Credit Utilization Rate Explained By National Debt Relief

MIAMI (PRWEB) February 19, 2018

Credit utilization ratio is an important factor in computing for credit scores and National Debt Relief explains it in more detail. The article titled “Understanding Your Credit Utilization Rate and How to Improve It” released February 14, 2018, helps consumers gain a better understanding of what credit utilization ratio is and how they can manage it to improve their credit score.

The article starts off by explaining that the credit utilization ratio is the ratio between the credit card balances and their limit. It basically measures the available credit at any given time and how much of it a person is using. The lower the percentage, the better it is for their score. This also helps lenders identify lending risk. The article shares that this is one of the easiest factors to improve on which can positively affect their credit score.

One of the tips that the article share is paying above what their minimum payment is. This helps lower the total debt amount. As the balance goes down, it also lowers the usage rate and sends a good signal to lenders. As it lowers down a person’s credit utilization ratio, it also helps consumers pay-off their card debt a lot faster.

One other tip the article gives to consumers is to learn how to diversify their expenses. This works for consumers who have more than one credit card because it entails distributing expenses throughout the credit cards. As the amount is distributed, the credit utilization ratio is lower because no one card carries all the debt. Consumers also need to remember that having three cards with low utilization rates is better than having one card with a high one.

The article also shares that consumers can choose to get alerts through their credit card company. Once their balance nears a specified dollar figure, they will know about it allowing them to maintain a low credit utilization ratio. They can also request for an increase in their credit limit but this should be the last option. This is because consumers could be tempted to spend more and be back in the same situation.

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Indian State Of Maharashtra Announces Their Intent To Build First Hyperloop Route In India And Signs Historic Agreement With Virgin Hyperloop One


Indian State Of Maharashtra Announces Their Intent To Build First Hyperloop Route In India And Signs Historic Agreement With Virgin Hyperloop One

Pune-Mumbai Route Will Support 150 Million Passenger Trips Per Year And Help India Boost Its Economic Competitiveness Through High-Speed Transportation Innovation and Job Creation

Construction Will Begin With An Operational Demonstration Track

PR Newswire

MUMBAI, India, Feb. 18, 2018 /PRNewswire/ — Virgin Hyperloop One today announced the Indian State of Maharashtra’s intent to build a hyperloop between Pune and Mumbai beginning with an operational demonstration track.

Pune to Mumbai in 25 minutes via hyperloop

Virgin Group Founder and Virgin Hyperloop One Chairman Sir Richard Branson announced the Framework Agreement in the presence of the Hon’ble Prime Minister Narendra Modi and the Hon’ble Chief Minister of Maharashtra Devendra Fadnavis to begin the development of the route. This historic signing at the Magnetic Maharashtra event was also attended by Virgin Hyperloop One board members and key investors Sultan Ahmed bin Sulayem, CEO and Group Chairman of DP World, and Ziyavudin Magomedov, Chairman of Summa Group.

Recognizing the Maharashtra government’s contribution to the country’s economy, Indian Prime Minister Narendra Modi said, “51 per cent of total investments in India have come to Maharashtra, and the state is attracting global investors. The state’s overall development in the past few years is a shining example of change thinking and improving conditions in the country. Maharashtra government was ahead of all other Indian states in terms of infrastructure spend and the state is on its way to achieving its bold vision of a trillion-dollar economy.”

“I believe Virgin Hyperloop One could have the same impact upon India in the 21st century as trains did in the 20th century. The PuneMumbai route is an ideal first corridor as part of a national hyperloop network that could dramatically reduce travel times between India’s major cities to as little as two hours,” said Sir Richard Branson. “Virgin Hyperloop One can help India become a global transportation pioneer and forge a new world-changing industry.”

The hyperloop route will link central Pune, Navi Mumbai International Airport, and Mumbai in 25-minutes, connecting 26 million people and creating a thriving, competitive megaregion. The high-capacity passenger and cargo hyperloop route eventually will support 150 million passenger trips annually, saving more than 90 million hours of travel time, and providing citizens with greater opportunities and social and economic mobility. The hyperloop system will also have the potential for the rapid movement of palletized freight and light cargo between the Port of Mumbai and Pune, creating a robust backbone for on-demand deliveries, supply chains, and next-generation logistics.

The PuneMumbai route could result in USD $55 billion (INR 350,000 crores) in socio-economic benefits (time savings, emissions and accident reduction, operational cost savings, etc.) over 30 years of operation, according to an initial pre-feasibility study completed by Virgin Hyperloop One. The 100% electric, efficient hyperloop system will ease severe expressway congestion and could reduce greenhouse gas emissions by up to 150,000 tons annually.

“With Virgin Hyperloop One, we can create a sustainable infrastructure that will enhance the State of Maharashtra’s competitiveness and attract new investment and businesses,” said the Chief Minister of Maharashtra Devendra Fadnavis. “The PuneMumbai hyperloop route will be an economic catalyst for the region and create tens of thousands of jobs for India’s world-class manufacturing, construction, service, and IT sectors and aligns with Make in India initiatives.”

The PuneMumbai hyperloop project will begin with a six-month in-depth feasibility study which will analyze and define the route alignment including environmental impact, the economic and commercial aspects of the route, the regulatory framework, and cost and funding model recommendations. The feasibility study will build upon the findings of the pre-feasibility study signed in November 2017 between the Pune Metropolitan Regional Development Authority and Virgin Hyperloop One.

The project will enter a procurement stage upon the successful completion of the feasibility study to determine the public-private partnership structure. Construction of the PuneMumbai hyperloop route would commence after procurement and will be completed in two phases, beginning with an operational demonstration track built between two points on the route. The demonstration track will be constructed in two to three years from the signing of the agreement and serve as a platform for testing, certifying, and regulating the system for commercial operations. The second phase will target to complete construction of the full PuneMumbai route in five to seven years. Future projects could also extend the route to link central Pune with the New Pune International Airport and Jawaharlal Nehru Port in Mumbai with Pune’s industrial economic zones. 

“The PuneMumbai hyperloop project will ultimately be executed by a public-private partnership which will save taxpayer money while delivering a transport option that will help the State of Maharashtra support economic growth, improve sustainability, and meet the transport demands,” said Kiran Gitte, CEO of the Pune Metropolitan Region Development Authority.

“We have always believed that India would be a tremendous market for hyperloop. The PuneMumbai route is one of the strongest economic cases we have seen to-date,” said Virgin Hyperloop One CEO Rob Lloyd. “The State of Maharashtra has made a strong commitment to building the first hyperloop route in India. We are looking forward to partnering with the State as well as our partners to make the PuneMumbai route a reality.”

For the signing photo, route map, fact sheet, and b-roll click here. Additional media images can be accessed here

About Virgin Hyperloop One

Virgin Hyperloop One is the only company in the world that has built a fully operational hyperloop system. Our team has the world’s leading experts in engineering, technology, and transport project delivery, working in tandem with global partners and investors to make hyperloop a reality, now. Virgin Hyperloop One is backed by key investors including DP World, Caspian VC Partners (part of Summa Group), Virgin Group, Sherpa Capital, Abu Dhabi Capital Group, SNCF, GE Ventures,  Formation 8, 137 Ventures, WTI, among others. For more information, visit

Media Contacts
Genesis Burson-Marsteller
Shivangi Prabhudesai
+91 9769351676

Virgin Hyperloop One
Ryan Kelly
Head of Marketing and Communications

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SOURCE Virgin Hyperloop One

IPBC Launches a Free Worldwide Content Distribution Platform with a Built-In Cryptocurrency

(PRWEB) February 18, 2018, a Tenerife-based software development company, has announced the launch of an open video sharing platform, IPBC, with a unique revenue model based on integrated cryptocurrency.

Distribution of content on the IPBC platform is based on a revenue share model, designed to benefit both consumers and copyright holders. IPBC aims to empower creators by offering a payment solution powered by its own cryptocurrency, IPBC coin. Users can participate in the payment ecosystem via a browser-based miner, the profits of which will be used to pay copyright holders based on how often their content is viewed.

The monetization system also rewards users by allowing free viewing and sharing of content without advertising. According to the company whitepaper, 90% of the mining profits will be shared between content creators and users, with the remaining 10% used to generate revenue for

Saber Maram, the Co-Founder and CEO of the company defines the vision of IPBC to be a “worldwi-de innovative platform, in which performance and reward for copyright are brought to a new fair use level. In the future, this reward will no longer depend on your living area, advertising companies, data service providers or arbitrary decisions.”

“With IPBC, the content owner has direct contact with the market and its users. It is only this market that decides who gets paid, for what data and how high the payment will be. There is no more hierarchy to sort the service data providers, the portals or any other commercial entity.”

The mining pool itself has been designed to be completely transparent. It will only be available to logged in users who have given their explicit consent to the operation.

Main features of IPBC include:

  • IPBC Website – web portal and search engine
  • Cryptomining as a payment system.
  • Video portal through the IPFS network.
  • Broadcasting through P2P and IPFS connections.
  • Remote control through WebRTC and direct connection

Future development include a built-in meta tag based search engine as well as a pattern proof checking system, which allows copyright holders to submit as well as claim ownership of their content.

The platform in now live at

IPBC token will be unlocked and listed on the LiveCoin exchange on February 21st.

About IPBC

Interplanetary Broadcast Coin SL is a privately funded technology company that specializes in global broadcas-ting solutions, data security and blockchain technology. Since its launch in 2017, IPBC has obtained partner status with the Berlin based software company RA-MICRO International SE and developed a number of leading software applications including vViewer, an encrypted P2P screen sharing platform. For more information about IPBC, visit



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