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Money Clouds
A money cloud is an online platform designed to transfer funds. Unlike other methods, money clouds lack a central controlling system or proprietary technology. As collaborative initiatives, money cloud development projects create open-source technologies. These person-to-person (P2P) transactions can use different digital currencies.
What Small and Midsize Businesses Need to Know About Money Clouds
Businesses can use money clouds to send and receive funds. Digital wallets allow the transfer of multiple currencies. Cloud money (also called cloud cash) helps avoid problems associated with overseas transfers. Money clouds are subject to varying exchange rates, high fees, and delayed payments.
Related terms
- Tokenization
- ROIT (Return on Information Technology)
- SAC (Subscriber Acquisition Cost)
- Energy Trading and Risk Management (ETRM)
- Chief Revenue Officer (CRO)
- Core Banking System
- Record to Report (R2R)
- Fintech
- Financial Management System (FMS)
- Business Capability Modeling
- Capital Allocation
- Compound Annual Growth Rate (CAGR)
- Net Present Value
- Hedge Fund
- Gateway
- Selling General and Administrative (SG&A) Expenses
- ROE (Return on Equity)
- Financial Planning and Analysis (FP&A)
- Dollar-Cost Averaging (DCA)
- Procure-to-pay Solution
