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Why is Starbucks so popular? What has turned a small coffee retailer into a world-known brand? Was it because of the innovative La Marzocco Linea Machine or extra-quality Arabica beans grown at higher altitudes? Those factors were important, but the core idea of the brand was the special care and support of their customers. What do…
On February 4, 2004, Mark Zuckerberg and his fellow students from Harvard University launched a project which is now one of the greatest players of BigTech. Initially, Facebook was created in pure vanilla PHP. On its long way to the modern giant position (about 2 billion people currently use this social media every day), Facebook needed…
On September 7 this year, El Salvador introduced the Chivo bitcoin wallet for its citizens to provide commission-free payment service for remittances. In 2020, El Salvador got about $6 billion in remittances. The money transfer commission can reach up to 33%. So, if all Salvadorians turn to Chivo, it may cost Western Union and other…
In the year 2021, we value simple pleasures, like eating out or visiting a football match, much more devotedly than we used to. Our behaviors have changed greatly. Within a period of just a year, we have witnessed a great shift in the payment habits of the whole world. Such innovations in the payment ecosystem should…
Back in 1989, managers of Eastman Kodak Co. made a pivotal decision to cut down their internal IT expenses. They signed a contract with IBM Corp. and delegated it to create a new data center. Since that remarkable date, programming outsourcing has become a norm in practically every sphere of business. Moreover, the new reality…