
<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
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	<title>Blog &#8211; IXDLAB</title>
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	<link>https://ixdlab.co.uk</link>
	<description>User experience, User Research, Interaction design</description>
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	<title>Blog &#8211; IXDLAB</title>
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	<item>
		<title>Profit better by the UX AI design</title>
		<link>https://ixdlab.co.uk/blog/useful-and-profitable-ux-experience-for-ai/</link>
		
		<dc:creator><![CDATA[IXDLAB]]></dc:creator>
		<pubDate>Tue, 25 Jun 2024 16:09:49 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[User experience]]></category>
		<category><![CDATA[User Research]]></category>
		<category><![CDATA[Ux]]></category>
		<guid isPermaLink="false">https://ixdlab.co.uk/?p=1364</guid>

					<description><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> 2</span> <span class="rt-label rt-postfix">minutes</span></span>Help user's get their needs from AI and meet your business goals by adding added value through UX design. ]]></description>
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<h2 class="wp-block-heading">Artificial Intelligence, AI Driven UX helps to design useful digital products or services.</h2>



<h2 class="wp-block-heading">Improve Machine learning, NLP, Computer vision, or <a href="https://ixdlab.co.uk/blog/the-24-ux-terms-everyone-should-know/" data-type="post" data-id="438">AI through UX</a> design. With potential to better personalisation of data, efficiency and monetisation. Help user&#8217;s get their needs from AI and meet your business goals by adding added value through UX design. Here we explore basic principles and strategy&#8217;s for helping you monetise.</h2>



<h4 class="wp-block-heading"><br>Principles</h4>



<h4 class="wp-block-heading"><strong><a href="https://ixdlab.co.uk/user-research/what-no-one-tells-you-about-user-research/" data-type="post" data-id="705">Get to know and understand the users</a></strong></h4>



<p>User Research helps to identify users needs, preferences and pain points. Build a delightful experience for the user of your digital AI product or service.</p>



<h4 class="wp-block-heading"><strong>Trust</strong></h4>



<p>Building trust in use of a product or service is paramount.<strong> </strong>Provide users with control over their data and ability to customise any interactions.</p>



<h4 class="wp-block-heading"><strong>Personalisation</strong></h4>



<p>Improve your conversion rate and deliver targeted content or features for a personalised experience.</p>



<h4 class="wp-block-heading"><strong>Improving on our previous product</strong>:</h4>



<p>Provide a way to regularly feedback to enhance your product or service lifecycle. Update or enhance your product with new features or content.</p>



<h3 class="wp-block-heading">Strategies</h3>



<h4 class="wp-block-heading"><strong>Ramp up those Product Offerings</strong>:</h4>



<p>Build features or premium offerings the users will want to pay for such as:</p>



<ul class="wp-block-list">
<li>Advanced analytics</li>



<li>Personalised AI coaching, Chatbot help using Conversationalist AI</li>



<li>Exclusive content</li>



<li>One off collaborations with other brands.</li>
</ul>



<h4 class="wp-block-heading"><strong>Consider a Subscription based Model</strong></h4>



<ul class="wp-block-list">
<li>Allow users to choose levels of AI integration suiting their goals. Use a Subscription-based pricing for AI-driven features.</li>



<li>Offer free trials of your product to your user base.</li>



<li>Use Tiered Models a User can choose with a range of packages.</li>



<li>Use freemium models with a basic version or reduced feature set of your product or service. This helps to attract users and prove the value of premium content or features.</li>
</ul>



<h4 class="wp-block-heading"><strong>Data-Driven Insights</strong></h4>



<ul class="wp-block-list">
<li>Use AI for analysis of <a href="https://ixdlab.co.uk/blog/3-reasons-to-user-research-ai/" data-type="post" data-id="478">user behaviour and preference</a>.</li>



<li>Marketing strategies</li>



<li>Product development</li>



<li>Provide insightful improvements to existing customer service strategies.</li>



<li>Use aggregated data gathered by AI for market research and strategic planning.</li>



<li>Use predictive analytics</li>
</ul>



<h4 class="wp-block-heading"><strong>Advertising, to suit your audience</strong>:</h4>



<ul class="wp-block-list">
<li>Deliver targeted advertising with AI in your digital product or service.</li>



<li>Ads should be non-intrusive, and enhancing.</li>



<li>Partner with brands for sponsored content that is of the user interests.</li>
</ul>



<h4 class="wp-block-heading"><strong>Ai&#8217;s efficiency and Cost savings though UX</strong>:</h4>



<ul class="wp-block-list">
<li>AI improves operational efficiency through automation of repetitive tasks.</li>



<li>Competitive pricing can help the users to save on cost. Reinvest saved costs to enhance UX further.</li>



<li>AI-driven efficiency will help to provide a user with better cost realisation. Navigate potential hazards of data analysis on a large-scale. Improving ROI something to shout about in your marketing.</li>
</ul>



<h3 class="wp-block-heading"><strong>UX basics</strong></h3>



<p><a href="https://ixdlab.co.uk/ux-design/free-ux-business-canvas/" data-type="post" data-id="653">The UX business canvas</a></p>



<p><a href="https://ixdlab.co.uk/user-research/what-no-one-tells-you-about-user-research/" data-type="post" data-id="705">What no one tells you about User research</a></p>



<p></p>



<h4 class="wp-block-heading">UX Design definition:</h4>



<p>UX is for creating products and services&nbsp;providing meaningful and relevant experiences.&nbsp;</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>What is User Experience Design (UX)?</title>
		<link>https://ixdlab.co.uk/blog/what-is-user-experience-design/</link>
					<comments>https://ixdlab.co.uk/blog/what-is-user-experience-design/#respond</comments>
		
		<dc:creator><![CDATA[IXDLAB]]></dc:creator>
		<pubDate>Thu, 23 May 2024 14:30:43 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[User experience]]></category>
		<guid isPermaLink="false">https://ixdlab.co.uk/?p=1265</guid>

					<description><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> 2</span> <span class="rt-label rt-postfix">minutes</span></span>User Experience Design improves interaction and experience of a digital  product or service. ]]></description>
										<content:encoded><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> 2</span> <span class="rt-label rt-postfix">minutes</span></span>
<h2 class="wp-block-heading">User Experience Design (UX) enhances interaction between a user and a digital product or service as part of the experience of a brand or organisation.</h2>



<h3 class="wp-block-heading"><strong>What User experience designers use to create UX Design</strong> (UX)</h3>



<h4 class="wp-block-heading"><strong>Effectiveness</strong>:&nbsp;</h4>



<ul class="wp-block-list">
<li>The product or service UX enables users to achieve goals when using a product or service or to complete a task.</li>
</ul>



<h4 class="wp-block-heading"><strong>Efficiency</strong>:&nbsp;</h4>



<ul class="wp-block-list">
<li>Ensuring users accomplish goals with minimal effort.&nbsp;This&nbsp;helps reduce the number of steps to complete a goal or task.</li>
</ul>



<h4 class="wp-block-heading"><strong>Learnability</strong>:&nbsp;</h4>



<ul class="wp-block-list">
<li>Is the product or service easy to learn? Is it possible for the user to get through&nbsp;a basic&nbsp;task? How fast can the user understand the controls needed to work with the interface (UI).</li>
</ul>



<h4 class="wp-block-heading"><strong>Memorability</strong>:&nbsp;</h4>



<ul class="wp-block-list">
<li>How well users recall how to interact with a product or service after some time.&nbsp;</li>
</ul>



<h4 class="wp-block-heading"><strong>Accessibility</strong>:</h4>



<ul class="wp-block-list">
<li>Design products or services accessible to everyone meeting Web Content Accessibility Guidelines (WCAG).&nbsp;</li>
</ul>



<h4 class="wp-block-heading"><strong><a href="https://ixdlab.co.uk/2018/10/31/a-quick-guide-to-the-interaction-designer/" title="">Interaction Design</a>:&nbsp;</strong></h4>



<ul class="wp-block-list">
<li>Designing for the user&#8217;s behaviour when interacting with a product or service.</li>
</ul>



<h4 class="wp-block-heading"><strong>Information Architecture</strong>:&nbsp;</h4>



<ul class="wp-block-list">
<li>Organisational structures that are clear and concise to help users&nbsp;efficiently&nbsp;find information and complete tasks.</li>
</ul>



<h4 class="wp-block-heading"><strong>User Research</strong>:</h4>



<ul class="wp-block-list">
<li>Involves<a href="https://ixdlab.co.uk/2019/02/11/what-no-one-tells-you-about-user-research/" title="">&nbsp;understanding user behaviours</a>, needs, and&nbsp;motivations through techniques like&nbsp;observation,&nbsp;and task analysis and methods including interviews, surveys, usability testing, and analytics. However a combination of techniques maybe used to reach a conclusion.</li>
</ul>



<h4 class="wp-block-heading"><strong>Aesthetic Design</strong>:&nbsp;</h4>



<ul class="wp-block-list">
<li>Enhancing&nbsp;the&nbsp;aesthetics of design&nbsp;with suitable images, typography, space, layout, and color.&nbsp;This&nbsp;supports the overall user experience and brand identity for both UI/UX.</li>
</ul>



<h4 class="wp-block-heading"><strong>Prototyping and Wireframing</strong>:&nbsp;</h4>



<ul class="wp-block-list">
<li>Low-fidelity (wireframes) and high-fidelity (<a href="https://ixdlab.co.uk/2024/01/08/our-top-7-ux-skills/" title="">prototypes</a>) of a product or service to test ideas.</li>



<li>Allows for early testing and validation of design concepts.</li>
</ul>



<h3 class="wp-block-heading"><strong>Goals of UX Design</strong></h3>



<h4 class="wp-block-heading"><strong>User Satisfaction</strong>:&nbsp;</h4>



<ul class="wp-block-list">
<li>Is the product enjoyable and satisfying to use?</li>
</ul>



<h4 class="wp-block-heading"><strong>Efficiency</strong>:&nbsp;</h4>



<ul class="wp-block-list">
<li>Users may achieve objectives quickly and easily.</li>
</ul>



<h4 class="wp-block-heading"><strong>Effectiveness</strong>:&nbsp;</h4>



<ul class="wp-block-list">
<li>Does the service or product do what it&nbsp;is intended&nbsp;to do?</li>
</ul>



<h4 class="wp-block-heading"><strong>Engagement</strong>:&nbsp;</h4>



<ul class="wp-block-list">
<li>Creating a compelling experience that encourages users to continue using the product.</li>
</ul>



<h3 class="wp-block-heading"><strong>UX Design Process</strong></h3>



<h4 class="wp-block-heading"><strong>Research</strong>:</h4>



<ul class="wp-block-list">
<li>Understand user needs and problems.</li>
</ul>



<h4 class="wp-block-heading"><strong>Analysis</strong>:</h4>



<ul class="wp-block-list">
<li>Interpreting data collected during research to identify key insights and areas for improvement.</li>
</ul>



<h4 class="wp-block-heading"><strong>Design</strong>:</h4>



<ul class="wp-block-list">
<li>Design solutions based on research findings then Sketch, wireframe, prototype. Working with developers and product owners to bring a design to life.</li>
</ul>



<h4 class="wp-block-heading"><strong>Tests</strong>:</h4>



<ul class="wp-block-list">
<li>Usability test to identify issues and areas for improvement.</li>



<li>Iterate tests through regular feedback processes.</li>
</ul>



<h3 class="wp-block-heading"><strong>Tools&nbsp;</strong></h3>



<p>Sketch, Figma, Adobe XD, InVision, Axure, UserTesting, Google Analytics, Miro, Trello</p>



<h3 class="wp-block-heading">UX basics</h3>



<p><a href="https://ixdlab.co.uk/2024/01/08/our-top-7-ux-skills/" title="Our top ten UX skills">Our top ten UX skills</a></p>



<p><a href="https://ixdlab.co.uk/2019/11/13/the-top-7-user-experience-mistakes/" title="The top 7 User experience mistakes">The top 7 User experience mistakes</a></p>



<p><a href="https://ixdlab.co.uk/2018/10/31/a-quick-guide-to-what-a-user-experience-designer-does/" title="A quick guide to the UX designer">A quick guide to what the user experience designer does</a></p>



<p>UX Design definition:  UX is for creating products and services&nbsp;providing meaningful and relevant experiences.&nbsp;</p>
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		<title>Our Top 7 UX skills</title>
		<link>https://ixdlab.co.uk/blog/our-top-7-ux-skills/</link>
					<comments>https://ixdlab.co.uk/blog/our-top-7-ux-skills/#respond</comments>
		
		<dc:creator><![CDATA[IXDLAB]]></dc:creator>
		<pubDate>Mon, 08 Jan 2024 17:44:12 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://ixdlab.co.uk/?p=1249</guid>

					<description><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> &#60; 1</span> <span class="rt-label rt-postfix">minute</span></span>Projects we love them and we often get asked what are our top UX skills that we use regularly. So here are our top 7: User Research: Understanding user behaviour to gather valuable insights to inform on the design process. Prototyping and Wireframing: Essential for communicating design ideas, helping to facilitate collaboration and testing. Accessibility...  <a class="excerpt-read-more" href="https://ixdlab.co.uk/blog/our-top-7-ux-skills/" title="Read Our Top 7 UX skills">Read more &#187;</a>]]></description>
										<content:encoded><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> &lt; 1</span> <span class="rt-label rt-postfix">minute</span></span>
<p>Projects we love them and we often get asked what are our top UX skills that we use regularly. So here are our top 7: </p>



<p><strong><br>User Research:</strong> Understanding user behaviour to gather valuable insights to inform on the design process.</p>



<div class="wp-block-group"><div class="wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained">
<p><strong>Prototyping and Wireframing:</strong> Essential for communicating design ideas, helping to facilitate collaboration and testing.</p>



<p><strong>Accessibility Design: </strong>Create<strong> </strong>Accessible digital products incorporating accessibility guidelines and practices. Design inclusive for all users.</p>



<p><strong>Information Architecture:</strong> Navigation and content flow enhance user understanding and engagement.</p>



<p><strong>Visual Design:</strong> Aesthetics visual design, color, typography, and layout to create interfaces that align with brand identity.</p>



<p><strong>Usability Testing:</strong> Plan and conduct usability tests to make the right design decisions.</p>



<p><strong>Analytics:</strong> User data is key. Use good analytics tools and there is no looking back. </p>
</div></div>



<p></p>



<p><strong>For more about UX, or a no obligation consultation, please get in touch with us today on 07858110704, or email <a href="mailto:info@ixdlab.co.uk"><strong>info@ixdlab.co.uk</strong></a>.</strong></p>
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		<title>Our top five inspirational UX quotes</title>
		<link>https://ixdlab.co.uk/blog/our-top-five-inspirational-ux-quotes/</link>
					<comments>https://ixdlab.co.uk/blog/our-top-five-inspirational-ux-quotes/#respond</comments>
		
		<dc:creator><![CDATA[IXDLAB]]></dc:creator>
		<pubDate>Fri, 27 Nov 2020 16:56:25 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://ixdlab.co.uk/?p=642</guid>

					<description><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> &#60; 1</span> <span class="rt-label rt-postfix">minute</span></span>Get inspired with some of our favourite UX quotations! We use them for brainstorming sessions, or for inspiration on projects in our consideration of how users feel, and use an interactive product. &#160; We see our customers as invited guests to a party, and we are the hosts. It’s our job every day to make...  <a class="excerpt-read-more" href="https://ixdlab.co.uk/blog/our-top-five-inspirational-ux-quotes/" title="Read Our top five inspirational UX quotes">Read more &#187;</a>]]></description>
										<content:encoded><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> &lt; 1</span> <span class="rt-label rt-postfix">minute</span></span><h2><span style="font-family: Arial, sans-serif;"><span style="font-size: large;">Get inspired with some of our <span lang="en-GB">favourite</span> UX quotations! We use them for brainstorming sessions, or for inspiration on projects in our consideration of how users feel, and use an interactive product.</span></span></h2>
<p>&nbsp;</p>
<blockquote>
<p align="LEFT"><span style="color: #454545;"><span style="font-family: Arial, sans-serif;"><span style="font-size: medium;"><i>We see our customers as invited guests to a party, and we are the hosts. It’s our job every day to make every important aspect of the customer experience a little bit better. –</i></span></span></span></p>
<p align="LEFT"><span style="font-family: Arial, sans-serif;"><span style="font-size: medium;"><a href="https://en.wikipedia.org/?title=Jeff_Bezos" target="_blank" rel="noopener noreferrer">Jeff Bezos</a> </span></span></p>
</blockquote>
<blockquote>
<p align="LEFT"><span style="color: #454545;"><span style="font-family: Arial, sans-serif;"><span style="font-size: medium;"><i>Your most unhappy customers are your greatest source of learning. –&nbsp;</i></span></span></span></p>
<p align="LEFT"><span style="font-family: Arial, sans-serif;"><span style="font-size: medium;"><a href="http://www.gatesnotes.com/" target="_blank" rel="noopener noreferrer">Bill Gates</a> </span></span></p>
</blockquote>
<blockquote>
<p align="LEFT"><strong><span style="color: #333333;"><span style="font-family: Arial, sans-serif;"><span style="font-size: medium;"><b>It takes no skills to make something crappy. Skills are only required to make something great. &#8211; </b></span></span></span></strong><a href="https://twitter.com/jmspool" target="_blank" rel="noopener noreferrer"><span style="color: #959595;"><span style="font-family: Arial, sans-serif;"><span style="font-size: medium;"><u>Jared Spool</u></span></span></span></a><span style="color: #333333;"><span style="font-family: Arial, sans-serif;"><span style="font-size: medium;">, Founder at User Interface Engineering</span></span></span></p>
</blockquote>
<blockquote>
<p><span style="color: #333333;">“<span style="font-family: Arial, sans-serif;"><span style="font-size: medium;">Design is not just what it looks like and feels like. Design is how it works.”</span></span><strong><span style="color: #169195;"><span style="font-family: Arial, sans-serif;"><span style="font-size: medium;"><u><b><a href="http://www.biography.com/people/steve-jobs-9354805#synopsis" target="_blank" rel="noopener noreferrer">Steve Job</a>s</b></u></span></span></span></strong></span></p>
</blockquote>
<blockquote>
<p align="LEFT"><span style="color: #3c3c3c;">“</span><span style="color: #3c3c3c;"><span style="font-family: Arial, sans-serif;"><span style="font-size: medium;">If you can’t explain it simply, you don’t understand it well enough.” –</span></span></span><strong><span style="color: #3c3c3c;"><span style="font-family: Arial, sans-serif;"><span style="font-size: medium;"><b>Albert Einstein</b></span></span></span></strong></p>
</blockquote>


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		<title>Working with Chattitude, ux’d Chatbot Design</title>
		<link>https://ixdlab.co.uk/blog/working-with-chattitude-uxd-chatbot-design/</link>
					<comments>https://ixdlab.co.uk/blog/working-with-chattitude-uxd-chatbot-design/#respond</comments>
		
		<dc:creator><![CDATA[IXDLAB]]></dc:creator>
		<pubDate>Mon, 31 Aug 2020 13:33:04 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://ixdlab.co.uk/?p=1171</guid>

					<description><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> 3</span> <span class="rt-label rt-postfix">minutes</span></span>Strange, strange things&#8230; At ixdlab_ we aren’t convinced that Chatbots can fully replace a trained human employee entirely.&#160; We do believe they offer business added value in supporting out of hours contact, or brilliant for handling regular simple tasks like applying a flag to customer bank accounts that the customer is using a card in...  <a class="excerpt-read-more" href="https://ixdlab.co.uk/blog/working-with-chattitude-uxd-chatbot-design/" title="Read Working with Chattitude, ux’d Chatbot Design">Read more &#187;</a>]]></description>
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<p>Strange, strange things&#8230; At ixdlab_ we aren’t convinced that Chatbots can fully replace a trained human employee entirely.&nbsp; We do believe they offer business added value in supporting out of hours contact, or brilliant for handling regular simple tasks like applying a flag to customer bank accounts that the customer is using a card in another country. They can be useful for answering customer queries on delivery dates for ordered goods, or to help identify and apply voucher savings on a range of products for promotional reasons.&nbsp;</p>



<p>Building a Chatbot to successfully respond to every customers query isn’t without its challenges. Researchers currently predict that within the next five years 70 &#8211; 90% of customer queries will be successfully dealt with by Chatbots, the resulting cost saving making Chatbots worth considering.&nbsp;</p>



<p>So how do you work out how to construct a useful and successful chatbot?</p>



<p>1. Work out what questions your customers ask on a frequent basis.</p>



<p>This could range from simple queries:</p>



<ul class="wp-block-list"><li>Delivery times</li><li>Shipping addresses&nbsp;</li><li>Order status&nbsp;</li><li>Onboarding&nbsp;</li><li>Updates to pricing&nbsp;</li><li>Discount</li></ul>



<p>and simple tasks</p>



<ul class="wp-block-list"><li>Changing a PIN number&nbsp;</li><li>Applying a discount to the right product&nbsp;</li><li>Password resets&nbsp;</li></ul>



<p>2. Work out how many of the regular queries answered by your staff can be directed to the chatbot</p>



<p>Time savings for your staff answering customer contact queries and completing simple tasks can be measured over a typical day, week, or month. So if a member of staff regularly addresses the same queries in say the average industry time of 10 minutes for responding to a customer query with a specified time period then it is possible to benchmark the most common queries and work out an average cost of handling responses.</p>



<p>3.&nbsp; Chatbots have problems recovering from incorrect input by customers or deviation off topic</p>



<p>Chatbots often work on linear scripts that have very specific steps. It’s better if the design of the Chatbot is far more flexible, and adaptive to identifying changes in request for what the Customer wants. This is not however without issue. Designing a Chatbot which can identify context of query is better than designing with a tightly scripted linear type script which is too inflexible to adapt to customer changes. Other ways to compensate for incorrect input is to show the Chatbots menu to the customer to help resolve a query.</p>



<p>Typos and indirect questions can also challenge the Chatbots responses. So make sure that a design compensates for these eventualities and has flexibility in the interpretation of contexts from the customers answers.</p>



<p>4. Sometimes understanding between customers and company Chatbot need a little help.</p>



<p>If all other routes to answer a customers query become too over complex. Provide alternative contact to the customer such as a phone number, access to a human being, or a reasonable alternative.&nbsp;</p>



<p>5. Never hide the fact from the customer that they are conversing with a Chatbot&nbsp;</p>



<p>Avoid the frustration of the customer by making it obvious that contact is with a Chatbot initially. If the customer of the chatbot cannot find the right answer put them in contact with an actual customer advisor, but advise the customer before you transfer the conversation.&nbsp;</p>



<p>That by designing flexibility into a Chatbots scripts and into the design of its responses in context of a customers query can prove to be a valuable addition to your business strategy. Despite the problems with a Chatbots high interaction cost and the questions around spending more on a website or app to avoid the need for a Chatbot they still are useful for providing coverage 24/7 for simple queries and tasks. They can also lessen the distractions associated when a customer is making a purchase. <br>Chatbots have potential to improve on the return on investment for your company so that you and your staff can concentrate on the less mundane aspects of customer support.&nbsp;</p>



<p><strong>Improving User Experience with IXDLAB</strong></p>



<p>At IXDLAB, we help the world’s top brands to create digital experiences that work for their users. From user research and design, to evaluation – our UX experts will ensure that your digital products are right for your audience.</p>



<p><strong>For more about UX, or a no obligation consultation, please get in touch with us today on 07858110704, or email <a href="mailto:info@ixdlab.co.uk"><strong>info@ixdlab.co.uk</strong></a>.</strong></p>



<p>We are verified content creators with Brave Rewards using the <a href="https://brave.com/compare/chrome/">Brave Browser</a>. Brave Rewards allows you to choose, browse and reward content creators like ixdlab using BAT or other Cryptocurrency&#8217;s. If you find our content useful and like what you read please donate via downloading the Brave browser. The Brave Browser allows you to earn free BAT. We are currently trialling this type of crowdfunding for our Cryptocurrency research projects.</p>
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		<title>Working from home</title>
		<link>https://ixdlab.co.uk/blog/our-unique-take-on-working-from-home/</link>
					<comments>https://ixdlab.co.uk/blog/our-unique-take-on-working-from-home/#respond</comments>
		
		<dc:creator><![CDATA[IXDLAB]]></dc:creator>
		<pubDate>Wed, 01 Apr 2020 12:49:26 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://ixdlab.co.uk/?p=1153</guid>

					<description><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> 3</span> <span class="rt-label rt-postfix">minutes</span></span>Here are some of our top ten tips for working at home. 1. Meetings. Stuck for a way to have a meeting with more than one person? Use Google Hangouts, or Zoom for meetings. For a more personal approach try Skype.Always, always have a decent suit jacket to reach for if the occasion arises. 2....  <a class="excerpt-read-more" href="https://ixdlab.co.uk/blog/our-unique-take-on-working-from-home/" title="Read Working from home">Read more &#187;</a>]]></description>
										<content:encoded><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> 3</span> <span class="rt-label rt-postfix">minutes</span></span>
<h2 class="wp-block-heading">Here are some of our top ten tips for working at home.</h2>



<p><strong>1. Meetings. </strong></p>



<p>Stuck for a way to have a meeting with more than one person? Use Google Hangouts, or <a href="https://zoom.us/">Zoom</a> for meetings.  For a more personal approach try Skype.<br>Always, always have a decent suit jacket to reach for if the occasion arises. </p>



<p><br><strong>2. Its lunchtime. I do sport or go to the gym.</strong> </p>



<p>For those of us sporty types, an online class or two for yoga or pilates is enough to while away an hour. Check your gym for online classes. Use &#8216;Youtube&#8217; to find a pre-recorded exercise class session. <a href="https://signup.lesmillsondemand.com/">We recommend les mills online</a> but don&#8217;t do bodypump in a confined space! </p>



<p><br><strong>3. I&#8217;m Wanting to Network! </strong></p>



<p>Try an online community boasting a  pub, a beauty salon, a gym, the kids club, the travel clinic at the <a href="https://www.facebook.com/groups/Thevirtualvillages/">virtual village</a>. Startup or Entrepreneur? try <a href="https://community.startupnation.com/">Startup nation</a> , use <a href="https://ixdlab.co.uk/2019/02/22/46-useful-northern-twitter-hours/">twitter hours</a> to network and advertise your business.  Join your local chamber of commerce, or the <a href="https://theyorkshiremafia.com">yorkshiremafia</a> but remember no hard sell!  </p>



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<p><br><strong>4. Productivity apps</strong></p>



<p>Worth checking out for writing documentation as an alternative word processor is Grammarly. <a href="https://www.grammarly.com/">Grammarly</a> has the ability to store documents. It offer&#8217;s targeted content tonality checks. This means you can tell if your writing is &#8216;friendly&#8217; to your audience. It is also lightweight for use in the browser.</p>



<p><br><strong>5. Space</strong></p>



<p>Find a decent sized workspace when you can sit unhindered by life&#8217;s distractions. Yes. Right! Okay, okay i hear you. If your fighting for workspace with your cat, your housemate, or your family try this approach. Create an uncluttered area in your home which is off-limits to them between normal working hours. Remember that the understairs cupboard won&#8217;t do if your in IT and don&#8217;t forget that <a href="https://www.amazon.com/lights-desk/s?k=lights+for+desk">you still need a source of light.</a> </p>



<p><br><strong>6. Lists</strong></p>



<p>List everything you need to do at the start of the day, get a schedule, or get alexa to remind you. This helps you to focus on what needs to doing. As opposed to how many jobs in the house need doing.</p>



<p><br><strong>7.  Get a break&#8230;.. </strong></p>



<p>Normally we would suggest going for a long walk at lunch. Unusual but valid approaches to this include using a running machine for a ten-minute walk in the house. Getting up to have a cuppa and a few biscuits. Or doing something completely different. </p>



<p><br><strong>8. Call people&#8230;</strong></p>



<p>That&#8217;s right call them just to say hello if you are missing your office social life, or even <a href="https://www.skype.com/">skype them for a chat.</a></p>



<p><br><strong>9. At some stage you will get distracted. </strong></p>



<p>If you can stop distractions like tv, and neighbours calling round. Distractions like dog&#8217;s attacking next doors prize Persian cat, and foibles like inappropriate social media memes aren&#8217;t always solvable. If this happens don&#8217;t worry! Move on. Nothing to see here. But do block your work colleague responsible for memes from social media accounts, and put the dog on a leash eh.</p>



<p><br><strong>10. Logging off</strong></p>



<p>Don&#8217;t forget to keep to your normal working hours. So if the working day clock stops at 5pm you log off, if it starts at 9am you start or log in too. Try Clearing your desk afterward so your house gets back to a home!</p>



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p><strong>Companies that allow remote work have 25% lower employee turnover than those that don’t.</strong> (Owl Labs) </p>
</blockquote>



<p>We are verified content creators with Brave Rewards using the <a href="https://brave.com/compare/chrome/">Brave Browser</a>. Brave Rewards allows you to choose, browse and reward content creators like ixdlab using BAT or other Cryptocurrency&#8217;s. If you find our content useful and like what you read please donate via downloading the Brave browser. The Brave Browser allows you to earn free BAT. We are currently trialling this type of crowdfunding for our Cryptocurrency research projects.</p>
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		<title>The Top 7 User Experience Mistakes</title>
		<link>https://ixdlab.co.uk/blog/the-top-7-user-experience-mistakes/</link>
					<comments>https://ixdlab.co.uk/blog/the-top-7-user-experience-mistakes/#respond</comments>
		
		<dc:creator><![CDATA[IXDLAB]]></dc:creator>
		<pubDate>Wed, 13 Nov 2019 15:06:05 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://ixdlab.co.uk/?p=1107</guid>

					<description><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> 3</span> <span class="rt-label rt-postfix">minutes</span></span>Whether it’s your website, app or software – great usability and UX design is an essential part of the package. It doesn’t matter how amazing the ideas, features or designs are, if your customers can’t use it, don’t enjoy using it, or don’t understand it! In this post, we explore the top 7 things customers...  <a class="excerpt-read-more" href="https://ixdlab.co.uk/blog/the-top-7-user-experience-mistakes/" title="Read The Top 7 User Experience Mistakes">Read more &#187;</a>]]></description>
										<content:encoded><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> 3</span> <span class="rt-label rt-postfix">minutes</span></span>
<h2 class="wp-block-heading">Whether it’s your
website, app or software – great usability and UX design
is an essential part of the package.</h2>



<p>It doesn’t matter how
amazing the ideas, features or designs
are, if your customers can’t use it,
don’t enjoy using it, or don’t understand it!  
</p>



<p>In this post, we explore the top 7 things customers hate about UX (and how to create digital experiences customers will engage with).</p>



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<h2 class="wp-block-heading">1. <strong>The system doesn’t work as it should</strong> </h2>



<p>People hate it when things
don’t work!</p>



<p>If customers can’t use their preferred browser or device to access your website, web apps, mobile apps or software – they won’t use it!<br><br>Users dislike being limited to using a specific browser or device and in 2019, they shouldn’t have to. It’s up to businesses to create ‘device agnostic’ experiences. This means that whatever you make, you need to ensure it offers full functionality, and looks the same on every platform.  </p>



<h2 class="wp-block-heading">2. <strong>The product isn’t made for them</strong> </h2>



<p>If your experience doesn’t
connect with your customers’ values, expectations and limitations,
they won’t like it. You need to make users feel as though your
digital experience has been made for them, with their needs in mind.</p>



<p>Before designing anything, it’s essential that you get to know your users. You need to understand exactly what they want from your product or service. It’s important that you understand their expectations, behaviour, motivation and goals. Investing in user research and creating clear customer personas is the best way to ensure your experience is right for your audience. </p>



<h2 class="wp-block-heading">3. <strong>The website or app asks for too much information (the customer journey disrupted)</strong> </h2>



<p>Customers are using your
product or service for a reason. Let them use it!</p>



<p>Too many websites and apps
bombard new users with unnecessary
barriers. These include unexplained
permission requests, forced account creation, newsletter signup
prompts, excessive terms and conditions and suggested setting
changes.</p>



<p>These are likely to
frustrate users and make them suspicious of your intent. This is
especially true if they’re encountering your business for the first
time online and don’t know whether they want to use your product or
service.</p>



<p>Remove barriers
wherever possible and make it easy for
your users to get straight to the value.</p>



<h2 class="wp-block-heading"><strong>4. The navigation is
confusing or unclear</strong></h2>



<p>If your users can’t find
what they are looking for, they are going to go elsewhere.</p>



<p>Dead ends, poor
organisation, broken functionality or ‘creative’ navigation)
won’t do you any favours.</p>



<p>Clarity, ease and
simplicity matter and the best digital experiences provide an easy to
follow
journey for users.
Your users should be able to find the information or functionality
they want in as few steps as possible. Applying the right information
architecture principles to the design is the best way to achieve
this.</p>



<p>As a general rule,
navigation should have a specific number of categories. These should
be listed in a logical manner, such as alphabetical order. The
navigation should work for everyone, whether they are using
touchscreens or traditional laptops and desktops.</p>



<h2 class="wp-block-heading"><strong>5. There’s too much
information (information overload)</strong></h2>



<p>The
average human attention span is around 8 seconds.  
</p>



<p>If you fill a screen with
too much information, you risk confusing or overwhelming users. The
risk is that they lose interest and go elsewhere.</p>



<p>The solution is to keep things short, simple and clear. Your users need to be able to find what they are looking for &#8211; whether it’s specific information, instructions, calls to action, or buttons.</p>



<h2 class="wp-block-heading"><strong>6. There’s too many features</strong> </h2>



<p>Less can be more!</p>



<p>When it comes to apps and
software, the temptation is to try and fill screens with as many
features as possible. This can overwhelm and confuse users
(especially new ones).</p>



<p>User experience testing often reveals that people prefer products that focus on a limited selection of features. Take time to prioritise and research what matters most to your users. This will ensure you’re focusing on the features they want.</p>



<h2 class="wp-block-heading">7. <strong>It’s full of jargon!</strong> </h2>



<p>Did you know that the
average reading age in the UK is about 9 years old?</p>



<p>Language matters &#8211; and
industry jargon and
complex terms can be a real
turn off for your users. When creating experiences, it’s easy to
use insider industry terms and complicated tech speak.</p>



<p>Always communicate in
language that your users understand and are comfortable with.
Creating personas and investing in user experience testing will help
you to get this right.</p>



<h2 class="wp-block-heading"><strong>Improving User
Experience with IXDLAB</strong></h2>



<p>At IXDLAB, we help the
world’s top brands to create digital experiences that work for
their users. From user
research and design, to evaluation – our
UX experts will ensure that your digital products are right for your
audience.</p>



<p><strong>For more about UX, or a no obligation consultation, please get in touch with us today on 07858110704, or email <a href="mailto:info@ixdlab.co.uk">info@ixdlab.co.uk</a>.</strong></p>



<p>We are verified content creators with Brave Rewards using the <a href="https://brave.com/compare/chrome/">Brave Browser</a>. Brave Rewards allows you to choose, browse and reward content creators like ixdlab using BAT or other Cryptocurrency&#8217;s. If you find our content useful and like what you read please donate via downloading the Brave browser. The Brave Browser allows you to earn free BAT. We are currently trialling this type of crowdfunding for our Cryptocurrency research projects.</p>
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		<title>Cryptocurrency Bitesize – Facebook Libra</title>
		<link>https://ixdlab.co.uk/blog/cryptocurrency-bitesize-facebook-libra/</link>
					<comments>https://ixdlab.co.uk/blog/cryptocurrency-bitesize-facebook-libra/#respond</comments>
		
		<dc:creator><![CDATA[IXDLAB]]></dc:creator>
		<pubDate>Tue, 27 Aug 2019 14:14:38 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://ixdlab.co.uk/?p=937</guid>

					<description><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> 2</span> <span class="rt-label rt-postfix">minutes</span></span>Facebook&#8217;s Libra is a &#8216;Permissioned blockchain digital currency&#8217;. A higher degree of security is built into this peer to peer network so new computers being added into the network have to be pre-authorsied to join. The present Blockchain of Bitcoin, uses a permisionless Blockchain which some argue is still as secure as pre-authorisation that Libra...  <a class="excerpt-read-more" href="https://ixdlab.co.uk/blog/cryptocurrency-bitesize-facebook-libra/" title="Read Cryptocurrency Bitesize – Facebook Libra">Read more &#187;</a>]]></description>
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<p>Facebook&#8217;s Libra is a &#8216;Permissioned blockchain digital currency&#8217;.  A higher degree of security is built into this peer to peer network so new computers being added into the network have to be pre-authorsied to join.   The present Blockchain of <a href="https://ixdlab.co.uk/2019/08/09/crypotocurrency-bitesize/">Bitcoin</a>, uses a permisionless Blockchain which some argue is still as secure as pre-authorisation that Libra intends to transact using.   Libra is trying to be seen as more security conscious. Libra also hides transactions,  or obsfucates these similar to Cryptocurrency &#8216;<a href="https://ixdlab.co.uk/2019/08/21/cryptocurrency-bitesize-altcoins/">Monero</a>&#8216;. The idea being that only members of the Libra network can analyse, and extract info from the distributed ledger so the network is closed and transactions unlike Bitcoin cannot be viewed. Libra however is not &#8216;decentralised&#8217; and is &#8216;permission based&#8217;, and offers the ability to generate &#8216;Smart Contracts&#8217;.</p>



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<p> </p>



<p>Libra unlike Bitcoin does not rely on mining to generate coins. Libra has a permissioned proof of stake system which allows a network to receive distributed consensus on a transaction, via random selection on the stake, which could be wealth, or age, as opposed to &#8216;Mining&#8217;. So the more &#8216;Coins&#8217; you own, the more power you have with the proof of stake system.  Even as a Bitcoin miner you need to stake at least an amount to mine a block.</p>



<p>Libra has an impressive list of name companies, and backers on board known as the Libra Association.  Visa, Uber, Paypal, and Andressen Horowitz are all involved in developing this new payment technology.</p>



<p>It is expected that libra will be policed by facebook to remove fake libra related sites.  Regulatory issues, have placed Libra under the spotlight as  cryptocurrency, and digital currencies generally seen as a &#8216;huge risk&#8217; to financial stability.  All agree these type of developments are &#8216;inevitable&#8217;,  particularly the US. Facebook has at present over 1 billion users on its platform. Stats for end of 2018, fourth quarter, showed facebook, without its cryptocurrency in use had <a rel="noreferrer noopener" href="https://s21.q4cdn.com/399680738/files/doc_financials/2018/Q4/Q4-2018-Earnings-Release.pdf" target="_blank"><strong>2.32 billion monthly active users</strong></a>  worldwide. One admittance about the technology is it cannot right now deliver necessary scalability to support billions of people using a Cryptocurrency.</p>



<p>Libra is expected to be incorporated into Facebook within the next 18 months causing concern with legislators. Reportedly an &#8216;anti-trust&#8217; probe is now being launched by EU regulators, concerned that libra shuts out competitors.   Facebook Libra&#8217;s, main rivalry is Binance &#8216;Venus&#8217;.</p>



<p>Despite these teething problem the launch date for Facebook&#8217;s libra is set for 2020.</p>



<h3 class="wp-block-heading">What will be able to buy with facebook libra?</h3>



<ul class="wp-block-list"><li>Pay for goods and services on facebook</li><li>Use payments for car rides with Uber</li><li>Pay for Spotify online subscriptions</li><li>Proposals for more diverse financial based products are also in the pipeline for development</li></ul>



<p></p>



<p>Here at ixdlab_ we can help you to understand and formulate opinions on using electronic cashless payment technologies such as <a href="https://ixdlab.co.uk/2019/08/09/crypotocurrency-bitesize/">Bitcoin</a>, Ripple, XRM in your business.  Look out for more on  <strong>#Cryptocurrencies</strong> later on.</p>



<p><strong>Liked this article on </strong> <strong>Cryptocurrencies? </strong><a href="https://ixdlab.co.uk/contact/"><strong>Please feel free to donate</strong></a></p>



<p>We are verified content creators with Brave Rewards using the <a href="https://brave.com/compare/chrome/">Brave Browser</a>. Brave Rewards allows you to choose, browse and reward content creators like ixdlab using BAT or other Cryptocurrency&#8217;s. If you find our content useful and like what you read please donate via downloading the Brave browser. The Brave Browser allows you to earn free BAT. We are currently trialling this type of crowdfunding for our Cryptocurrency research projects.</p>



<p>  </p>
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		<title>Cryptocurrency Bitesize &#8211;  Altcoins</title>
		<link>https://ixdlab.co.uk/blog/cryptocurrency-bitesize-altcoins/</link>
					<comments>https://ixdlab.co.uk/blog/cryptocurrency-bitesize-altcoins/#respond</comments>
		
		<dc:creator><![CDATA[IXDLAB]]></dc:creator>
		<pubDate>Wed, 21 Aug 2019 13:08:25 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://ixdlab.co.uk/?p=925</guid>

					<description><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> 2</span> <span class="rt-label rt-postfix">minutes</span></span>An &#8216;Altcoin&#8217; is an &#8216;implied&#8217; cryptocurrency coin, meaning it often shares Bitcoins characteristics, hence the name &#8216;Alt Coin&#8217;. Currently its claimed there are over 1500 of these &#8216;Alt Coins&#8217; available to invest in. Notable Alt coins: Litecoin – Seen as an alternative Silver to Bitcoin&#8217;s gold and thoroughly decentralised! Uses a &#8216;Proof of work&#8217; scheme...  <a class="excerpt-read-more" href="https://ixdlab.co.uk/blog/cryptocurrency-bitesize-altcoins/" title="Read Cryptocurrency Bitesize &#8211;  Altcoins">Read more &#187;</a>]]></description>
										<content:encoded><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> 2</span> <span class="rt-label rt-postfix">minutes</span></span><p><span style="font-family: Arial, sans-serif;"><span style="font-size: large;">An &#8216;Altcoin&#8217; is an &#8216;implied&#8217; cryptocurrency coin, meaning it often shares Bitcoins characteristics, hence the name &#8216;Alt Coin&#8217;. Currently its claimed there are over 1500 of these &#8216;Alt Coins&#8217; available to invest in.</span></span></p>
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</script>
<p></p>
<p><span style="font-family: Arial, sans-serif;"><span style="font-size: large;"><b>Notable Alt coins:</b></span></span></p>
<ul>
<li>
<p><span style="font-family: Arial, sans-serif;"><span style="font-size: large;"><b>Litecoin</b> – Seen as an alternative Silver to <a href="https://ixdlab.co.uk/2019/08/09/crypotocurrency-bitesize/">Bitcoin&#8217;s</a> gold and thoroughly decentralised! Uses a &#8216;Proof of work&#8217; scheme to validate blocks. </span></span></p>
</li>
<li>
<p><span style="font-family: Arial, sans-serif;"><span style="font-size: large;"><b>Etherum</b> – Steered by major players such as the eponymous Microsoft, Accenture. Since the recent smart contract exploitation resulting in Etherum being split into two seperate networks there has been much debate if Etherum can still be classed as an &#8216;Altcoin&#8217;. A recent study citing correlation to Bitcoin, placed Etherum &#8216;into the playing field&#8217;, as the &#8216;most decentralised blockchain platform in existence&#8217; and more importantly &#8216;publicly recognised as an asset&#8217;.</span></span></p>
</li>
</ul>
<p><span style="font-family: Arial, sans-serif;"><span style="font-size: large;">Most Altcoins are peer to peer, some even follow the Bitcoin mining process where miners solve difficult mathematical problems (proof of work) to unlock blocks, and are based on Bitcoin. Some just don&#8217;t do much, or are very basic.</span></span></p>
<p><span style="font-family: Arial, sans-serif;"><span style="font-size: large;">What makes Altcoins interesting is the risk to owning, and volatility. Many &#8216;Altcoins&#8217; can offer more privacy/ anonymity with obfuscated transactions such as &#8216;Monero&#8217;. Some Altcoins mined blocks are solved faster than Bitcoins, yet require far more proof of authority.</span></span></p>
<p><span style="font-family: Arial, sans-serif;"><span style="font-size: large;">Altcoins may use differing proof of work algorithm&#8217;s, or could be designed to support technical uses as a way to build more applications on top of existing Cryptocurrency structures, such as the Cryptocurrency &#8216;EOS&#8217;. </span></span></p>
<p><span style="font-family: Arial, sans-serif;"><span style="font-size: large;">Importantly some &#8216;Altcoins&#8217;, and you should watch out for, these don&#8217;t do very much.</span></span></p>
<p></p>
<p><span style="font-family: Arial, sans-serif;"><span style="font-size: large;"><b>Why use Altcoins?</b></span></span></p>
<ul>
<li><span style="font-family: Arial, sans-serif;"><span style="font-size: large;">Online payments in other currency&#8217;s</span></span></li>
<li><span style="font-family: Arial, sans-serif;"><span style="font-size: large;">Trading </span></span></li>
<li><span style="font-family: Arial, sans-serif;"><span style="font-size: large;">Privacy in ledger transactions</span></span></li>
<li lang="en-GB"><span style="font-family: Arial, sans-serif;"><span style="font-size: large;">Decentralisation</span></span></li>
<li><span style="font-family: Arial, sans-serif;"><span style="font-size: large;">Building payment based applications</span></span><br><!--StartFragment--></li>
</ul>


<p>Here at ixdlab_ we can help you to understand and formulate opinions on using electronic cashless payment technologies such as Bitcoin, Ripple, XRM in your business.  Look out for more on  <strong>#Cryptocurrencies</strong> later on.</p>



<p><strong>Liked this article on </strong> <strong>Cryptocurrencies? </strong><a href="https://ixdlab.co.uk/contact/"><strong>Please feel free to donate</strong></a></p>


<p><!--EndFragment--></p>


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		<title>Cryptocurrency, Bitesize &#8211; Stablecoins</title>
		<link>https://ixdlab.co.uk/blog/cryptocurrency-bitesize-stablecoins/</link>
					<comments>https://ixdlab.co.uk/blog/cryptocurrency-bitesize-stablecoins/#respond</comments>
		
		<dc:creator><![CDATA[IXDLAB]]></dc:creator>
		<pubDate>Wed, 14 Aug 2019 19:38:06 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://ixdlab.co.uk/?p=905</guid>

					<description><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> 2</span> <span class="rt-label rt-postfix">minutes</span></span>Stablecoins are &#8216;coin&#8217; based token&#8217;s that retain, or are close to a value. A stablecoins value may go slightly up, or under the $1 dollar remit or equivalent value and is not prone to risky volatility, hence the term Stablecoin. The Stable coin may track the dollar, but negative, or positive increase / decrease with...  <a class="excerpt-read-more" href="https://ixdlab.co.uk/blog/cryptocurrency-bitesize-stablecoins/" title="Read Cryptocurrency, Bitesize &#8211; Stablecoins">Read more &#187;</a>]]></description>
										<content:encoded><![CDATA[<span class="span-reading-time rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Article Reading Time: </span> <span class="rt-time"> 2</span> <span class="rt-label rt-postfix">minutes</span></span>
<p>Stablecoins are &#8216;coin&#8217; based token&#8217;s that retain, or are close to a value. A stablecoins value may go slightly up, or under the $1 dollar remit or equivalent value and is not prone to risky volatility, hence the term Stablecoin. The Stable coin may track the dollar, but negative, or positive increase / decrease with certain Stablecoin&#8217;s is likely to be discounted on buying, or selling other Cryptocurrency (please check with the provider).</p>



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<p></p>



<p><strong>So what are Bitcoin and Ethereum if they are not Stablecoins?</strong></p>



<p>Neither Bitcoin, or Etherum, are Stablecoins. The idea of a Stablecoin is to create &#8216;Actual monetary value&#8217; for people who want stability, audit trails, and reliability, So the coin, or token is &#8216;as&#8217; feasibly close,or equivalent to $1 dollar, or similar. Bitcoin is prone to volatility and the value is not limited.</p>



<p>Stablecoins
are a useful resource for secure money transfer between countries.
Stablecoins can be Fiat backed from a regulated third party. Some are
Commodity, or Cryptocurrency based. 
</p>



<p>You
still need a digital wallet, and may need to use bitcoin or other
Cryptocurrencies, to transfer an amount to your chosen Stablecoin. 
</p>



<p><strong>Couple
of Stablecoins worth mentioning:</strong></p>



<p>DAI
– Aim to get as close to the $1 dollar trading mark as possible and
currently have a Market Cap of 77.08M</p>



<p>PAX
– Backed 1:1 for the dollar and regulated by the US NY State
Department as an &#8216;alternative&#8217; to  the US dollar with a current
Market Cap of $ 185.03M</p>



<p>Gemini Dollar (GUSD) – Regulated creditworthiness built on Etherum Blockchain technology. Market Cap $6,906,576M </p>



<p><strong>Useful
for:</strong></p>



<ul class="wp-block-list"><li>Times
	when you want to make a quick money transfer
	</li><li>Temporary
	placement of funds in a stable Cryptocurrency with minimised
	volatility at a specific value.
	
	
</li></ul>



<p><strong>All Cryptocurrency have risks. Seek financial advice if you are not sure what to invest in.</strong></p>



<p> Here at ixdlab_ we can help you to understand and formulate opinions on using electronic cashless payment technologies such as Bitcoin, Ripple, XRM in your business.  Look out for more on  <strong>#Cryptocurrencies</strong> later on. </p>



<p><strong>Liked this article on Cryptocurrencies? </strong><a href="https://ixdlab.co.uk/contact/"><strong>Please feel free to donate</strong></a></p>



<p>We are verified content creators with Brave Rewards using the <a href="https://brave.com/compare/chrome/">Brave Browser</a>. Brave Rewards allows you to choose, browse and reward content creators like ixdlab using BAT or other Cryptocurrency&#8217;s. If you find our content useful and like what you read please donate via downloading the Brave browser. The Brave Browser allows you to earn free BAT. We are currently trialling this type of crowdfunding for our Cryptocurrency research projects.</p>
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