PiggyIT

Save and Invest productively by embracing FinTech solutions.

Piggy

In the middle ages, people used pots, containers and clothing materials to keep money. According to history, the pots and containers were mostly formed from an orange coloured clay material known as “pygg”.

As time evolved, the name transformed to “piggy”, before the modernization of the English language, where more people started to refer to it as “piggy pots”, making a pun of words.

This then informed the “pig” symbol to connote a container stashed with money.

Early 1900s

Not until the 19th century, people started requesting their containers and jars be made in pig shapes – and so it was, the birth of the now modernized “piggy bank” symbolism.

A careful look at the money market from the stone ages would outline one fascinating factor that defines money over the years – that is relevance.

FinTech

FinTech is a neology of the words “finance” & “technology”, which implies the advent of utilizing digital means to automate and enhance financial processes and services. This revolution has virtually disrupted every aspect of the financial industry.

Today, FinTech makes it possible to invest, save, transfer and transact online and on mobile with convenience.

According to CB Insights, a leading tech market intelligence platform, there are 41 Venture Capital (VC) backed unicorns, worth a combined $154.1B as at the year 2020.

The history of financial technology dates as far back as the 1950s, when the earliest set of credit cards were adopted by the general public.

Customary banking offers an estimate of 4.06% to 6% interest rates per annum, while some digital platforms offer up to a range of 8% to 23% on wallets

Cc: piggyvest

Although, according to the Federal Deposit Insurance Corporation (FDIC), corporate banks grew from around 13,500 commercial bank branches to about 83,000 as at year 2008.

The need to buy, sell, exchange, invest and accrue wealth comes from the unabating relevance of money, as trust grew weary in traditional banking, FinTech proved a worthy alternative through its online financial services.

There are processes involved in milking this amazing technology. These methods are explicitly outlined in the ePackage – 𝗣𝗶𝗴𝗴𝘆𝗜𝗧. A premium quality e-manual that teaches the basics of spontaneous financial services, such as; quick savings, padding interests, trading forex, safe locking and target banking and loads of investment options.
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Its time to take hold of your finances and earn while saving and investing productively.