What is the impact of digital money on the business world?

[Suba]

As you know, currently many central banks issue digital money or CBDC (Central Bank Digital Currency). The government's goal is mainly to support the digitalization of the economy and stem the popularity and circulation of cryptocurrencies in the country. One of the positive impacts is that the transaction process will be easier and faster, so what do you think the impact of digital money on the business world, whether negative or positive?

 

[Dowenship]

As you know, currently many central banks issue digital money or CBDC (Central Bank Digital Currency). The government's goal is mainly to support the digitalization of the economy and stem the popularity and circulation of cryptocurrencies in the country. One of the positive impacts is that the transaction process will be easier and faster, so what do you think the impact of digital money on the business world, whether negative or positive?

As long as the governmental body is now in support of digitalization of the system, i see a change of currency and transaction in the latter future, and adoption of digital currency worldwide.

 

[Yusuf1]

Digital money or crypto currency exchange Business will definitely help people to keep their money and edge it over inflation most Especially for those who comes from African countries.

 

[Richard92]

Digital money or crypto currency exchange Business will definitely help people to keep their money and edge it over inflation most Especially for those who comes from African countries.

Digital money has really help in terms of easy transfer of money and exchange of money. People are now using digital money because it's helping easy transfer and doesn't waste time.

 

[joy101]

The Digital impact in making money in business will really help one to transfer money and also to make exchange money by using digital money because it help.

 

[Hena101]

Digital money or crypto currency exchange Business will definitely help people to keep their money and edge it over inflation most Especially for those who comes from African countries.

Yeah you very correct bro those that suffered always from inflation are African countries but with the emergence of digital money it can be reduced.

 

[Nurudeen]

Crypto currency is the future and this is the major reason why people are quickly tapping into the business. For I think more people are going into it to evade tax from the government because crypto currency exchange Business is not regulated

 

[Kingstone]

If that is true, it will be awesome. It will cut unnecessary inflation rates and bring the value of money to a good standard. Exchange of money will be faster also and businesses will profit from it a lot.

 

[eLdavis]

It would fully bring in the era of cashless transaction in the sense that these days with digital currency many persons would not want to carry physical cash as they would prefer doing their transaction online.

 

[Chibson]

Digitalization of of currencies will definitely help a great deal when it comes to helping of Businesses. It will facilitate how transactions are carried out.

 

[Kvngsammy]

One thing I haven't understood is whether these countries would create their own currencies because I know digitalisation of currencies is just like having the electronic version of the current monies. Though it would help them in the stock market though.

 

[Niftyyem]

The benefits are numerous for the business world. Swift transactions with no border issues and the possibility of privacy and time saving are just a few.

 

[tyrim88]

most government that have embrraced the cryptocurency trend is to align themself with the technology of e-transaction virtual money.This will actually make transactions to be easier and faster.Some charges would be reduced drastically.

 

[Grandeur]

Digital currency has had a positive impact on the business world generally because with digital money we can send money and receive anywhere and anytime

 

[kayode10]

It makes it pretty much easier to do transaction between people and businesses. It makes it pretty much easier to move funds. It also appreciate in values.

 

[Alexandoy]

Why do you think that digital currency is related to crypto coin? Digital currency is the digital version of the country's money. That is being resorted to by the country for the main purpose of avoiding the contamination of the covid virus with the use of the physical money.

 

[Josemendez]

Digital currency will help to improve the way and rate of transaction in such a way that people can carry out different transaction from the comfort of their home.

 

[Josephjossy]

Digital money have been helping a lot in the society right now you can easily send money or receive money from any part of the world right now in the comfort of your house that is a very great improvement in the world and it had been helping everybody including me and you

 

[kayode10]

Digital money make it pretty much easier for everyone to transact business online with easy and full protection. You can easily transfer money from one account to the other of the same payment processor.

 

[Kane]

PayPal is one of the most used payment processors, yet a lot of people do not use or cannot use PayPal. Banks and cards are another option for sending and receiving payment, however a lot of people are not yet into the banking system. Here lies the importance of using digital currency