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In response to the risk of economic collapse due to COVID, governments around the world have flooded global markets with money created by central banks, in order to boost spending and help save the economy.

What is Bitcoin?

But increasing the supply of money erodes its value and leads people to look for inflation-resistant assets to hold. In this climate, Bitcoin has become a hedge against looming inflation and poor returns on other types of assets. It creates artificial scarcity, which ensures the digital money increases in value over time.

But perhaps the most groundbreaking aspect of the Bitcoin network is that it draws on the work of cryptographers and computer scientists to exist as a blockchain-based digital currency. In other words, it functions via a dispersed peer-to-peer network, rather than through a central authority such as a central bank. This is anyone who chooses to run software to validate Bitcoin transactions on the blockchain.

Typically, these people are actively engaged with cryptocurrency. They are rewarded with bitcoins, more of which are created every ten minutes. But the reward paid to miners halves every four years.

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This gradual reduction was encoded into the network by creator Satoshi Nakamoto, who designed it this way to mimic the process of extracting actual gold — easier at first, but harder with time. Bitocoin miners today earn 6. This creates an incentive to get involved early, as scarcity increases with time. I am sure you can celebrate hard once we get back to somewhere near normal.

Best wishes from us all mate. Enjoy your birthday and look forward to celebrating. Keep flossing! Hopefully, we can meet up very soon and celebrate in style. Roy Deakin, Bizz Badges. Kinasz was with premiums and promotions company, Supremia for almost nine years, rising to become managing director. I know she will lead GeigerBTC on to even greater things. We understand that our members need as much support as possible right now and it has been important for us to assess the current climate and help take some of the pressure off our members. During this unprecedented time, we feel that members need their industry body and we want members to stay with us and be part of the recovery journey with us and not feel the pressure to cancel membership because of cash flow reasons.

The BPMA is providing roviding all members with 3 months complimentary imentary membership from 1st June until 31st August.

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Members will be invoiced for 9 months of membership at time of renewal, and payment will be collected in September by direct debit or by BACS transfer. All membership bands for will remain the same for What is my membership fee for the period?

The direct debit payment plans will then be paused until September. Please contact Daniela Arena on daniela bpma. The BPMA team looks forward to speaking and corresponding with its members regarding renewals in the coming weeks. To minimise administrative burden on members, the BPMA is taking much of the action on behalf of members.

Direct Debit mandates will automatically be updated so there is no need to cancel your mandate already in place. The date will be changed so no monies will be collected in June and this will be changed to September. Now is the time to join your industry association. Be inspired, stay connected and stay educated and informed whilst we begin our recovery journey throughout For membership enquiries, please contact Daniela Arena daniela bpma.

Merchandise World: embracing a new frontier The events industry has taken a huge hit during the coronavirus crisis and with so many shows having to reschedule and potentially reschedule a second time, it came as no surprise that Merchandise World also had to change its plans. Announcing on Thursday 30th April that the face to face aspect of the show was to be changed, Sourcing City and the BPMA covered the reasons why during the popular weekly member webinars, inviting Sourcing City members into the session.

Addressing the sensible move, both the BPMA and Sourcing City cited the need to maintain social distancing and also conduct business responsibly.

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In line with many companies now addressing how best to approach the need for trade shows to continue, virtual platforms will be more widely used as. With more opportunities to showcase and perhaps take advantage of different ways of presenting, this next stage of evolving business practice will be another step towards the UK economic recovery. Other industry shows have taken the decision to reschedule because of coronavirus. My local pub has diversified to become a butcher and cake shop by day, and a takeaway by night. It is utilising the assets at its disposal, such as bulk buying of food, kitchen facilities and trained chefs, to maintain an income and keep staff employed.

Meanwhile, another pub in the village has simply closed until further notice. Strive to thrive When all this is over, perhaps it will return to being a pub-restaurant, but I hope that it continues with the part of the business that it created overnight as. Procurement International is no stranger to adapting to changing conditions. For example, in we made the bold decision to open an office and warehouse in Rotterdam to ensure that whenever Brexit happens, and whatever new rules will apply at that time, we will be in a position to be able to cope and more importantly keep the supply chain flowing to seamlessly keep delivering loyalty and incentive rewards across the globe.

Other changes, such as increased demand for board games, home exercise machines, garden equipment, tablets, games consoles, and coffee machines have resulted in us revising our stock holding. Before this, we had already started to increase our ordering of items that we feel might suffer a production delay caused by factory disruption in the Far East. Greg Connell is account director at Procurement International. From hand sanitisers and antibacterial writing instruments to pocket tissues and personal care products, meditrendz.

With essential services at the forefront of the fight against this virus and support organisations at full capacity, this may be an area that we as an industry can help and assist by offering our clothing experience. PPE and general workwear is now in demand in certain areas, as supply workforces expand to cater for added demands. This is where we need to step up and offer our support and be the clothing experts, to help organisations make the easy and right choice.

Why not create an email. Base the offering around a business pack so that the local delivery and transport company can kit out their workers in branded wear. Another topic generating a lot of discussion is face masks and gloves, all of which are classed as PPE personal protective equipment. However, there are a multitude of products that are available to keep everyone protected. The hazards addressed by protective equipment include physical, electrical, heat, chemicals, and biohazards all of which can be branded and supplied by your garment decorator, who will be able to help you with all your requirements including PPE.

Smart and comfy so that you are comfortable for the day in your jogging pants but smart enough for that video conference call with your branded polo shirt. Working from home is now becoming the norm and as such will be a new experience to many, bringing new challenges on a daily basis. I have been working for many years from a home or remote office and while being comfortable is important, I cannot stress the importance of choosing an appropriate workspace in your home and one that does not blur the lines between home life and work life.

This means choosing an area that is used exclusively for work and work only. It also means choosing an area that is free of the distractions of home life and one where you feel enabled to work your. So, if possible, set up an area in your home that is suited for your daily working needs. I understand that some individuals may be in a situation where the available space at home does not always allow this, but it is something to strive for whenever possible. Happy selling Clive, The Clothing Guru.

Edible promotional merchandise may be more transient than other options, but with many workers cut off from their workplaces and colleagues, they can provide a much needed bit of cheer, says Andy Poar. However, it is also a product set that is often overlooked or misunderstood by distributors as they can be used in lots of different ways to promote a brand either externally or internally. Merchandise with bite The edible product options range from traditional sweets and chocolates with branded packaging through to products with actual edible logos including chocolate, cakes and biscuits and even fruit.

Edibles are generally UK made and can be supplied quickly in both small and large quantities and are a great complimentary product to traditional promo products. However, the power behind edibles is that everybody loves to receive something nice to eat and as a result they are a favourite amongst those who receive them.

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We call it the TweetBeforeYouEat principle and if used well it can create fantastic coverage for a brand on social platforms. Andy Poar is director of Eat My Logo. Staying power When someone receives something really tasty as a business gift it may not provide long lasting brand marketing physically, but the memory of that product and the good feeling it gave them when they ate it will stay with them for a long time as well as generating immense goodwill towards the brand they received it from.

If it has a customer brand on it though it has to be good quality as a poor tasting product it will reflect badly on the brand. In the current climate where thousands of people are homeworking and self-isolating, edibles are a great product to send in low volume and through the post to cheer up these employees and help keep them connected to their workplace.

Edibles are very social media friendly and can be used to create great coverage on the traditional platforms. It is important to support yourself and your collleagues. There are lots of messages, advice, opinions and predictions around. Some of it sounds pretty drastic, and some of it can be contradictory and confusing.

Also, the uncertainty, in itself, can feel very stressful.

Mental Health at Work, a website curated by mental health charity Mind has assembled useful and practical information for employers dealing with employees in radically changed circumstances. It covers lots of issues to help support the mental health of yourself and others in the coming weeks and months, including those with existing mental health concerns.

Mental Health at Work has produced guides to keeping yourself and your employees well. The coronavirus resources can be found in mentalhealthatwork. The pages include detail on mental health, safety, infrastructure and more, as well as the latest UK government advice and updates for employers and the public. Current government advice is that, with the exception of some non-essential shops and public venues, other businesses are not being asked to close — indeed it is important for business to carry on. Businesses and workplaces should encourage their employees to work at home, wherever possible and should let them know about any policies they have for home working.

Sometimes this will not be possible, as not everyone can work from home.