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Here’s How to Stop Missing Out on Business Credit Card Rewards

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It was a small business credit card that finally convinced me to get serious about earning credit card rewards. Although I had been writing about credit for years, I only dabbled in my own efforts to earn rewards. I would enviously read stories about first-class international trips paid for with points, or business owners who managed to earn significant cash back rewards, but I’d find myself too busy to learn how to do the same.

Then I read about how small business owners could use a “travel hack” to earn a Southwest Rapid Rewards Companion Pass, which allows the cardholder to fly a companion with them for free for a year. I can do that, I thought.

Here’s how it worked: I applied for the business and consumer versions of Southwest Rapid Rewards cards—both of which were offering generous welcome bonuses for meeting minimum spending requirements within a certain period of time. By charging everything I could to those cards, I met those thresholds and earned a large number of Rapid Rewards points as well as progress toward the Companion Pass. 

Those points, combined with the points I was earning by flying Southwest for business trips, allowed me to earn enough qualifying points to qualify for a Companion Pass. Even better, I was then able to maintain it for four years. I used it for well over a dozen flights, saving several thousands of dollars in airfare for trips where family members were able to join me. 

Are you maximizing your credit card rewards?

Once I realized how easy it was, I regretted that I didn’t take rewards points more seriously sooner. But I’m not alone. In a January 2022 survey of prominent personal finance bloggers by Uthrive, 69% said they are not confident they are earning the most rewards, even though 80% of them said they actively manage their spending to maximize rewards. 

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Uthrive is the first personal finance app to generate customized rewards recommendations as opposed to general advice offered by blogs. It’s the kind of tool that would likely have made me a rewards aficionado a lot sooner. 

“Small business owners are in a particularly good position to make the most of credit card rewards,” says Jason Steele, a credit card expert I have followed for years and who is consulting with Uthrive. “The credit card industry is extremely competitive, and most small business owners leave a lot of money on the table because they are not using the right credit card,” he notes. 

Steele points out that many small business owners will spend far more on their business credit cards than their personal cards, and they may be eligible for spending bonuses on common business purchases, such as advertising, telecommunications, or fuel. But, he says, “It can be hard to memorize which merchants offer benefits for certain purchases. Uthrive enables small business owners to see exactly which card they have will offer the most rewards for a particular purchase, based on their geolocation.” 

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If, like me, you’re not sure you’re making the most of your credit card rewards, there are a number of apps, including Uthrive, that can help you choose the right cards, and then maximize the rewards you earn. I asked the creators of these apps to share their apps’ top features and what makes them unique, so that you can make the most of credit card rewards programs. 

Apps to help you earn the most from your credit card rewards

Card Curator

Card Curator is a credit card rewards optimization app that helps users achieve their rewards goals, whether it be for travel or charitable giving, by helping them earn up to five times or more on their average monthly card spending through personalized and unbiased credit card recommendations. The app also offers users guidance on the right card to use for their purchases.

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Cost: There are two versions of Card Curator: a free version and a premium version. The free version maximizes rewards for cash back, return [in points and miles], and charitable giving. The premium version maximizes rewards for cash back, return [in points and miles], charitable giving, travel, flights, and hotels.

What makes Card Curator unique? CEO John Garner says: “Users can set as well as track their rewards goals for travel, charitable giving, or cash back. They input their goal into the goal tracker, and sync up their current credit or debit cards into the app; Card Curator’s proprietary algorithm will then recommend which cards to apply for, downgrade, or cancel based on [a user’s] primary goal and spending habits.

“Card Curator also helps users keep up with sign-up bonuses by allowing them to track their bonuses. The app will notify users as well on what is needed to meet the minimum spend. By notifying and tracking the sign-up bonuses for users, the app ensures that users meet the minimum spend for their sign-up bonuses within the designated time frame.

“Furthermore, the app guides users on which credit card to use for every purchase. For instance, if you’re at a grocery store, the app will pick up on your geolocation and will then recommend you use your Amex Gold Card on your purchase as that card earns 4 times the points on groceries.

“Lastly, the app gives recommendations to users on the best way to combine or transfer points, which further maximizes a card’s reward value and minimizes the need to apply for new cards. The app also tells you whether to use your existing points or miles first.”

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CardWiz

CardWiz is a hyper-personalized credit card recommendation and comparison app. Users take a short quiz and get matched to cards based on the rewards value specific to them. 

CardWiz can maximize whatever rewards a user is looking for—for both personal and business credit cards. If a user is looking for cash back, it will maximize that; if a user is looking for Delta SkyMiles, it can take into account points transfers and maximize Delta SkyMiles. As credit cards launch that offer alternative types of rewards, such as cryptocurrency, CardWiz will allow users to maximize opportunities to earn those rewards.

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Cost: Free

What makes CardWiz unique? Founder Peter Gabbay says: “CardWiz is the only app that factors in the rewards the user already gets from their current cards and allows for high levels of customization like preferred rewards programs or custom point values. It’s simply more personalized and therefore more accurate and rewarding. It’s also the most fun!”

CashFreely

CashFreely is a free app that helps users find the best new credit cards; it also helps users track their credit cards, key dates for sign-up bonuses, and annual fees.

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Cost: Free

What makes CashFreely unique? Founder Zac Hood says: “CashFreely’s approach to earning cash back is truly unique. It turns traditional cash back earning upside down by earning more cash back in less time. CashFreely maximizes a person’s regular monthly spending by leveraging big sign-up bonus offers. CashFreely users average $1,500 in cash back every year, while the average American household only earns $230 in cash back.

“CashFreely teaches users how to do this and keeps them organized. Our app is 100% free. We do not ask for bank logins. We do not store any confidential information.”

CashFreely member benefits include:

  • Personalized, ranked card offers 
  • Email reminders and notifications for bonus deadlines or annual fees
  • Ability to track multiple cards (up to two users) in one place
  • Card details—stats, benefits, and spending categories
  • Security—users never have to hand over bank details or passwords

MaxRewards

MaxRewards helps people manage their credit cards, monitor their credit scores, and maximize their rewards, cash back, and benefits. Users can adjust the valuation of points and miles, and translate them into dollars.

Cost: Free to download and most features are also free. MaxRewards Gold, which includes auto-activation of offers, has a choose-your-own-price model. The minimum price is $5/month on annual billing ($60/year) or $9/month on monthly billing.

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What makes MaxRewards unique? CEO Anik Khan says: “Most other apps use third-party aggregators, which provide far less data and capability, or lack any connectivity. We’re the only solution that actually automates earning more rewards and cash back.”

Member benefits include:

  • Auto-activation of Amex Offers, BankAmeriDeals, Citi Merchant Offers, Chase Offers, and more
  • Ability to activate the same Amex Offer on multiple Amex cards (which is not possible by manually activating offers)
  • Best card recommendation for nearby merchants
  • Best card recommendation for every category
  • Consolidated view of all credit cards and transactions, including exclusive data points such as rewards that are not available on other personal finance apps like Mint
  • Benefits aggregation and tracking
  • Unified view of credit scores from every issuer
  • Tracking of qualified spend toward sign-up bonus

The Points Guy (TPG) App

Created by The Points Guy, a popular travel site, The Points Guy (TPG) App is a one-stop-shop where users can track all of their airline, hotel, and credit card loyalty points and miles in one place, and create personalized plans to book their dream vacations.

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Users are provided with a curated news feed of travel, credit card, and aviation news. They can also monitor their spending habits, track their progress towards meeting their goals, and receive recommendations to help maximize their earning potential.

Note: The app is tailored to consumer cards. Business owners upload their points and miles data from their business credit cards to the TPG App. It is currently available on iOS. 

Cost: Free

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TPG App features: Head developer Mitchell Stoutin says: “Users get personalized recommendations on how to quickly rack up points and miles based on their spending habits, and have the ability to track earned rewards and learn how to use them before it’s too late. App users are able to earn, burn, and learn.”

In addition, the TPG App helps users to:

  • Earn points and miles more effectively and efficiently by monitoring spending habits, tracking progress toward a personalized goal, and making recommendations to maximize earning potential (e.g., recommending which card to use when).
  • Burn earned miles by providing personalized guidance and comprehensive booking instructions.
  • Learn about travel news, opportunities, and offers through a curated news feed, as well as learn about points, miles, and loyalty programs.

Travel Freely

Travel Freely helps users find the best new credit cards and track key dates for sign-up bonuses and annual fees. Members are provided with a step-by-step beginner course which can help them earn $2,000 in free travel every year. Users learn how to optimize travel rewards, take control of their credit, and travel for free. The service can be used for both consumer and business credit cards. 

Cost: Free

What makes Travel Freely unique? Founder Zac Hood says: “The Travel Freely approach is all about increasing your travel budget by earning the most amount of free travel in the least amount of time. Travel Freely comes with a simple and easy-to-follow guide. Our beginner’s course ‘Become a Free Traveler’ covers credit score monitoring, organizing rewards programs, and understanding the best practices for applying for credit cards.”

Travel Freely member benefits include:

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  • Personalized, ranked rewards card offers
  • Email reminders and notifications for bonus deadlines or annual fees
  • Beginner tools—a step-by-step guide for those new to optimizing free travel earning
  • Ability to track multiple cards (up to two users) in one place
  • Card details—stats, benefits, and spending categories
  • Security—users never have to hand over bank details or passwords

Uthrive

Uthrive offers users personalized advice on how to maximize rewards based on their spending habits. The Uthrive app tells consumers the best card to use at popular merchants.

Cost: Free

What makes Uthrive unique? CEO Sameer Gupta says: “Uthrive recently rolled out a full suite of features for business credit cards so small business owners can also maximize rewards on their business expenses.”

Benefits for both consumers and business owners include: 

  • Advice on all rewards, including cash back, points, and miles
  • Personalized advice on the best card to use—for both existing and new cards
  • Updates on earned rewards and missed rewards for all transactions
  • Prompts for the best card to use at both online and in-store merchants

Via AB

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Challenges to Growth of US Economy After Presidential Elections 2024 and Beyond

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An Overview

The US economy is one of the largest and most influential economies in the world. The outcome of the presidential election in 2024 and beyond will have a significant impact on the growth of the US economy. The US economy has experienced periods of growth and recession in the past, and the challenges to growth in the future will depend on a variety of factors, including government policies, global economic conditions, and technological advancements.

The economic impact of the election outcomes will largely depend on the policies and priorities of the incoming administration. The challenges to growth in key sectors such as healthcare, education, and infrastructure will require strategic investments and innovative solutions. Fiscal policy and government spending will also play a critical role in shaping the direction of the US economy. Monetary policy and interest rates will also be key factors in determining the growth trajectory of the US economy.

Key Takeaways

  • The outcome of the presidential election in 2024 and beyond will have a significant impact on the growth of the US economy.
  • Challenges to growth in key sectors such as healthcare, education, and infrastructure will require strategic investments and innovative solutions.
  • Fiscal policy and government spending, as well as monetary policy and interest rates, will be key factors in determining the growth trajectory of the US economy.

Economic Impact of Election Outcomes

The US presidential elections have a significant impact on the country’s economy. The policies and actions of the elected President can influence economic growth, trade relations, and market stability. The 2024 presidential elections are expected to have a similar impact on the US economy.

Policy Uncertainty and Market Response

The uncertainty surrounding the policies of the new President can lead to market instability. The market response to the election outcome can be volatile, with investors uncertain about the future direction of the economy. The uncertainty can lead to a decline in investment, lower consumer confidence, and slower economic growth.

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However, the market response can also be positive if investors perceive the new President’s policies to be favourable to the economy. The anticipation of pro-growth policies can lead to increased investment, higher consumer confidence, and faster economic growth.

Long-Term Growth Projections

The long-term growth projections of the US economy can be affected by the policies of the new President. The policies can influence the direction of the economy, trade relations, and the labour market. The long-term growth projections can also be influenced by the new President’s ability to pass legislation and implement policies.

The new President’s policies can have a significant impact on the labor market. The policies can influence job creation, wages, and the unemployment rate. The labor market is a key driver of economic growth, and the new President’s policies can significantly influence the long-term growth projections of the US economy.

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In conclusion, the 2024 presidential elections are expected to have a significant impact on the US economy. The policies and actions of the new President can influence market stability, consumer confidence, and long-term growth projections. Investors and businesses will be closely monitoring the election outcome and the new President’s policies to make informed decisions about investment and growth.

Challenges in Key Sectors

Key sectors face growth challenges post-2024 US elections. Illustrate a dynamic scene with economic symbols and obstacles to depict this uncertainty

Manufacturing and Trade

The US manufacturing sector has been facing many challenges in recent years, including increasing competition from overseas, rising costs of production, and a shortage of skilled workers. The presidential elections of 2024 are expected to bring new challenges to this sector, particularly with regards to trade policies. The US-China trade war has already had a significant impact on the manufacturing sector, and the new administration will need to carefully consider its approach to international trade.

There are also concerns about the future of the US automotive industry, which has been struggling to keep up with the demand for electric vehicles. The new administration will need to work closely with the industry to develop new strategies for growth and innovation.

Technology and Innovation

The US technology sector has been a major driver of economic growth in recent years, but it too faces many challenges. One of the biggest challenges is the shortage of skilled workers, particularly in the areas of artificial intelligence, machine learning, and data science. The new administration will need to work closely with the private sector to develop new training programs and incentives for workers in these fields.

Another challenge facing the technology sector is the growing concern over data privacy and security. The new administration will need to work closely with industry leaders to develop new policies and regulations to address these concerns.

The US energy sector is undergoing a major transformation, with the rapid growth of renewable energy sources such as wind and solar power. However, the new administration will need to address many challenges in this sector, including the need to modernize the country’s energy infrastructure and the need to reduce carbon emissions.

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There are also concerns about the impact of climate change on the US economy, particularly in the areas of agriculture and tourism. The new administration will need to work closely with industry leaders to develop new strategies for adaptation and resilience.

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Overall, the challenges facing the US economy after the presidential elections of 2024 are significant, but with careful planning and a commitment to innovation and growth, the country can continue to thrive in the years ahead.

Fiscal Policy and Government Spending

The US Capitol building with a graph showing economic growth and a scale representing government spending

After the 2024 presidential elections, the United States faces several challenges to its economic growth. One of the most significant concerns is the country’s fiscal policy and government spending. The government’s spending decisions and tax policies can have a profound impact on the economy, either stimulating or hindering growth.

Budget Deficits and National Debt

The United States has been running budget deficits for many years, resulting in a growing national debt. The government’s deficit spending has been a significant concern for many economists, who argue that it could lead to long-term economic problems. The national debt has already exceeded $28 trillion, and it is expected to continue to rise in the coming years.

Infrastructure Investment

Infrastructure investment is one area where the government can stimulate economic growth. The United States has significant infrastructure needs, including roads, bridges, and airports. Investing in infrastructure can create jobs, increase productivity, and improve the country’s overall economic competitiveness. However, infrastructure investment requires significant government spending, which could exacerbate the budget deficit and national debt issues.

Healthcare and Social Programs

Healthcare and social programs are another area where the government spends a significant amount of money. These programs are critical for ensuring the well-being of American citizens, but they also represent a significant portion of the federal budget. As the population ages, the cost of these programs is expected to rise, putting additional pressure on the government’s finances.

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In conclusion, fiscal policy and government spending are critical factors that will impact the growth of the US economy after the 2024 presidential elections. The government must find a balance between stimulating economic growth and addressing the country’s long-term fiscal challenges.

Monetary Policy and Interest Rates

The Federal Reserve adjusts interest rates, while economic indicators fluctuate post-2024 US election, posing challenges to growth

The monetary policy is an important tool that the government uses to control inflation, stabilize the economy, and promote growth. After the 2024 presidential elections, the new administration will have to address the challenges facing the US economy, including the impact of inflation and interest rates on the economy.

Inflation Control

Inflation is a major concern for the US economy. The government uses monetary policy to control inflation by adjusting interest rates. The Federal Reserve raises interest rates to slow down inflation and lowers them to stimulate the economy. However, the new administration will have to balance the need for inflation control with the need for economic growth.

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The Federal Reserve is responsible for implementing monetary policy in the US. The new administration will have to work closely with the Federal Reserve to develop strategies that promote economic growth while keeping inflation under control. The Federal Reserve can use a variety of tools to implement monetary policy, including open market operations, discount rates, and reserve requirements.

The new administration will have to consider the impact of interest rates on the economy. Higher interest rates can slow down economic growth, while lower interest rates can stimulate the economy. The new administration will have to work with the Federal Reserve to develop strategies that promote economic growth while keeping inflation under control.

The US flag waving in the wind against a backdrop of a bustling city skyline, with election campaign posters and economic growth charts in the foreground

What factors will influence the economic growth rate in the US post-2024 elections?

The economic growth rate in the US post-2024 elections will be influenced by several factors. One of the most significant factors is the incoming administration’s economic policies. The policies will determine the direction of the US economy and its growth rate. Other factors include trade policies, monetary policies, fiscal policies, and the global economic environment.

How might current economic issues evolve to challenge the US economy in the coming years?

Current economic issues such as inflation, income inequality, and the increasing national debt may evolve to challenge the US economy in the coming years. Inflation, for instance, may lead to a decrease in consumers’ purchasing power, which may lead to a decline in demand for goods and services. Income inequality may lead to social unrest, which may have adverse effects on the economy. The increasing national debt may lead to a decrease in investors’ confidence, which may lead to a decline in investment.

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What are expert predictions for the strength and stability of the US economy through to 2029?

Experts predict that the US economy will remain strong and stable through to 2029. The economy is expected to continue growing, albeit at a slower pace. The labor market is expected to remain tight, with low unemployment rates. Inflation is expected to remain within the Federal Reserve’s target range. The US dollar is expected to remain strong, and the country’s debt-to-GDP ratio is expected to remain manageable.

In what ways could the 2024 presidential elections impact the US GDP growth projections?

The 2024 presidential elections could impact the US GDP growth projections in several ways. The election outcome may lead to a change in economic policies, which may have a significant impact on the economy’s growth rate. The election may also lead to a change in investors’ confidence, which may affect the investment climate. The election may also lead to a change in trade policies, which may affect the country’s exports and imports.

What are the potential risks of an economic downturn in the US following the 2024 elections?

The potential risks of an economic downturn in the US following the 2024 elections include a decrease in investors’ confidence, a decline in consumer spending, and a decrease in investment. An economic downturn may also lead to an increase in unemployment rates, a decline in GDP growth, and a decrease in tax revenues.

How will the outcome of the 2024 elections potentially shape the US economic policy and its global economic standing?

The outcome of the 2024 elections will potentially shape the US economic policy and its global economic standing. The incoming administration’s economic policies may have a significant impact on the US economy’s growth rate and its global economic standing. The election outcome may also affect the country’s trade policies, which may affect its global economic standing.

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Analysis

Companies Rush to Bond Market in Record $150bn Debt Splurge: Implications and Analysis

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Introduction

In recent times, investment-grade companies have been tapping the dollar-denominated debt market at the fastest year-to-date pace to lock in lower yields. This has led to a record $150bn debt splurge by companies. In this article, we will explore the reasons behind this trend and its implications.

Why are Companies Rushing to the Bond Market?

The primary reason behind the rush to the bond market is the low-interest-rate environment. The US Federal Reserve has kept interest rates low to support the economy during the pandemic. This has led to a decline in borrowing costs, making it cheaper for companies to borrow money. As a result, companies are taking advantage of the low-interest-rate environment to issue debt and lock in lower yields.

Implications of the Debt Splurge

While the low-interest-rate environment has made it easier for companies to borrow money, it has also led to a surge in corporate debt. The record $150bn debt splurge by companies has raised concerns about the sustainability of the debt levels. If interest rates rise in the future, companies may find it difficult to service their debt, leading to defaults and bankruptcies.

Analysis

The record $150bn debt splurge by companies is a reflection of the current economic environment. The low-interest-rate environment has made it easier for companies to borrow money, but it has also led to a surge in corporate debt. The sustainability of the debt levels is a concern, and companies need to be cautious about taking on too much debt.

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From an investor’s perspective, the low-interest-rate environment has made it difficult to find yield. As a result, investors are turning to the bond market to generate returns. This has led to a surge in demand for corporate bonds, which has driven down yields. While this is good news for companies looking to issue debt, it has made it difficult for investors to find yield.

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Conclusion

In conclusion, the rush to the bond market by investment-grade companies to lock in lower yields is a result of the low-interest-rate environment. While this has made it easier for companies to borrow money, it has also led to a surge in corporate debt. The sustainability of the debt levels is a concern, and companies need to be cautious about taking on too much debt. The implications of the debt splurge are far-reaching, and investors need to be aware of the risks involved.

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China’s Metaverse Working Group: A Step Towards Global Technology Leadership

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Introduction

China’s Ministry of Industry and Information Technology (MIIT) has established a working group consisting of 60 experts, including those from the private sector as well as government officials and academic researchers. The group is tasked with building, maintaining, and promoting metaverse industry standards. The metaverse is a virtual three-dimensional world accessible to users through the internet. It is a place where people can interact with each other in a virtual environment, and it is expected to be the next big thing in the tech industry.

China’s Bid to Become a Global Technology Leader

China’s move to convene Huawei, Tencent, Baidu, and other tech giants to draft metaverse standards is a clear indication of the country’s ambition to become a global technology leader. The newly formed working group is expected to streamline growth and eliminate redundancy in the industry.

The Role of the Working Group

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The working group consists of 60 experts, including representatives from telecoms equipment giant Huawei Technologies, video gaming titans Tencent Holdings and NetEase, web search and artificial intelligence champion Baidu, financial technology firm Ant Group, and computer maker Lenovo Group. Other members include MIIT officials and researchers from Peking University, Fudan University, and other renowned institutions in the country. The group is tasked with building, maintaining, and promoting metaverse industry standards, and it is expected to streamline growth and eliminate redundancy in the industry. The group will also focus on domestic standards and encourage local companies and institutions to deeply engage in international standard-setting activities.

Implications of the Working Group

The establishment of the working group is a significant move by China to shape the future of the metaverse industry. The working group’s efforts to build, maintain, and promote metaverse industry standards will streamline growth and eliminate redundancy in the industry, which will benefit both consumers and businesses. The metaverse is expected to be the next big thing in the tech industry, and China’s move to shape the future of the industry is a significant step towards achieving its goal.

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In-Depth Analysis

The metaverse is a virtual world that is accessible to users through the internet. It is a place where people can interact with each other in a virtual environment, and it is expected to be the next big thing in the tech industry. The metaverse is a loosely defined term that refers to a virtual world that is accessible to users through the internet. It is a place where people can interact with each other in a virtual environment, and it is expected to be the next big thing in the tech industry.

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China’s move to convene Huawei, Tencent, Baidu, and other tech giants to draft metaverse standards is a clear indication of the country’s ambition to become a global technology leader. The newly formed working group is expected to streamline growth and eliminate redundancy in the industry. The metaverse is expected to be the next big thing in the tech industry, and China’s move to shape the future of the industry is a significant step towards achieving its goal.

The working group consists of 60 experts, including representatives from telecoms equipment giant Huawei Technologies, video gaming titans Tencent Holdings and NetEase, web search and artificial intelligence champion Baidu, financial technology firm Ant Group, and computer maker Lenovo Group. Other members include MIIT officials and researchers from Peking University, Fudan University, and other renowned institutions in the country. The group is tasked with building, maintaining, and promoting metaverse industry standards, and it is expected to streamline growth and eliminate redundancy in the industry. The group will also focus on domestic standards and encourage local companies and institutions to deeply engage in international standard-setting activities.

ALSO READ:   Five Most Booming and Trending Startup Ideas for Pakistani Entrepreneurs to Start in 2019 Updated

The establishment of the working group is a significant move by China to shape the future of the metaverse industry. The working group’s efforts to build, maintain, and promote metaverse industry standards will streamline growth and eliminate redundancy in the industry, which will benefit both consumers and businesses. The metaverse is expected to be the next big thing in the tech industry, and China’s move to shape the future of the industry is a significant step towards achieving its goal.

Conclusion

China’s move to convene Huawei, Tencent, Baidu, and other tech giants to draft metaverse standards is a clear indication of the country’s ambition to become a global technology leader. The newly formed working group is expected to streamline growth and eliminate redundancy in the industry. The metaverse is expected to be the next big thing in the tech industry, and China’s move to shape the future of the industry is a significant step towards achieving its goal.

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