FINANCE AND TECHNOLOGY (The Life Style Humans are Living in The World Today)

Fellow steemians, it drove me to a passion for bringing this particular content to light, and it is what we have been leveraging in our daily lives. Without the use of this updated information, life will be very difficult for humans to leave and enjoy and leave behind a legacy for the next generation.

Talking about technology and finance, it is so beautiful to use technology in our daily life, and it makes life easy for us as the day breaks.

In this creative content, I will be elaborating a bit on the following as thus:

1. The use of a mobile phone that make life goes easy
2. The use of an ATM
3. The use of a POS machine
4. The use of internet in the 21st century

WHAT IS TECHNOLOGY?
From my own perspective, technology is the application of the knowledge and understanding of science combined with personal skills and initiative in the production of sophisticated goods that are of great importance to man and nature.
Through the help of technology, sophisticated goods are produced like handsets, computers, flash drives, weapons, ATM, POS, etc.

SCIENCE is a systematic way of acquiring knowledge on a particular field of study through the scientific method, such as observation, experimentation, analysis and conclusion, whereas TECHNOLOGY is a practical application of scientific knowledge for different purposes. TECHNOLOGY produces machines to make life easy for humans.

FINANCE
Finance is the way of keeping money, managing money, saving money, for individual, corporate body, and government at large. To incorporating finance and technology this is the innovative use of digital technologies to improve and automate financial services through the use of software and algorithms. For example, Fintech industry aims to make financial services more accessible, efficient, and cheaper than traditional methods, by introducing POS for mobile banking, digital payments, online lending, and block chain-based systems.

THE USE OF A MOBILE PHONE THAT MAKE LIFE GOES EASY

Mobile Phone

In the past decades, the method of sending information from one location to another was very difficult; physical methods like the postal service and newspapers were used. The post office will send your letter through their vehicle to the destination and it will take months or weeks depending on the destination, but today the different is very clear, we stay in our comfort zone and send information to our family and friends in the world in just a second that is through the use of sophisticated mobile phone that has multi-functions, that is one of the benefit of technology in our era. Through the use of a mobile phone, calls are made easily, sending messages is made easy, and it makes life less stressful for humans, and we happily subscribe to it.

Furthermore, through the use of a mobile phone, we can easily make transactions, i.e., transferring money from one wallet to the other wallet, or from one bank account to another bank account without having to go to the bank for a particular transaction, and it makes life easy-going for humans.

Away from that, mobile phone can also be used to assess information from the internet, it makes research easy unlike before one has to go to library to get information and before you research on a particular topic, it takes a year or two depending on the topic, but with a sophisticated mobile phone, it makes life easy-going for humans and we happily subscribed to this technology.

THE USE OF AN ATM AND ATM CARD

ATM Machine

ATM Card

ATM Machine in Operation

ATM was first introduced in the world in 1967 by Barclays Bank in Enfield, London and was introduced in Nigeria in 1989.

ATM card was designed alongside with the ATM machine to function together for a smooth transaction and order services like transfer of funds to another bank account, making it easy for cash to flow easily within and outside the banking environment.

Before the introduction of the ATM, people went to their physical bank branches and met with a physical teller to conduct transactions of deposit and withdrawal.

Step to withdraw: this involves filling out a teller form and awaiting verification of signature and balance before dispensing cash to the customer. These methods required customers to visit the bank during its operating hours, making it inconvenient for those with work schedules that clashed with the bank's hours.

But since the introduction of the ATM, the ATM card was also introduced to customers to make transactions easy. Today, you can work at your bank branch and insert your ATM card into the ATM and conduct transactions within two seconds. You see, with the help of ATM technology, it makes life easy-going for humans in the world, and we happily subscribe to it.

THE USE OF A POS MACHINE

POS Machine

Point of sale (POS) is a combination of hardware and software, which includes a scanner, printer and payment terminal that is used to complete a sale transaction with a customer.

There was a huge traffic in the bank back then, where customers queued up at an ATM to withdraw, sometimes because of a bad network, the ATM would be unable to dispense cash to customers, hence, brings inconveniences on the side of customers. Sometimes, an ATM will trap a customer's ATM card, some will be debited when the transaction is not successful, and there are a lot of network clichés.

Since the introduction of POS, transactions have been made easy. Today, people go to a POS terminal to conduct transactions, and it is very fast and reliable.

With the help of POS technology, it makes life easy-going for humans, and we happily subscribed to it.

THE USE OF THE INTERNET IN THE 21ST CENTURY

Connected System showing Google ready to search

In the 21st century, the use of the internet cannot be overemphasized; it is important to be connected to the internet because life is networking. With the help of the internet, instant communication has been made easy, access to information in just a click, entertainment like football, music, recreational activities, online transactions, name them, and this makes life easy for humans, and we happily subscribe to it.

There are numerous benefits of the internet in our daily lives. People are making money via the internet, and people are easily employed through their personal skills and initiative, like cyber security.

The majority of internet users are looking for answers to questions, researching and finding, reading news, and most of our daily activities would be difficult and time-consuming without the use of the internet.

Before the internet, something like streaming video and watching any TV show or movie whenever you want had never existed. With the help of the internet, anybody can order products online. The increase in online shopping has also resulted in companies offering huge discounts for their customers. As such, business and entrepreneurs has more shops or stores online than physical shops or stores because of the patronage and the convenience of online transactions with the help of the internet.

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