Capterra Glossary
Money Clouds
A money cloud is an online platform designed to transfer funds. Unlike other methods, money clouds lack a central controlling system or proprietary technology. As collaborative initiatives, money cloud development projects create open-source technologies. These person-to-person (P2P) transactions can use different digital currencies.
What Small and Midsize Businesses Need to Know About Money Clouds
Businesses can use money clouds to send and receive funds. Digital wallets allow the transfer of multiple currencies. Cloud money (also called cloud cash) helps avoid problems associated with overseas transfers. Money clouds are subject to varying exchange rates, high fees, and delayed payments.
Related Terms
- Compound Annual Growth Rate (CAGR)
- Financial Planning and Analysis (FP&A)
- Selling General and Administrative (SG&A) Expenses
- Hedge Fund
- Gateway
- Record to Report (R2R)
- ROIT (Return on Information Technology)
- Chief Revenue Officer (CRO)
- SAC (Subscriber Acquisition Cost)
- ROE (Return on Equity)
- Tokenization
- Net Present Value
- Fintech
- Financial Management System (FMS)
- Business Capability Modeling