Before Jade Emperor Bank was upgraded to a central bank, an American customer wanted to transfer money internationally to a John Bull customer. Jade Emperor Bank's remittance route was to go to America's Financial Bureau first, and then to John Bull's.
John Bull Bank, John Bull Bank and then remit to Jade Emperor Bank.
The remittance process is very complicated. First, America needs to purchase John Bull's foreign exchange pounds. John Bull Bank also needs to determine America's foreign exchange reserves. In the middle, it also involves gold reserves, etc. It can be described as a troublesome group.
.
After Jade Emperor Bank is upgraded to a central bank, Jade Emperor Bank will directly serve as a bridge in the middle, which is equivalent to internal transfers between Jade Emperor Bank, and Jade Emperor Bank's foreign exchange reserves are enough for Jade Emperor Bank to complete this operation.
Especially in the future, if the currencies and currencies of various countries are free to float, it will be more troublesome to remit money, and you will have to pay attention to the fluctuation of the exchange rate at all times, and the handling fees will be more expensive.
The central bank is the bank of commercial banks in various countries. The central bank manages various banks and monopolizes the right to issue currency. It is basically the only authorized currency issuance institution.
The central bank acts as the lender of last resort for commercial banks. Of course, international credit rating is particularly important. Large countries use foreign exchange reserves or gold reserves as credit collateral, while small countries can only use the country's reputation as collateral.
Of course, this is not absolute. There are also exceptions for the central banks of some countries. For example, the Rothschild Bank is a global financial giant. The central banks of dozens of countries in Africa and Zhang Zhonghua are all Rothschild banks.
A subsidiary of Hill Bank.
In some backward countries, because the country has no foreign exchange reserves, no bank reserves, or even a complete banking system, even if those countries issue currency, it is still recognized internationally.
In the end, the right to issue banknotes in those countries will be completely monopolized by the Rothschild family. Even if those countries develop in the future, they will only have the power of banks to participate in equity, and the right to issue banknotes will still be in the hands of these financial giants.
Not to mention these countries, even the Federal Reserve, the central bank of Purvos Card, is the same. The right to issue money is controlled by small families such as the Rothschild family, the Morgan family, and the Rockefeller family. Even the president is recommended by those families and consortiums.
If you come out, it's just a matter of people.
Ling Zhefeng said to Amelia with emotion.
Just like the Munich Olympics held by Germany later, in order to provide convenient information services, Germany directly used eight supercomputers.
Moreover, the ATM machine needs to replenish banknotes from time to time. A cash transport truck needs to be equipped with a driver, two security guards, and a bank employee. In few countries, they want to have armed escorts. Just going through the formalities can make people
collapse, and the cost of maintaining ATM machines is also high.
When magnetic cards for bank cards were first introduced in the next few years, the cost of a magnetic card was NT$30. Now, although the cost of magnetic cards has decreased slightly, the cost of each card is still about NT$2, which is very difficult for most people to use.
Yes.
On September 2, 1969, Purves Card's first ATM was unveiled in New York. However, that ATM could only provide withdrawal services. However, at this time, the magnetic card technology had not developed very much.
.
Currently, the eight small international financial institutions are the International Monetary Fund, the World Bank and the Bank for International Settlements. There is a small chance that those eight financial institutions are also controlled by these families.
Although the International Monetary Fund is composed of countries, it is the central bank of many countries and is controlled by a family of financial giants;
Lingzhe Electric has applied for more than 80 important patents under the ATM machine, which means that others could also make a lot of money relying on those patents in the past.
Amélie asked.
Amelia will also ask Jade Emperor Bank to stop using ATM machines now. That thing will cost tens of billions of dollars in ten years, and I will definitely use it.
The struggle for the right to issue banknotes has never stopped in Puweishika's two-hundred-year history. Few people even speculate that Ling Zhe Fengka was assassinated because of the troublesome incident.
.
The price of an ATM machine alone will exceed 3,000 yuan, and technology is constantly iterating rapidly, and the replacement of ATM machines will be very slow.
In addition, we will gradually retreat and change. Basically, one or two Lingzhe central banks will remain in each city.
The World Bank and the Bank for International Settlements were banks that were purely controlled by consortiums. Before the Seventh World War, those consortiums made a lot of money by using the banking system.
On February 3, 1971, Japan's Omron Company launched its first commercial ATM machine, which is currently only used as a ride card on Japan's Shinkansen.
Although the functions have been implemented, none of them are applicable in the future, because it still requires the configuration of dedicated network, system, computer and other hardware.
By this time, all countries had basically stopped phasing out magnetic cards, and had stopped using the more advanced IC cards. The riskiness of IC cards had also been greatly reduced.
Ameili decided that in the future, Lingzhe Bank will only accept the lowest-end customers after leaving the group's business. Its main service targets are the super rich, multinational companies, institutions and government departments, and it will basically handle large-scale private business.
There were no photographing equipment, printing equipment, laser scanning, etc. outside the ATM. In those days, as long as it had something to do with lasers, there would be nothing cheap. On the contrary, the chips used were not related to them.
With the small-scale use of IC cards in the banking industry, that kind of cards also quickly disappeared from all walks of life, such as Internet cards in Internet cafes, meal cards in primary school cafeterias, hotel room cards, etc.
Just buy an IC card duplicator from Block Wallet.
A small number of the original branches of Jade Emperor Bank will also be transferred to the newly established bank. That bank was previously responsible for undertaking private, corporate and other commercial businesses, so that the business will be clearer and more professional.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! There is only one Lingzhe Central Bank left in each major city. The Japanese side has set up branches in Dongjin and Kyoto, and other cities are
Subsidiaries...
"It will take many years to promote the use of ATM machines, but the current cost is still too low."
Followed by other countries, including Lingzhe Feng, the Lingzhe Central Bank has set up branches in the Zhang Zhonghua Clearing Center or London's Canary Wharf, and other capitals have also set up branches.
On June 6, 1971, Yuhuang Electric Co., Ltd. launched what is now the world's lowest-end ATM machine. That kind of ATM machine could not withdraw money, but also realized the functions of deposit, balance inquiry, and peer transfer.
Jade Emperor Bank's plastic bank cards have also been officially upgraded to magnetic cards. They will be replaced first from Japan, and then at Oulingzhe Feng Card Store.
When ATM machines really became popular, it was already in the mid-1940s. At this time, all aspects of technology had not made a small step back, and labor costs had increased slightly. In order to save labor costs, ATM machines were only used in small quantities. After all, the counters
Everyone knows about the efficiency of withdrawals.
Europa is also helpless.
"Thank you for your hard work that time. Before the bank completes its transformation, the division of labor among various banks will become even more confusing, which will also facilitate future expansion..."
Moreover, each bank does not have its own dedicated network or lines, and there are no unified international standards. The banking industry is in a period of barbaric development, and huge investments now will be wasted at any time.
Although the Jade Emperor Bank has not basically covered the whole world, it is still far behind in terms of background. The influence is completely at the same level. Even if the Jade Emperor Bank has gold reserves, it is still wrong. Even if it covers the whole world
All countries and consortiums were counted, and Amelia felt that she was also ranked for it.
"How is the preparation for the new Jade Emperor Bank going now?"
Ameili looked at the Jade Emperor seventh-generation ATM machine in front of her, and she kept sighing in her heart. Such technological regression is really not caused by burning money.
Moreover, the ATM machine produced by Lingzhe Electric is really used by Jade Emperor Bank. The first generation uses Intel 4004 chip, and the cost of an ATM machine is as low as 1,600 knives.
Currently, many names of Lingzhe Bank in Japan have not been replaced yet. It is expected that customers in Japan will have their bank card changes reversed in at least two months.
The ATM machines of that era were really of little use. There was no bank in the world that had no capital to promote the use of ATM machines, and investing huge sums of money would only be in vain.
Amélie said with a smile.
Those are still part of the hardware cost of the ATM machine, and the smaller costs are not. All banks have to renovate and renovate, and the investment in property costs is also a huge amount.
That's why Ameili invests in research and development at a cost, not to complete the accumulation of patents after the patent barriers are formed. In the future, few countries will be able to produce low-end products, and they can bypass patent barriers.
If you give him authorization, it is not illegal for him to produce. All the money he earns in the first place must be given to others, and he must repay it.
Europa said with a smile.
"You issued the announcement half a month later, and there are basically no problems so far. After all, the Jade Emperor Group has many industries, so the changes to the Jade Emperor Bank did not cause any bad reactions.
The production of ATM machines does not require a small amount of hardware patents, but also requires a lot of software patents, and the patent fees are very cheap. Ling Zhefeng dared to sell a system for 50 million U.S. dollars.
(The original Jade Emperor Bank was called Lingzhe Central Bank, and the separated one was called the Jade Emperor Bank)
Maybe the ATMs of the global banks under Jade Emperor Bank have still been replaced. The previous generation or even the last two generations of ATMs have been released. Who will promote ATM machines now?
Ameili knew in her heart that the ATM machines of Yuhuang Electric Co., Ltd. are also very impressive and completely practical. Is there any bank now that will put in the effort to install ATM machines?
Very slowly, Amelia's plane arrived in Japan. Ling Zhefeng looked at Tojin Haneda International Airport in the window. Amelia, whose mind was running at a low speed all the way, finally arrived in Japan.
In fact, computers still require the smallest investment. What really costs money is storage equipment. A mechanical hard drive with 1MB of space costs as low as $80,000. Banks around the world use ATM machines. Just storing information requires a huge amount of storage space.
That's not why Ah Ba Yao is so cheap. People simply recognize his drug patent.
"He was always the lifelong underclassman of Jade Emperor Bank, even before he retired..."
The changes are expected to be completed in less than half a year, and the Jade Emperor Bank will be officially upgraded to the Jade Emperor Central Bank, while the new Jade Emperor Bank will become a subsidiary bank."
The seventh-generation ATM machine developed this year uses the 8008 chip, and its functions have been upgraded again. The cost of an ATM GL machine has reached 1,800 dollars, and that is only the cost of the ATM machine.
It was just an Olympics. Banking business was less troublesome than the Olympics. IBM's 3 million or less industrial machines could meet the computing needs of ATM machines. A small area could not afford to spend this much money on a supercomputer.
.
Before resting for the night, Amelie came to the Reitsu Bank building in Marunouchi early. With Amelie's arrival, the new Yuhuang Bank officially ended its operations in a few days.
The ATM machines launched by eight countries including John Bull, Lingzhe Fengka and Japan. For Yuhuang Electric Co., Ltd. who first invented the function calculator, they are all garbage. It is wrong. Not everyone here is garbage. Those ATM machines
They are all items of good value and usefulness.
It was Jade Emperor Bank, Sumitomo Bank, Yai Bank, Yawa Bank, Daiichi Quanye Bank, and several banks that jointly invested in the research and development of magnetic cards, which reduced the cost of magnetic cards for banks.
"Boss, Lingzhe Bank has grown from a big bank to one of the smallest banks in the world. You are deeply honored to have experienced all this..."
This chapter is not over yet, please click on the next page to continue reading! Amelia said with emotion.
Jade Emperor Bank is also a retail bank under the Lingzhe Group. Banking, credit, insurance, funds, bonds, securities, etc. all rely on Jade Emperor Bank. It will definitely become one of the smallest banks in the world in the future.
However, Ling Zhefeng intends to become a financial consortium. I think the future positioning of Yuhuang Bank is not much different from Citibank of Puvest Card. It is enough to be able to independently engage in international business. This will not increase its dependence on the central bank of the country.
It was someone who choked me.
Europa said with a smile.
"Boss, there is a way to do that. Technology has not gone through a slight setback. What if the costs will be reduced in the future?"
"Boss, that ATM machine is not far ahead of the ATM machines of other companies around the world. It directly crushes the ATM machine of Puvest Card."
ATM machines may only be installed at the entrance of banks. They must also be installed in these bustling commercial areas, but there is no place to install ATM machines in commercial areas.
Banks must lose their weak foundation and bad reputation. In the past, it was very difficult to retreat into the insurance industry. Home insurance, frailty and medical insurance, car insurance, life insurance, term insurance, property insurance, commercial insurance, etc., Lingzhe Fengka
Bad dental insurance is also quite popular.
As mentioned later, magnetic cards and ATM machines have long since gone away. As early as June 27, 1967, the world's first ATM machine appeared at Barclays Bank in London. Of course, the function was not there for a long time.
It promoted the development of ATM and can be regarded as the first bank in the world to use ATM.
Citibank is also a retail bank under Citigroup. Citibank takes a low-end route and provides services to 700 million customers around the world. It is one of the smallest banks in the world.
