Alright, let’s talk about this “otm nxt” thing, whatever it is. Sounds fancy, but I’ll try to make it simple, like how we talk back home.
What is this “otm” thingy?
Well, from what I gather, “otm” is like giving someone permission to take money from your bank. You know, like when you tell the milkman he can just take the money from the jar on the porch? It’s kinda like that, but with fancy papers and banks and such. They call it a “mandate” or somethin’. You give ’em your bank info, sign some papers, and then they can just take the money when they need to. Like those city folks paying their bills, I guess.
So, you fill out this form, give ’em your bank stuff, and send it to whoever needs it. Could be some investment company or somethin’. Then, they can just snatch the money from your account when it’s time to pay. Sounds a bit scary, leavin’ your money out there like that, but I guess that’s how they do things in the city.
And what about “nxt”?
Now this “nxt” part is a bit trickier. Sounds like some newfangled computer stuff. Like them youngsters with their phones and whatnot. From what I heard, it’s got somethin’ to do with somethin’ called “blockchain.” Don’t ask me what that is, sounds complicated. But it’s like a big ol’ ledger, keepin’ track of stuff. Like when you write down how much you owe at the general store, only this thing is on the computer and everybody can see it.
This “nxt blockchain,” they say it’s got all sorts of features. They got videos and explanations tryin’ to make it sound easy, but it still sounds like a bunch of gibberish to me. Somethin’ about “plain English” explanations, but even plain English can get complicated when you start talkin’ about computers.
- They got this “otm” thing, like I said, where you let folks take your money.
- And then they got this “nxt” thing, which is this computer ledger thingy.
- And somehow, these two things work together. Don’t ask me how.
How they work together, maybe?
Maybe this “nxt” thing is used to keep track of those “otm” transactions. So, when they take your money, it gets written down in this big ol’ computer ledger. That way, everyone knows who paid what and when. Seems like a lot of fuss just to pay a bill, but I guess that’s what happens when you got all these fancy computers and such.
I heard some folks even use this “nxt” thing for other stuff too. Like movin’ things, or controllin’ machines. They got these videos about makin’ a little machine move back and forth, like a swing on the porch, but with wires and such. It’s all too much for me, I tell ya.
Making it easy, like on the farm.
Look, let’s try to make this simple. Imagine you got a cow, right? And you want to sell milk to the neighbors. You could set up an “otm” arrangement. They give you permission to take money from their account every week for the milk. And then, you could use somethin’ like this “nxt” thing to keep track of how much milk everyone got and how much they paid. It’s like your own little farm ledger, only it’s on the computer.
But honestly, I still prefer the good ol’ jar on the porch. At least you can see the money comin’ in. These computers and fancy terms, it’s just too much for an old woman like me. Though I hear some city folks even use this “nxt” stuff to change how their computer screens look. They call it “customizin’” or somethin’. Like puttin’ lace on a tablecloth, but for computers.
So, what’s the big deal?
Well, I guess this “otm nxt” thing is supposed to make things easier and more efficient. You don’t have to write checks or carry cash around. Everything is done automatically, and it’s all tracked on this big ol’ computer ledger. But like I said, I’m an old woman, I like things simple. Give me a good ol’ handshake and some cash, and I’m happy. This “otm nxt,” it’s just too much for my old brain to handle. But hey, if it works for them city folk, more power to ’em. Just don’t ask me to explain it again. This is about as clear as mud on a rainy day, ain’t it?
Still confused? You ain’t alone.
If you’re still scratchin’ your head, don’t worry. It took me a good long while just to figure out this much. And I still don’t understand half of it. But the gist of it is this: “otm” is like giving someone permission to take your money, and “nxt” is like a big ol’ computer ledger that keeps track of everything. And somehow, these two things work together to make things easier for folks who like complicated stuff. If you need more help, you gotta find yourself one of them smart fellers who can explain it better than I can. Maybe email that fella, what was his name? Lokesh or somethin’, at that gmail thing.
Now, if you’ll excuse me, I gotta go feed the chickens. That’s somethin’ I understand.
