Home / currency / Around 12 lakh new currency notes infused in the market: Finance Minister Arun Jaitley- The New Indian Express

Around 12 lakh new currency notes infused in the market: Finance Minister Arun Jaitley- The New Indian Express

collected by :Donald Luther

So what’s the advantage of using zGold instead of a more universal form of currency like, say, your credit card or Paypal?
Every dollar spent using zGold, you’ll earn a certain amount of zSilver – though that’s not the only way it can be acquired.
Razer is introducing its own form of currency that you can use to buy games off online stores.
The payment system – called zVault – uses a currency called zGold that Razer says can be used to save money on some of your favorite games.
Overall, Razer tells us that the program is going well with over 77,000 sign ups and 376,000 online transactions using the currency.

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Around 12 lakh new currency notes infused in the market: Finance Minister Arun Jaitley- The New Indian Express

NEW DELHI; Around 12 lakh new currency notes have been infused into the market by the Reserve Bank of India ever since the remonetisation process has started, Finance Minister Arun Jaitley said today.
The cost of the Rs 2,000 note is in the same range as that of the old Rs 1,000 note,” he said.
Responding to supplementaries, the Minister said it was difficult to give an exact figure on the number of deposited defunct Rs 500 and Rs 1,000 notes.
Jaitley said the cost of the currency note is the function of direct and indirect material and labour cost, which changes every year.
“Every currency note has to be verified – whether it is genuine or fake.

Around 12 lakh new currency notes infused in the market: Finance Minister Arun Jaitley- The New Indian Express*/

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Razer’s new digital currency is both outdated and enticing

Razer's new digital currency is both outdated and enticing*/

The digital currency can also be used to purchase DLC add-ons and in-game items in titles like Paladins and Smite.
After spending it on Steam keys from stores like GamersGate and Indie Gala, Razer will credit a second digital currency, zSilver, to the user’s account.
Here’s how it works: zVault users load their digital wallets up with denominations of $30, $50 or $100 in cash, which is then converted to zGold, crediting 100 units of Razer’s currency for every dollar deposited.
That loyalty has been enough to make zVault’s Razer Insider pilot program a success.
That alone is pretty enticing, but Razer’s bid for zVault’s success goes deeper.

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