is to bridge the gap between your social and financial requirements. We offer businesses the ability to automate their revenue sharing and manage their daily expense tasks. As a global leader in financial technology, we strive to open new possibilities for people across the nation. Our team helps businesses and individuals alike realize their spending requirements in a sustainable manner and help them in achieving their goals. Learn more about how The Earn App is revolutionizing financial technology for businesses and individuals here. We value your feedback and ideas regarding our commitment towards creating a more connected world. You may contact us to share your thoughts and concerns through multiple portals.