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Capital On Tap Research Reveals Employees’ Spending Patterns Using Company Credit Cards

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New research from Capital on Tap reveals business owners want to keep an eye on their employee spending on a Friday morning as that is when employees spend the most on company credit cards.

The study analysed the trends on when/where employees spend the most on company credit cards, and found that 10am on a Friday is when employees spend the most in coffee shops.

Key findings show that:

  • Company spends spike by 225% on a Friday morning
  • Out of hours spending at the pub is the most popular business expense
  • Over 30% of weekly purchases in the UK are made at supermarkets and service stations
  • UK employees are most reliant on caffeine on a Wednesday, with the West Midlands being the coffee capital
  • Company cards are most used at supermarkets and service stations 
  • Fast food is bought more often than train tickets 
  • Workers are most reliant on caffeine on Wednesdays, with West Midlands the coffee capital 

Business owners and finance bosses may want to look away on Friday mornings as this is the most popular time for spending on company cards, according to new research. 

The data from business card provider, Capital on Tap, reveals that businesses spend more money on its company cards at 10am on Fridays than any other time during the working week, with the following hour also among the costliest periods. 

The top five times of the week for spending on company credit cards: 

  1. Friday 10am: users spend 225% more than they would usually  
  2. Tuesday 10am: users spend 223% more than they would usually 
  3. Monday 11am: users spend 214% more than they would usually 
  4. Friday 11am: users spend 213% more than they would usually 
  5. Wednesday 11am: users spend 208% more than they would usually 

Supermarkets and service stations are the most frequented locations for company credit cards, with the highest number of weekly transactions (16.7% and 15% of all weekly purchases respectively). 

There are also more purchases made on company cards in fast food establishments (4.9%) than for more traditional business activities such as rail travel (2.8%) and overnight accommodation (3.3%). In fact, Saturday lunchtime is the most popular time for fast food spending, with KFC (£11.67 spent per visit) proving more popular with workers than Burger King (£11.25) and McDonalds (£8.12). 

Out of hours spending at the pub is also a popular business expense, with end-of-week celebrations the peak time for spend in drinking establishments – 21% of this taking place between 8pm-9pm on a Friday. 

Gone are the days of the Monday morning ‘pick me up’, with only 19.2% of the week’s coffee purchases taking place at the beginning of the traditional working week. Instead, workers are looking for a midweek caffeine boost, with 21.4% of coffees being bought on a Wednesday. 

West Midlanders are the most reliant on coffee to fuel their working week, spending £9.22 in coffee shops on an average visit, while those in Wales are least dependent on the beverage (£6.56). 

Coffee spend per region: 

  1. West Midlands: £9.22 
  2. Northern Ireland: £8.79 
  3. North East: £8.79 
  4. Scotland: £8.70 
  5. Yorkshire and the Humber: £8.48 
  6. East: £8.41 
  7. North West: £8.30 
  8. South West: £7.80 
  9. London: £7.62 
  10. South East: £7.40 
  11. East Midlands: £7.22 
  12. Wales: £6.56 

David Luck, CEO of Capital on Tap, said:

“It is interesting to find when workers are spending most on their work credit cards and spot patterns in how businesses are evolving. Finding that Friday evenings are popular for pub spending and Saturdays are peak times for fast food shows that business expenditure is not as traditional as we might have thought. 

“A refreshing diversity of spend was seen on Capital on Tap cards. Given our ability to service those that traditional banks opt-out of, it’s no surprise to see service station costs, lumber yards and parking lots as part of the funding use – retailers that are traditionally popular outside of the bigger cities.”  

 

For more information, visit the Capital on Tap website: https://capitalontap.com/

The post Capital On Tap Research Reveals Employees’ Spending Patterns Using Company Credit Cards appeared first on Crypto Core Media.

Source: https://cryptocoremedia.com/capital-on-tap-research-reveals-employees-spending-patterns-using-company-credit-cards/

Blockchain

Kraken Daily Market Report for September 20 2020

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Overview


  • Total trading at $125.5 million. Trading volume up slightly from the Sunday average as Ethereum and other coins had losses of few percentage points.
  • A little after 21:00 UTC, there was a system maintenance for a few minutes.
  • he only coin that had a positive day was Augur +4.0%. Otherwise, even the stable coins had minor losses. Kusama, Curve DAO, Balancer, and StorJ – four of the newer coins to the platform, had 5-10% losses.

September 20, 2020 
 $125.5M traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XBT 
$10915. 
↓1.5% 
$58.0M
ETH 
$370.61 
↓3.7% 
$29.1M
USDT 
$0.9999 
↓0.01% 
$11.7M
LINK 
$9.7370 
↓3.8% 
$6.5M
DOT 
$4.6639 
↓5.2% 
$5.35M
XTZ 
$2.2170 
↓4.4% 
$3.18M
XRP 
$0.2464 
↓1.7% 
$1.93M
ADA 
$0.0893 
↓2.2% 
$1.84M
USDC 
$1.0001 
↑0.0% 
$1.57M
LTC 
$47.065 
↓2.9% 
$1.55M
BCH 
$225.90 
↓3.1% 
$1.53M
ALGO 
$0.3273 
↓4.2% 
$978K
ATOM 
$4.6586 
↓5.8% 
$818K
TRX 
$0.0269 
↓2.8% 
$801K
OXT 
$0.2749 
↓5.1% 
$800K
XMR 
$92.685 
↓1.9% 
$764K
CRV 
$1.3599 
↓8.4% 
$639K
OMG 
$2.8933 
↓5.6% 
$468K
XLM 
$0.0768 
↓2.1% 
$445K
ETC 
$6.0722 
↓1.6% 
$442K
DAI 
$1.0107 
↓0.04% 
$410K
KAVA 
$2.4526 
↓1.0% 
$401K
REP 
$15.741 
↑4.0% 
$387K
WAVES 
$2.4299 
↓4.3% 
$322K
BAT 
$0.2372 
↓2.2% 
$292K
DASH 
$70.701 
↓2.9% 
$292K
QTUM 
$2.5190 
↓4.3% 
$278K
ICX 
$0.4582 
↓1.6% 
$271K
KNC 
$1.0085 
↓4.7% 
$256K
PAXG 
$1958.8 
↓0.15% 
$226K
EOS 
$2.6700 
↓1.1% 
$214K
COMP 
$144.55 
↓4.8% 
$166K
MLN 
$32.999 
↓2.7% 
$157K
ZEC 
$57.529 
↓0.7% 
$140K
KSM 
$39.179 
↓9.0% 
$135K
SC 
$0.0029 
↓2.1% 
$129K
BAL 
$17.75 
↓4.9% 
$126K
NANO 
$0.7980 
↓5.1% 
$115K
SNX 
$4.1994 
↓4.4% 
$108K
GNO 
$53.950 
↓4.5% 
$74.9K
STORJ 
$0.4079 
↓6.4% 
$66.5K
XDG 
$0.0027 
↓0.6% 
$48.8K
LSK 
$1.3404 
↓4.5% 
$32.9K
REPV2 
$14.569 
↓3.5% 
$5.85K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (September 20 2020)



Figure 2: Mid-size trading assets: (measured in USD) (September 20 2020)



Figure 3: Smallest trading assets: (measured in USD) (September 20 2020)



#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (September 20 2020)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (September 20 2020)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (September 20 2020)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (September 20 2020)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Source: https://blog.kraken.com/post/6386/kraken-daily-market-report-for-september-20-2020/

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Bitcoin Price Analysis: BTC Facing The Ultimate Make Or Break Level Of $11,000

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  • Bitcoin price is pivotal between the 50-day SMA and $11,000, suggesting possibilities of consolidation taking over.
  • The impact of an ascending wedge is kept at by the 50-day support, breakdown back to $10,000 is still in the picture.

Bitcoin has spent the last three weeks trying to recover from the dip at the beginning of September. There was a break above $11,000 last week, but BTC hit a wall at $11,200, allowing bears to take back control. Since then, support has been established above $10,700. Unfortunately, resistance at $11,000 has stayed put.

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Meanwhile, the flagship cryptocurrency is trading at $10,960 amid attempts to overcome the resistance at $11,000. BTC/USD is also trading at the tip of an ascending wedge pattern. If the hurdle at $11,000 is pushed into the rearview, there is a likelihood of Bitcoin soaring towards $12,000. However, if the rising wedge’s impact comes into play, BTC could embark on a gains-trimming exercise towards the support at $10,000.

Read more: Bitcoin Trading Volume on Bakkt Peaks Again as September Expiration Approaches

BTC/USD daily chart

BTC/USD price chart
BTC/USD price chart by Tradingview

The 50 Simple Moving Average (SMA) in the daily range is in line to offer initial support at $10,850. As long as Bitcoin holds above this level, the potential for gains above $11,000 will remain high in this week’s trading.

The Relative Strength Index (RSI) hints that the largest cryptocurrency is ready for consolidation by leveling marginally above 50. Moreover, the low trading volume means that BTC is less volatile at the moment. The reckoning level remains at $11,000, where Bitcoin can either kick start the journey to $12,000 or embark on a reversal to $10,000. Either way, it is essential to wait for a confirmed breakout before going all-in on BTC/USD.

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Bitcoin Intraday Key Levels

Spot rate: $10,655

Relative change: 41

Percentage change: 0.39%

Trend: In consolidation (short term)

Volatility: Low

Read more: Bitcoin Price Analysis: BTC Eyes $12,000 If 50-day MA Flips Into Support


To get the daily price analysis, Follow us on TradingView

Author: John Isige




John is a talented writer with over two years of experience actively contributing to the cryptocurrency industry by providing credible, interesting and easy to read the content. His main focus is on cryptocurrency price analysis and industry news coverage. Lets follow him on Twitter at @jjisige

Source: https://coingape.com/bitcoin-price-analysis-btc-facing-the-ultimate-make-or-break-level-of-11000/

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What Are The Top 5 Cryptocurrencies?

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The cryptocurrency market has remained quite volatile since Bitcoin was introduced to the world. Over the years, the top 5 cryptocurrencies by market capitalization have changed frequently except for the top two positions held by Bitcoin and Ethereum. Until recently, XRP occupied the third spot but has since left it to Tether, a stablecoin.

According to CoinMarketCap, Bitcoin, Ethereum, Tether, XRP, and Bitcoin Cash take up the top five spots currently subject to market capitalization.

Bitcoin

The domain name bitcoin.org was registered in August 2008. Later on October 31, 2008, “Bitcoin: A Peer-to-Peer Electronic Cash System” paper was published. It was authored by Satoshi Nakamoto who is the inventor of Bitcoin (BTC). Up to today, nobody knows who this person or people are.

Notably, the paper highlighted a method of using a P2P network for electronic transactions without “relying on trust”. The bitcoin network came into existence on January 3, 2009, and Nakamoto mined block number “0” (or the “genesis block”). This block had a reward of 50 bitcoins.

Bitcoin golden coin on computer circuit board

Since then, the flagship cryptocurrency has dominated the entire crypto space in most cases dictating the direction the market takes at any given time. It occupies the top of the list based on market capitalization currently trading around $11,000 with a market cap of $204.7 billion.

Ethereum

Vitalik Buterin launched Ethereum on July 30, 2015. The researcher and programmer was working on Bitcoin Magazine at the time. Initially, he had written a white paper describing Ethereum in 2013. Buterin had said that bitcoin required a scripting language. He settled on developing a new platform with a general scripting language when he failed to manage to sell his idea to the bitcoin community.

ethereum coin on an computer motherboard blue style

Ethereum’s development was funded by an online crowdsale that was conducted between July and August 2014. This system went live with 11.9 million coins already mined for the crowd sale. This represents around 13% of the total supply in circulation.

After the collapse of The DAO project in 2016, Ethereum split into two blockchains. The new version is known as Ethereum while the original blockchain is called Ethereum Classic. With many use cases for Ethereum coming up every day, the crypto has continued to thrive currently holding the second spot with a market capitalization of $43.42 billion.

Tether

Tether was issued on the Bitcoin. It converts cash into digital currency to anchor or ‘tether’ the value of the coin to the price of national currencies. The value is meant to mirror that of the US dollar and every unit of Tether is backed by $1 held in reserve.

Tether coin symbol with crypto currency themed background design. Modern neon color banner for Tether or USDT icon. Cryptocurrency Blockchain technology, digital FIAT & trade exchange concept.

This stablecoin is used to facilitate trading between cryptos with a rate that is fixed to the US dollar enabling traders to benefit from various trading opportunities. Tether’s current market capitalization is $15.22 billion. The crypto occupies the third position in the market capitalization list.

XRP

By description, Ripple is a real-time gross settlement system (RTGS). It was created by the Ripple Company and it is also referred to as the Ripple Protocol or Ripple Transaction Protocol (RTXP). This technology can trace its origin to 2004 when Ryan Fugger, a web developer, came up with an idea to develop a decentralized monetary system. This system was meant to enable individuals to create their own money.

In 2005, RipplePay.com was launched to offer a secure payment channel for an online community through a global network. Jed McCaleb started creating a digital currency system in 2011 in which transactions were validated by consensus among the members of the network. That was a different method from the mining process used by bitcoin that relies entirely on blockchain ledgers.

KONSKIE, POLAND - JUNE 30, 2018: Ripple (XRP) cryptocurrency website displayed on Huawei Y6 2018 smartphone

The new version of the Ripple system was designed to get rid of bitcoin’s centralized exchanges, use less energy than bitcoin, and perform transactions quicker. Ripple was successfully launched in 2012 to support secure, instant global transactions supporting tokens representing fiat currency, crypto, or any unit of value.

Since then, Ripple’s XRP has remained in the top 5 cryptocurrencies’ list currently perched on the fourth spot with a market capitalization of $11.3 billion.

Bitcoin Cash

Bitcoin Cash (BCH) occupies the last spot in the current list of top 5 cryptocurrencies. The crypto was born out of the idea of making Bitcoin more practical for small, daily payments.

Virtual cryptocurrency Bitcoin Cash sign in digital cyberspace

In May 2017, bitcoin payments took almost four days unless a fee was paid. These costs were proportionately too large for the small transactions. A change to this code was implemented and BCH was unveiled on August 1, 2017. For now, BCH takes the fifth spot with a market capitalization of $4.32 billion.

The top 5 cryptocurrencies keep on changing depending on which coin gains more than the rest. But, bitcoin and Ethereum remain at the top even as the lower cryptos exchange positions.

Source: https://e-cryptonews.com/what-are-the-top-5-cryptocurrencies/

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